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Ireland is preparing to welcome re/insurers leaving the UK in the Brexit aftermath
Ireland, already a key player in the global insurance and reinsurance industry and widely recognised as one of the best locations to establish European headquarters operations, may get a strong influx of insurers seeking for a new European home providing for the EU "passporting" rights in the Brexit aftermath. Preparing for such an eventuality, the Irish Central Bank has increased its staff numbers by more than a quarter, in order to cope with a possible wave of applications from London-based insurers. Continuare
CHUBB appoints A&H, consumer lines heads in Germany
CHUBB announced the heads of its Accident and Health (A&H) and Specialty Personal Lines (SPL) insurance business lines in Germany. The appointments reflect the current integration process following the acquisition of CHUBB by ACE and follow the recent announcement the property and casualty and claims department heads as well as that of Andreas WANIA as Country President and legal representative for CHUBB in Germany earlier in the year. They are Alexander HOFFMANN and Alexander LAPP. Continuare
AEGON to appoint Matthew RIDER as CFO
AEGON announced that its Supervisory Board intends to nominate Matthew J. RIDER (1963, US Citizen) for appointment as CFO and member of the Executive Board at its Annual General Meeting of Shareholders on May 19, 2017. The appointment is subject to approval by the Dutch Central Bank (DNB). Continuare
Register now at the Winning Digital Marketing Financial Services Conference! XPRIMM readers benefit from up to GBP 280 discount!
How are leading financial services staying up to date with industry innovations and future technologies to capture the customer and maximise digital marketing performance? Find out at the annual Winning Digital Marketing Financial Services Conference on 21 March 2017 in London. XPRIMM Publications support the event as Media Partner, and XPRIMM readers benefit from a discount between GBP 150 and GBP 280. Continuare
SOMPO CANOPIUS announced on November 23th that Stuart DAVIES is stepping down from his role as Group CEO and all other related responsibilities, effective immediately. Michael WATSON, founder and currently Non-Executive Chairman of SOMPO CANOPIUS, will become Executive Chairman. Continuare
XL Catlin appoints Vincent BRANCH as Chief Executive of innovation division
XL Catlin announced the appointment of Vincent BRANCH as Chief Executive for Accelerate, its new expert team focused on innovation and insurtech. Accelerate is led by XL Catlin's former Chief Underwriting Officer for Insurance, Paul BRAND. Continuare
TALANX announced personnel changes in the Management Boards of PB insurers
German insurer TALANX announced that the Supervisory Board has appointed Dominik HENNEN to the Management Boards of PB Versicherung AG and PB Lebensversicherung AG with effect from 1 January 2017. He succeeds Achim ADAMS and will then be responsible for the sales portfolio.  Continuare
Ilhami KOC takes over the ANADOLU Sigorta's CEO position
ANADOLU Sigorta has appointed Ilhami KOC as CEO, following the retirement of Mr. Musa ULKEN, after 38 years of successful career, effective October 31st. Continuare
David J. ROTHENBERG joins MetLife Investment Management team
MetLife, Inc. announced that it has hired David J. ROTHENBERG as Managing Director and Global Head of the Institutional Client Group of MetLife Investment Management (MIM). ROTHENBERG will be focusing primarily on institutional sales. Continuare
Steven REISS appointed Executive Vice President of CHUBB
CHUBB has appointed Steven REISS as Executive Vice President, Real Estate & Hospitality (REH) Industry Practice Leader. Steven REISS will be based in New York and will report to Chris MALENO, President, North America Major Accounts Division, CHUBB. He succeeds Andrew HURLEY, who sadly passed away in October. Continuare
IIF 2017: Equipped with the latest digital technologies, motor insurers may be of real help in decreasing the number of road victims
Over 26,000 people were killed on the EU roads last year, a decreasing number as compared with the 2010 statistics which show a total of 31,400 people deaths as the result of vehicle crashes. The European Commission's efforts are directed to reducing this number to as much as 16,000 by 2020. According to statistics, 2015 marked an increase in the number of people killed on roads for the first time since 1997. Continuare
ECPC 2017: Speed an ease of access vs. fair consumer protection: an actual issue in the automated distribution area
The insurance sector, which has been previously slow to take up digital and relied on mainframe technology for decades, is now living a real "revolution", rapidly adopting customer-friendly digital technology such as mobile apps. Insurers are increasingly using apps to serve customers who want instant and easy access to insurance services. Continuare
CCN and Verisk cooperate to improve the European customers' insurance claims experience
Claims Corporation Network (CCN), a European TPA Claims Management Service firm has announced that it has chosen to integrate the ground-breaking live video collaboration technology, ClaimXperience, into its EU operations. ClaimXperience is a product of Verisk Analytics Inc. ("Verisk"), a leading global data analytics company focused on modernising the insurance industry. Continuare
Insurance Fraud & Digital Transformation Survey 2016 Report by FRISS released
"Insurers use telematics most often for risk-based pricing and to stimulate safe driving behavior. Gaining claim information is not a priority," reveales the "Insurance Fraud & Digital Transformation Survey 2016" report published by FRISS. Continuare
Lloyd's: New appointments for the positions of Strategy & Change Director and Chief Risk Officer
Lloyd's announced on 15 November that Paolo VAGNONE, ex Head of Global Business Lines with Assicurazioni GENERALI, has been appointed to the newly created role of Strategy & Change Director. Lloyd's also confirmed Hilary WEAVER in the role of Chief Risk Officer, with responsibility for risk governance and for Lloyd's regulatory and government affairs. Continuare


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
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
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
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
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
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
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
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
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
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.
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
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
MOLDOVA 3Q2015: Stagnation in GWP, decreasing claims expenses
The GWP, in the first nine months, by the 15 Moldavian insurance companies active on the local market, totaled MDL 909.25 million (EUR 44.16 million), up by 1% y-o-y, according to the official data published by the National Commission of Financial Market of Moldova. Continuare
MOLDOVA: In 1H2015 the share of mediated premiums by the brokerage companies rose to 31.3% of the total volume of GWP
In the first half of 2015, the premiums mediated by the Moldavian insurance brokerage companies went up by 13% y-o-y, to MDL 179.35 million, according to the official data published by the National Commission of Financial Market of Moldova. Continuare
MOLDOVA: Development of the risk-based supervision system of the non-banking financial markets supported by an EUR 1.3 million EU contribution
The European Union has launched a new Twinning Project in the field of prudential regulation and supervision of the non-banking financial market in Moldova, according to the official press-release published by the National Commission for Financial Markets. The project is financed by the European Union to the tune of EUR 1.3 million. Continuare


IIF 2015 - Property Insurance in a Stormy Era

FIAR 2015 Conferences and Interviews

IIF 2015 - Motor Insurance - The road towards profitability

European Conference on Consumer Protection in Financial Services 2015

Baden-Baden Meetings 2014

FIAR 2014 Conferences and Interviews

IIF 2014 - The International Insurance Forum

European Conference on Consumer Protection in Financial Services

Baden-Baden XPRIMM Reception 2013

IIF 2013 - Motor Insurance

FIAR 2013 Conferences and Interviews

Interview of the week
Chairman of the Supervisory Board

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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