The insurance sector of Armenia in the first quarter of 2023 grew by 17.24% to AMD 23.81 billion (EUR 48.94 million). At the same time, paid claims' growth slightly outpaced premiums and amounted to 18.70%, as shown by the data on the activities of insurance companies provided by ArmInfo.

In 1Q2023, the insurance sector grew to KZT 287.35 billion (EUR 590.56 million), which is almost 24% more y-o-y. The main growth driver is voluntary property insurance. At the same time, insurers' paid claims increased by about 37% to KZT 51.22 billion (EUR 105.28 million), as shown by data published by the National Bank.

TAS insurance group, which is among the top 5 insurers in Ukraine, collected UAH 659.75 million in 1Q2023 (~EUR 16.51 million), which is 21.6% more than in the same period last year, Forinsirer reports.

One of the leaders in the insurance sector of Ukraine, ARX ended 1Q2023 with an increase in many indicators. The amount of collected premiums reached UAH 781.6 million (+27%)/~EUR 19.56 million*, and paid claims - UAH 303.5 million, which is 12% more y-o-y, Forinsurer reports. The number of contracts concluded with the company increased by 116%.

Swedish Insurance on May 10 hosted its annual conference, the main topic of which was "Crisis and war - what is the role of the insurance industry?", this event gathered about 150 participants.

Croatian insurers are ready to face the upcoming macroeconomic, technological, and regulatory challenges, as was said at the 10^th edition of the largest annual gathering - Croatian Insurance Days 2023, organized by the Croatian Insurance Office (HUO) and partners, svijetosiguranja.eu wrote.

Hannover Re in the first quarter of 2023 generated an increased profit. Group net income rose to EUR 484 million, according to the recent group's quarterly statement.

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported Q1 2023 Total Gross Premium Written (GPW) of EUR 3.736 billion, +20% better than prior year (Q1 2022: EUR 3.118 billion).

German insurance group Allianz informed that at Q1 2023 its total business volume rises 3.9% to EUR 46.0 billion, driven by "the Property-Casualty business segment which benefited from higher prices and volumes. This result was partly offset by lower business volumes in the Life/Health business segment, primarily due to softer single-premium volumes, and a decrease in AuM-driven revenues in our Asset Management business segment".

French reinsurer SCOR posted insurance revenue of EUR 3.92 billion in Q1 2023, down 4.2% compared with Q1 2022. Gross written premiums stand at EUR 4.74 billion, down 0.7% at constant exchange rates (up 0.6% at current exchange rates) compared with Q1 2022. At the same time, the insurer reported group net income of EUR 311 million in Q1 2023, compared with a net loss of EUR -35 million in Q1 2022.

Austrian insurer Vienna Insurance Group informed it launches user-friendly app based on telematics in the Czech Republic

Generali Group, one of the largest global insurance providers, has launched Generali Malaysia following the acquisition of a controlling majority in AXA Affin joint ventures in Malaysia and 100% purchase of MPI Generali Insurans Berhad.

Since ChatGPT opened the door to friendly chatting with a machine, allowing for human-like conversations and much more with a chatbot, AI's capabilities have become increasingly visible and acknowledged. Between tested reality and legends, what is clear is that AI technologies might change the insurance industry.

ICEYE, a provider of natural catastrophe solutions and insights, has announced it has entered an agreement with Global Parametrics, experts in developing innovative solutions to climate and natural disaster risks, to provide flood data to support the development of innovative parametric risk transfer solutions.

Euroins Insurance Group (EIG), owned by Eurohold Bulgaria AD, insured two-thirds of Ukraine's grain exports in 2022. EIG's Ukrainian subsidiary insured nearly 1,800 grain shipments, totaling USD 5 billion and accounting for 65% of the value of Ukraine's total grain exports, according to Statista.

Germany's Talanx Group, the parent company of Hannover Re, informed that at the Talanx AG's General Meeting were elected three new members of the Supervisory Board: Joachim Brenk, Christof Gunther and Sandra Reich.

Pirnazarov Marat Tugolbaevich has been appointed Chairman of the Service for regulation and supervision of the financial market under the Ministry of Economy and Commerce of the Kyrgyz Republic, according to the regulator.

The insurance sector of Azerbaijan ended the first quarter of 2023 with an increase of 34%, reaching AZN 346.91 million (EUR 187.17 million). However, growth of paid claims was even more rapid - they jumped by 67% in local currency to AZN 102.29 million (EUR 55.19 million), according to statistics published by the National Bank.

Romanian insurers ended 2022 with GWP worth EUR 3.34 billion, almost 16% up y-o-y. While the life insurance sector saw a rather stagnant evolution, growing by only 1.45% y-o-y, the non-life side recorded an almost 20% growth, to EUR 2.8 billion.

CIB Bank, Intesa Sanpaolo, and Generali entered into a partnership in the Hungarian market with the aim of strengthening bancassurance activities in the country and providing a comprehensive financial solution for families and businesses, MABISZ (Association of Hungarian Insurers) reports.