Insurance Newsletter No. 589, 07 April 2022
www.xprimm.com
TOP NEWS

Six weeks to FIAR 2022. See who are the speakers!
by Daniela GHETU, 2022-04-07
Six weeks before its debut, the 23rd edition of FIAR - the International Insurance-Reinsurance Forum aligns an exceptional team of international speakers for the four highly informative conferences in its agenda. FIAR 2022 will take place in Bucharest, at the Sheraton Hotel, on 22-24 May, in a hybrid format.

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Vienna Insurance Group launches cooperation with GROPYUS to provide ecosystem for sustainable and affordable housing
by Daniela GHETU, 2022-04-07
Vienna Insurance Group (VIG) has signed a cooperation agreement with Vienna-based international PropTech company GROPYUS. VIG Group is supporting GROPYUS with insurance, assistance services, financing, and the company's planned expansion to Central and Eastern Europe.

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Eurohold owns 99% of CEZ Distribution and 97% of CEZ Electro
by Andrei Victor, 2022-04-04
The energy subholding of Eurohold Bulgaria AD - Eastern European Electric Company B.V. (EEEC), which acquired CEZ Group's companies in Bulgaria in 2021, lifted the stake it holds in the capital of CEZ Distribution Bulgaria AD and CEZ Electro Bulgaria AD to nearly 99% and 97%, respectively.

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ALBANIA: in the first two months of the year, non-life recorded a decrease, while life insurance grew
by Marina MAGNAVAL, 2022-04-05
In January-February 2022, GWP of Albanian insurers decreased by 0.82% y-o-y, reaching ALL 2.8 billion (EUR 22.7 million), SeeNews reports citing official figures.

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BULGARIA: Life Insurance - Protection and Investment. Bulgaria ON AIR and ABZ bring together leading experts in a discussion on life insurance on April 10
by Marina MAGNAVAL, 2022-04-05
The organizers of the debut project "Life Insurance - Protection and Investment" are ABZ (Association of Bulgarian Insurers) and Bulgaria ON AIR, the discussion will be broadcast on April 10 at 17:30, the Association said.

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Bosnia and Herzegovina: ASA Osiguranje's net profit grew more than 27% y-o-y in 2021
by Marina MAGNAVAL, 2022-04-05
Net profit of the Bosnian insurer ASA Osiguranje increased 27.3% y-o-y in 2021 to BAM 3.2 million (EUR 1.6 million), SeeNews informed.

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Serbia: Vienna Insurance Group founds assistance company
by Daniela GHETU, 2022-04-07
The planned foundation of Global Assistance Belgrade in April 2022 will raise the number of the Group's own digital customer service companies assisting Vienna Insurance Group (VIG) customers in already 11 markets. The new assistance company is set to be fully operational by the end of 2022.

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Revolut joins forces with Allianz Partners to expand travel insurance services offered to its Premium or Metal Account customers
by Daniela GHETU, 2022-04-07
As of April 2022, Allianz Partners will provide its comprehensive travel insurance services to customers of the global financial super-app Revolut who hold a Premium or Metal Account, initially in 31 markets across The EEA and the UK.

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Euler Hermes became Allianz Trade aiming to better benefit from the reputation and strength of the Allianz Group
by Daniela GHETU, 2022-04-07
On 29 March Euler Hermes, the world leader in trade credit insurance, operating in 52 countries, became Allianz Trade - a natural move as it has been fully part of the Allianz Group since 2018. The company will benefit even more from the reputation and strength of the Allianz Group

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Generali controls its Indian life joint venture with 68% stake
by Andrei Victor, 2022-04-04
Italian insurer Generali announced it now controls its life joint venture in India with 68% stake after it completed the acquisition of the entire stake (around 16%) held by Industrial Investment Trust Limited (IITL) in Future Generali India Life (FGIL) and the subscription of additional shares in FGLI, following receipt of all necessary approvals from the relevant regulatory and competition authorities.

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AZERBAIJAN: in January-February the market rose 11% y-o-y
by Marina MAGNAVAL, 2022-04-04
For the first two months of 2022, GWP of 20 insurance companies in Azerbaijan amounted to AZN 178.30 million (~EUR 93.65 million*), which is 11.1% more y-o-y. At that the insurers collected AZN 143.13 million (+21.6%) in voluntary insurance, ABC.AZ reports citing the Central Bank's figures.

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MOLDOVA: in the spring of 2022, the number and size of agroinsurance contracts dropped sharply
by Marina MAGNAVAL, 2022-04-04
According to the information of brokers of insurance companies in Moldova, in the spring of 2022, the number and size of insurance contracts concluded by agricultural producers dropped sharply. Among the reasons, there is a decrease in industry profitability throughout the 2021-2022 season, as well as a sharp rise in the cost of all production resources in late 2021 and early 2022, EastFruit reports.

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UZBEKISTAN: for the period from 2016 to 2021, GWP of UZBEKINVEST increased five times
by Marina MAGNAVAL, 2022-04-04
According to preliminary data, at the end of 2021, UZBEKINVEST remained the market leader in terms of GWP, having collected UZS 385 billion (EUR 31.49 million*), gazeta.uz informed.

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STATISTICS

STATISTICS: Bulgarian insurers' YE2021 net profits expanded by 65% y-o-y to EUR 145 m
by Andrei Victor, 2022-04-06
Bulgarian insurance market ended 2021 with a total GWP of BGN 3.24 billion (EUR 1.66 billion), up by 12.73% y-o-y, according to the market figures from the Bulgarian Financial Supervision Commission (FSC).

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STATISTICS: GEORGIA, FY2021: the market expanded by almost 16% y-o-y (in local currency)
by Marina MAGNAVAL, 2022-04-06
The Georgian insurance market ended 2021 with an increase of almost 16% - GWP amounted to GEL 772.66 million (EUR 220.51 million), according to the Georgian Insurance Supervision Service.

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ON THE MOVE

Tomas Milasius is the new Chairman of the Management Board of Compensa Life Vienna Insurance Group SE
by Daniela GHETU, 2022-04-07
Starting 1 April, Tomas Milasius took over the management of Compensa Life Vienna Insurance Group SE, the life and health insurance services provider of the Austrian Group in the Baltic States.

Allianz Board Member joins new UN Advisory Council focused on accelerating climate action
by Andrei Victor, 2022-04-04
German insurer Allianz announced that Gunther THALLINGER, Board Member - joined the new UN Advisory Council focused on accelerating climate actions - being one of the 16 experts of High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities (HLEG).

Generali terminate the employment of the suspended ACEE Regional Officer
by Andrei Victor, 2022-04-04
Italian insurer Generali announced its Board of Directors has taken the decision to terminate the employment of Luciano CIRINA, Austria & CEE (ACEE) Regional Officer, with immediate effect.

Guy Carpenter appoints Julian ENOIZI as Global Head of Public Sector
by Andrei Victor, 2022-04-04
Guy Carpenter - the global risk and reinsurance specialist and a business of Marsh McLennan, announced the appointment of Julian ENOIZI as Global Head of Public Sector, effective April 11, 2022.

MMC names Mikhail VANYO General Counsel of Marsh
by Andrei Victor, 2022-04-04
Marsh McLennan (MMC) announced the appointment of Mikhail VANYO as General Counsel of Marsh, effective immediately.

SCOR Syndicate appoints Marie BIGGAS as Active Underwriter
by Andrei Victor, 2022-04-04
SCOR's 100% backed SCOR Syndicate announced the appointment of Marie BIGGAS as Active Underwriter and Chief Underwriting Officer of SCOR UK, subject to regulatory approval.

Vanessa MAXWELL appointed Global Head of Financial Lines at AGCS
by Andrei Victor, 2022-04-04
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, announced the appointment of Vanessa MAXWELL as new Global Head of Financial Lines.


VIG

Omniasig

ERGO


EVENTS

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 Edition22 - 24 May 2022Sheraton HotelBucharest, 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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