News - Insurance
COB reminds that from 2025 Green Cards will be accepted in electronic format
COB, formerly known as the Council of Bureaux, has confirmed that ‘Green Cards’, also known as International Motor Insurance Certificates (IMIC), can be accepted in electronic PDF format from the beginning of 2025, in all countries within the Green Card circulation area.
11 April 2024Antares syndicate launches credit and political risks consortium
Antares Global, the multinational group of insurance and related service companies, announced that Antares syndicate 1274 has launched a consortium for the underwriting of credit and political risk insurance.
11 April 2024STATISTICS: BELARUS, FY2023: voluntary insurance generates over 65% of the total premiums
In 2023, total GWP of insurance organizations amounted to BYN 2,215.8 million (EUR 626.60 million), which is 20.42% more y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.
9 April 2024STATISTICS: Cyprus insurance market increased to EUR 1.3 billion in 2023
Cypriot insurers reported FY2023 aggregate GWP of EUR 1.31 billion, up by 13.3% y-o-y, according to the year-end market figures report published by the Insurance Association of Cyprus - IAC.
9 April 2024STATISTICS: SAVA is the biggest insurers in Kosovo in 2023
The insurers owned by Slovene insurance group SAVA and Austrian UNIQA are, in terms of FY2023 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2023 Annual Report.
9 April 2024STATISTICS: UKRAINE, FY2023: motor insurance remains the leader among insurance classes in terms of premiums
GWP of Ukrainian insurers in 2023 increased by 18.68% to UAH 47 billion (EUR 1.11 billion), as data published by the National Bank show. At that UAH 28.76 billion were received from individuals, UAH 17.2 billion - from legal entities, and UAH 1.06 billion - from reinsurers.
9 April 2024Croatia Osiguranje to distribute a dividend of EUR 116.37 per share (EUR 50 million in total)
Croatia Osiguranje, the country's top insurer, will propose to its shareholders to distribute a dividend of EUR 116.37 per share on preferred and ordinary stock, or almost EUR 50 million in total, SeeNews said.
9 April 2024KAZAKHSTAN: property damage because of floods may exceed KZT 6 billion
As a result of recent floods in the west and north of Kazakhstan, property damage to the population may exceed KZT 6 billion (~EUR 12.43 million), Eurasia company said on its website.
9 April 2024SERBIA: Dunav osiguranje receives "My Choice" award for 2024
According to the votes of Serbian consumers, among 1,000 domestic products and brands, Dunav osiguranje was awarded "My Choice" in the "Insurance Companies" category.
9 April 2024UKRAINE: the credit rating of the TAS group confirmed at uaAA
The rating committee of the "Credit-Rating" agency decided to confirm the long-term credit rating of the TAS insurance group according to the National Rating Scale at uaAA.
9 April 2024Triglav: 2023 results affected by one-off events, operations expected to normalize in 2024
The Slovene re/insurance group Triglav informed in a statement that its Supervisory Board approved the Audited Annual Report for 2023. According to the Report, Triglav Group increased its total business volume by 12% to EUR 1,780.2 million in 2023, while maintaining its financial stability and high capital adequacy.
9 April 2024ESG IN INSURANCE Conference: Generali’s vision on promoting a culture of sustainability among SMEs
Leonardo MEOLI, Head of Sustainability Business Integration, Generali Group has confirmed his presence at the ESG IN INSURANCE Conference, in Vienna, to talk about Generali’s commitment to sustainability and boost “just transition” among European’s SMEs.
4 April 2024Only a few seats still available for the AM Best’s CEE Insurance Market Briefing – Vienna! Register now!
Join market participants from across the Central and Eastern Europe (CEE) insurance markets at AM Best’s CEE Insurance Market Briefing – Vienna on Wednesday, 17th April 2024, under the conference theme of Insurers "Navigating Geopolitical and Emerging Risks".
4 April 2024STATISTICS: ROMANIA, FY2023: positive dynamic despite the limitations imposed on MTPL prices
Romanian insurers (companies domiciled in the country) ended 2023 with GWP worth EUR 3.65 billion, up by 9.45% y-o-y. At the same time, paid claims decreased y-o-y by about 1.7%, to EUR 1.55 billion, data provided by the market authority (ASF) show.
4 April 2024Starting July 1st, Andreas BERGER will take over Christian MUMENTHALER’s place as Swiss Re Group CEO
Swiss Re announced that Andreas BERGER will become Group CEO, effective 1 July 2024, taking over from Christian MUMENTHALER, who will step down.
4 April 2024Aon’s CFO Christa DAVIES to retire in 2025
Aon plc, a leading global professional services firm, announced that Christa DAVIES, executive vice president and chief financial officer (CFO) for Aon, has decided to retire in 2025 after more than 16 years at the firm.
4 April 2024CROATIA: 83% of premiums in January-February collected in non-life insurance
In the first two months of 2024, 14 insurance companies, operating in Croatia, collected EUR 287.0 million, of which EUR 48.7 million (17%) came from life insurance, and EUR 238.3 million (83%) – from non-life insurance, HANFA – the Croatian FSA, said.
4 April 2024AXA’s Climate's Climate School will train the group’s individual shareholders on the challenges of climate change
AXA announced the roll-out of its Climate's Climate School, a training offer on the challenges of climate change to its individual shareholders, thus confirming its ambition to be a responsible player in society in the face of environmental challenges.
4 April 2024STATISTICS: Slovakia: insurers' business increased to almost EUR 2 billion according YE2023 NBS data
At the end of 2023, the Slovak insurance market totaled EUR 1.95 billion, 1% more y-o-y, according to the Q4 2023 Data of the Financial Sector published by the National Bank of Slovakia (NBS).
2 April 2024STATISTICS: Czech market expanded to EUR 8.6 billion according CNB data
The Czech insurance market totaled CZK 213.15 billion (EUR 8.62 billion) at the end of 2023, up by 6.52% y-o-y, according to the year-end figures published by the Czech National Bank (CNB).
2 April 2024
