News - Insurance
CROATIA: the Croatian Insurance Days 2022 conference to start on May 04
The Croatian Insurance Days will take place from 4 to 6 May at the Amadria Park Grand Hotel 4 Opatijska cvijeta, and participants still may register until 28th of April. This is considered as the most important gathering of the insurance professionals in Croatia.
BELARUS: a model law on compulsory motor insurance to be developed in the Union State of Belarus and Russia
According to the press service of the Parliamentary Assembly of the Union of Belarus and Russia, following the last meeting of the Parliamentary Assembly Commission on Legislation and Regulations, it was decided to develop a model law on compulsory motor insurance, BELTA informed.
AZERBAIJAN: GWP of A-Group for the first quarter of 2022 increased by 18% y-o-y
GWP growth of the insurance company A-Qroup for the first quarter of 2022 amounted to 18%. According to the insurer, total volume of premiums from January to March reached AZN 4.86 million (~EUR 2.58 million), Trend reports.
ARMENIA: tax payments of insurers in 1Q increased by more than 35% y-o-y
According to the 1Q2022 results, the insurance sector of Armenia increased tax payments to the state budget by 35.3% y-o-y, having paid AMD 667.7 million (~EUR 1.25 million), ArmInfo reports according to the State Revenue Committee of the Republic of Armenia.
NN Group completes the acquisition of MetLife's businesses in Poland and Greece
On 22nd April, NN Group announced the completion of the acquisition of MetLife's businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022. NN Group completed the acquisition of MetLife's businesses in Greece on 31 January 2022.
Lloyd's appoints Yelhis HERNANDEZ as Market Development Manager for Central America
Lloyd's of London announced the appointment of Yelhis HERNANDEZ as Lloyd's Market Development Manager for Central America. She assumes the role in addition to her responsibilities as Country Manager for Mexico.
Aegon completes sale of Turkish business to VIG
Dutch insurer Aegon announced the completion of the divestment of its business in Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG).
BELARUS: Belarusian association of insurers: MTPL and health insurance are leading the market
MTPL and health insurance continue to lead the market. In 2021 MTPL segment in Belarus reached BYN 206.77 million (+10.2%)/~EUR 71.73 million. Paid claims in the segment amounted to BYN 152.2 million (+15.5%), according to the new edition of "Insurance in Belarus", prepared by the Belarusian Association of Insurers.
Poland: bancassurance distribution's premiums volume increased by 22.9% y-o-y in 2021
Gross written premium in the bancassurance channel amounted to PLN 6.83 billion (EUR 1.32 billion), up by 22.9% y-o-y, reported the Polish Chamber of Insurance in its latest quarterly report on bancassurance.
STATISTICS: Slovenian insurance market posted slight y-o-y increase in GWP to EUR 2.6 bn
The Slovenian insurance market totaled EUR 2.60 billion at the end of 2021, a 1.5% increase y-o-y, according to the Slovenian Insurance Association's year-end figures. Life insurance GWP posted a negative rate of -1.2% y-o-y to EUR 740 million, while the general insurance segment increased by 2.7% y-o-y to EUR 1.87 billion - or 71.63% of total GWP.
Generali Group CEO Philippe Donnet joins the Insurance Development Forum steering committee
Generali Group CEO Philippe DONNET has joined the Insurance Development Forum's Steering Committee, the body led by industry leaders, UN agency leaders and international institutions that is accountable for the overall strategy and direction of the IDF.
12th International Conference of Insurance Europe will take place on 2 June, in Prague
Insurance Europe, the European insurance and reinsurance federation, will hold its 12th International Conference at the Zofin Palace in Prague, on 2 June. XPRIMM is supporting the conference as Media Partner.
Between current challenges and technology supported opportunities, the future of motor insurance discussed at the Motor Insurance Conference, 23 May
The agenda of the Motor Insurance Conference hosted by the 23rd edition of FIAR - the International Insurance Reinsurance Forum on 23 May is now up, displaying a rich content and top-level speakers. The Romanian Motor Insurers Bureau - BAAR and the Croatian based AMODO, one of the top 5 Insurtech companies globally according to Financial Times are Official Partners of the conference.
EigenRisk® adds ICEYE's flood insights to its global catastrophe risk management platform
ICEYE, SAR data provider and expert in environmental flood hazard data, and EigenRisk®, the independent insurance technology platform provider, have announced a new agreement to incorporate ICEYE's unique flood insights for large-scale flood events into the EigenPrism® catastrophe risk management platform.
Partnership agreement between kasko2go and Amodo provides motor insurers with new opportunities
The innovative data science company kasko2go is joining forces with Amodo, an award-winning Insurtech company, their combined solutions offering insurers unique and ground-breaking technology by integrating kasko2go's risk assessment solutions into Amodo's existing offerings.
GEORGIA: insurers' capital increased significantly in 2021, while profits decreased
In 2021, GWP of Georgian insurers increased by 16% to GEL 772 million (~EUR 220 million), but the profit practically did not grow, as the Head of the Insurance Supervision Service David ONOPRISHLVILI noted, Business Georgia wrote.
STATISTICS: BELARUS, FY2021: the market expanded by more than 14% y-o-y (in local currency)
In 2021, total GWP of insurers amounted to BYN 1,726.57 million (EUR 598.96 million), which is 14.33% more y-o-y in local currency, according to the data published by the Ministry of Finance of the Republic. It should be noted that due to a significant change in the exchange rate of the Belarusian ruble against euro compared to December 2020, the market result in euro looks more impressive (+25.65%).
AZERBAIJAN: mandatory state social insurance increased by 17% from January to March
For the period from January to March 2022, premiums on mandatory state social insurance in Azerbaijan amounted to AZN 1.47 billion (EUR 0.78 billion), which means an increase of 17% y-o-y, Trend reports.
ARMENIA: MTPL loss ratio in the first quarter approached the level of 2017
For the first quarter of 2022, the number of vehicles with MTPL policy in Armenia increased by 10.4% y-o-y (vs a decline of 6.5% a year earlier and an increase of 3.6% in 2019). This growth is higher than the level of the corresponding pre-Covid period, thus allowed MTPL GWP to exceed the trend of two years ago, ArmInfo reports.
Vienna Insurance Group confirms top results for 2021
On 14 April 2022, the Vienna Insurance Group (VIG) publishes its reports for the 2021 financial year, confirming the preliminary figures communicated on 8 March 2022.
27 April 2022