News - Insurance
Luciano Cirina, Donnet's competitor at the helm of the Generali group, suspended
Assicurazioni Generali has informed on 23 March that it has suspended Mr. Luciano Cirina, Austria & CEE (ACEE) Regional Officer, with immediate effect and until further notice. Giovanni Liverani, CEO of Generali Deutschland, will take over as interim ACEE Regional Officer with immediate effect.
24 March 2022NN Slovensko to invest in Finportal, one of the largest financial broker in Slovakia
NN Slovensko, the Slovak business unit of Dutch insurance group NN, informed it has agreed to invest and to become the main shareholder of Finportal - "which is the number three in the financial intermediation market in terms of turnover" and "one of the fastest growing distribution companies in local financial market".
24 March 2022European insurers paid every day claims worth EUR 2.8 billion in 2020
In 2020, European insurers have paid every day claims worth almost EUR 2.8 billion, the most recent report published by Insurance Europe reveals. At the same time, European insurance industry proved being a huge long-term investor, with more than EUR 10.6 trillion invested in the economy.
24 March 2022Changes in the ERGO HESTIA Management Board
ERGO HESTIA, one of the largest insurers in Polish insurance market announced that, after 31 years, its Vice President - Grzegorz SZATKOWSKI will leave the company.
24 March 2022POLAND: PZU and BOS are now partners in green bancassurance
PZU Group, the largest financial institution in Poland and CEE with the first insurance company established in Poland, on March 21 signed a letter of intent with Bank Ochrony Srodowiska on establishment of the strategic cooperation in bancassurance, Gazeta Ubezpieczeniowa reports.
23 March 2022NORTH MACEDONIA: ISA: the number of complaints, resolved last year in favor of insured persons, increased 2.5 times
In 2021 the Insurance Supervision Agency (ISA) received 206 complaints from dissatisfied policyholders about insurance companies and other market participants. The number of complaints last year increased 2.4 times compared to 2020, according to official data from the ISA.
23 March 2022VIDEO INTERVIEW: How does the Green Card system cope with challenges raised by the war in Ukraine?
"We are all confronted with the tragic and unique situation created by the war initiated by the Russian Federation in Ukraine: we have now one member bureau in the CoB where we know our colleagues are under fire, and yet they really managed to keep the system running," said Sandra Schwarz, President CoB, in an exclusive interview with XPRIMM.
23 March 2022UKRAINE: in 2021, MTPL insurers settled a record number of claims from victims of road accidents
According to the MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2021, the number of concluded MTPL contracts amounted to 9 million units, which means a y-o-y increase of 12.7%, and GWP volume reached UAH 7.2 billion (+17.2%)/~EUR 0.23 billion*, the Bureau reports.
22 March 2022STATISTICS: MOLDOVA, FY2021: insurers' business expanded by more than 31% y-o-y (in local currency)
The insurance sector of Moldova ended 2021 with an increase of 31.58% (in local currency) - total GWP reached MDL 1.92 billion (EUR 95.87 million). At the same time, paid claims increased by only 11% to MDL 662 million, according to the data published by the National Financial Market Commission.
22 March 2022ARMENIA: in January-February 2022, the number of vehicles with MTPL policy increased by 9.8% y-o-y
In January-February 2022, the number of vehicles with MTPL policy in Armenia increased by 9.8% y-o-y (according to the Bureau of Motor Insurers of Armenia) vs a decline of 9.1% a year earlier and an increase of 4.3% in the same period of 2019.
22 March 2022Ales BLAZEK is the new CEO at CSOB, Czech Business Unit of KBC Group
Belgian financial group KBC announced that John HOLLOWS, CEO Czech Business Unit will retire after a career of nearly 26 years with KBC. At the same time, the Board of Directors has appointed Ales BLAZEK, the current CEO of KBC Bank Ireland, to the Executive Committee and successor to John HOLLOWS as CEO of the Czech Business Unit.
21 March 2022Poste Assicura bolsters capital framework with URS's Risk Explorer Solvency II platform
URS today announced that Poste renewed licenses for the Risk Explorer Dynamic Financial Analysis (DFA) platform, along with SF-Explorer, the Standard Formula tool to help with optimization of ceded reinsurance arrangements.
21 March 2022The head of Zavarovalnica Sava to continue his career at Grawe
David KASTELIC, the long-time President of the Management Board of Zavarovalnica Sava and former Zavarovalnica Maribor, will continue his career at Grawe zavarovalnica, local media wrote.
21 March 2022The retired GE head joins AIG's BoD
American International Group (AIG) announced that its Board of Directors has elected John RICE as a Director of the company, effective March 17, 2022. John RICE (65) is the retired Chairman of GE Gas Power and former President and Chief Executive Officer of the GE Global Growth Organization.
21 March 2022ERGO Group expands Board of Management
German insurance group ERGO announced the Supervisory Board of ERGO Group AG has appointed Lena LINDEMANN to the company's Board of Management with effect from 1 July 2022. The appointment is subject to approval by the supervisory authorities.
21 March 2022Board change at KBC Group
Belgian financial group KBC informed the Board of Directors has decided to propose Alicia Reyes REVUELTA to the General Meeting of Shareholders as new non-executive, independent director on the Board of Directors of KBC Group and member of the Audit Committee and the Remuneration Committee of KBC Group.
21 March 2022Austrian insurance sector posted significant growth in premiums in 2021
During the 4th quarter of 2021, Austrian insurers posted an increase in premium volume of 5.62% to EUR 4.55 billion vs Q4 2020. For the full-year 2021 premium volume stood at EUR 19.76 billion, an increase of 3.56% or by EUR 680 million compared with the preceding year.
21 March 2022Achmea appoints Michiel DELFOS as CRO & Board Member
Dutch insurer Achmea announced that Michiel DELFOS will be appointed as a member of the Executive Board and Chief Risk Officer with effect from 12 April 2022. "He fills the vacancy that arose after Henk TIMMER recently stepped down. (...) Michiel's appointment will be discussed during Achmea's General Meeting on 12 April 2022".
21 March 2022First Congress of Actuaires du Monde - see the program of the two days event (2)
The second day of the First Congress of Actuaires du Monde will focus on financial inclusion as an opportunity for actuaries to make a difference. The "in-person" event will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022.
17 March 2022Generali Group, 2021: positive growth across all segments; new strategic plan launched for the period until 2024
The Generali Group's operating result was, for the third consecutive year, its best ever performance, reaching EUR 5,852 million, 12.4% up y-o-y thanks to positive growth across all segments.
17 March 2022
