After a break of six years on the Macedonian life insurance market, a new insurance company has been established in which Slovenian owners invest EUR 4 million. The ISA (Insurance Supervision Agency) issued a permit for this investment, the agency said.

In July, the average price of MTPL policy for owners of motor vehicles was PLN 518 (~EUR 117.46), while in the same period of 2022, it was PLN 497, which means that the current premium is 4.9% higher than a year ago, Gazeta Ubezpieczeniowa wrote based on the insurance report of RMF FM and Rankomat.

As a result of the storms during the first week of August, about 20,000 claims based on home insurance contracts were received so far by insurance companies that had sent their data to MABISZ (Association of Hungarian Insurers). This number is expected to rise further in the coming days, Portfolio.hu wrote.

In the first half of 2023, 29,516 insurance contracts were issued within the Green Card system in Azerbaijan, which is 2.4 times more y-o-y, ABC.AZ reports with reference to the Compulsory Insurance Bureau.

In 1H2023, total GWP of ARX and ARX Life (among top 5 insurers in Ukraine) exceeded UAH 1.8 billion, (~EUR 44.91 million) which is 40% more y-o-y. At the same time, total profit of the two companies amounted to UAH 345.4 million, Forinsurer reports.

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region) informed that, in the first half of 2023 it recorded EUR 435 million in total revenue, which is a growth of 13%.

Global re/insurance broker Aon reported Q2 2023 total revenue worth USD 3.17 billion, up by 7% y-o-y, while total operating expenses increased by 2% to USD 2.3 billion.

MARSH McLENNAN (MMC) reported Q2 2023 revenue of USD 5.9 billion, an increase of 9% compared with the second quarter of 2022. Operating income was USD 1.5 billion, an increase of 7% from a year ago. Net income attributable to the Company was USD 1.0 billion, or USD 2.07 per diluted share, compared with USD 1.91 in the second quarter of 2022.

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), part of Еurohold Bulgaria AD. The same rating has been affirmed to the reinsurance company of the group - EIG Re AD.

The Bulgarian insurance broker SDI becomes part of the American fintech company Acrisure. The transaction is expected to be finalized by the end of September.

According to the 1Q2023 results, the insurance sector of Uzbekistan grew by about 29% y-o-y, reaching UZS 1,669.17 billion (EUR 134.42 million), according to data published by the Insurance Market Development Agency under the Ministry of Finance.

According to the 2023 Q1 figures published by the National Bank of Slovakia, insurance market totaled at the end of March EUR 579.23 million (up by 14% y-o-y), while gross claims paid by insurers were about ~EUR 220.62 million (down by 13.6% y-o-y).

The insurance broker Marsh announced the appointment of Angela Duca as Global Head of Credit Specialties, Marsh Specialty. She succeeds Nick Robson, who has been named Global Chairman, Credit Specialties. “The appointments are effective immediately and both will report to Pat Donnelly, President, Marsh Specialty and Global Placement”.

The Romanian Financial Supervisory Authority has approved the renewal of the mandate of President of the UNIQA Asigurari Directorate for Paul CAZACU, a role he initially assumed in February 2021.

French insurance group AXA informed its H1 2023 gross written premiums and revenues increased by 2% y-o-y to EUR 55.7 billion. At the same time, AXA posted underlying earnings worth EUR 4.1 billion, up by 5% y-o-y, the company being on track on track to deliver the 2023 target worth EUR 7.5 billion.

WARTA, a leading motor insurer in Poland, and Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, announced Warta4U, a connected insurance program that offers safe driving discounts. The program will begin by focusing on young drivers, providing them feedback on risk factors like speed, acceleration, braking, cornering, and phone distraction while driving.

French reinsurer SCOR posted insurance revenue of EUR 3,930 million in Q2 2023, up +4.3% compared to Q2 2022. At the same time, P&C combined ratio of 88.5% (-24.6 pts compared to Q2 2022). SCOR informed it generates EUR 192 million net income in Q2 2023, contributing to EUR 502 million net income in H1 2023

Severe storms and heavy rain have caused Slovenia's worst floods on record, also affecting the South of Austria. While economic losses are estimated at about EUR 500 million, thousand of people evacuated from their homes and at least 6 died. Local re/insurers expect significant claims expenses.

American International Group (AIG) announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effective as of the closing of the previously announced sale of Validus Re to RenaissanceRe, which is expected to occur in the fourth quarter of 2023.

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, announced the appointment of Rebekah Clement in the new role of Corporate Affairs Director.