News - Insurance
AZERBAIJAN: in 10M2022 the insurance sector grew by 13% y-o-y
In January-October 2022, 20 Azerbaijani insurers collected premiums in the amount of AZN 797.625 million (EUR 471.96 million), which is 13% more than a year earlier for the same period, ABC.AZ reports citing the Central Bank of Azerbaijan.
ARMENIA: Health insurance to cover all segments of the population by 2027
Full launch of health insurance in Armenia will be completed by 2027, ArmInfo wrote referring to the statement of the Minister of Health Anahit Avanesyan.
CAP: Every Czech has at least one insurance policy
Every Czech has at least one insurance policy according to a Survey published by Czech Insurance Association - CAP, about the perceptions of the insurance industry and conducted by the independent research agency SC&C.
Zavarovalnica TRIGLAV: David BENEDEK to leave the Management Board position on 1 December 2022
According to an announcement published on Ljubljana Stock Exchange website, David BENEDEK, Board Member, Zavarovalnica TRIGLAV will leave its position on 1 December 2022.
STATISTICS: Kosovo insurers posted 3Q2022 net profits worth EUR 5.5 million
The GWP of Kosovo insurers increased by 11.3% y-o-y to EUR 98.3 million during January-September 2022 while total gross claims paid increased by 2.2% y-o-y to EUR 46.6 million, as official monthly figures published on the website of the Central Bank showed.
STATISTICS: BiH insurers' 9 months business extended by 8.15% y-o-y
The insurance market of Bosnia and Herzegovina ended the first nine months of the current year with aggregate gross written premiums worth BAM 668.66 million (~EUR 341.88 million) vs. BAM 618.26 million (~EUR 316.11 million) a year before, according to the January-September 2022 market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.
STATISTICS: Albanian insurers' GWP expanded by 9.5% y-o-y during the first three quarters
Albanian insurance market posted January-September 2022 GWP of ALL 15.50 billion (~EUR 133 million), or 9.5% more y-o-y, according to the 3Q2022 figures published on the website of the local financial supervisory authority - AFSA.
STATISTICS: MOLDOVA, 3Q2022: GWP and paid claims see growth almost at the same level
The insurance market of Moldova at the end of 3Q2022 grew by 26.56% to MDL 1.82 billion (EUR 95.84 million), according to data published by the National Financial Market Commission. Paid claims reached MDL 585.80 million (EUR 30.84 million), which is 25.41% more than in the same period of 2021.
Triglav Group, 3Q2022: good results despite challenging conditions; year-end target profit maintained
Despite challenging business conditions, Slovenian Triglav Group increased its total revenue by 10% to EUR 1,241.1 million in the first 3Q of 2022, achieved a favorable combined ratio of 89.5% and generated EUR 89.2 million in profit before tax, down by 3% relative to the same period last year.
PZU Group, 3Q2022: Premium growth dynamics highest in a year supported by the non-life segment
The value of insurance premiums collected by the PZU Group throughout the first three quarters of 2022 exceeded PLN 19 billion (~EUR 4.05 billion), 4.3% up y-o-y. In Q3 alone, GWP growth rate was the highest in a year (12.1% y-o-y), thanks to the rapidly growing sales of non-life insurance, motor insurance in particular.
Alexander SARRIGEORGIOU named vice-president of Insurance Europe
Alexander SARRIGEORGIOU, chairman of the Hellenic Association of Insurance Companies, and chair and CEO of Eurolife FFH, has been elected vice-president of Insurance Europe, the European insurance and reinsurance federation, with a mandate running until June 2025.
SCOR Investment Partners expands its sustainable investment offering, with the launch of a corporate loan fund focused on the preservation of natural capital
SCOR Investment Partners, announced the launch of a new corporate loan fund focused on environmental sustainability and the preservation of natural capital: SCOR Euro Loans Natural Capital, thus reaffirming its position as a responsible investor focused on increasing its sustainability linked platform.
STATISTICS: AZERBAIJAN, 3Q2022: life insurance continued to grow, taking over half of the market portfolio
Azerbaijan's insurance sector ended 3Q with an increase of 12.24%, reaching AZN 731.22 million (EUR 438.62 million). At the same time, paid claims decreased by 14.69% to AZN 318.61 million (EUR 191.12 million), according to the statistics published by the National Bank.
STATISTICS: KYRGYZSTAN, 3Q2022: the market is up by more than 51% y-o-y
3Q2022, the insurance sector of Kyrgyzstan ended with impressive growth y-o-y - by 51%, reaching KGS 1492.37 million (EUR 19.26 million), according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic.
UNIQA reported increasing business during 3Q2022
Austrian insurance group UNIQA generated premiums worth EUR 5.03 billion (+4.3% y-o-y) in 9M2022, due to increases recorded in all business lines: property and casualty insurance grew by 5.5% (to EUR 2.83 billion), health insurance by 4.9% (to EUR 963.6 million) and life insurance by 1.2% (to EUR 1.23 billion).
SAVA Group achieved 9 months net profit of EUR 46.5 million, 77.5% of the FY2022 target
Slovenian re/insurance Group SAVA announced it has generated a net profit of EUR 46.5 million in the first nine months of 2022, reaching 77.5% of its annual target.
UKRAINE: ARX insurance group collected over UAH 2 billion in 9M
Total GWP of insurance companies ARX (risk insurance) and ARX Life (life insurance) for 9 months of 2022 amounted to UAH 2.1 billion (~EUR 58.25 million). ARX for the reporting period collected UAH 1.96 billion and concluded 2.4 million insurance contracts with clients, which is 35% more y-o-y, Forinsurer writes.
KYRGYZSTAN: for 9M2022, total income of the insurance sector increased 1.4 times
In January-September 2022, total income of 14 insurance companies operating in the market increased 1.4 times y-o-y, amounting to KGS 1.8 billion (EUR 22.90 million), according to the National Statistical Committee of the Kyrgyz Republic.
KAZAKHSTAN: Over the past three years, insurance sector's assets have grown by 74.6%, and GWP by 69.1%
Over the past three years, the assets of insurance companies have grown by 74.6% to KZT 2 trillion (~EUR 4.35 billion).
CROATIA: moderate market growth by the end of October supported by the non-life
According to the data of the Croatian Insurance Agency for October 2022, GWP of insurance companies reached HRK 10.64 billion (~EUR 1.41 billion), which is 7.62% more compared to the same period of 2021, www.svijetosiguranja.eu wrote.
29 November 2022