News - Insurance
ЕЕЕC acquired full control of EDG West and Electrohold Sales
Eurohold`s energy subholding bought all remaining shares of minority shareholders for c. BGN 7.8 million (EUR 4 million) and both companies will be delisted from the Public Companies Register
14 September 2022STATISTICS: Czechia, CAP: Insurance market continues to strengthen exceeding CZK 80 billion at the end of June
According to the H1 2022 figures released by the Czech Insurance Association - CAP, the aggregate GWP of member companies reaches at the end of June 2022 - the value of CZK 80.1 billion (EUR 3.2 billion) up by 7.8% y-o-y.
14 September 2022STATISTICS: Slovakia 1H2022, SLASPO: Insurers' business increased to EUR 1.31 billion
According to the half-year figures published by SLASPO (Slovak Insurance Association), at the end of June 2022, total GWP from the members of the association totaled EUR 1.31 billion, up by 4.39% y-o-y.
14 September 2022Talanx CEO Torsten Leue's contract renewed ahead of schedule
The Supervisory Board reappointed in mid-August Torsten Leue as Chairman of Talanx AG's Board of Management, and has extended his contract ahead of schedule until May 2028.
13 September 2022MetLife names Ben Cushman Head of Global Regulatory Policy
MetLife announced that Ben Cushman has been appointed as the head of Global Regulatory Policy. He will be based in Washington, D.C., and report to Susan Greenwell, senior Vice President and Head of Global Government Relations.
13 September 2022Aon appoints Adriana Karaboutis to Board of Directors
Aon announced that Adriana Karaboutis, Chief Information and Digital Officer of National Grid plc, has been appointed to its Board of Directors. The Board expects to appoint her to the Audit Committee of the Board and the Compliance Sub-Committee of the Audit Committee.
13 September 2022The Geneva Association: Anchoring Climate Change Risk Assessment in Core Business Decisions in Insurance
The Geneva Association has released a report titled "Anchoring Climate Change Risk Assessment in Core Business Decisions in Insurance", featuring business use cases and new insights into regulatory priorities to offer re/insurers guidance on implementing climate change risk assessment to produce decision-relevant information.
13 September 2022Talanx reconfirmed YE outlook for Group net income in the range of EUR 1.05-1.15 billion
The Talanx Group lifted both premiums and Group net income in the first half of 2022. Gross written premiums saw a clear double-digit rise of 17.7% y-o-y period to EUR 28.3 billion.
13 September 2022UKRAINE: at the end of June, the number of insurers decreased to 137 from 181 a year earlier
The volume of net premiums of Ukrainian insurers in January-June 2022 decreased from UAH 23.5 billion to UAH 17.7 billion/~EUR 0.57 billion (-24.6% y-o-y). UAH 2.22 billion were ceded to reinsurance, Forinsurer wrote, citing data from the National Bank of Ukraine.
13 September 2022Munich Re: despite the macroeconomic challenges and the impact of climate change, the company remains firmly on track to meet its 2025 strategy targets
Munich Re's Economic Research Department estimates that the reinsurance sector will grow by 2-3% worldwide from 2022 to 2024, when adjusted for inflation with the strongest growth likely to be in Latin America, at 4-5%, as the company's recent press-release said.
13 September 2022MOLDOVA: the number of premiums under agricultural risk insurance contracts in the first half of 2022 increased by 40%
In Moldova, the number of premiums collected by insurance companies under agricultural risk insurance contracts in the first half of 2022 increased by more than 40% compared to the same period last year, east-fruit.com wrote.
13 September 2022KAZAKHSTAN: at the end of July the market expanded by 7.8% y-o-y
Assets of re/insurance companies increased to KZT 2 trillion(~EUR 4.09 billion) in July 2022, their growth since the beginning of the year amounted to 9.6%, mainly due to the growth of income from insurance activities and revaluation of the financial instruments in foreign currency, Allinsurance.kz reports with reference to the Agency of the Republic of Kazakhstan for Regulation and development of the financial market.
13 September 2022CROATIA: The market in August 2022 grew by 8.13%
According to the cumulative data of the Croatian Insurance Authority for August 2022, total GWP of the market reached HRK 8.79 billion (~EUR 1.16 billion), which represents an increase of 8.13% y-o-y, osiguranje.hr reports.
13 September 2022BULGARIA: ABZ: Only 6-7% of the properties of individuals are insured
In the last 10 years there has been no change in home property insurance - only 6-7% of the properties of individuals are insured in Bulgaria. This is an extremely low percentage, especially considering that the majority of people live in their own homes, said Konstantin VELEV, Chairman of the Board of the Association of Bulgarian Insurers (ABZ) in his interview on September 09.
13 September 2022Lloyd's reports strong underwriting result in HY 2022 results
Lloyd's of London announced an improved underwriting result for the first six months of 2022, with an underwriting profit of GBP 1.2? (HY 2021: GBP 0.96 billion) and a combined ratio of 91.4% (HY 2021: 92.2%).
13 September 2022RVS 2022: SCOR is continuing to find opportunities in the difficult environment
The challenging macro-economic landscape will be a net positive for both risk carriers and "volatility takers", according to SCOR chief executive Laurent ROUSSEAU, who spoke during the global reinsurer's press briefing at RVS 2022 in Monte Carlo.
13 September 2022Draft minimum safeguards for EU Taxonomy welcomed, rules must align with other upcoming sustainability reporting legislation
Insurance Europe has responded to a call for feedback on the EU Platform on Sustainable Finance’s (PSF) draft report on minimum safeguards (MS). This is welcomed by the industry since the draft aims to advise the European Commission on the application of MS as set out under Article 18 of the EU Taxonomy Regulation.
12 September 2022Meet the latest XPRIMM reports in Monte Carlo
XPRIMM reports will be again present at Rendez-Vous de September, in Monte Carlo, between 11 and 14 September, at XPRIMM both in the Fairmont Hotel, EXHIBITOR'S VILLAGE, Salle d'Or 1.
8 September 2022MOODY'S: Alternative capital market poised to resume growth on higher reinsurance pricing
"With reinsurance pricing continuing to move up, alternative capital capacity is poised to break out above the USD 100 billion level and resume its growth trend as higher pricing is likely to attract additional capital inflows from institutional investors," a recent analysis by Moody's concluded.
8 September 2022STATISTICS: Turkish insurers' GWP almost doubled in local currency in H1 2022
The GWP of Turkish-based insurers rose 93% on the year in the first six months of 2022, reaching TRY 91 billion (EUR 5.2 billion), data of the Insurance Association of Turkey showed.
8 September 2022
