XPRIMM News
Insurance Newsletter, No. 422, 11 October, 2018

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES

TOPEVENT
ICAR Forum 2018: Main conclusions
by Adina TUDOR, Andreea RADU, 2018-10-09
The 15th edition of ICAR - The International Catastrophic Risks Forum, taking place in Bucharest, Romania, on 9 October, touches issues of paramount concern.
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TOP NEWS
Insurance Europe calls for a two years delay in IFRS17 implementation
by Daniela GHETU, 2018-10-11
Insurance Europe - the European insurance and reinsurance federation, called for a two-year delay in IFRS17 implementation to address the 11 issues that were identified during the tests performed by EFRAG - the European Financial Reporting Advisory Group.
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STATISTICS: ROMANIA, 1H2018: flat growth in total GWP, mostly due to the decrease in the MTPL business
by Daniela GHETU, 2018-10-11
Romanian insurers ended 1H2018 with GWP worth RON 5.04 billion (EUR 1.08 billion), a business volume which in fact demonstrates a quasi-stagnant phase. Gross paid claims amounted to RON 2.08 billion (EUR 602.6 million). Out of the 30 active players, Top 10 insurers accounted for about 88% of the market GWP.
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Adrian MARIN, UNSAR: Financial education allows consumers to choose the insurance products that best cover their needs
by Adina TUDOR, 2018-10-11
"Romanian insurers paid claims totaling 30.5 million RON in the first 6 months of 2018 in the household insurance segment", explained Adrian MARIN, President, UNSAR, during ICAR - The International Catastrophic Risks Forum.
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STATISTICS: LATVIA, 1H2018: aggregate profit of EUR 7.23 million, about EUR 2 million less y-o-y
by Andrei Victor, 2018-10-11
The Latvian insurance market totaled EUR 386 million at the end of June 2018, with an 18% increase y-o-y. At the same time, insurance companies paid EUR 200 million in claims (12% more y-o-y).
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Croatian Insurance Days 2018 - Registration opened online
by Daniela GHETU, 2018-10-11
The 2018 edition of the "Croatian Insurance Days" will be held in Opatija, Croatia, on November 7-9, 2018. Organized by the Croatian Insurance Bureau, with the support of the Croatian Ministry of Finance, the conference will have, as usual, a rich and very informative program, also providing for extended networking opportunities.
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STATISTICS: CYPRUS, 1H2018: Local insurance industry increased in almost all LoBs
by Andrei Victor, 2018-10-11
During the first half of the current year, the local insurance industry increased in almost all business classes, with total GWP being up by almost 8% to EUR 458 million, according to half-year market figures published on the IAC website - the local professional association.
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GENERALI launches its fully-dedicated cyber insurance function and the CyberSecurTech start-up
by Daniela GHETU, 2018-10-11
Italian group GENERALI launches a new Cyber Insurance function and a fully-owned technology start-up, GENERALICyberSecurTech to address customer concerns and needs in the area of cyber risk.
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Aon: Natural catastrophes cost global economy 'tens of billions' in September, highlighting the prevalence of global under-insurance
by Daniela GHETU, 2018-10-11
Aon's Impact Forecasting team launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred worldwide during September 2018.
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Sergio SCHENA from GENERALI Italia voted as Group's best agent
by Daniela GHETU, 2018-10-11
The second GENERALI Global Agent Excellence Contest took place in Sorrento to elect the best agent within the GENERALI Group. During the Grand Finale Sergio SCHENA, from GENERALI Italia, was voted as Group's best agent.
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BELARUS: S&P Global affirms "B/B" credit ratings for Belarus
by Marina MAGNAVAL, 2018-10-11
On October 5, 2018, the rating agency S&P affirmed "B/B" long- and short-term foreign and local currency sovereign credit ratings on Belarus with a stable outlook, as the Finance Ministry of the Republic announced.
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STATISTICS: RUSSIA, 1H2018: Market growth speeds up to 13.3% y-o-y
by Marina MAGNAVAL, 2018-10-11
Total GWP by the Russian insurers in 1H2018 amounted to RUB 731.78 billion (~EUR 10 billion; +13.28% y-o-y in local currency vs. 9.5% a year ago), according to the Central Bank of Russia.
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KAZAKHSTAN: the market leader - EURASIA, will participate in insurance of the biggest airport in the world
by Marina MAGNAVAL, 2018-10-11
The leader of the Kazakh insurance market, EURASIA, will participate in insurance of the new Istanbul airport, which will become the biggest airport in the world.
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KAZAKHSTAN: investments in the financial and insurance sector declined by more than 11% from Jan-Aug, while insurer assets grew by 8%
by Marina MAGNAVAL, 2018-10-11
For 8 months of this year, investments in the financial and insurance sector amounted to KZT 37.1 billion (-11.5% y-o-y). The largest part, almost 100%, of those investments were provided by owners' equity and retained earnings of the businesses, as Finprom.kz reported.
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ON THE MOVE
Public insurers appoint Achim Bosch to reinsurer board
by Daniela GHETU, 2018-10-11
The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.
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CROATIA osiguranje announced changes in its Management Board
by Andrei Victor, 2018-10-11
CROATIA osiguranje Group (CO Group) - one of the largest insurers in the Adriatic region announced this summer on the Zagreb Stock Exchange website changes in its Management Board.
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Mark WILSON steps down as CEO of AVIVA
by Andrei Victor, 2018-10-11
AVIVA announced Mark WILSON and the Board have agreed that Mark is stepping down as CEO of the group. "Mark will remain with the group until April 2019 and will assist with the planned and orderly transition".
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WTW appointed Pamela THOMSON-HALL as Head of CEEMEA
by Andrei Victor, 2018-10-11
Willis Towers Watson - WTW - announced the appointment of Pamela THOMSON-HALL as the Head of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region.
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TOP EVENT


Five new XPRIMM insurance reports to be launched in Baden Baden

by Daniela GHETU, 2018-10-11
Five new titles will be available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.
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Insurance markets of the Western Balkans in the limelight November 15 at ICIR in Frankfurt

by Daniela GHETU, 2018-10-11
There is just one month to go until the event hosted by The International Center for Insurance Regulation (ICIR), dedicated to the latest market and regulatory developments for the insurance markets of the Western Balkans.
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INTERVIEW
Wolfgang SCHWEHR Market Head Russia & CIS Swiss Re
by Daniela GHETU, 2018-10-11
Swiss Re's Reception, hosted on September 27 by the Swiss Embassy in Moscow, was a great opportunity to hear and discuss about latest trends and opportunities in product development both on Life & Health and Non-Life side. Speakers have also looked at the regulatory environment and exchanged on the learnings from other countries. On this occasion, Wolfgang SCHWEHR, Market Head Russia & CIS, Swiss Re, shared with XPRIMM his views on different topics related to the Russian market.
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VIG
JLT

STATISTIC UPDATES
CYPRUS, 1H2018
RUSSIA, 1H2018
LATVIA, 1H2018
ROMANIA, 1H2018

TRUST RE


ERGO
EUROINS

PARTNER EVENTS

2nd Annual CLAIMS MANAGEMENT & INNOVATION Conference
18 - 19 October 2018, Frankfurt, Germany


Baden-Baden XPRIMM Reception
21 October 2018 Kurhaus Casino
Baden Baden Meetings 2018
21-25 October 2018, Baden Baden, Germany
Connected Claims Europe
29 - 30 October, 2018, London, UK
FRAUDtalks Conference
6 November 2018, Amsterdam, Netherlands

DESTINE Broker

CURRENT XPRIMM REPORTS
RUSSIA FY2017
Ins. Report CEE, SEE & CIS – FY2017
KAZAKHSTAN FY2016 & 1H2017
TURKEY FY2016 & 1H2017
ROMANIA FY2017
Motor Ins. Report FY2016
Property Ins. Report FY2016

OMNIASIG
MARSH

XPRIMM News