News - Insurance
STATISTICS: SLOVENIA, 1H2024: changes in the health insurance have shaken the market results
The Slovene insurance market fell by 10.37% in the first half of 2024, consolidated GWP reaching EUR 1.45 billion. Life insurance GWP increased by 8.2%, to EUR 444.27 million, most of the increase coming from the traditional life insurance lines (EUR 60.65 million), while the Unit-Linked line contributed with about EUR 18 million.
STATISTICS: SERBIA 1Q2024: paid claims grew faster than GWP
Serbian insurers ended 1Q2024 with total GWP worth RSD 41.69 billion (EUR 355.96 million), which is 16% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
Poland: 42,000 claims already processed after the floods in the southern part of the country
As of September 30, 2024, in response to the floods in southern Poland, insurance companies have paid full compensations, uncontested amounts, or advances to 42,500 [updated as of October 10, 2024] owners of damaged homes and apartments, the Polish Chamber of Insurance said.
Argenta strengthens D&F Property team with appointment of Sarah Reeve as Senior Underwriter
Argenta announced the appointment of Sarah Reeve as Senior Property Underwriter. Based in London, Sarah joins Hannah Wyatt, Unit Head of Open Market Property, and James Blackwell, Divisional Head of Property, to further develop Argenta’s D&F Property portfolio.
HUNGARY: Drunk driving is an offense that applies to electric scooters users too
According to a survey conducted this summer, there are 100,000 electric scooters on the Hungarian roads, includes private vehicles and scooter-sharing providers in major cities, Hungary Today wrote referring to a decision of the Criminal Chamber of the Budapest-Capital Regional Court of Appeal.
Vienna Insurance Group (VIG) celebrates 30 years on the Vienna Stock Exchange
On 17 October 1994, Vienna Insurance Group (VIG), at that time trading as Wiener Städtische Versicherung, was listed on the Vienna Stock Exchange for the first time, a move that underpinned VIG’s growth to become the leading insurance group in the CEE region. Since the IPO, VIG has paid a dividend to its shareholders every year without exception.
STATISTICS: ex-USSR, 1H2024: premiums increase by more than 22% in euro
The regional insurance market of the former USSR countries* in the first half of 2024 in euro grew by 22.22%, total GWP amounted to EUR 17.57 billion, according to xprimm statistics.
Allianz named one of the 30 most valuable brands in the world
For the first time, Allianz has been named one of the 30 most valuable brands in the world, moving up two places to the 29th position in this year’s Best Global Brands ranking from Interbrand, the company said in its press release.
Aon names Emma Crookes as global head of the insurance vertical
Global re/insurance broker Aon announced that Emma Crookes was named as global head of the insurance vertical. The insurance vertical delivers the full range of Aon’s capabilities to re/insurance clients with more relevant and impactful insight and solutions to meet their strategic goals and enable better business decisions.
Bosnia and Herzegovina: DORS 2024 to focus on challenges and innovations in the insurance industry
On October 22 and 23, Banja Luka will host the third "Days of Insurance of the Republic Srpska" (DORS) conference, which is a central event for experts in the field of insurance, as well as all those who want to follow the latest trends and innovations in this industry, osiguranje.hr said.
CROATIA: Croatia osiguranje and OVB Allfinanz Hrvatska sign a cooperation agreement
A cooperation agreement was signed between Croatia osiguranje and OVB Allfinanz Hrvatska, to further enrich OVB's portfolio of products and services, svijetosiguranja.eu reports.
Groupama’s 1H2024 premium income stands at EUR 12 billion, up by 8.7%
French insurer Groupama reported that as at 30 June 2024, Groupama’s combined premium income stood at EUR 12.0 billion, which indicates an 8.7% increase y-o-y. The increase came from property and casualty insurance (+5.0%), health and personal protection insurance (+10%), and savings and pensions (+20.7%).
KAZAKHSTAN: experts discussed introduction of catastrophic risk insurance in Kazakhstan
Based on the study of international experience and analysis of the insurance market of Kazakhstan, it was decided to introduce mandatory catastrophic risk insurance in the republic.
KAZAKHSTAN: voluntary property insurance of motor vehicles decreased by 10% from January to August
From January to August of this year, voluntary property insurance of motor vehicles in Kazakhstan amounted to KZT 67.9 billion (~EUR 128 million), which is 10.1% less y-o-y, Kapital.kz writes.
Optio Group appoints Marc Van der Veer as MD, Europe
Optio Group, a leading specialty MGA, announced the appointment of Marc Van der Veer to the newly created role of managing director, Europe, effective immediately.
AZERBAIJAN: Life insurance grows by 17% in the first eight months of the year
In the first eight months of 2024, life insurance premiums amounted to AZN 417.5 million (~EUR 222 million), while paid claims reached AZN 329 million (EUR 175 million), ABC.AZ reports with reference to the Central Bank.
Insurance: a cornerstone of cyber risk management. Adapting to risks in a rapidly changing digital landscape
The dynamic adaptation of advanced technologies, new digital services and applications is an integral part of our digitalised world. Cybercriminals and other threat actors are taking advantage of the increasing interdependencies and interconnectedness that are being created. In this context, cyber insurance has become an established part of risk management, but it requires a greater contribution from all stakeholders in society.
SCOR announced it has entered into exclusive negotiations with the Albin Michel group for the sale of the Humensis group
SCOR announces that it has entered into exclusive negotiations with Huyghens de Participations, the holding company of the Albin Michel group, for the sale of its stake in the capital of Humensis.
STATISTICS: ex-USSR, 1Q2024: Kazakhstan leads in premium growth, Kyrgyzstan - in paid claims
The regional insurance market of the former Soviet Union* countries ended the first quarter of 2024 in euros with a 5.63% decline, with the total premium volume amounting to EUR 7.62 billion, according to
STATISTICS: CYPRUS 1H2024: Steady evolution in both non-life and life insurance sectors
The insurance industry in Cyprus continued its upward trend in the first half of 2024, with total GWP amounting to EUR 631.8 million (+7.8% y-o-y), according to recent data from the Insurance Association of Cyprus - IAC.
17 October 2024