News - Insurance
HUNGARY: the Hungarian travel insurance market is recovering this year
The number of travel insurance policies sold by mid-May is already approaching the level of the same period in 2019 before the pandemic as lifting of the restrictive measures of previous years has brought back the desire to travel, portfolio.hu wrote.
2 June 202234th Milli Re International Insurance Tennis Tournament
Organized by Milli Re, the 34th round of the traditional "International Insurance Tennis Tournament" took place at Miltas-Suadiye Sports Complex of Istanbul, with the participation of 64 competitors comprised of 49 local and 15 foreign market players from 44 companies.
2 June 2022STATISTICS: MOLDOVA, 1Q2022: the insurers' business expanded by more than 24% y-o-y
In the first quarter of 2022, the insurance sector of Moldova grew by more than 24% y-o-y to MDL 485.23 million (EUR 23.80 million). Paid claims also recorded a fairly strong growth - by 17%, amounting to MDL 185 million (EUR 9.07 million), according to the data published by the National Financial Market Commission.
2 June 2022STATISTICS: ARMENIA, 1Q2022: the number of travel insurance contracts concluded during the quarter recorded, 2.5 times higher y-o-y
The insurance sector of Armenia ended the first quarter of 2022 with GWP worth AMD 20.31 billion (EUR 37.67 million), which is 24.21% more y-o-y. At the same time, paid claims decreased by 13.18% to AMD 6.07 billion, according to the data on the activities of insurance companies provided by ArmInfo.
2 June 2022Prague: UNSAR is fully supporting the Insurance Europe's efforts to reduce the protection gap
"The scale of protection gaps is huge. Given climate change, the questions is if the protection gaps can be reduced and is yes, how so. We need a collective response from all stakeholders,' Andreas BRANDSTETTER, President, Insurance Europe stated today in Prague, at the European federation of insurers' annual conference.
2 June 2022LIVE: 12th Insurance Europe International Conference
The 12th edition of Insurance Europe's International Conference organized under the titles of "CLOSING THE GAP: Protection for all" takes place today in Prague, at the Zofin Palace. XPRIMM is supporting the conference as Media Partner.
2 June 2022GEORGIA: insurers' net profit drops 2.8 times y-o-y in the first quarter of 2022
For the period from January to March 2022, net profit of the Georgian insurance sector (18 insurers) decreased by 2.8 times y-o-y and amounted to GEL 4.7 million/EUR 1.36 million (vs GEL 13.5 million a year earlier), writes Business Georgia.
2 June 2022Eurohold Group's revenue more than quadrupled in Q1 2022
Bulgarian holding Eurohold reported record-breaking revenue and nearly tripled its profit in the first quarter of 2022, according to the company's consolidated interim financial statement.
2 June 2022Romania: SIGNAL IDUNA acquisition of ERGO companies greenlighted by the market authority; integration process to start
The Romanian subsidiary of the German SIGNAL IDUNA group has received all the approvals from the Financial Supervision Authority (ASF) and announces the completion of the transaction and the beginning of the integration process of the two ERGO companies (life and non-life insurance).
31 May 2022Barry ZURBUCHEN appointed as a Non-Executive Director to the Board of Directors of Peak Capital Ltd.
Peak Capital Ltd. ("Peak Capital"), the wholly-owned Bermuda subsidiary of the Hong Kong-based global reinsurer, Peak Reinsurance Company Limited, has appointed Mr. Barry Zurbuchen as a non-executive director to its Board of Directors, effective 31 March 2022.
31 May 2022Munich Re invest in TreeTrust's afforestation projects aiming to climate protection
TreeTrust, a Munich Re corporate venture, brokers and structures high-quality afforestation projects for carbon removal. Its first two clients, the Vaillant Group and Munich Re, will invest in company forests.
31 May 2022Insurance Europe launches Diversity & Inclusion Hub
As European Diversity Month draws to a close, Insurance Europe has launched its new Diversity & Inclusion Hub, which showcases efforts taken by the industry to increase diversity and inclusion in the workplace by promoting equal opportunities and combatting discrimination in the workplace.
31 May 2022UKRAINE: the war makes the risks for Ukraine's sector continue to spiral
The war has created unprecedented operational and financial risks, and the risks for Ukraine's sector continue to spiral. Companies are not only worried about employee safety and business continuation, but the growing solvency, inflation and liquidity risks, according to the Leaders from Ukraine's Insurance Business Association and European Insurance Alliance.
31 May 2022UKRAINE: the insurers need sweeping measures to survive and recover
The Insurance Business Association, together with the League of Insurance Organizations of Ukraine, have developed ideas for the so called "Marshall Plan", a set of measures to help firms get back on their feet, and urged the National Bank of Ukraine (NBU) to support them, according to the article prepared by MTIBU and the Association for insuranceerm.com.
31 May 2022UKRAINE: MTIBU supports servicemen who become participants of car accidents
The MTIBU decided not to collect recourses in a judicial or pre-trial order from the military personnel of the Armed Forces of Ukraine in the event that they cause car accidents without a valid MTPL policy, compensation to the victims will be paid out from the MTIBU Victim Protection Fund, according to a press release from the Bureau.
31 May 2022STATISTICS: AZERBAIJAN, 1Q2022: market growth supported by life insurance, which generated almost 41% of the portfolio
Azerbaijan's insurance sector ended the first quarter of 2022 with a 3.79% growth, reaching AZN 258.42 million (EUR 136.19 million). At the same time, a more favorable exchange rate of the manat vs euro allowed the market to grow by 8.84% in European currency, according to the statistics published by the National Bank.
31 May 2022Marsh appoints Rob PERRY as Global Political Risk & Structured Credit Leader
Insurance broker Marsh announced the appointment of Rob PERRY as Global Political Risk & Structured Credit Leader, Marsh Specialty, effective July 1.
30 May 2022Increased ransomware attacks and global threats tempering executive confidence in cyber preparedness
The toll of almost three years of unrelenting workplace disruption, digital transformation and ransomware attacks means most leaders are no more confident in their ability to manage cyber risk than they were two years ago, according to a new report published by insurance broker Marsh and Microsoft Corp.
30 May 2022HDI International strengthens its position in core market Brazil
HDI International AG, a subsidiary of Talanx Group, is strengthening its operations in its core market Brazil through the acquisition of the retail business of Sompo Seguros S.A.
30 May 2022Guy Carpenter announces GC Access leadership in North America
Global reinsurance broker part of Marsh McLennan - Guy Carpenter, announced the appointments of Matt PETKA to President of GC Access North America and Branch Manager of Guy Carpenter's Dallas office, and Riley Underwood to Head of Client Solutions for GC Access, effective immediately.
30 May 2022
