In Azerbaijan, with the joint cooperation of the Central Bank of Azerbaijan, the Association of Insurers and the Compulsory Insurance Bureau, the "Insurance Festival" was organized for the first time, Trend writes.

The total revenues of the insurance sector in January-June 2023 in Kyrgyzstan amounted to KGS 1.8 billion (EUR 18.90 million), which is approximately 54% more y-o-y (KGS 1.16 billion), according to the National Statistical Committee of the Kyrgyz Republic.

On September 20-21, 2023 in Almaty, at the Intercontinental Almaty hotel, the XIV International Conference "Insurance in Central Asia" will be held.

Süha ÇELE joined Eureko Sigorta in 1999 and has been Chief Operating Officer with corporate sales responsibility and member of the Executive Board for the past ten years. He has also several responsibilities in the market, and he is a board member of the motor bureau and the agricultural pool.

Martijn Hoogeweegen, currently Head of NN Life & Pension Services, will be appointed CEO of NN Belgium as of 1 September, subject to regulatory approval.

Slovene re/insurance group SAVA informed that its management board estimates that the profit for 2023 will be approximately 25% lower than planned, or around EUR 40 million, due to the impact of the storms and floods. 

In 2022, firefighters went to almost 21 thousand fires with a total damage of almost CZK 5.3 billion (~EUR 220 million). But, according to an analysis conducted by the Czech Association of Insurance Companies, only a quarter of them were insured. As a result, more than CZK 1.7 billion (EUR 70 million) could have been paid out by insurers.

Austrian insurer UNIQA informed that during H1 2023 its premiums written rose by 7.9% to EUR 3,707.3 million vs. EUR 3,436.0 million a year before. “Above all, property and casualty insurance and health insurance contributed to this very pleasing growth”.

UNIQA announced is selling its 75% share in the Russian company Raiffeisen Life to the Russian insurance company Renaissance Life, along with AO Raiffeisenbank, which belongs to the Raiffeisen Bank International Group and owns the remaining 25% of the shares.

The Romanian insurance industry will celebrate tonight its achievements at the 23rd edition of the Insurance Market Awards Gala. The Awards Gala represents a culminating moment in the industry's calendar, the occasion to recognize and celebrate the achievements of insurance companies and professionals.

The MTPL market in Ukraine in January-June 2023 grew by 32.3% y-o-y, amounting to UAH 3.8 billion (~EUR 94.81 million), Forinsurer writes according to the MTIBU report.

Insurance Europe has welcomed the publication of the Climate Resilience Dialogue Interim report. The release of the report represents a key milestone of this important European Commission initiative, which brings together a range of stakeholders committed to finding concrete solutions in tackling climate protection gaps.

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) appointed Ms Teija KORPIAHO, Chief Adviser of Insurance Supervision at the Finnish Financial Supervisory Authority (Finanssivalvonta, FI-FSA), to EIOPA’s Management Board.

Adrian MARIN’s mandate as Member and President of the Directorate at the company GENERALI Romania Asigurare Reasigurare S.A.was renewed, receiving the approval of the Council of the Romanian Financial Supervisory Authority on August, 23.

The insurance sector ended the first half of 2023 with an increase of 22%, reaching AMD 41.28 billion (EUR 98.55 million). At the same time, the growth of paid claims led to a noticeable decrease in the growth rate of profits of insurance companies in Armenia, according to the data of the Financial Rating of insurance companies provided by ArmInfo.

The growth of the insurance sector in 1H2023 amounted to 48.10%, GWP reached KGS 1.47 billion (EUR 16.21 million). At the same time, paid claims increased even more - by 61%, to KGS 303.03 million (EUR 3.32 million), according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic.

Total GWP for the first half of 2023 amounted to KZT 588.05 billion (EUR 1.18 billion), which means an increase of almost 32% y-o-y, according to data published by the National Bank. The main driver of growth is voluntary property insurance.

In 1H Allianz’s total business volume rose by 4.8% to EUR 85.6 billion, driven by the Property-Casualty business segment, supported by the Life/Health business segment, and partially offset by a decrease in our Asset Management business segment, according to the company’s recent earning release for 2Q and 6M2023.

Hannover Re increased its Group net income in the first half of 2023 by 18% and confirms its full-year earnings target. Reinsurance revenue (gross) increased by 3.9% to EUR 12.3 billion, according to the recent Group’s Half-year Financial Report 2023.

Zurich Insurance Group (Zurich) delivered strong results in the first six months of the year, matching operating profit at the record high reported in the first half 2022 and laying robust foundations for the 2023-2025 financial cycle, according to the Group’s recent report.