Schedule from 9^th - 10^th Febuary 2022, the fourth edition of the InsureTek 2022, successfully concluded in Dubai. Organized by Biz Events Management, the event brought together top industry stakeholders, decision makers and experts under a single roof. Dr. Haidar Al Yousuf, Managing Director Al-Futtaim Health, Ex CEO Health Funding - Dubai Health Authority and Ali Fareed Lutfi, Head of Payer Regulation, Dubai Health Authority were the esteemed guests at the event. PRIMM supported the event as a Media Partner.

The Reinsurance Advisory Board (RAB) has published its response to the UK House of Lords' Industry & Regulators Committee call for evidence into commercial (re)insurance regulation.

Swiss Re Corporate Solutions and The Hartford entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to insurance coverage around the world, the market announcement said.

Professionals from insurance industry will gather on 24 February in a virtual format at the 2022 edition of the Insurance in the DIGITAL World Conference in order to discuss about digitalization's current and future contribution to the insurance industry's development, as well as about the industry's capacity to help businesses cope with cyber risks.

Insurance in the DIGITAL World Conference will follow the latest trends in the industry and will touch the following topics:

According to the year-end insurance market figures published by Lithuanian Central Bank, last year the local insurance market grew by 8.9% to EUR 1.04 billion. At the same time, total paid claims exceeded EUR 547 million, up by 9.3% y-o-y. "Last year, one of the engines of growth of the insurance market was the country's growing economy", as the representatives of Lithuanian Central Bank mentioned in a statement.

In 2021, the TAS insurance group (one of the five market leaders in Ukraine) collected GWP 20.9% more y-o-y in local currency (UAH 2.45 billion/EUR 79.23 million*), Forinsurer reports.

The second edition of the online Executive Education Course "Next Level Insurance Innovation in the Age of Data" is launching. A joint initiative of DIA and the University of St.Gallen's Institute of Insurance Economics. The course will start on April 26, 2022. PRIMM supports the event as a Media Partner.

Romanian insurer SIGNAL IDUNA announced the Romanian Financial Supervisory Authority (ASF) has greenlighted its acquisition of two ERGO subsidiaries for life and non-life insurance. The acquisition was also approved by the Competition Council.

SARBANOV Ulan has been appointed Chairman of the State Service for regulation and supervision of the financial market under the Ministry of Economy and Commerce of the Kyrgyz Republic, the Service said in its statement.

Swiss Re Corporate Solutions (the commercial insurance arm of the Swiss Re Group) and The Hartford (a United States-based investment and insurance company) entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to insurance coverage around the world.

German insurer Allianz announced that Jim Hagemann SNABE has informed the Supervisory Board and the Board of Management of Allianz SE that he will not stand for re-election to the Supervisory Board at the Annual General Meeting on May 4, 2022. At the same time, "he will resign from the Supervisory Board of Allianz SE upon expiry of his mandate on the same day".

NN Group, ABN AMRO Bank and their joint venture AAV (ABN AMRO Verzekeringen) announcd that they have reached an agreement to sell AAV's life insurance subsidiary to Nationale-Nederlanden Levensverzekering Maatschappij N.V. (NN Life & Pensions).

Total GWP of INGOSSTRAKH, one of the TOP-5 market leaders, for 2021 amounted to RUB 139.8 billion (+20.5%)/EUR 1.66 billion*. At the same time, RUB 129.8 billion (+22%) came from direct insurance and RUB 10 billion (+6%) - from inward reinsurance, the company said in its statement.

On February 7, 2022, the cost of MTPL policies in Armenia increased, as the decision of the Board of Directors of the Bureau of Motor Insurers of Armenia dated December 23, 2021, aimed at increasing MTPL GWP due to a strong increase in paid claims and unprofitability in the segment last year, came into force, ArmInfo reports.

At the end of 2021, profit of the Armenian insurance sector decreased by 79.2% to AMD 849.4 million (EUR 1.56 million*).

French insurer AXA announced that it has completed the sale of its insurance operations in Singapore - AXA Insurance Pte Ltd to HSBC Insurance (Asia-Pacific) Holdings Ltd - a wholly owned subsidiary of the Hongkong and Shanghai Banking Corporation Limited, for a total cash consideration of USD 529 million (or EUR 463 million). The deal that was first announced in August 2021.

Allianz SE today announced it is entering into certain Share Purchase Agreements (SPAs) to acquire 72% of Greek insurer European Reliance General Insurance Company. The German insurer will pay EUR 7.80 per share or approximately EUR 207 million to acquire all the outstanding shares via the SPAs and a combined Voluntary Tender Offer.

Dutch insurer AEGON announced its net result doubles compared with the fourth quarter of 2020 to EUR 526 million, while for FY 2021 the company reported an aggregate net result of EUR 1.70 billion compared with EUR 55 million in 2020.

In 2021, the assets of insurance (reinsurance) companies in Kazakhstan increased by 23% and as of January 1, 2022, amounted to KZT 1.8 trillion (~EUR 3.69 billion*), Allinsurance.kz reports referring the data from the Agency of the Republic of Kazakhstan for the regulation and development of the financial market (ARRFR).

At the end of 2021, the Macedonian insurance market totaled MKD 11.62 billion (EUR 188.7 million), up by 15.5% y-o-y, according to Macedonian ISA preliminary year-end figures.