XPRIMM News
Insurance Newsletter, No. 485, 13 February, 2020

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES


TOP NEWS
UNIQA confirms the acquisition of the AXA subsidiaries in Poland, Czech Republic and Slovakia
by Daniela GHETU, 2020-02-10
UNIQA confirmed purchasing AXA subsidiaries in Poland, Czech Republic and Slovakia growth markets, in an operation that will bring the Austrian group 5 million new customers and EUR 800 million in additional premiums for a purchase price of around EUR 1 billion.
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Vienna Insurance Group acquired 20% interest in ViveLaCar start-up
by press.release, 2020-02-12
Vienna Insurance Group (VIG) announced the acquisition of an interest of around 20% in the German start-up ViveLaCar GmbH, which is headquartered in Stuttgart. VIG's acquisition will help ViveLaCar's planned expansion into Austria and Switzerland in spring 2020.
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ALBANIA: Authority launches MTPL damage registry
by Cosmin CONCEATU, 2020-02-11
The Albanian Financial Supervisory Authority (AFSA) has announced the launch of a public online registry of all damages incurred for MTPL insurance policies, the insurance consumers being able to follow the course of their indemnities based on a unique identification number.
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DUNAV Osiguranje gives up its Bosnian life insurance business
by Daniela GHETU, 2020-02-12
Bosnian subsidiary of the Serbian DUNAV Osiguranje said it plans to give up its life insurance business, remaining active in non-life insurance only, reports SeeNews quoting a company document filed with the Banja Luka Exchange Stock.
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STATISTICS: CROATIA, FY2019: insurers' GWP increased by 7% y-o-y to EUR 1.4 billion
by Andrei Victor, 2020-02-13
The gross written premiums of Croatian insurers increased by 7% y-o-y to HRK 10.54 billion (EUR 1.42 billion) in 2019, according to the preliminary figures published by the Croatian Insurance Bureau.
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HUNGARY: February storm claims may exceed HUF 1 billion
by Andrei Victor, 2020-02-13
About 10,000 claim files were reported by Hungarian insurers following the first week of February's storms, Budapest Business Journal reported quoting MABISZ (the Hungarian Association of Insurers) representatives.
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KOSOVO: CBK limits non-life insurers expenses to 24% of GWP
by Cosmin CONCEATU, 2020-02-11
In order to improve the financial strength of local insurers, Central Bank of Kosovo (CBK) introduced at the beginning of February 2020 a set of rules that will limit the overall commissions and operational costs of non-life insurers to a maximum amount of 24% of all non-life gross written premiums volume.
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STATISTICS: MONTENEGRO, FY2019: market expanded to almost EUR 95 million, up by 9% y-o-y
by Andrei Victor, 2020-02-13
The Montenegrin market reported a 9% y-o-y growth in FY2019 GWP, to EUR 94.76 million, according to the preliminary figures published on the ISA's web-site.
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Zurich Insurance Group, FY2019: consolidated revenues expanded by 53.3% to USD 71 billion
by press.release, 2020-02-13
Zurich Insurance Group (Zurich) announced a net income of USD 4,147 million for the year 2019, 11.6% higher than the level recorded at the end of 2018 (FY2018: USD 3,716 million)
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SCOR achieves 15.8% GWP growth during 2019
by press.release, 2020-02-11
For the full financial year 2019, SCOR Global P&C experienced a strong gross written premiums growth, of 15.8% at current exchange rates, to EUR 7.1 billion. This was driven both by Reinsurance (+16.2%) and Specialty Insurance (+14.4%).
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Everest Re, FY2019: net income rose by USD 920 million
by press.release, 2020-02-11
For the full year ended December 31, 2019, Everest Re Group reported a net income of USD 1,009.5 million, showing a substantial increase compared to FY2018 net income of USD 89.0 million.
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MAPFRE, FY2019: group's revenues rose 7.1% at the end of the year
by press.release, 2020-02-12
MAPFRE's net earnings in 2019 came in at EUR 609 million, 15.2 percent better than the previous year (FY2018: EUR 529 million), while Group revenues rose 7.1 percent to EUR 28.5 billion (FY2018: EUR 26.6 billion).
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Aegon, 2H2019: July-December net income went up 260%
by press.release, 2020-02-13
At the end of the second half of 2019, Aegon's net income increased significantly to EUR 910 million (+260%), while full year net income more than doubled to EUR 1,528 million (+105%).
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Fitch Ratings upgrades Lithuania and Greece, affirms Azerbaijan and Slovenia
by Cosmin CONCEATU, 2020-02-12
In January 2020, Fitch Ratings, a leading provider of credit ratings, took rating actions over Lithuania, Greece, Azerbaijan and Slovenia, upgrading the first two countries' ratings and affirming the others' Long-Term Foreign-Currency Issuer Default Rating (IDR).
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Turkey Wealth Fund to buy GROUPAMA's 10% stake in GUNES Sigorta
by Andrei Victor, 2020-02-13
Turkey's sovereign wealth fund announced its TVF Finansal Yatirimlar unit had agreed to purchase France-based Groupama Holding SA's 10% stake in Turkish insurer GUNES Sigorta, Reuters reported, quoting a statement from the sovereign wealth fund. No further details including financial terms of the transaction were available.
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STATISTICS: ARMENIA, FY2019: retail insurance accounted for almost 53% of insurers' portfolios
by Marina MAGNAVAL, 2020-02-13
In 2019, the Armenian insurance market grew by 19.79% in local currency, its GWP amounting to AMD 49.13 billion (~EUR 91.45 million), according to the data of insurance companies, provided by ArmInfo.
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GEORGIA: in 2019 the number of beneficiaries of the state agroinsurance program increased by 31%
by Marina MAGNAVAL, 2020-02-10
In 2019, total state subsidies under the agroinsurance program amounted to GEL 5.84 million (~USD 2.02 million) while the number of beneficiaries of the program increased by 31% y-o-y, as Levan DAVITASHVILI, the Minister of Environmental Protection and Agriculture of Georgia, informed.
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KAZAKHSTAN: average ROE in non-life sector exceeded 12% in 2019
by Marina MAGNAVAL, 2020-02-10
Total profit of the insurance market in 2019 decreased by 0.6% y-o-y, despite its GWP growth, and amounted, according to the regulator, to KZT 78.4 billion (EUR 0.18 billion), Allinsurance.kz reports.
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RUSSIA: from 2017 to 2019 GWP of RNRC doubled
by Marina MAGNAVAL, 2020-02-12
According to the Russian National Reinsurance Company (RNRC), its GWP amounted to RUB 14 billion (~EUR 0.2 billion) in 2019, while its profit exceeded RUB 3 billion (EUR 43.24 million), as Natalia KARPOVA, President, Chairman of the Board of RNRC, announced.
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RUSSIA: financial ombudsman service included into International Network of Financial Services Ombudsman Schemes
by Marina MAGNAVAL, 2020-02-12
The Russian financial ombudsman service was included into the International Network of Financial Services Ombudsman Schemes. This decision was made at the meeting of the Organization's Committee, as ASN reports with reference to the Chief Financial Ombudsman, Yuri VORONIN.
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UKRAINE: over 39% of TAS claims were paid for MTPL in 2019
by Marina MAGNAVAL, 2020-02-12
TAS Insurance group, one of TOP-5 insurance companies of Ukraine, reported that the group's GWP reached UAH 1.81 billion (~EUR 68.5 million) in 2019, which is 30.8% more y-o-y, Forinsurer writes.
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VIG
IIF 2020 - MOTOR INSURANCE - "A glimpse in the future" - meet the speakers!
by team, 2020-02-12
IIF 2020 - MOTOR INSURANCE - "A glimpse in the future", the fourth conference organized in Vienna under the titles International Insurance Forum, will take place on 6 April, with a rich agenda bringing under the limelight the latest trends in the industry. Early bird rates are only available until 15 February.
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VIG

VIG

On the move
Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer
by press.release, 2020-02-12
Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer. Subject to approval by the relevant authorities, Scheidegger will assume the role on 1 June 2020 and join the Swiss Re Corporate Solutions Executive Committee.
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Swiss Re Corporate Solutions appoints Bianca Willauer as Head Property & Specialty Lines EMEA
by press.release, 2020-02-12
Swiss Re Corporate Solutions has appointed Bianca Willauer as Head Property & Specialty Lines, EMEA, effective 1 February 2020.
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Lloyd's announced inaugural members of Culture Advisory Group
by Andrei Victor, 2020-02-13
Lloyd's of London announced the appointment of prominent figures as the inaugural members of its Culture Advisory Group.
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STATISTIC UPDATES
  STATISTICS: ARMENIA, FY2019
STATISTICS: MONTENEGRO, FY2019
STATISTICS: CROATIA, FY2019

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EVENTS
3rd Annual Managing Insurance Contracts under IFRS 17
11-13 March 2020
London, United Kingdom
Organizer:?marcus evans
Media Partner:?XPRIMM Publications
For details:?marcusevans-conferences-paneuropean.com

IIF2020 - Motor Insurance Conference
6 April 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com


IIF2020 - Property Insurance Conference
7 April 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com


International Insurance-Reinsurance Congress
21-22 April 2020
Metropol Hotel, Moscow, Russia
Organizer: The Reinsurance Committee of All-Russian Insurance Association and DELOVOY Format Group as Co-organizer
Media Partner: XPRIMM Publications
For details: http://icir.ru/en/2020

Georgian International Insurance Conference
30 April 2020
Radison Blu Iveria Hotel, Tbilisi, Georgia
Organizer: XPRIMM
Official Publication: XPRIMM Publications
For details: xprimmevents.com


FIAR 2020 - International Insurance Reinsurance Forum
24-26 May 2020
Sinaia, Romania
Organizer: FIAR Consult & XPRIMM Publications

DIA AMSTERDAM 2020
23 - 25 June, 2020
Amsterdam, The Netherlands
Organizer:?DIA
Media Partner:?XPRIMM Publications
For details:?next.digitalinsuranceagenda.com

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CURRENT XPRIMM REPORTS
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RUSSIA FY2018
KAZAKHSTAN 1H2019
TURKEY 1H2019
ROMANIA 1H2019
Motor Ins. Report FY2018
Property Ins. Report FY2018

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