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Insurance

ROMANIA: Top 10 insurance brokers accounted for nearly half of the mediated GWP in 3Q2017?
The Romaninan insurance brokers mediated GWP worth RON 4.62 billion (EUR 1.02 billion) during the first nine months of 2017, 1,25% more y-o-y. Non-life premiums totaled RON 4.48 billion, while the value of mediated premiums related to life segment was RON 140.78 million. Continuare
(17.01.2018)
SAVA Re adds new member of the management board
Slovenian re/insurer SAVA Re annoucend that the appointment of Polona Pirs ZUPANCIC as member of the management board has got the Insurance Supervision Agency's (ISA) approval. She started her term of office on 14 January 2018. Continuare
(17.01.2018)
JLT Re appoints Jeremy FOX as Asia-Pacific CEO
Global reinsurance broker JLT Re announced the appointment of Jeremy FOX to the position of Chief Executive Officer (CEO) of JLT Re's Asia-Pacific unit (APAC). He will also become a member of the Reinsurance Global Executive Committee. Continuare
(17.01.2018)
Swiss Re appoints Frank REICHELT responsible for market area of Austria & Central and Eastern Europe
Frank REICHELT, Swiss Re's Market Executive Germany & Northern Europe, will assume additional responsibilities for the market area of Austria & Central and Eastern Europe effective from 1 April 2018, according to the reinsurer recent release sent to XPRIMM. Continuare
(16.01.2018)
Can we finally add "real-time" to catastrophe response systems?
Many organizations with significant exposures to natural and man-made catastrophes struggle to quickly and accurately assess the impact of those disasters on their business. Continuare
(15.01.2018)
TRUST Re appoints Senior Treaty Underwriter to its Cyprus Branch Office
TRUST Re announced the appointment of Daniel STANKO as Senior Underwriter - Treaty for its Cyprus Branch Office. He will be reporting to Sinisa LOVRINCEVIC, Cyprus Branch General Manager. Continuare
(12.01.2018)
Jonathan M. ZAFFINO appointed President and CEO of the EVEREST Insurance® Division
EVEREST Re Group, Ltd. announced on January 8, that Jonathan M. ZAFFINO has been named President and CEO of the EVEREST Insurance® Division, effective immediately.  Continuare
(11.01.2018)
Mike HAMMOND, Chairman of Lockton International Holdings, retired at the end of December
Longtime global leader Mike HAMMOND has retired from Lockton at the end of December. Hammond, who has been instrumental in building and guiding Lockton International, joined Lockton in 2006 to lead the international business after the acquisition of Alexander Forbes International Risk Services.  Continuare
(11.01.2018)
WTW appoints Patrick MURPHY as Global Head of Cargo & Specie
Willis Towers Watson (WTW) has appointed Patrick MURPHY as Global Head of Cargo and Specie, within its Marine, Corporate Risk and Broking Division. He will be responsible for client management, technical, placement and risk management specialists to support WTW marine clients in risk mitigation. Continuare
(11.01.2018)
Maurick SCHELLEKENS appointed as CEO NN Czech and Slovak Republics
Maurick SCHELLEKENS will be appointed Chief Executive Officer of NN Czech and Slovak Republics, effective 1 February 2018, subject to regulatory approval. He will succeed Jiri CAPEK's, who decided to leave NN Group to pursue  opportunities outside NN Group. Continuare
(11.01.2018)
STATISTICS: Romania: CITY Insurance and EUROINS accounted together for about 60% of MTPL market
The Romanian insurance market continued its growth trend in 3Q 2017, according to the most recent statistics published by ASF. Local insurers reported 3Q GWP of RON 7.32 billion (EUR 1.61 billion), 6% more than in the same period of the previous year. Continuare
(11.01.2018)
Germany: Selling life insurance run-off portfolios may be restricted in the future
Germany's Christian Democrats (CDU) are considering reforming life insurance regulations to make it more difficult for insurance companies to sell run-off portfolios, weekly news magazine Spiegel reported, quoted by Reuters. Continuare
(20.12.2017)
Insurance telematics policies in Europe and North America will reach a total of 65.2 million active in the next three years
Europe and North America will reach 65.2 million active insurance telematics policies in 2021, reads a recent research report. The number of insurance telematics policies in force on the European market reached 6.8 million in Q4-2016 and is expected to reach 30 million by 2021. Continuare
(20.12.2017)
FRISS Raises EUR 15 Million in Series A funding to fight and prevent insurance fraud globally
FRISS, the European market leader in analytics software for fraud, risk and compliance to P&C insurers, has announced it has closed a EUR 15 Million Series A funding. Continuare
(20.12.2017)
After the Q3 massive loss events, Lloyd's has needed a GBP 3 billion capital inflow to restore its resources
Approx. GBP 3 billion of additional capital has been provided to restore Lloyd's of London's market capital resources to the level prior to the Q3 2017 loss events and to cover changes in capital requirements for 2018 underwriting, Lloyd's leaders said. Continuare
(20.12.2017)

Moldova

STATISTICS: Moldova, 3Q2017: GWP up by 5.2%, while claims slowly decreased by 0.84%
GWP collected by Moldavian insurers totaled MDL 1,067.96 million and went up by 5.26% compared to the similar period of 2016, according to the official data published by the National Commission of the Financial Market in Moldova (NCFM). Continuare
(07.12.2017)
Rep. of Moldova: MTPL tariffs could be liberalized gradually while insurers' capital could reach MDL 1.8 billion lei according to NCFM strategy
Until 2022, the volume of insurance reserves and the insurers' capital must reach the level of MDL 1.8 billion each, the development strategy developed for the following five years by the National Commission of the Financial Market in Moldova (NCFM) for the non-banking financial market envisions. Continuare
(16.11.2017)
Main conclusions: The Insurance Conference - Republic of Moldova
One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia. Continuare
(12.10.2017)
STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy
Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM). Continuare
(07.09.2017)
MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y
The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.
Continuare
(22.08.2017)
STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog. Continuare
(22.06.2017)
STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates
The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM. Continuare
(06.04.2017)
MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares
The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares. Continuare
(20.12.2016)
MOLDOVA: Eight insurance companies risk losing their license
The National Commission of Financial Market (NCFM) has warned eight insurance companies from Moldova, that they could remain without license,  because of the irregularities detected. Continuare
(05.12.2016)
STATISTICS: Rep. of MOLDOVA, 3Q2016: GWP up by 11.58%, exceeding MDL 1 billion
In 3Q2016, the total GWP collected by Moldavian insurance companies have exceeded one billion MDL, up by 11.58% compared 3Q2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). Continuare
(24.11.2016)
MOLDOVAN insurance companies fined by NCFM
Most of Moldovan insurance companies were fined by the National Commission of Financial Market (CNPF). The sanctions were imposed because they have not met the deadline for payment of compensation and preparing the minutes on prejudice. Continuare
(14.11.2016)
Moldova: GENERAL Asigurari is the newest player to enter the market
GENERAL Asigurari is the most recent player to enter the re/insurance market in Moldova. The Board of Directors of the National Commission of Financial Market has issued the prior approval of registration in this regard, according to official anouncement made by local supervisory authority. Continuare
(10.11.2016)
STATISTICS: Rep. of Moldova, 1H2016: GWP up by more than 9.5%, while claims increased by over 40%
The Moldavian insurance market has recorded in 1H2016, total GWP of MDL 628 million (EUR 28,2 million), increasing by 9,5% as compared with 1H2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). In the European currency, company's GWP have seen a decrease of 0,49%, as a consequence of the national currency depreciation against the European one. Continuare
(18.08.2016)
MOLDOVA: Insurance company ASITO closes down!
Shareholders of ASITO insurance company have decided to close the company. The director of ASITO, Andrei Lupyri, has written a request to the Financial Market National Committee, with the request to take away the license. Continuare
(07.07.2016)
Moldova avoids suspension from the Green Card system
The General Assembly of the Council of Bureaux in Brussels decided on June 2 to revoke the suspension of the National Bureau of Motor Insurers of Moldova (BNAA) from the "Green Card" system. Continuare
(09.06.2016)
 





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