XPRIMM News
Insurance Newsletter, No. 494, 16 April, 2020

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES


TOP NEWS

KOSOVO: 20% of national vehicles fleet was uninsured in 2019
by Cosmin CONCEATU, 2020-04-16
According to the Central Bank of Kosovo (CBK) Governor, Fehmi Mehmeti, between 40,000 and 60,000 uninsured vehicles circulated in Kosovo during 2019. This number represented roughly 20% of the total national fleet of vehicles.
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FAIRFAX estimates a Q1 loss of USD 1.4 billion under the Coronavirus crisis' impact
by Daniela GHETU, 2020-04-16
The Canadian FAIRFAX Group announced it is currently estimating a net loss in 1Q of approximately USD 1.4 billion and an approximate 12% decrease in book value adjusted for the USD10 per common share dividend paid in 1Q2020, reflecting the COVID-19 pandemic and its impact on financial markets worldwide.
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NBG has postponed the sale of ETHNIKI Asfalisitiki on Coronavirus pandemic
by Andrei Victor, 2020-04-15
The National Bank of Greece (NBG) putted its insurance unit sale on hold after "the Coronavirus pandemic dashed any lingering hopes of a successful auction", wrote bloomberg quoting people familiar with the matter.
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KAZAKHSTAN: both number of registered vehicles and car accidents increased in January-February 2020
by Marina MAGNAVAL, 2020-04-16
The number of vehicles, registered in Kazakhstan during the first two months of 2020, increased by 2.5% y-o-y (to 149,938 units), thus total number of registered passenger vehicles by March 1, 2020, reached 3.8 million units, according to the Kazakhstan's Statistics Committee, Trend reports.
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RUSSIA: ROSGOSSTRAKH Life: Moscow is leading in the share of residents with savings
by Marina MAGNAVAL, 2020-04-16
According to a study of the financial situation of citizens in the country, conducted by ROSGOSSTRAKH Life, the lowest household debt load was recorded in Moscow - 34.5% of residents have one or two loans, however, a fifth (20%) of them doesn't even know the conditions and interest rates, the study said.
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UKRAINE: Motor Hull GWP surpassed MTPL GWP by UAH 3 billion in 2019
by Marina MAGNAVAL, 2020-04-16
In 2019, motor insurance on the Ukrainian market (MTPL, Motor Hull and Green Card summed) increased by 16.5% y-o-y, to UAH 15.1 billion (~EUR 0.57 billion), Forinsurer reports.
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INSURERS ON THE COVID-19 FRONT
British insurers expect 2020 to be the costliest year in travel insurance claims terms since records began
by Daniela GHETU, 2020-04-15
According the first estimates, British travel insurers expect to record around 400,000 travel insurance claims as a result of Covid-19 and pay out GBP 275 million to people whose travel plans have been disrupted, a sum that is twice the one paid the previous year and also the highest ever recorded since records began.
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Covid-19, ADRIS Grupa: No employees would be laid off. Management is taking a 30% pay cut
by Andrei Victor, 2020-04-15
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced a series of decisions that will impact the operations of affiliated companies.
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Serbian insurers take action to support customers and community during the COVID-19 pandemic
by Daniela GHETU, 2020-04-16
Serbian insurers are playing an active role in the general effort of fighting the COVID-19 pandemic, both by supporting at their best their customers and providing financial contributions for the medical effort of fighting the epidemic.
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Swiss Re donates CHF 5 million to support the fight against COVID-19
by press.release, 2020-04-14
Swiss Re Group pledged to donate CHF 5 million to support the needs of people and communities affected by the COVID-19 pandemic around the world. Through its non-profit grant foundation, the Swiss Re Foundation, the funds will be distributed to organisations tackling the crisis, particularly in developing countries.
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Generali donates EUR 1 million to the Trieste healthcare system
by press.release, 2020-04-10
Generali has donated EUR 1 million to the Giuliano Isontina University Health Authority (ASUGI) for the purchase of both ICU technical equipment for Cattinara Hospital in Trieste and personal protective equipment for care homes in Trieste. The initiative is part of the Extraordinary International Fund created by the Company to deal with the COVID-19 emergency.
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PZU and ALIOR Bank invite startups to fight the effects of coronavirus
by Daniela GHETU, 2020-04-16
PZU and ALIOR Bank have launched an opportunity for innovative solutions to combat the coronavirus pandemic and its effects, by recruiting to that end startups that can present the best innovative projects. Applications will be collected until April 26th.
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Aviva donates GBP 5 million to NHS Charities Together as part of Covid-19 package support
by press.release, 2020-04-14
Aviva, the UK's largest insurer, has pledged GBP 5 million to NHS Charities Together as part of a package of measures aimed at supporting customers and their communities during the Covid-19 crisis.
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MAPFRE contributes 5.7 million euros to the industry fund aimed at protecting health care professionals against COVID-19
by press.release, 2020-04-14
With its significant contribution to this initiative, the insurer has already mobilized more than 80 million euros in Spain to fight the disease and help alleviate its consequences on the economy
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Fairfax donates USD 2 million to humanitarian food banks organizations in Canada and U.S. in response to COVID-19 crisis
by press.release, 2020-04-14
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U), recognizing the unprecedented widespread economic suffering resulting from the COVID-19 pandemic, is donating US$2 million ($1 million in Canada and $1 million in the United States) to food banks and humanitarian organizations providing relief services to those severely disadvantaged by the COVID-19 pandemic.
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Coronavirus: AXA announced solidarity measures
by Andrei Victor, 2020-04-15
French insurance group AXA announced that following the statement issued by EIOPA - the European Insurance and Occupational Pensions Authority - on April 2, 2020 relating to dividend distributions during the Covid-19 pandemic, the Chairman of AXA's Board of Directors convened an extraordinary meeting of the Board of Directors to consider EIOPA's recommendations.
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Covid-19: AVIVA to postpone 2019 dividend payment
by Andrei Victor, 2020-04-15
AVIVA announced that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020.
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AZERBAIJAN: insurers are expanding their lines of online products due to pandemic
by Marina MAGNAVAL, 2020-04-15
Gunay Sigorta has expanded its product line of online insurance services, based on the authorities requirements and recommendations to prevent the spread of the coronavirus infection, Trend reports citing the insurer.
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RUSSIA: SBERBANK Life insurance switches after-sales services to online
by Marina MAGNAVAL, 2020-04-15
SBERBANK Life insurance, a subsidiary of SBERBANK, is now offering its customers the possibility to remotely report insured events and send necessary documents under voluntary life insurance contracts (when applying for mortgages, consumer loans, credit cards or purchasing goods on credit online), the insurer's press service informed.
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VIG

On the move
Marsh appoints David Rahr as Global Leader of Multinational Client Service
by press.release, 2020-04-15
Marsh, the world's leading insurance broker and risk advisor, today announced that David Rahr has been appointed Global Leader, Multinational Client Service. Based in Chicago, he will report to Flavio Piccolomini, President, Marsh International, and Martin South, President, US and Canada.
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Claudine Delavy appointed as Swiss Re Corporate Solutions' Head Distribution Management EMEA
by press.release, 2020-04-16
Swiss Re Corporate Solutions appoints Claudine Delavy as Head Distribution Management, Europe, Middle East & Africa, effective 1 May. Ms. Delavy will be responsible for advancing the company's distribution strategy, representing all Swiss Re Corporate Solutions' products and solutions to commercial insurance brokers, and maintaining strong relationships with key partners. She will relocate from London to Zurich.
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Matt Scott joins Willis Towers Watson Climate and Resilience Hub as senior director
by press.release, 2020-04-16
Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub. Scott played an integral role in the Bank of England's climate team under Governor Mark Carney from 2014 and led delivery of UK Government's landmark Green Finance Strategy in 2019.
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Ernest Bejda appointed to the Management Board of PZU SA
by press.release, 2020-04-16
The PZU SA Supervisory Board adopted a resolution to appoint Ernest Bejda to the Management Board of the company.
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AGCS appoints first Chief Data Officer
by Andrei Victor, 2020-04-15
ALLIANZ Global Corporate & Specialty announced that effective from April 1st Ali SHAHKARAMI (46) will be appointed as Chief Data Officer for AGCS. "In this newly created position he will be responsible for the development and the delivery of ALLIANZ Global Corporate & Specialty's (AGCS) data strategy and will report directly to AGCS Chief Operating Officer (COO) Bettina DIETSCHE".
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Lloyds appoints Andrew Woodward as Regional Representative for Middle East and Turkey
by press.release, 2020-04-10
Lloyd's has appointed Andrew Woodward as the Lloyd's Regional Representative for Middle East and Turkey effective from 01 April.
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STATISTIC UPDATES
STATISTICS: CYPRUS, FY2019: The market accelerated almost 4% y-o-y
by Andrei Victor, 2020-04-16
Last year, the insurance industry of Cyprus totaled EUR 892 million, up by almost 4% y-o-y, according to end-year preliminary market figures published on the IAC website - the local professional association.
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ERGO
EUROINS

EVENTS
Global Insurance Forum
8 - 12 June 2020
New York, USA
Organizer: IIS - International Insurance Society
Media Partner: XPRIMM Publications
For details: events.internationalinsurance.org

Les Rendez-Vous de Septembre
12 -17 September 2020
Monte-Carlo, Monaco
For details: rvs-monte-carlo.com

9th AIDA Europe Conference
Zurich, Switzerland
17-18 September 2020
Organizer:?AIDA
Media Partner:?XPRIMM Publications
For details:?aidainsurance.org

WorldPensionSummit 2020
20-22 October 2020
Louwman Museum, The Hague, The Netherlands
Organizer:?P&I Events
Media Partner:?XPRIMM Publications
For details:?pionline.com/wps2020

Baden Baden Meetings 2020
18 - 22 October 2020
Baden Baden, Germany
For details: www.baden-baden-reinsurance.de

DIA AMSTERDAM 2020
28-29 october, 2020
Amsterdam, The Netherlands
Organizer:?DIA
Media Partner:?XPRIMM Publications
For details:?next.digitalinsuranceagenda.com

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

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

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CURRENT XPRIMM REPORTS
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TURKEY 1H2019
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