The number of insurance contracts concluded in the first 9 months of 2021 increased by 32% and exceeded 1.13 million, according to official data from the Insurance Supervision Agency (ISA).

The insurance industry returned to growth in the third quarter of 2021 after a five-quarter break, during which the entire Latvian economy was struggling with the consequences of the Covid-19 pandemic, said the Latvian Insurers Association (LAA) in its statement.

SCOR Investment Partners, the asset management company of the SCOR group, announced that three of its investment vehicles have been awarded the LuxFLAG label and one has been awarded the LuxFLAG - Applicant label.

Based on its 2020-2022 strategy, the Sava Insurance Group has prepared its business plan for 2022. The Group is planning to exceed EUR 700 million in operating revenue and generate a profit after tax of more than EUR 60 million, which translates into a return on equity of more than 11.5% in 2022.

Frank EIJSINK, currently CEO of NN Life Japan, will be appointed CEO of NN Belgium as of 1 February 2022, subject to regulatory approval. He will succeed Jan Van AUTREVE who has decided to leave NN Group. Marius POPESCU, currently Head of Performance and Analytics NN Group, will be appointed CEO of NN Life Japan as of 1 February 2022, subject to regulatory approval.

SAFETY Insurance Broker, the largest insurance broker in Romania and the Republic of Moldova, agrees to sell 80% shares to the UNILINK Group, the largest insurance broker in Poland.

The regional CIS insurance market* at the end of the third quarter recorded an increase in EUR by almost 31% y-o-y with total GWP exceeding EUR 19.73 billion.

S&P Global Ratings has placed ROSGOSSTRAKH's long-term issuer credit rating and financial strength rating at BB+ on the CreditWatch Negative list (under revision with negative expectations) in connection with the ongoing litigation, ASN reports.

At their last session this year, the members of the HANFA Council unanimously elected Kristijan BUK as the new President of the HANFA (Croatian Financial Services Supervisory Agency) Council, svijetosiguranja.eu wrote.

ACPM - The Association of Czech Insurance Brokers, informed in a statement that on the occasion on its General Meeting held on December 7th there were elected the new statutory bodies for the next two year term 2021-2023.

Last week, the Board of Directors of Assicurazioni Generali approved the Group's new three-year strategy: Lifetime Partner 24: Driving Growth. The plan will deliver sustainable growth across Generali's core and emerging business lines and build on the strong foundations established since 2016.

Allianz Global Corporate & Specialty SE (AGCS) announced it has appointed Shanil WILLIAMS as new Chief Underwriting Officer Corporate. In this role, he will join the AGCS SE Board of Management with effect on January 1, 2022, subject to regulatory approval. Currently Global Head of Financial Lines at AGCS, WILLIAMS will succeed Tony BUCKLE who will be leaving Allianz for personal reasons.

Allianz Partners and Uber have announced a partnership in which Allianz Partners will provide protection and security for independent drivers and couriers who partner with Uber and Uber Eats in 23 European countries, effective January 1, 2022.

The Romanian insurance market is characterized by a medium to high degree of concentration. In 9M2021, approximately 88% of the total volume of GWP was carried out by 10 companies, according to the ASF - Financial Supervisory Authority report. See the rankings of the players as calculated by XPRIMM and what the changes were compared to the same period last year.

Serbian insurance market expanded by 9.7% y-o-y during 3Q2021 to RSD 88.5 billion (~EUR 754 million), according to the quarterly figures published on the website of National Bank of Serbia (NBS).

Non-life GWP rose 10.5% y-o-y to RSD 69.2 billion, whereas the life insurance segment earned premiums of RSD 19.3 billion, up by 6.8% y-o-y, as NBS announced.

The value of paid claims totaled RSD 37.3 billion (up by 2.2% y-o-y) of which RSD 12.1 billion - life indemnities (up by 28.6%) and RSD 25.2 billion (-7% y-o-y) related to non-life classes.

In terms of GWP volume, DUNAV was the largest insurance company in the country, accounting for 26.4% of total GWP. GENERALI osiguranje followed with 19.9%, while DDOR was third with 11.8%. A total of 16 insurance companies operated in the country at the end of September 2021.

Access xprimm.com and download the latest Serbian insurance market statistics (in EUR and RSD).

Allianz-Tiriac Insurance reported for 9M2021 GWP worth EUR 239 million, by over 19% up y-o-y. Sales grew significantly on all business lines, driven by the accelerated increase of the number of customers, the company stated in a press release. Operating profit for 9M 2021 stood at approx. EUR 22.6 million.

The international insurance broking group Malakut opened an office in Uzbekistan. This is Malakut's 9th office worldwide and its 4th on the territory of the former USSR.

According to data collected by the Polish Insurance Association (PIU), as at September 30, 2021, GWP through the banking channel reached PLN 5.21 billion, 26% more y-o-y (~EUR 1.12 billion*).

GWP in Croatia grew by 11.87% at the end of November 2021 and amounted to HRK 10.74 billion (~EUR 1.43 billion*) osiguranje.hr wrote.

For the first 9 months of 2021 the assets of Bulgarian insurers increased by 9.3% y-o-y to about BGN 9.9 billion (~EUR 5.06 billion*), SeeNews wrote according to the statement of the country's central bank said.