The 2023 edition of the Insurance Conference of the Republic of Moldova takes place today, 17 October, in Chisinau. Organized by XPRIMM, the event benefits from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets.

The 2023 edition of the Insurance Conference of the Republic of Moldova will take place on Tuesday, 17 October, in Chisinau. Organized by XPRIMM, the event benefits from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets.

Romanian insurers ended 1H 2023 with GWP worth EUR 1.83 billion, 3.28% more y-o-y, data provided by the Romanian Financial Supervising Authority (ASF) show. Out of this total GWP volume, life insurance provided EUR 305 million, while non-life insurance classes generated EUR 1.52 billion.

At the end of June 2023, the insurance market in Bulgaria totaled EUR 1.15 billion, up by 25.9% y-o-y, according to the official quarterly figures from the Financial Supervision Commission - FSC.

MOLDASIG, Moldova's insurance market leader, concluded the first half of 2023 with a net profit of MDL 15.98 million, marking an increase of approximately 19% compared to the first half of 2022. The operational result recorded during this period was MDL 7.06 million.

RECREX Romania, a company affiliate of RECREX INTERNATIONAL INSURANCE SERVICES, has been appointed in June 2022 by Axeria Iard – Lyon to perform cross-border claims management to deliver a range of expanded services for the benefit of Axeria across Europe.

Reinsurance premiums assumed worldwide amounted to a value of around USD 500 billion in 2022, Insuramore said based on it’s updates global rankings and taking into consideration all forms of reinsurance cover.

ASIA INSURANCE sug'urta kompaniyasi (a.k.a. ASIA INSURANCE) recorded an increase in GWP of 117.5% in the first 6 months of this year, compared to the same period in 2022, the insurer said in its official press release.

The first half of 2023 the insurance market in Serbia ended with an increase of 16.28% y-o-y, having reached RSD 78.56 billion (EUR 670.17 million), according to the statistics published by the National Bank of Serbia (NBS).

The Supervisory Board of Allianz SE today announced that Oliver Bate’s mandate as Chairman of the Board of Management of Allianz SE has been renewed and extended through the Annual Shareholders Meeting in 2028.

SCOR announces the appointment of Thomas Fossard as Head of Investor Relations after Yves Cormier has decided to leave the Group to pursue another opportunity. Yves Cormier will continue to run the Investor Relations team during the transition period.

A working group on the expansion of the banking-insurance model (bancassurance) will be established in Azerbaijan soon, according to the president of the Azerbaijan Banks Association Zakir Nuriyev, Trend reports.

The winners of the ninth edition of the "Insurers for Society 2023" competition received their awards at a solemn ceremony on October 3, 2023, ABZ (Association of Bulgarian Insurers) wrote.

EKsL and the Estonian Insurance Brokers Association are organizing selection of the best act in insurance of the year for the first time. Eight applications were received for the competition, Association of Estonian Insurance Companies (EKsL) informed.

The situation on the insurance market based on the complaints received by the Consumer Ombudsman in 2022 compared to previous years significantly improved, insurancedaily.gr reports.

Euroins Bulgaria, part of Eurohold's Insurance Group informed it has increased its capital by EUR 7.7 million (BGN 15 million) in order to finance its development on the foreign markets, predominantly in Greece and Poland, the two largest markets in which the company operates outside Bulgaria.

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer. “Rachel Turk will report to Lloyd’s Chief of Markets, Patrick Tiernan, and her start date will be announced in due course”.

According to global rankings updated recently by Insuramore, and across life / annuity, health and P&C (non-life) business combined, 638 insurer (i.e. carrier / underwriter) groups worldwide were “insurer billionaires” in 2022 having achieved gross direct premiums for the year of more than USD 1 billion (see notes on the second page of the attached PDF file for definitions etc.).

Insurance Europe has published its response to the European Insurance and Occupational Pensions Authority (EIOPA) Staff Paper on the demand-side of natural catastrophe protection gap - the difference between total economic losses and the amount covered by insurance.

Insurance Europe has written to the EU’s Commissioner for Health and Food Safety expressing serious concerns about the proposed European Health Data Space (EHDS) which would exclude the insurance industry in accessing secondary health data.