News - Insurance
ESG IN INSURANCE Conference: Swiss Re explains why sustainability can be an opportunity for underwriting
Join Doris P?pplein, Senior Sustainability Analyst, and Dr. Annina Angstmann, Head P&C Solutions NCEE, from Swiss Re will outline, at the ESG IN INSURANCE Conference in Vienna, how sustainability could prove an opportunity for underwriting.
MOLDOVA: gouble digit increase of the average premiums and claims value for the MTPL segment
Motor insurers operating in the Republic of Moldova reported an increase of 24.3% in the MTPL insurance GWP , while for the Green Card segment premiums went up by 52.7% y-o-y, according to data provided by CNPF - the market authority.
MOTOR INSURANCE Conference: Preparing for the future of mobility
If electrification of vehicles, connected and autonomous vehicles, as well as regarding MaaS (Mobility as a Service) are reshaping the core aspects of mobility, the insurance industry needs to follow the trends and also seize the benefits of the mobility revolution happening around us.
SAVE THE DATE: Croatian Insurance Days 2023, 3rd - 5th May
The 2023 edition of the year the Croatian Insurance Days Conference will take place between 3 and 5 May, in Opatija, at AmadriaPark Grand Hotel 4 Opatijska Cvijeta. XPRIMM Publications are once again supporting the conference as Media Partner.
Marsh names Sarah Stephens US Central Zone Leader
Marsh, one of the the world's leading insurance broker and risk advisor, announced that Sarah Stephens, current Head of Cyber for the UK and International, Marsh Specialty, will assume the role of US Central Zone Leader effective May 1, reporting to Pat Donnelly, President, US and Canada, Marsh.
MetLife names Bryan Boudreau new global Chief Actuary
MetLife announced that Bryan Boudreau has been named executive vice president and Global Chief Actuary, effective May 11, 2023. Boudreau succeeds Andy Rallis, who will retire effective May 10, 2023, after a 39-year career at MetLife - including 11 years as Global Chief Actuary.
STATISTICS: CNB, YE 2022 figures: Czech market expanded to over EUR 8 billion
The Czech insurance market totaled CZK 200 billion (EUR 8.3 billion) at the end of 2022, up by 11.3% y-o-y, according to the year-end figures published by the Czech National Bank (CNB). For the life segment, the GWP value (including reinsurance) increased by 5% y-o-y CZK 54.3 billion, while the non-life insurance market was up by 13.9% y-o-y to CZK 145.8 billion.
STATISTICS: MOLDOVA, FY2022: the market grows by more than 28% in a year
The insurance market of Moldova ended 2022 with an increase of 28.28%, reaching MDL 2.47 billion (EUR 121.26 million), according to data published by the National Financial Market Commission. Paid claims amounted to MDL 905.68 million (EUR 44.44 million), which is 36.78% more y-o-y.
STATISTICS: Slovakia, FY 2022 NBS data: insurers' profits increased by 24% to EUR 195.79 million
At the end of 2022, the Slovak insurance market totaled EUR 1.92 billion, 4.7% more y-o-y, according to the Q4 2022 Analytical Data of the Financial Sector published by the National Bank of Slovakia (NBS). The value of paid claims by local insurers increased by 15.5% y-o-y to EUR 1.18 billion, of which EUR 583.9 million related to life indemnities, EUR 176.9 million - Motor TPL, EUR 183.4 million- MoD and EUR 159.7 million - payments related to property claim files.
UKRAINE: licenses of INGOSSTRAKH and PROVIDNA for insurance activities canceled
The National Bank of Ukraine (NBU) has canceled the licenses for insurance activities of INGOSSTRAKH and PROVIDNA, Forinsurer writes with reference to the NBU report.
KYRGYZSTAN: application of measures for the absence of MTPL policy to begin on April 1
The State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic informed, that by a resolution of the Cabinet of Ministers of the Kyrgyz Republic, an amendment was made to the resolution "On Approval of the Road Traffic Rules and the Basic Provisions for Admission of Vehicles to Operation and Duties of Officials to Ensure Road Safety".
Insured losses from natural catastrophes break through USD 100 billion threshold again in 2022
Natural disasters resulted in global economic losses totaled USD275billion in 2022, of which USD125billion were covered by insurance, according to Swiss Re.
UZBEKISTAN: Semurg Insurance: Uzbek farmers' interest in insurance is growing
On March 25, the second International Conference AgroInsurance 2023 was held in Tashkent, where important issues were raised to ensure stable development of the agro-industrial sector of Uzbekistan, according to a press release on the website of the Ministry of Agriculture of Uzbekistan.
ARMENIA: MTPL market will be fully liberalized on April 1, 2023
From April 1, 2023, MTPL market in Armenia will be completely liberalized, after that government agencies and citizens will have an opportunity to choose insurance companies, considering price/quality.
AZERBAIJAN: in January-February market grew by 24%, MTPL loss ratio decreased by 20.8%
In January-February 2023, total GWP of 20 insurance companies in Azerbaijan amounted to AZN 221.06 million (~EUR 122.81 million), which is 24% more y-o-y, ABC.AZ reports with reference to the data of the Central Bank.
MOLDOVA: CNPF withdraws the license of GARANTIE SA
The Board of Directors of the National Commission of the Financial Market (CNPF) during the extraordinary meeting of March 9, 2023, approved the decision regarding withdrawal of the license of the insurance company GARANTIE SA (non-life) and submission to the insolvency court of the introductory request regarding filing of the insolvency procedure, moldstreet.com wrote.
Groupama posted FY2022 premium income of EUR 15.9 billion, up by 4.3% y-o-y
French insurer Groupama reported YE2022 premium income of EUR 15.9 billion, up by 4.3% y-o-y with "strong growth in property and casualty insurance (+8.6% to EUR 8 billion), driven by the good performance of international subsidiaries (+20.4%), particularly in Romania". In Life and health, Groupama posted growth worth 0.8% y-o-y (to EUR 7.8 billion) both in France (+0.7%) and abroad (+1.1%).
Talanx Group generates record premiums and Group net income in 2022
German inurerance group Talanx posted YE 2022 gross premiums up by 17.4% y-o-y to EUR 53.4 billion, while the group net income increased to EUR 1.17 billion despite large losses, vs. EUR 1.01 billion a year before.
Lloyd's reports strong profitable growth in 2022 results
Lloyd's of London announced FY2022 Gross Written Premium (GWP) up by 19% to GBP 46.7 billion (FY2021: GBP 39.2 billion), including 4% volume growth.
MOTOR INSURANCE Conference: meet the speakers, get the conference agenda
One week before its debut, the 10th edition of the MOTOR Insurance Conference aligns an exceptional team of international speakers. IIF 2023 – MOTOR Insurance Conference - “Reshaping motor insurance business” will take place in Vienna, at the Bristol Hotel, on 5 April.
30 March 2023