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Insurance

Fitch takes rating action on Italian insurers on sovereign downgrade
On April 26 Fitch Ratings has affirmed Assicurazioni GENERALI Spa's (GENERALI) and core subsidiaries' Insurer Financial Strength (IFS) Ratings at 'A-', following the recent downgrade of Italy's IDR. Continuare
(27.04.2017)
ACHMEA appoints Rene SCHOLTEN as CFO of its Slovak unit, UNION
Dutch insurer ACHMEA announced it has appointed Rene SCHOLTEN as Chief Financial Officer (CFO) of its Slovakian insurance company UNION, pending regulatory approval. Continuare
(27.04.2017)
Joachim WENNING's mandate as the new Chairman of the Board at MUNICH Re starts today
Today Joachim WENNING (52) takes over as the new Chairman of the Board at MUNICH Re, replacing Nikolaus von BOMHARD (60), who has headed the Group for over thirteen years. Continuare
(27.04.2017)
FIAR 2017: New names join top speakers who will enrich the 20th edition of the Forum
A team of exquisite speakers will enrich FIAR - The International Insurance-Reinsurance Forum 20th edition's content, sharing their views on the most important topics in the insurance field today. Continuare
(27.04.2017)
Aon/Ponemon: Almost four times more budget is being spent on property related risks vs. cyber risk
Nearly 65% of organizations expect their cyber risk exposure to increase in the next two years, a recent report released by PONEMON Institute found. Continuare
(26.04.2017)
Global Benefits Group aims to be become a relevant corporate insurance provider in the CEE and CIS
Global Benefits Group (GBG) has entered into a strategic partnership with a new Georgia-based insurance company, aiming to become a player in the corporate insurance sectors of the CEE and CIS regions. Continuare
(26.04.2017)
FRISS and Openclaims won the Dutch Fintech Awards in the InsurTech section
Fraud defender FRISS and OPENCLAIMS have been chosen as an insurtech startup of the year 2017 during the annual Dutch Fintech Awards. InsureApp, a startup of Risk Insurance, ranked second. Continuare
(26.04.2017)
Seguros el Roble chooses the FRISS solution to fight insurance fraud
Seguros el Roble announced that it has selected FRISS, in cooperation with MUNICH Re, to provide a fraud detection platform for claims, aiming to fight fraud in a more structured and effective way. Continuare
(26.04.2017)
Chubb appoints Ana ROBIC as COO, North America Personal Risk Services
Ana ROBIC was appointed to Chief Operating Officer, for CHUBB's North America Personal Risk Services. She will be responsible for strategies and activities relating to profitable growth for CHUBB's high-net-worth personal insurance division. Continuare
(20.04.2017)
Joanne SEGARS to leave PLSA after 12 years
In June, Joanne SEGARS will step down as chief executive of the British Pensions and Lifetime Savings Association (PLSA) after leading it since 2006. Continuare
(20.04.2017)
ROMANIA: OMNIASIG VIG - almost 11% increase in GWP in 2016
Romanian insurer OMNIASIG Vienna Insurance Group (VIG) recorded a positive development in 2016 on most of the activity segments, which generated a consolidated business growth of almost 11%, the company announced. Continuare
(20.04.2017)
A.M. Best Withdraws Credit Ratings of Russian Reinsurance Company JSC
A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bb+" of Russian Reinsurance Company JSC (Russian Re) (Russia). Continuare
(20.04.2017)
ACHMEA appoints Emma THOMAS as CEO ACHMEA Australia
ACHMEA has appointed Emma THOMAS as Chief Executive Officer of ACHMEA Australia, effective April 15, 2017 and pending regulatory approval. ACHMEA Australia is a dedicated agricultural insurance company. Continuare
(13.04.2017)
MMC names Keith WALSH Chief Financial Officer of Risk and Insurance Services
Marsh & McLennan Companies (MMC) announced today that Keith WALSH has been appointed Chief Financial Officer of the Company's Risk and Insurance Services (RIS) segment, which includes MARSH and GUY CARPENTER. Continuare
(13.04.2017)
Willis Towers Watson's CFO Roger MILLAY retires
Roger MILLAY, Willis Towers Watson's Chief Financial Officer will be voluntarily retiring, effective October 2, 2017, the company announced recently. Continuare
(13.04.2017)

Moldova

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)
STATISTICS: Moldova: Insurance market grew by 12.1% in the first quarter
In the first three months of 2016, the total premiums of Moldova's insurance companies increased by 12.12%, up to MLD 284.41 million, compared to the same period of 2015, according to the official data published by the supervisory authority - NCFM. Continuare
(09.06.2016)
MOLDOVA: "Bomb" under the insurance system Green Card
On Friday, May, 13, 2016, the Board of Directors of the National Commission for Financial Market convoked urgently an extraordinary meeting. The reason was the imminent risk Moldova to be excluded from the international system of insurance Green Card, informs the Mold-Street. Continuare
(23.05.2016)
STATISTICS: MOLDAVIAN insurers reported a business volume of EUR 59 million at the end of 2015
At the end of December 2015, the Moldavian insurance market totaled MDL 1.2 billion (about EUR 58.8 million), up by 2.1% y-o-y, according to the preliminary statistics recently published by the market's supervisory authority. Claims paid by the 15 insurers that have reported operations totaled MDL 386.6 million (or EUR 18.5 million) - equivalent to 31% of the total GWP. Continuare
(14.04.2016)
MOLDOVA: Green Paper system is available for yet three months
Council of Bureaux (CoB), the European institution based in Brussels, manager of the international insurance system "Green Card", has decided to postpone the decision suspending the National Bureau of Motor Insurers of Moldova (NBMI) of the "Green Card" until the General meeting of its members, scheduled to take place in early June, reads a press release issued by the NBMI.
Continuare
(03.03.2016)
STATISTICS: MOLDOVA: All insurers have gained profit in the first 9 months
All 15 insurance companies active on the Moldavian insurance market have concluded the first nine months of the year with a positive balance, according to data published by the National Commission of Financial Market (NCFM). Continuare
(17.12.2015)
Starting April 1st, 2016, MOLDAVIAN drivers will not be able to buy Green Card insurance
Starting April 1st, 2016, Moldavian drivers will not be able to buy Green Card policies from local companies, according to the most recent decision taken by the National Bureau of Motor Insurers (BNAA). According BNAA's statistics, on December 7th, there were 39,589 valid Green Card policies issued by 10 authorized insurers. Continuare
(10.12.2015)
 





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Interview of the week
Assen CHRISTOV Assen CHRISTOV
Chairman of the Supervisory Board
EUROHOLD

The economic environment and the insurance market are fully correlated. Healthy growth of the insurance business is hardly possible without economic growth. Of course, we have been an example of an expanding business in the times of economic downturn, but this expansion also comes along immense managerial and organizational efforts. Details




















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