During H1 2022, the Lithuanian insurance market grew by 19.4% y-o-y (or by EUR 97 million) to EUR 598 million, while the value of payments expanded by 36% y-o-y to EUR 328 million, according to the market figures published by the Bank of Lithuania.

In the second quarter of 2022 motor and travel insurance have recovered, while life insurance (single premium) and corporate property insurance have grown. The insurance sector's premium income has increased by 20%, portfolio.hu wrote.

The largest growth in sales in the first half of the year was in travel insurance, with 155,000 people insured, up nearly 87,000 more insureds or twice as much as the same period in 2021. There is a slight decrease in sales of property insurance, while demand for private health insurance continues to grow, albeit at a lower intensity, the ISA (Insurance Supervision Agency) said.

A torrential rain caused rivers and streams to overflow flooding several villages in Bulgarian Plovdiv Province on 02 September 2022, leaving over 500 people in need of safe housing by damaging several hundred houses, as well as infrastructure.

Aon plc a leading global professional services firm, 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.

The CIS regional insurance market* ended the first quarter of 2022 with a decrease of 6.30% in EUR from a year ago, amounting to EUR 5.99 billion, according to xprimm statistics.

According to the 1H2022 results, the Georgian insurance market grew by 12.49% y-o-y, total GWP reached GEL 504.67 million (EUR 163.74 million), according to the Georgian Insurance Supervision Service.

The insurance sector of Ukraine ended the first quarter of 2022 with a decrease of 19% y-o-y, total GWP amounted to UAH 9.52 billion (EUR 292.15 million). The decline was recorded by both non-life insurance (more than 21%) and life insurance (by almost 3%), as shown by data published by the National Bank of Ukraine.

Polish insurance group PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) announced that on 1 September 2022 on the occasion of Company's Extraordinary Shareholder Meeting, Piotr Wachowiak was appointed as Member of the Company's Supervisory Board. "The resolution came into force upon its adoption".

GWP under Green Card policies in Ukraine in January-July 2022 increased by 2.15 times compared to the same period in 2021 to UAH 2 billion (~EUR 52.85 million), Forinsurer wrote.

In Moldova, the cost of MTPL policies has increased. The decision was taken by the National Commission for Financial Markets (CNPF) on August 9 and entered into force on September 2, from the moment of publication in Monitorul Oficial.

Italian insurer Generali informed it has completed the acquisition of the majority stakes in the AXA-Affin joint ventures in Malaysia, therefore becoming a top-tier General Insurer player in the country, in line with its strategy to strengthen its leadership position in high potential markets.

The rating agency S&P Global Ratings (Agency) affirmed the "A" (strong) insurer financial strength rating of Sava Re d.d. and Zavarovalnica Sava d.d., maintaining the stable outlook, the Slovenian company announced.

Polish insureds received nearly PLN 22.5 billion (~EUR 4.8 billion) in insurance claims and benefits in 1H2022, according to the data of the Polish Chamber of Insurance (PIU), which is 12.9% more y-o-y. Most payments related to property damage, mainly concerning fire and other elements.

On August 29, the Board of the Polish Insurance Guarantee Fund elected Piotr Zadrozny, the president of the management board of TUZ Ubezpieczenia, as Chairman. Rafal Stankiewicz, vice-president of the board of Warta will continue to serve as Vice-Chairman.

XPRIMM: In January-June 2022, the Ukrainian MTPL market has reduced by 13.4% in terms of premiums, and insurance companies - the MTIBU members have concluded 28.1% fewer insurance policies than in the same period of the previous year. Could you please comment on these figures - What factors did contribute to them?

For the first time in the history of the local insurance market, private health insurance took the lead in terms of the number of claims paid. Over 40% of all claims paid are for medical expenses reported by insureds who have private health insurance, the ISA (Insurance Supervision Agency) said.

In July, Riga Airport served twice as many passengers as a year ago. Insurance companies in Latvia have received three times more claims under travel insurance. Although the intensity of tourism has not yet returned to the pre-Covid level, this summer is very active for both travelers and insurers, said Janis ABASINS, president of the Latvian Insurers' Association.

At the end of June 2022, the Albanian insurance market totaled ALL 9.77 billion (~EUR 82 million), experiencing an increase by 10.25% compared to January - June 2021, official half-year data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

At the end of the first half-year of 2022, the BiH insurance market totaled EUR 227.4 million (BAM 444.7 million), 9.4% more y-o-y, as statistics from the local insurance agency - AZOBIH shows.