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 it recorded total revenues amounting to HRK 6.5 billion (EUR 862 million), 14% higher compared to the previous year.

French reinsurer SCOR informed that Yves Goldschild, previously Head of Compensation and Benefits is appointed Group Head of Human Resources. He will report to Claire Le Gall-Robinson, SCOR's General Secretary and Group Chief Sustainability Officer.

The Austrian insurer Vienna Insurance Group informed that according to FY2022 preliminary figures it expects net results in a range of EUR 460-470 million, significantly above expectations. The result before taxes amounts to about EUR 560 million.

As of 20 February, the Turkish Catastrophe Insurance Pool (TCIP) has already paid claims worth about USD 27.6 million to policyholders whose homes were affected by the 6 February earthquakes. 

Moody’s RMS®, the leading global catastrophe risk modeling and solutions company, estimates economic losses from the moment magnitude (Mw) Mw7.8 and Mw7.5 earthquakes that struck southern Türkiye on Monday, February 6 are likely to exceed USD 25 billion (TRY 471 billion), and the total insured loss is likely to exceed USD 5 billion (TRY 94 billion).

According to Extreme Event Solutions at Verisk (formerly AIR Worldwide), economic losses for the February 6, 2023, earthquakes in Türkiye will likely exceed USD 20 billion, and industry insured losses will likely exceed USD 1 billion. These estimates are based on impacts of both M7+ earthquakes that occurred on that day. Results from Verisk indicate the initial shock is the driver of most of the insured losses.

Insurance companies are expected to play a critical part in the transition to a net-zero, resilient and socially just economy. Not only can they impact changes through ESG investing and underwriting, but they can also make contribution with own sustainable and inclusive operations that go beyond traditional corporate social responsibility approaches.

Motor has been a low-risk and high-volume mainstay segment of P&C for many decades. Competition among insurers is thus rightly fierce and any novelty impacting even lightly their portfolios' performance metrics becomes something worth exploring and, eventually, a must-have. Given the difficult and fast changing current context, this is more real than ever.

Munich Re posted a profit of EUR 3,419 million in the 2022 financial year, thus exceeding its profit guidance of EUR 3.3 billion. The Group's profit in Q4 2022 amounted to EUR 1,516 million. Gross premiums written rose by 12.7% to EUR 67,133 million year on year.

A group of industry representatives - including Insurance Europe - have published a statement calling on the European Parliament to ensure that its position on the European Commission's proposed Artificial Intelligence (AI) Act would support innovation and the uptake of the use AI in Europe.

North Macedonia's insurance companies reported aggregate FY2022 gross written premiums worth MKD 12.78 billion (EUR 207.92 million), up by 9.94% y-o-y, according to the year-end market figures published on the country's Insurance Supervision Agency website.

In 2022, the ombudsman of the Latvian Insurers' Association (LAA) received 35 customer complaints about insurance services and the largest number of them were about Motor Hull, while in 2021 most complaints were submitted about property insurance. Total number of complaints in 2022 compared to 2021 has increased very slightly (35 vs 32), Latvian Insurers' Association (LAA) reports.

At the end of 2022, the insurance sector of Kazakhstan grew by 10.40%, to KZT 899.59 billion (EUR 1.82 billion). At the same time, insurers' paid claims, in contrast to premiums, jumped by more than 50% in local currency, reaching KZT 196.33 billion (EUR 398.37 million), according to data published by the National Bank.

The insurance sector of Azerbaijan ended 2022 with an increase of 15%, reaching AZN 970.82 million (EUR 535.95 million). At the same time, paid claims decreased by 5.56% to AZN 433.20 million (EUR 239.15 million), according to the statistics published by the National Bank.

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported FY 2022 GWP worth EUR 11.169 billion, up by EUR 1.683 billion or by 18% y-o-y from EUR 9.486 billion a year before.

The German insurance group Allianz reported FY2022 total revenues worth EUR 152.7 billion, representing an increase of 2.8% y-o-y (12M 2021: EUR 148.5 billion), largely driven by the Property-Casualty business segment.

The number of insurance frauds increased during 2022, according to the figures published by the Czech Insurance Association (CAP). The professional association of Czech insurers informed that during last year, it inspected a total of 13,820 suspected claim files, up by 21% y-o-y, the aggregate value of detected fraud totaling CZK 1.42 billion - or ~EUR 59 million (up by CZK 173 million, or by 14% y-o-y). The average amount of detected fraud / claim file reached CZK 231 thousand (vs CZK 249 thousand in 2021 or CZK 288 thousand in 2020).

The Supervisory Board of NN Group intends to reappoint David Knibbe as member of the Executive Board of NN Group and to designate him again as Chief Executive Officer (CEO) and chair of the Executive Board for a term of four years, as the Dutch group announced in a statement.

The insurance market of Armenia ended 2022 at a historical maximum of premiums and paid claims. The increase in paid claims was imperceptible, while the increase in premiums was double-digit, which allowed the insurance sector to receive a net profit of AMD 4 billion (USD 10 million), with a 5.5-fold annual growth, ArmInfo reports.

The parliamentarians face the task of forming a single insurance market of the Union State, the Deputy Chairman of the Commission on Legislation and Regulations of the Parliamentary Assembly of the Union of Belarus and Russia, Chairman of the Standing Commission on Legislation and State Building of the Council of the Republic, Sergei Sivets said, BELTA reports.