Insurance Newsletter No. 579, 27 January 2022
www.xprimm.com
TOP NEWS

Germany: Corona and natural catastrophes had a strong impact on German insurers business results in 2021
by Daniela GHETU, 2022-01-27
The Corona pandemic and the flood disaster on the Ahr have had a strong impact on the business results of German insurers, data presented by the German Insurers Association (GDV) show. For the first time since 2013, companies in the P&C insurance sector were in the red last year.

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Willis Towers Watson to rebrand as WTW, combined with the company's new Nasdaq ticker symbol
by Andrei Victor, 2022-01-27
Global brokerage firm Willis Towers Watson announced the rebranding as WTW, combined with the company's new Nasdaq ticker symbol. On January7th, the broker informed its ticker symbol on the Nasdaq stock market "will change to "WTW" at the open of market trading on Monday January 10, 2022". Willis Towers Watson has traded under the ticker "WLTW" since 2016.

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LATVIA: Janis ABASINS: The Latvian insurance market has adapted to the pandemic conditions
by Marina MAGNAVAL, 2022-01-26
The Latvian insurance market will continue to grow this year, with GWP growing by about 3-5%, according to Janis ABASINS, President of the Latvian Insurers Association and Chairman of the Board of the Latvian Motor Insurers' Bureau.

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Europ Assistance acquires Call 365 to create EA Slovenia
by Andrei Victor, 2022-01-25
Europ Assistance (EA), a subsidiary of the Generali Group, announced the acquisition of Slovenia-based company Call 365. Call 365 has been operating as Europ Assistance exclusive partner in Slovenia for 3 years, providing roadside and travel assistance services to Slovenian customers and travelers to Slovenia.

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ARMENIA: Moody's assigns Ba3 rating to Armenia's Export Insurance Agency, outlook stable
by Marina MAGNAVAL, 2022-01-25
Moody's has assigned to the Export Insurance Agency of Armenia (EIAA) insurance financial strength ratings (Insurance Financial Strength Ratings - IFSRs) at Ba3 in foreign and national currencies, with a stable outlook, ArmInfo reports.

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ARMENIA: the share of e-MTPL policies in 2021 reached almost a quarter of all MTPL contracts
by Marina MAGNAVAL, 2022-01-25
According to the Bureau of Motor Insurers of Armenia, the number of vehicles with MTPL policy increased by 9.6% in 2021 (after a decline of 12.4% in 2020), however, it is still far from the pre-Covid growth of 18.5% in 2019, ArmInfo reports.

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RUSSIA: SberLife Insurance made over 100,000 payments for credit insurance in 2021
by Marina MAGNAVAL, 2022-01-21
In January-December 2021, SberLife Insurance made 100.2 thousand payments for insured events under voluntary life insurance contracts of borrowers of consumer and mortgage loans, and total amount of paid claims reached RUB 11.687 billion (~EUR 0.14 billion*). The number of claims increased by 29.4%, and amount - by 42.3% y-o-y, according to the insurer's press release.

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KAZAKHSTAN: in 2021, the insurance sector saw a recovery growth in all key parameters
by Marina MAGNAVAL, 2022-01-25
According to the National Bank, as of December 1, 2021, there were 27 insurance (reinsurance) organizations operating in Kazakhstan, their total assets amounted to almost KZT 1.78 trillion/EUR 3.60 billion*. GWP collected as of this date amounted to KZT 725 billion, liabilities - approximately KZT 1.05 trillion (including KZT 871.26 billion of insurance reserves), Allinsurance.kz writes citing inbusiness.kz.

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UKRAINE: for 11M2021 MTPL market increased 17% and Green Card - 34% y-o-y
by Marina MAGNAVAL, 2022-01-25
For the period from January to November 2021, the number of MTPL contracts concluded in Ukraine amounted to 8.24 million units, which is 8.38% more y-o-y.

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ON THE MOVE

Lloyd's appoints Dawn Miller as Commercial Director
by Andrei Victor, 2022-01-25
Lloyd's announced the appointment of Dawn MILLER as its Commercial Director reporting into Lloyd's Chief of Markets, Patrick TIERNAN. Dawn MILLER will take up the new position at Lloyd's in Q2 2022 and will be based in London.

RUSSIA: Pavel RUDENSKY appointed Vice President of RNRC, Mikhail SEPP - Vice President for Retrocession and Sustainable Business Development
by Marina MAGNAVAL, 2022-01-25
Pavel RUDENSKY has been appointed Vice President of RNRC (Russian National Reinsurance Company) for business development with the CIS. Mikhail SEPP, who headed this RNRC business unit, has been appointed vice president for retrocession and sustainable business development, ASN wrote according to information from the reinsurer.

MMC appoints Moreland MURRAY as CIDO
by Andrei Victor, 2022-01-25
Marsh McLennan announced Moreland MURRAY as its Chief Inclusion and Diversity Officer (CIDO). He continues in his role as Chief People Officer for the Company's corporate functions, reporting to Carmen Fernandez, Chief People Officer, Marsh McLennan.

Chubb names CONNOLE as CFO, International General Insurance Operations. JONES to retire
by Andrei Victor, 2022-01-27
Chubb announced that Miriam CONNOLE has been appointed Chief Financial Officer for Overseas General Insurance, the company's international general insurance operations.

SCOR's asset management company announced changes within its Business Development team
by Andrei Victor, 2022-01-27
SCOR Investment Partners SE, the SCOR Group's asset management company, announces changes within its Business Development team to realize its third-party asset management growth ambitions and expand its client relationships.

Generali announced the resignation of Sabrina PUCCI from the Board of Directors
by Andrei Victor, 2022-01-27
Assicurazioni Generali informs that the director Sabrina PUCCI, independent director and member of the Remuneration and Appointments and Risk and Control Committees, has announced her resignation from the Board due to personal reasons.

TOP EVENTS

First Congress of Actuaires du Monde to be held in Skopje (North Macedonia) on 31 March & 1 April 2022
by Daniela GHETU, 2022-01-27
The First Congress of Actuaires du Monde, co-organized by Actuaires du Monde, Insurance Supervision Agency and the Macedonian Actuarial Association, will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022. The media coverage will be assured by XPRIMM.

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MARKETS & TRENDS

Aon: USD 343 billion in global weather-, catastrophe-related economic losses reported in 2021, up from USD 297 billion in 2020
by Daniela GHETU, 2022-01-26
Aon plc published its 2021 Weather, Climate and Catastrophe Insight report, which evaluates the increasing frequency and severity of disruptive natural disasters and how their resulting economic losses are protected globally. The report shows 38% of natural peril losses were covered by insurance, an improvement from last year.

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Allianz Research forecasts global strong but uneven growth in 2022
by Andrei Victor, 2022-01-27
In their newly published Economic Outlook 2022 report, Allianz Research takes a look at the global economic trends and identifies the main developments for 2022.

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STATISTICS

STATISTICS: CEE markets agregate GWP exeeds EUR 30 bn at end-September 2021
by Andrei Victor, 2022-01-27
Thee aggregate GWP reported by the 17 CEE insurance markets totaled EUR 30.35 billion at the end of September 2021, about EUR 2.4 billion more as compared with 3Q2020 (+8.56% y-o-y), according to the quarterly market figures centralised by xprimm.com. For the analysed period, the aggregate claims and indemnities paid by CEE insurers increased by almost EUR 1 billion to EUR 17 billion (+6% y-o-y).

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VIG



ERGO


EVENTS

InsureTek

Constellation Ballroom, Dubai Marina Hotel  9th-10th February, 2022 Organizers: Biz Events Management Media Partner: XPRIMM Publications For details: insuretek.org 

1st Congress of Actuaires du Monde
Skopje Marriott Hotel, Macedonia
31 March - 1 April, 2022
Organizers:  Actuaires du Monde
Media Sponsor: XPRIMM More details: here

9th AIDA Europe Conference
Zurich, Switzerland
18-20 May 2022
Organizer:  AIDA Europe
Media Partner: XPRIMM Publications
For details: aidainsurance.org


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