PASHA Life, the country's leading life insurance company, took the leading position among insurance market participants in terms of GWP in 2022. The company set a new record in the insurance market, having collected AZN 407 million (EUR 224.68 million) for all products and made insurance payments to its customers in the amount of AZN 221 million (+17%), Trend wrote.

Acredia, the leading company for credit insurance on the Austrian market, specialized in debt collection and protection, strengthens its position on the Croatian market, svijetosiguranja.eu wrote.

MTPL market in Ukraine in 2022 decreased by 2.6% y-o-y, amounting to just over UAH 7 billion (~EUR 0.17 billion), including UAH 4.8 billion (+19%) collected under electronic insurance contracts, Forinsurer reports with reference to the MTIBU (Motor Transport Insurance Bureau of Ukraine).

Global reinsurer Swiss Re reported a net income of USD 472 million for 2022, with a net income of USD 757 million in the fourth quarter. For 2023, the reinsurer said it targets a net income of more than USD 3 billion, "supported by successful P&C Re renewals, an expected decline in COVID-19 claims, higher interest rates and cost discipline".

Austrian insurance group UNIQA informed it expects to report significantly improved consolidated earnings before taxes for the financial year 2022 in the range of EUR 420 million to EUR 425 million, better than expected, as compared with EUR 382.3 million a year before.

Bulgaria-based holding company Management Financial Group (MFG) said on Friday that it is entering the market of general insurance to expand its portfolio of services, SEE News reported.

The earthquake in Turkiye could result in a loss of up to 1% of the country's 2023 gross domestic product, the European Bank for Reconstruction and Development (EBRD) said in a report quoted by Reuters. This loss will add to the current economic difficulties of the country.

The insurance sector of Armenia ended 2022 with an increase of almost 24% (in AMD). Total volume reached AMD 61.08 billion (EUR 145.42 million). It is worth noting that paid claims increased very slightly in local currency, by only 3%, to AMD 29.42 billion, according to the data, provided by ArmInfo.

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 4.85 billion at the end of 2022, up by 4.2% y-o-y.

CEE insurance market totaled EUR 31.98 billion, (up by 5.37% y-o-y) at the end of September 2022, according to the insurance statistics centralized by xprimm.com. At the same time, the value of paid claims was up by almost 9% to EUR 18.50 billion.

With an average growth of the insurance market from 2% to 6%, the largest growth in 2022 was recorded by Imkliva Insurance (+36%), while among state insurers, Belgosstrakh had the largest growth rate (+11%).

Overall profitability of the Czech non-life market is among the strongest and most stable in Europe, with a track record of solid and stable underwriting performance, with low risk investment strategies, the recent S&P's report shows.

According to the Estonian Traffic Insurance Fund (LKF), insurance mediators resolved 293 disputes last year, 171 of which ended with an agreement between insurance companies and clients. The number of home insurance, comprehensive insurance and travel insurance disputes increased the most. The largest disputed amount was EUR 176,500 and the smallest was EUR 90.

According to the analytical center of the Association of Financiers of Kazakhstan (AFK), in 2022, the structure of the reinsurance market in Kazakhstan has undergone noticeable changes. The volume of the domestic and inward reinsurance market has grown significantly, Allinsurance.kz wrote.

Euroins Ukraine, a subsidiary of the international insurance group Euroins Insurance Group (EIG), collected UAH 469.1 million (~EUR 11.95 million) in 2022, which is 20% less than in 2021, Forinsurer reports.

Courtesy to Mrs. Selva Eren, CEO of Türk Reasürans AŞ, ths reinsurance company that carries out the technical operations of the Turkish Catastrophe Insurance Pool (TCIP), we have received a report on TCIPs operations throughout the first week after the catastrophic earthquakes that hit Türkiye on 5-6 February 2023.

Allianz Group announced that it would make available six million euros to support relief and recovery efforts following the earthquakes in Türkiye and Syria, including up to one million euros to match the donations of its employees and tied agents. 

In response to the earthquake that struck Türkiye and Syria, Italian insurer Generali informed it supports the impacted populations with a donation to UNICEF and other local programs as well as with a global fundraising campaign to be matched by Generali.

Eurohold Bulgaria, a leading energy and financial group in Southeast Europe, accuses an organized attack against Euroins Romania, the largest insurer on the Romanian insurance market and the biggest unit of Euroins Insurance Group, the holding's subsidiary insurance group.

Global insurance broker WTW announced Q4 2022 revenue worth USD 2.72, an increase of 1% as compared to the same period in the prior year, while for the year ended December 31, 2022 the company reported revenue worth USD 8.87 billion vs. USD 9.0 billion for the prior year.