The insurance sector of Armenia ended 1H2022 with total GWP worth AMD 33.82 billion (EUR 79.87 million), which is 27.30% more y-o-y. Paid claims decreased by about 3% to AMD 13.18 billion (EUR 31.13 million), according to the data provided by ArmInfo.

According to a current survey, Czechs would most often turn to the Czech Association of Insurance Companies (CAP) in the event of disagreements with an insurance company. Either directly or through the Office of the CAP Ombudsman, whose main task is consumer protection.

Global estimated insured losses from natural catastrophes in first half of 2022 totaled USD 35 billion, 22% above average of past ten years (USD 29 billion), according to Swiss Re Institute's preliminary estimates.

Paid claims for fire damages in the Czech Republic throughout the first half of the year amounted to about CZK 1.4 billion (EUR 56.8 million), while damages from storms reached approx. CZK 1.2 billion (EUR 48.7 million), the Czech Association of Insurers (CAP) said.

In 1H2022, the UNIQA Insurance Group AG (UNIQA) generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds. Premiums written grew by 3.8%, to EUR 3,436.0 million.

The 22% increase in the MTPL tariffs adopted by Serbian motor insurers in the first week of August started a heated debate between the market players and the National Bank of Serbia (NBS) - the market supervising authority.

In the first half of 2022, the number of Green Card policies concluded in Ukraine more than doubled (+119%), exceeding the corresponding period in 2021, amounting to 720,000 units. This figure has almost reached the level of the first half of the "pre-COVID" 2019, according to a press release from the MTIBU (Motor Transport Insurance Bureau of Ukraine).

Insurers - full members of the MTIBU, who have the right to conclude international Green Card insurance contracts, will offer car owners an opportunity to conclude such contracts in electronic form from September 1, according to a press release from the MTIBU.

In the first six month of the year, the number of complaints for damages resulting from motor liability and property was the most numerous. The biggest growth was observed in complaints related to the period of claim settlement, the ISA (Insurance Supervision Agency) said.

According to the results of the first half of 2022, revenues of 14 insurance companies of Kyrgyzstan increased by 23% y-o-y and amounted to KGS 1.2 billion (~EUR 14.36 million). At the same time, the largest part (85%) was received from insurance premiums, according the National Statistical Committee of the Kyrgyz Republic.

In August, the Armenian government approved the proposal "On signing of an agreement on the establishment of the Eurasian Reinsurance Company", ArmInfo reports.

Insurers across the 17 CEE markets under the scope of the XPRUIMM reports ended 1Q2022 with GWP amounting to EUR 11.4 billion, up by 10.20% y-o-y. Paid claims increased at a higher pace of 15.6%, to EUR 6.35 billion.

Slovenian insurers reported GWP up by 5.08% y-o-y in 1Q2022, to EUR 762.2 million. The trend setter was the non-life segment which provided for about 93% of the y-o-y additional premiums volume. Paid claims went up by about 12,6%, to EUR 453.7 million, mostly driven by the health insurance line.

Insurance Europe has responded to a consultation conducted by the International Association of Insurance Supervisors (IAIS) on draft criteria to assess whether the Aggregation Method (AM) provides comparable outcomes to the Insurance Capital Standard (ICS).

Slovenian Sava Insurance Group generated a net profit of EUR 28.9 million in 1H2022, which is 48.2% of the annual target. The Group achieved operating revenue of EUR 364.2 million, representing 52.0% of the full-year target, the Group announced.

For a second-straight year Munich Re holds the top spot in AM Best's annual ranking of the Top 50 Global Reinsurance groups in 2021, followed by Swiss Re Ltd. The two global reinsurers together account for 24.3% of top 50 reinsurance gross premiums written in 2021.

Almost every third of the drivers that responded to the latest driver awareness survey organized by the Polish Chamber of Insurance (PIU) consider that speeding by 30 km/h is not dangerous despite being one of the main causes of road accidents, right after forcing the right of way.

Georgian insurer ARDI announced the appointment of Mr. Wolfgang Wand as the Executive Deputy of the Ardi Supervisory Board.

At the beginning of October, over 200 leading insurance and legal professionals, academics and regulators from over 30 countries will be participating in Zurich for the 9th AIDA Europe Conference.

Austria based Vienna Insurance Group (VIG) ended the first half of 2022 with strong premium and profit growth and very good combined ratio: while GWP went up by 11.6% to EUR 6.44 billion, the profit before taxes increased by 10.3% to EUR 277.3 million, supported by the improving technical indicators.