According to the CAP (Czech Insurance Association) quarterly figures, at the end of September 2023 the aggregate GWP reported by member companies totaled CZK 127 billion (EUR 5.2 billion) up by 6.5% y-o-y.

According to the January-September 2023 statistics published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 2.04 billion, up by 4.78% y-o-y.

Nina Klingspor was appointed as the new CEO of Central Europe for Allianz Group, taking over from Petros Papanikolaou who will be appointed as the new CEO of Allianz Global Corporate & Specialty SE (AGCS), with additional responsibility for leading Allianz Commercial globally. Both changes are effective as of January 1, 2024, subject to approval by the relevant corporate bodies.

At the end of 3Q2023, the Georgian insurance sector grew by 16.11%, reaching GEL 817.99 million (EUR 287.80 million), according to the Georgian Insurance Supervision Service.

Italian insurerer Assicurazioni Generali informed that has appointed the current non-executive and independent director Stefano Marsaglia to its investment committee with immediate effect.

American International Group (AIG) announced that its Board of Directors has elected James Dunne as an independent Director, effective December 1, 2023.

Global re/insurance marketplace Lloyd’s informed that Jonathan May, currently Chief Financial Officer (CFO) and Chief Operations Officer (COO) for Lloyd’s Europe will become Lloyd’s Europe CEO on the 1st January subject to regulatory approval, following the departure of Amelie Breitburd on 31 December 2023.

VIG Re, the reinsurance company of Vienna Insurance Group, announced the increase of its registered capital by the amount of EUR 100,000,000 in 2023 and the authorization of VIG Re’s Board of Directors to increase the registered capital by additional EUR 50,000,000 in the following two years.

Fitch Ratings has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (ЕIG), as well as to EIG Re AD, the reinsurance company of the group, as the Bulgarian holding Eurohold – the owner of Euroins, announced in a statement.

In 2024, the income and expenses of the Unemployment Insurance Fund in Azerbaijan will amount to AZN 238 million (or USD 140 million), which is AZN 20.3 million, or 9.3% more than this year, Trend reports.

The draft law "On Insurance ", which was adopted by deputies in the second reading, provides for introduction of a new form of insurance - imputed insurance, BELTA reports.

According to the Estonian Insurance Association (EKsL), in the last 15 years, storms have caused the most insurance cases in December. The risk of storms is also greater in October and August. The biggest storm in 2023 was on October 7-8, when it caused 1,500 insurance cases with a total loss of EUR 3.5 million.

In 3Q2023 an increase of 0.5% in total assets of insurance companies was registered compared to the previous quarter. The amount reached EUR 19,568 million, while insurance technical reserves increased to EUR 14,375 million from EUR 14,167 million in the previous quarter, insurancedaily.gr writes.

Life insurance premiums per capita in the Baltic States ranges from EUR 60 to EUR 104, which is several times less than the average in Europe, but is comparable to other Central European countries, the Latvian Insurers Association (LAA) reports.

Over the first 9 months of 2023, the leader of the insurance market, Uzbekinvest, achieved a significant increase in its performance, collecting UZS 938.4 billion (~EUR 72.50 million) in premiums, which is 210% more y-o-y, the insurer reports.

AM Best has confirmed Generali's Financial Strength Rating (FSR) of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+". The outlook is stable, as the Italian insurer announced in a statement.

Natural catastrophes will once again break several loss records in 2023. A high number of low-to-medium-severity events will aggregate to insured losses of more than USD 100 billion in 2023, estimates Swiss Re Institute, with severe thunderstorms (severe convective storms, SCS) being the main contributor. It is the first time ever that severe thunderstorms have caused this level of loss for the industry.

Florin ANDREESCU, a seasoned professional in the insurance industry, has left an indelible mark on the sector through his dedicated career spanning several decades. His journey, marked by proficiency and commitment, sadly came to an end recently. Florin has been respected and loved by all with whom he has worked or met throughout his life and remains a landmark of integrity and professionalism.

Triglav Group’s total business reached EUR 1,39 billion while GWP increased to EUR 1,28 billion, both indicators seeing a 12% y-o-y growth in the first 9 months of 2023. The group expects business volume to reach EUR 1.6 billion and earnings before tax between EUR 100 million and EUR 120 million in 2024.

Macedonian insurers reported aggregate nine-months 2023 aggregate GWP worth MKD 10.8 billion (~EUR 176 million), 12.8% more y-o-y, according to the preliminary market figures provided by the Insurance Supervision Agency of North Macedonia.