The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased the cost of Green Card policies for those traveling abroad by 26.3% effective July 26, 2022. At the same time, the cost of these policies last changed on July 18, 2022, downward by 4.4%, Forinsurer wrote.
Poland ranked 26th in Europe and 43rd in the world in the road infrastructure quality ranking. Among the European countries, Poland only overtook Bulgaria, Turkey, Romania, and Croatia. The quality of roads was better assessed in Slovakia, Hungary, Lithuania, and the Czech Republic, Gazeta Ubezpieczeniowa reports.
The solvency ratio of the insurance sector as of July 1 of this year was 4.6 with a minimum value of 1, although it decreased compared to the beginning of 2022 under the influence of external shocks (as of January 1, 2022 - 6.3).
The insurance sector of Georgia has been waiting for the approval of the draft law on MTPL introduction for more than three years now. This draft law was registered in Parliament on December 31, 2018, but discussion has not yet begun. Experts expect the process to start this year, Business Georgia wrote.
NN Group, ABN AMRO Bank and their joint venture AAV (ABN AMRO Verzekeringen) announced that they have completed the sale of the life insurance subsidiary of AAV to NN Life & Pensions.
Global re/insurance broker MMC (MARSH McLENNAN) reported consolidated Q2 2022 revenue worth USD 5.4 billion, an increase of 7% compared with the second quarter of 2021. On an underlying basis, revenue increased 10%. Operating income was USD 1.4 billion, an increase of 11% from the prior year.
The Board of Directors of Assicurazioni Generali announced the co-optation of Stefano Marsaglia as a member of the Board, following the resignation of Francesco Gaetano Caltagirone.
AXA announces the appointment of Alexander Vollert, AXA's Chief Operating Officer and CEO of AXA Group Operations (AXA GO), as a member of the Group's Management Committee, effective September 1st.
AXA announced that AXA Germany has entered into an agreement with Athora Deutschland GmbH, a licensed insurer in Germany, to sell a portfolio of EUR 16 billion of life and pensions insurance reserves in Germany.
Generali has appointed Manlio Lostuzzi as the Regional Officer of the Central Eastern Europe region, effective as of 1st September 2022. The region is part of the International Business Unit, headed by CEO Jaime Anchustegui.
Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group (EIG), the insurance subholding of Eurohold. They are Todor Danailov, Kremena Pateva and Prasun Singhal.
On July 18, the Polish Financial Supervision Authority (KNF) published the final version of its recommendations regarding claim settlement in motor insurance. This will replace the ones adopted in December 2014. It is expected that the recommendations will be applied by insurance companies no later than November 1, 2022, Gazeta Ubezpieczeniowa reports.
The summer season in Latvia is the most intensive time for road repairs. According to BALTA (PZU Group), during the summer months the number of claims for damaged car windshields increases almost twice. This year, the insurance company has already paid out over EUR 1.7 million to car owners for windshield damage, the Latvian Insurers' Association (LAA) reports.
The Croatian Insurance authority has published its new report "Insurance Market in the Republic of Croatia for 2021", introductory part of which provides an overview of the basic general and macroeconomic indicators for the Republic of Croatia in 2021, as well as an overview of trends in the insurance market for the period 2005-2021, svijetosiguranja.eu wrote.
The insurance market continued to grow steadily in the first quarter of 2022. Considering that the data also covers the first month of the war in Ukraine (March), it can be said that the market demonstrates its solid foundation and resilience, the Association of Bulgarian Insurers (ABZ) wrote.
From January to June 2022, compulsory health insurance in Azerbaijan increased by 44.4% compared to the same period last year, reaching AZN 385.78 million (EUR 216.73 million), Trend.wrote.
MTPL loss ratio in Armenia in the first half of 2022 decreased to 65% from 81% in the same period of 2021, which is even lower than the pre-Covid level of 73% in 2019, ArmInfo wrote.
In Q1 2022, the five life insurance companies operating in North Macedonia concluded 14,000 new contracts with over 20,000 citizens insured. Premiums reached MKD 494 million/EUR 8 million, data provided by the ISA (Insurance Supervision Agency) show.
According to the data of Lietuvos draudimas, homeowners already suffered insured losses that exceeded EUR 6 million in the first quarter of this year. This is exactly the amount that was paid to the customers, and is 20% less y-o-y, draudimas.lt wrote.
According to the Croatian Insurance Authority, in June the market totaled HRK 6.88 billion (~EUR 0.91 billion), which is 7.53% more compared to 2021, osiguranje.hr reports.