According to the Association of Estonian Insurance Companies (EKsL) last year local insurers paid out EUR 33 million for restoration of homes. There were a total of 18 thousand home-related insurance events and half of them caused by pipe leaks with a total loss of EUR 15 million.

GWP of Croatia-based insurers increased 6.78% y-o-y from January to April this year, reaching HRK 4.564 billion (EUR 605 million), SeeNews reports referring to the data of the Croatian Insurance Bureau.

French insurance Group AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance license from the Autorite de Controle Prudentiel et de Resolution (ACPR - the French Prudential Supervision and Resolution Authority), according to the previously announced transformation of AXA SA into AXA Group' s internal reinsurer

Allianz Global Corporate & Specialty (AGCS) announced that starting on May 16, 2022, Mike MARTIN will be appointed Global Head of Property, reporting directly to Chief Underwriting Officer Corporate Shanil WILLIAMS. He joins AGCS from AIG and will succeed Maria GRACE who left AGCS in late 2021. He will be based in AGCS's Atlanta office.

Gross premiums written across the 17 insurance markets in the CEE amounted to EUR 40.82 billion in 2021, by 8.9% more than in 2020. Except for Slovakia, all markets saw a positive dynamic, in some cases even at a double-digit growth rate.

Insurance Europe has published its response to a consultation by the European Commission on the Package Travel Directive (PTD), the European Federation of insurers announced.

In 2021, German insurers have handled around 450,000 claims totaling EUR 1.7 billion for insured motor vehicles, General Manager of the German Insurance Association (GDV), Jorg Asmussen said in articled published by GDV's blog.

The Geneva Association announced the winner of the 2022 Geneva Association Women in Insurance Award: Anne FORTIN, Executive Vice President, Direct Distribution and Chief Marketing and Communications Officer, Intact Financial Corporation (IFC).

For the first time in the 16-year existence of life insurance, investments from individuals exceeded MKD 2 billion (EUR 32.5 million) in 2021. It is noteworthy that last year the number of people with insurance increased by 95% y-o-y, ISA (Insurance Supervision Agency) reports.

Own funds (capital) of professional participants in the insurance market for 2021 amounted to TJS 320.5 million (EUR 25.25 million*), which is 47.4% more y-o-y. The National Bank in its review notes that the major part of the own funds of professional market participants is their charter capital, which increased by 91.6% in 2021.

By decision of the Supervisory Board of the insurance company Uzagrosugurta, one of the leaders in the non-life insurance market of Uzbekistan, Shukhrat RASULOV was appointed acting chairman of the board,

As of April 30, 2022, 132 non-life insurers (compared to the previous month, the number has not changed), 13 life insurers (the number has not changed) and 64 insurance brokers (the number has not changed) were operating in the non-banking market of Ukraine, Forinsurer writes.

Speaking about the results of the insurance market for the first quarter of 2022, the head of the Georgian Insurance Association, Devi KHECHINASHVILI, noted: "The main thing that can be said about the data for the first quarter is that we are holding on. Further, it will also be difficult, and transition to the post-COVID period will not be easy," Business Georgia wrote.

PASHA Life, the leading life insurer in Azerbaijan, according to the results for the first quarter of 2022, maintains growth trends and a leading position in the country's insurance market, Trend reports.

ROSGOSSTRAKH Armenia holds the lead in terms of net insurance premiums, and leads in terms of net paid claims as well, according to the data of the Financial Rating of Insurance Companies of Armenia as of March 31, 2022, prepared by ArmInfo.

German insurance group Talanx posted Q1 2022 GWP worth EUR 15.9 billion, up by 16.5% y-o-y. Operating profit (EBIT) rose to EUR 630 million (vs. EUR 625 million), while group net income was EUR 256 million (vs. EUR 277 million) due to a higher tax burden and was attributable in almost equal measure to the primary insurance (47%) and reinsurance (53%) areas.

Reinsurer Swiss Re reported a net loss of USD 248 million for the first quarter of 2022, compared with a net income of USD 333 million for the same period last year.

At the Annual General Meeting of Allianz SE held a last week, a new Supervisory Board was elected as scheduled. Rashmy Chatterjee, Chairwoman of the Board of Management of ISTARI Global Ltd, London, was elected to the Supervisory Board for the first time, while Sophie BOISSARD, Christine BOSSE, Michael DIEKMANN, Friedrich EICHINER and Herbert HAINER were re-elected.

French reinsurer SCOR reported Net loss of EUR 80 million in Q1 2022, compared with EUR 45 million net income in Q1 2021, while the value of gross written premiums of EUR 4.72 billion in Q1 2022, was up by 9.7% compared with Q1 2021.

Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world's leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent