A rise in health insurance premiums, which is largely attributed to cost increases by health care providers, has negative effects on both insureds and intermediaries, insurancedaily.gr writes.

In 2023, the ombudsman of the Latvian Insurers Association (LAA) received 44 customer complaints about insurance services. The largest number of complaints were about property insurance (18), the Association said.

The market results achieved in 2023 complete a process of continuous three-year growth of the insurance industry.

On March 1, 2024, the President of the Republic of Uzbekistan adopted a resolution “On comprehensive measures for the further development of the insurance market”, which introduces several innovations in insurance, the National Agency for Prospective Projects of Uzbekistan reports.

New analysis by the UK’s largest home insurer, Aviva, reveals that one in thirteen (8%) new homes built in England in the last ten years are in a flood zone, the equivalent of almost 110,000 homes.

The French reinsurer SCOR informed it achieved a record full year 2023 net income of EUR 812 million, due to the Q4 2023 performance.

Based on preliminary figures, German insurer Talanx informed it is expecting Group net income of EUR 1.58 billion. This clearly surpasses the original annual target of approximately EUR 1.4 billion. Insurance revenue rose to EUR 43.2 billion (vs. EUR 39.7 billion).

According to the preliminary 2023 financial results, Austrian insurance group UNIQA posted strong premium growth (+9.7% to EUR 7.18 billion) while earnings before taxes exceeded expectations (at EUR 426.4 million).

In the current economy, one certainty prevails: uncertainty. Everything remains subject to change at any moment, often unfolding in the most unexpected ways. Crisis after crisis, the world appears to endure a perpetual state of uncertainty and upheaval. AM Best’s CEE Insurance Market Briefing – Vienna on Wednesday, 17th April 2024 will investigate the ways of dealing with this status of permacrisis.

Insurers and pension funds may play an instrumental role in building a more sustainable economy, either by reducing the protection gap or by capitalizing on their status as the largest institutional investors, uniquely positioned to contribute to sustainable economic growth. The ESG IN INSURANCE Conference to be held in Vienna, on 16 April, will approach both these standpoints.

The Sava Insurance Group achieved strong organic growth in all its operating segments and markets in 2023. Its business volume increased to EUR 910.1 million, up 14.4% on the previous year and 13.8% ahead of plan, the Groups announced in a press release.

The state of mind health in the world continues to give cause for concern, with almost one third of the global population currently experiencing a mental health condition, according to the fourth iteration of AXA’s Mind Health Report recently released.

Between 1980 and 2020, economic losses caused by natural disasters in Slovenia totaled EUR 3.8 billion. Only 43% of these losses were insured, which corresponds to an amount of EUR 1.6 billion, the figures indicating a significant gap in insurance coverage, data provided by the Slovenian Agency of Insurance Supervision (AZN) show. 

Triglav Group's total business volume rose by 12% to EUR 1,78 billion in 2023, while its earnings before tax amounted to EUR 21.1 million, the unaudited data released by the Group show. The regulated price of supplemental health insurance in Slovenia and record high CAT claims impacted the Group's earnings.

FIAR is pleased to announce that its 25th Edition will take place in Bucharest, Romania, between 26-28 May. Online registration is already opened on the event’s website at an EARLY BIRD discounted rate.

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.89% y-o-y from EUR 4.84 billion a year before.

The insurance sector of Kyrgyzstan in 2023 grew by 40.64%, reaching KGS 3.03 billion (EUR 30.82 million).

Aegon announced that its Board of Directors intends to nominate Lard Friese for re-election as Executive Director and CEO at the Annual General Meeting of Shareholders (AGM) on June 12, 2024, for a further four years.

MetLife announced that Laura Hay has been elected to its board of directors (BoD), effective immediately.

The Supervisory Board of NN Group has decided to nominate Koos Timmermans for appointment as member of the Supervisory Board for a term of four years, as the Dutch insurer informed in a statement.