French reinsurer SCOR announced the appointment of David Guest as Head of Crisis Management for SCOR UK and the SCOR Syndicate. His remit includes Terrorism and Political Violence and is effective 24 October 2022.

Prague-based reinsurer VIG Re part of Austrian Vienna Insurance Group announced that on 17th October 2022, Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s.

Alike all countries and economic sectors, Turkiye and its insurance market were not spared from challenges throughout 2021 and 2022. XPRIMM's Insurance Profile Turkiye FY2021 and 1H2022 will be available in Baden Baden once again to reveal the most important market trends.

Except for Poland, all CEE markets saw a positive dynamic, in many cases at double-digit rates in the first half 2022. While confronted with a new economic crisis at a time when everybody was only hoping for recovery, the region's insurers managed push forward their business and overcome challenges, the XPRIMM Insurance Report CEE, SEE & ex-USSR for 1H2022 shows.

While reporting record a high growth rate in the first half of 2022, the Romanian insurance market had to cope in 2021 and even in the first part of the current year with a rather harsh economic environment, the latest XPRIMM Insurance Profile Romania FY2021-1H2022 shows. Pick your complimentary copy in Baden Baden.

In 2021, GWP by Georgian insurers increased by 16% to ~EUR 220 million, but insurers' profitability stalled, mostly because of the increasing claims expenses and local currency exchange rate's oscillations throughout the year, XPRIMM's Insurance Profile Georgia FY2021 & 1H2022 shows. The report will be available in Baden-Baden.

Euroins Romania, the MTPL market leader in Romania, with an almost 32% market share on this LoB, increased its effort to extend the company business on the facultative insurance side. Non-MTPL GWP and number of contracts more than doubled in Q2 2022, the company said.

In terms of gross written premiums (GWP), the Netherlands' non-life insurance industry is expected to grow at a compound annual growth rate (CAGR) of 3.8%, from EUR 64.4 billion (USD 76.2 billion) in 2021 to EUR 77.6 billion (USD 94.1 billion) in 2026, according to GlobalData.

Cypriot insurers posted H1 2022 aggregate GWP of EUR 528.9 million, up by EUR 52.4 million (or by 11% y-o-y), according to the half-year market figures report published by the Insurance Association of Cyprus - IAC.

According to the 2022 H1 figures published by the National Bank of Slovakia, the net profits of local insurers amounted to EUR 89.92 million, which was a 21% decrease as compared to 30 June 2021 (EUR 114.74 million).

Serbian insurance market expanded by almost 12% y-o-y during H1 2022 to RSD 67.56 billion (~EUR 575.5 million), according to the quarterly figures published on the website of National Bank of Serbia (NBS).

According to the market regulator, in the first six months the insurance market maintained stability and a positive direction of development, which is a good result in view of the serious challenges such as political instability, economic difficulties and inflation, problems with the entire chain of supplies caused by the pandemic and the war in Ukraine, Association of Bulgarian Insurers (ABZ) wrote.

The assets of the insurance sector of Kazakhstan at the end of August 2022 increased by 0.7% to KZT 2 trillion/~EUR 4.23 billion (an increase of 10.3% since the beginning of 2022), mainly due to an increase in income from insurance activities.

According to the CUK Ubezpieczenia data, MTPL average rate in Poland in September was 2.2% lower than in January. On the other hand, the average price of Motor Hull increased significantly (10%), Gazeta Ubezpieczeniowa reports.

Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, net of retrocessions and before tax, resulting in an expected Group net loss of approximately USD 0.5 billion for Q3 2022.

AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel ("GACM SA") for the potential acquisition of its subsidiary Groupe Assurances du Credit Mutuel Espana ("GACM Espa?a"), a predominantly P&C and Health insurer in Spain.

Global natural disaster events to the end of Q3 2022 caused total economic losses estimated at minimally USD 227 billion - of which USD 99 billion were covered by public and private insurers - representing a protection gap of 56%, the latest Aon Global Catastrophe Recap report shows.

The health insurance system in Armenia will be introduced in stages until 2027, as stated by Health Minister Anahit AVANESYAN, ArmInfo wrote.

At the end of September, the PZU SA Management Board adopted a resolution approving the acquisition of 14.2 million PKN Orlen shares - an oil company - from the State Treasury.

Dutch insurance group Aegon announced that it has successfully completed the divestment of its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco.