According to the Estonian Insurance Companies Union (EKsL) and Market Research survey, half of Estonians have bank loans. At the same time, a quarter of people would not be able to cope in case of loss of income of one family member.

On October 28, 2022, ERGO pojistovna changed its name to SV pojistovna, opojisteni.cz wrote here. Thus, the change of ownership of insurer to the German financial group SV Holding AG based in Dresden completed in November 2021, is publicly visible, opojisteni.cz informed.

Gross written premiums amounted to EUR 22.17 billion at regional level, up by almost 7% y-o-y. At the same time, claims paid increased by 11.5% y-o-y, to EUR 12.64 billion.

Hannover Re considers its earnings guidance for the 2022 financial year still achievable despite the 3Qs significant natural catastrophe expenditures that pushed up the combined ratio to 99.2%. Gross premium grew by 21%, while the group's operating profit rose by 3.7%, to EUR 1,328 million.

AXA's gross revenues went up by 2% on a comparable basis, to EUR 78.4 billion in 9M 2022. In P&C Commercial lines, insurance revenues increased by 6% to EUR 24.4 billion. Estimated claims from Hurricane Ian of EUR 0.4 billion, gross of tax and net of reinsurance.

Europe's insurers and reinsurers wish to reiterate their willingness to continue playing their important role in climate change mitigation and adaptation in support of the goals of the UN Paris Agreement and the European Green Deal.

While 82% of Romanians are aware of the obligation to have a mandatory insurance policy against natural disasters for their home, only 20% of the 9.6 million homes are protected by a compulsory PAD policy.

At the end of September 2022, the insurance market of Montenegro totaled EUR 82.79 million, 11.23% more y-o-y, while the value of paid claims by insurers totaled EUR 33.11 million, up by 7.45% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.

The insurance sector of Kazakhstan ended three quarters of 2022 with an increase of 12% y-o-y in local currency. Total GWP volume reached KZT 677.83 billion (EUR 1.46 billion). At the same time, insurers' paid claims increased by almost 54%, to KZT 139.75 billion (EUR 302.37 million), according to the data published by the National Bank.

The business of the 15 th Croatia-based insurers members of HUO - Croatian Insurance Bureau - totaled HRK 9.73 billion (~EUR 1.29 billion) at the end of the third quarter of the year, up by 7.9% y-o-y, according to the monthly figures published by the Insurance Bureau on its website.

Reinsurer Hannover Re announced that Gunilla Pendt takes over the responsibility for Corporate Communications as of 1 November 2022. Karl Steinle, previously Head of Corporate Communications, will take over as Head of Investor and Rating Agency Relations at Hannover Re.

CROATIA osiguranje Group - one of the largest insurers in Adriatic region with operations in Croatia, Bosnia-Herzegovina, North Macedonia, Serbia and Slovenia, posted January-September 2022 consolidated net profit of HRK 321.6 million (~EUR 42.7 million), which represents an increase of 0.8% compared to the comparative period of the previous year.

Swiss Re reported a net loss of USD 285 million for the first nine months of 2022- compared with a net income of USD 1.3 billion for the same period last year, - driven by a USD 442 million net loss in the third quarter. The decline was mainly driven by significantly lower investment results, large natural catastrophe claims of USD 2.7 billion as well as first-quarter reserves of USD 283 million related to the war in Ukraine, as the reinsurer mentioned in a statement.

Global re/insurance broker MMC posted Q3 2022 aggregate revenue of USD 4.8 billion, an increase of 4% compared with the third quarter of 2021. Q3 operating income was USD 791 million, an increase of 7% from the prior year.

The TAS insurance group, which is one of the five leaders in the insurance sector of Ukraine, paid UAH 675.64 million (~EUR 18.74 million) under insurance contracts in January-September this year, Forinsurer wrote.

The National Bank of Tajikistan (NBT) has revoked licenses for two companies operating in the country's insurance market, tj.sputniknews.ru reports according to the press service of the Tajik regulator. KAFIL and Bakel-Tilli Tochikiston had their licenses revoked.

The Ministry of Economy and Commerce of Kyrgyzstan presented an amendment to the legislation of the republic, which will allow the government to fully launch MTPL insurance. This addition to the road traffic rules of the Kyrgyz Republic will oblige drivers, at the request of inspectors of the patrol service, to present an insurance policy for verification, the source wrote.

According to the Executive Director of the Central Bank of Azerbaijan (CBA) Ziya ALIYEV, CBA is working on digitalization of compulsory real estate insurance processes, Trend wrote.

Over the first 9 months of this year, Armenian insurers made a profit mainly from MTPL and health insurance - AMD 8.1-7.6 billion, followed by property insurance, Motor Hull, accidents insurance - AMD 3.6-1.3 billion, according to the data from insurers' reports provided by ArmInfo.

There is a strong slowdown in the GWP growth in the Armenian agroinsurance sector, while paid claims keep growing rapidly, which, according to experts, is mainly due to the negative impact of abnormal weather conditions on crop yields, including agricultural risks covered by insurance, ArmInfo reports.