Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, informed that according to preliminary results, its FY2022 GWP increased by over 19% to more than GBP 46 billion (FY 2021: GBP 39.2 billion) "reflecting a combination of growth from the strong USD (8%) direct price increases (8%) and organic growth (3%)".

Motor insurance is one of the business lines holding a highly relevant share in all markets, especially in the still emerging ones where it actually dominates the market portfolio. As such, all the significant events in this line of business are affecting the market as whole. 

According to preliminary data, in 2022, the inflow of foreign direct investment in Kyrgyzstan increased by 4% y-o-y to USD 1,046.1 million, the National Statistical Committee of the Kyrgyz Republic reported.

Vienna will host on 4 April, at the Bristol Hotel, the first edition of the ESG IN INSURANCE Conference, organized by XPRIMM, with the kind of support of Vienna Insurance Groups, as Official Partner, and the IUC Group. Participants from 18 countries, representing 36 companies and institutions have also registered.

With a premium volume of EUR 12.6 billion, Vienna Insurance Group (VIG) has exceeded the previous year's figure of EUR 11 billion by 14.1%. Profit before taxes amounts to EUR 562 million, which is 10% up y-o-y. Profit after taxes reaches EUR 466 million (+24 y-o-y). The combined ratio of 94.9% is within the target range.

The Montenegrin market reported a 9.58% y-o-y growth in FY2022 GWP, to EUR 108.28 million, according to the preliminary figures published on the ISA's website.

The GWP of Kosovo insurers increased by 14.14% y-o-y to EUR 134.00 million during January-December 2022 while total gross claims paid increased by 5.41% y-o-y to EUR 64.30 million, as official monthly figures published on the website of the Central Bank showed.

Italian Generali Group ended 2022 with GWP worth EUR 81.5 billion (+1.5%) and a record operating result of EUR 6.5 million (+11.2%), mainly driven by Life, together with P&C growth. The Combined Ratio was 93.2% (+2.4 p.p.), while the net result grew to EUR 2,912 million (+2.3%).

By the end of December 2022, the assets managed by Bulgarian insurance companies amounted to about BGN 9.64 billion (EUR 4.9 billion), which represents a decrease of 4.8% y-o-y, SeeNews wrote with reference to the Central Bank.

Last year, the number of complaints received by the Consumer Rights Protection Center (PTAC) about the financial sector decreased, yet the most complained about insurance. PTAC received 220 complaints, or 30% less y-o-y, and the only area where the number of complaints slightly increased was insurance, the Latvian news source wrote.

The President of the Board of the Association of Serbian Insurers and the President of Dunav osiguranje Ivana Sokovic expects this year to be better than the previous one, she said at the panel on insurance at the 30th Kopaonik Business Forum.

Insurance companies ARX and ARX Life, which are among the top five leaders in the insurance market of Ukraine, summed up the results of 2022 and were able to achieve high profitability even during these times of maximum uncertainty.

The leader of the insurance sector of Kazakhstan, EURASIA paid the first KZT 132 million (~EUR 0.27 million) for damages as a result of a series of devastating earthquakes in the south-east of Turkey in early February, Allinsurance.kz reports citing the insurer.

Total number of concluded insurance contracts in Tajikistan in 2022 reached 2.1 million units, which is 7.3% more y-o-y, Trend reports, with reference to the National Bank of Tajikistan.

At the end of 2022, MTIBU (Motor Transport Insurance Bureau of Ukraine) carried out 5.3 thousand payments from the Bureau's Victims Protection Fund totaling UAH 250.9 million (EUR 6.39 million). Compared to 2021, the number of payments decreased by 25.8%, and the amount decreased by 9.9%, the Bureau said in its press release.

Serbian market leader Dunav osiguranje ended 2022 with gross premium of over EUR 300 million, by as much as EUR 100 million more than just five years ago, the company has announced.

The International Association of Insurance Supervisors (IAIS) has reached an important milestone in the comparability assessment project - an initiative that will ascertain whether the Aggregation Method (AM) provides comparable outcomes to the Insurance Capital Standard (ICS).

The Supervisory Board of Allianz Hrvatska approved appointment of Josipa Parac Bistrovic as a new member of the Allianz Hrvatska Management Board. Josipa Parac Bistrovic officially started holding the position on March 3, 2023, with a mandate lasting 3 years and will be responsible for product management, osiguranje.hr reports.

Last year 219,677 agricultural producers (31,246 more than in 2021) concluded insurance contracts for insurance of crops or livestock with a subsidy from the state budget, said Ryszard Bartosik, Secretary of State at the Ministry of Agriculture and Rural Development, Gazeta Ubezpieczeniowa wrote.

In 2022 Azerbaijani insurers issued 22,187 insurance contracts within the Green Card system and collected AZN 3.01 million of premiums on them (~EUR 1.66 million), Trend reports based on data from the Compulsory Insurance Bureau of Azerbaijan.