Insurance Newsletter No. 587, 24 March 2022
www.xprimm.com
TOP NEWS

VIDEO INTERVIEW: How does the Green Card system cope with challenges raised by the war in Ukraine?
by Daniela GHETU, 2022-03-23
"We are all confronted with the tragic and unique situation created by the war initiated by the Russian Federation in Ukraine: we have now one member bureau in the CoB where we know our colleagues are under fire, and yet they really managed to keep the system running," said Sandra Schwarz, President CoB, in an exclusive interview with XPRIMM.

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European insurers paid every day claims worth EUR 2.8 billion in 2020
by Daniela GHETU, 2022-03-24
In 2020, European insurers have paid every day claims worth almost EUR 2.8 billion, the most recent report published by Insurance Europe reveals. At the same time, European insurance industry proved being a huge long-term investor, with more than EUR 10.6 trillion invested in the economy.

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Austrian insurance sector posted significant growth in premiums in 2021
by Andrei Victor, 2022-03-21
During the 4th quarter of 2021, Austrian insurers posted an increase in premium volume of 5.62% to EUR 4.55 billion vs Q4 2020. For the full-year 2021 premium volume stood at EUR 19.76 billion, an increase of 3.56% or by EUR 680 million compared with the preceding year.

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One week to the First Congress of Actuaires du Monde; Registration still opened
by XPRIMM, 2022-03-24
The First Congress of Actuaires du Monde will start one week from now. The "in-person" event will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022.

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NORTH MACEDONIA: ISA: the number of complaints, resolved last year in favor of insured persons, increased 2.5 times
by Marina MAGNAVAL, 2022-03-23
In 2021 the Insurance Supervision Agency (ISA) received 206 complaints from dissatisfied policyholders about insurance companies and other market participants. The number of complaints last year increased 2.4 times compared to 2020, according to official data from the ISA.

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POLAND: PZU and BOS are now partners in green bancassurance
by Marina MAGNAVAL, 2022-03-23
PZU Group, the largest financial institution in Poland and CEE with the first insurance company established in Poland, on March 21 signed a letter of intent with Bank Ochrony Srodowiska on establishment of the strategic cooperation in bancassurance, Gazeta Ubezpieczeniowa reports.

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NN Slovensko to invest in Finportal, one of the largest financial broker in Slovakia
by Andrei Victor, 2022-03-24
NN Slovensko, the Slovak business unit of Dutch insurance group NN, informed it has agreed to invest and to become the main shareholder of Finportal - "which is the number three in the financial intermediation market in terms of turnover" and "one of the fastest growing distribution companies in local financial market".

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ARMENIA: in January-February 2022, the number of vehicles with MTPL policy increased by 9.8% y-o-y
by Marina MAGNAVAL, 2022-03-22
In January-February 2022, the number of vehicles with MTPL policy in Armenia increased by 9.8% y-o-y (according to the Bureau of Motor Insurers of Armenia) vs a decline of 9.1% a year earlier and an increase of 4.3% in the same period of 2019.

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UKRAINE: in 2021, MTPL insurers settled a record number of claims from victims of road accidents
by Marina MAGNAVAL, 2022-03-22
According to the MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2021, the number of concluded MTPL contracts amounted to 9 million units, which means a y-o-y increase of 12.7%, and GWP volume reached UAH 7.2 billion (+17.2%)/~EUR 0.23 billion*, the Bureau reports.

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Poste Assicura bolsters capital framework with URS's Risk Explorer Solvency II platform
by press.release, 2022-03-21
URS today announced that Poste renewed licenses for the Risk Explorer Dynamic Financial Analysis (DFA) platform, along with SF-Explorer, the Standard Formula tool to help with optimization of ceded reinsurance arrangements.

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ON THE MOVE

Luciano Cirina, Donnet's competitor at the helm of the Generali group, suspended
by Daniela GHETU, 2022-03-24
Assicurazioni Generali has informed on 23 March that it has suspended Mr. Luciano Cirina, Austria & CEE (ACEE) Regional Officer, with immediate effect and until further notice. Giovanni Liverani, CEO of Generali Deutschland, will take over as interim ACEE Regional Officer with immediate effect.

Ales BLAZEK is the new CEO at CSOB, Czech Business Unit of KBC Group
by Andrei Victor, 2022-03-21
Belgian financial group KBC announced that John HOLLOWS, CEO Czech Business Unit will retire after a career of nearly 26 years with KBC. At the same time, the Board of Directors has appointed Ales BLAZEK, the current CEO of KBC Bank Ireland, to the Executive Committee and successor to John HOLLOWS as CEO of the Czech Business Unit.

The head of Zavarovalnica Sava to continue his career at Grawe
by Andrei Victor, 2022-03-21
David KASTELIC, the long-time President of the Management Board of Zavarovalnica Sava and former Zavarovalnica Maribor, will continue his career at Grawe zavarovalnica, local media wrote.

Achmea appoints Michiel DELFOS as CRO & Board Member
by Andrei Victor, 2022-03-21
Dutch insurer Achmea announced that Michiel DELFOS will be appointed as a member of the Executive Board and Chief Risk Officer with effect from 12 April 2022. "He fills the vacancy that arose after Henk TIMMER recently stepped down. (...) Michiel's appointment will be discussed during Achmea's General Meeting on 12 April 2022".

Board change at KBC Group
by Andrei Victor, 2022-03-21
Belgian financial group KBC informed the Board of Directors has decided to propose Alicia Reyes REVUELTA to the General Meeting of Shareholders as new non-executive, independent director on the Board of Directors of KBC Group and member of the Audit Committee and the Remuneration Committee of KBC Group.

ERGO Group expands Board of Management
by Andrei Victor, 2022-03-21
German insurance group ERGO announced the Supervisory Board of ERGO Group AG has appointed Lena LINDEMANN to the company's Board of Management with effect from 1 July 2022. The appointment is subject to approval by the supervisory authorities.

The retired GE head joins AIG's BoD
by Andrei Victor, 2022-03-21
American International Group (AIG) announced that its Board of Directors has elected John RICE as a Director of the company, effective March 17, 2022. John RICE (65) is the retired Chairman of GE Gas Power and former President and Chief Executive Officer of the GE Global Growth Organization.

Changes in the ERGO HESTIA Management Board
by Andrei Victor, 2022-03-24
ERGO HESTIA, one of the largest insurers in Polish insurance market announced that, after 31 years, its Vice President - Grzegorz SZATKOWSKI will leave the company.

STAND BY UKRAINE

Euroins Insurance Group successfully evacuated its employees and their relatives from Ukraine to Bulgaria
by Daniela GHETU, 2022-03-23
A group of 80 Ukrainian citizens - mostly women and children, as well as elderly people - employees of Euroins Insurance Group (EIG) and their relatives has been successfully evacuated by EIG from Ukraine and already arrived in Bulgaria, in good health and physical condition, the Group has announced.

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Hungarian insurers take over most of the Ukrainian border insurance fee
by Andrei Victor, 2022-03-21
Due to the Ukraine-Russia conflict, MABISZ - the Association of Hungarian Insurers informed it has taken initiative towards Ukrainian refugees arriving in the country by car.

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Munich Re withdraws from Russian business
by Daniela GHETU, 2022-03-22
Munich Re supports the sanctions against Russian economy. The Group will not renew existing contracts in Russia and Belarus, and new business has been suspended. The Group will do the same with its investments in the region, the German reinsurer said in a press statement.

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STATISTICS

STATISTICS: POLAND, FY2021: positive evolution, mainly supported by the non-life business lines
by Daniela GHETU, 2022-03-24
The Polish insurance market saw a 9.5% y-o-y increase in the total GWP, to EUR 15.05 billion. Paid claims increased at a lower pace, reaching EUR 8.98 billion, 4.5% more y-o-y. The non-life sector, in particular the property and motor insurance lines provided for most of the market's business growth.

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STATISTICS: MOLDOVA, FY2021: insurers' business expanded by more than 31% y-o-y (in local currency)
by Marina MAGNAVAL, 2022-03-22
The insurance sector of Moldova ended 2021 with an increase of 31.58% (in local currency) - total GWP reached MDL 1.92 billion (EUR 95.87 million). At the same time, paid claims increased by only 11% to MDL 662 million, according to the data published by the National Financial Market Commission.

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VIG

Omniasig

ERGO


EVENTS

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


DIA - Next Level Insurance Innovation in the Age of Data
Location: Online
Starting date: 26 April 2022
Organizers: DIA & the University of St.Gallen's Institute of Insurance Economics
Media Partner: XPRIMM Publications
For details: digitalinsuranceagenda.com

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

FIAR - THE INTERNATIONAL INSURANCE-REINSURANCE FORUM
23rd Edition 22 - 24 May 2022 Sheraton Hotel Bucharest, Romania
MAA Webinars: Estimating claim liabilities in the North Macedonian market Organizers:
Macedonian Actuarial Association
Association Actuaires du Monde
Sessions:
21 April 2022, 14:00 CET until 17:30 CET
11 May 2022, 14:00 CET until 17:30 CET
2 June 2022, 14:00 CET until 17:30 CET
22 June 2022, 14:00 CET until 17:30 CET
More details here

DIA Amsterdam 2022
Taets Art & Event Park.
29-30 June, 2022
Organizers: Reggy de Feniks and Roger Peverelli
Media Partner: XPRIMM Publications
For details: https://www.digitalinsuranceagenda.com


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