News - Insurance

STATISTICS: CEE markets agregate GWP exeeds EUR 30 bn at end-September 2021

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 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).

Willis Towers Watson to rebrand as WTW, combined with the company's new Nasdaq ticker symbol

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.

MMC appoints Moreland MURRAY as CIDO

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.

KAZAKHSTAN: in 2021, the insurance sector saw a recovery growth in all key parameters

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), writes citing

Lloyd's appoints Dawn Miller as Commercial Director

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.

Europ Assistance acquires Call 365 to create EA Slovenia

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.

RUSSIA: SberLife Insurance made over 100,000 payments for credit insurance in 2021

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.

STATISTICS: Polish insurers posted Q3 aggregate profits of over EUR 1 bn

Polish insurance market totaled PLN 50.9 billion (EUR 10.9 billion) at the end of September 2021, up by almost 7% y-o-y, according to the quarterly market figures published by The Polish Financial Supervision Authority (KNF). Claims and benefits paid by local insurers increased by 2.9% y-o-y to PLN 30.2 billion or ~EUR 6.5 billion.

STATISTICS: Slovenian market exceeds EUR 2 bn at end-September 2021

The Slovenian insurance market totaled EUR 2.03 billion in the first nine months of 2021, a 3.29% increase y-o-y, according to the Slovenian Insurance Association's Q3 report. In terms of paid claims, the aggregate value was ~EUR 1.18 billion, of which about EUR 387 million - life indemnities and EUR 803 million - payments related to non-life insurance sub-classes.