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.

The insurance market in Ukraine at the end of the third quarter of 2021 recorded an increase of 15.48% y-o-y to UAH 38.07 billion (EUR 1.22 billion). At the same time, paid claims of insurers increased by almost 21% and reached UAH 13.42 billion, as the data published by the National Bank of Ukraine show.

Total GWP for 9 months of 2021 amounted to RUB 1.356 trillion (~EUR 15.98 billion), which is RUB 220 billion or 19.4% more y-o-y, follows from data published by the Bank of Russia. Paid claims increased from RUB 464.7 billion to RUB 587.5 billion (+26.4%).

From January to September 2021, GWP of insurers through intermediaries increased by 21%, to RUB 998.6 billion (EUR 11.76 billion*). At the same time, for 9 months of 2020, GWP through intermediaries accounted for 72.5% of all market premiums, and at the end of 9 months of 2021, this share increased to 73.6%, ASN wrote referring to the data of the Central Bank.

According to statistics from the Bank of Russia, MTPL GWP for January-September 2021 reached RUB 172 billion (~EUR 2 billion*), which is 5% or RUB 8.2 billion more y-o-y, while paid claims reached RUB 111.3 billion (+9%), ASN wrote. The number of MTPL contracts concluded for the period increased from 29.9 million to 30.8 million units.

As of September 30, 2021, profit of the Georgian insurance sector amounted to GEL 131.2 million (EUR 36 million*), net profit - GEL 31.9 million, which is 14% less y-o-y (as of 30.09.2020, net profit of the insurance sector was GEL 44.3 million), Business Georgia wrote according to the data of the Insurance Supervision Agency.

Global reinsurer Swiss Re announced that it has agreed to sell its life insurance subsidiary elipsLife to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife's in-force and new business.

NN Group announces that it has obtained competition clearance from the European Commission to acquire MetLife's business activities in Poland and Greece. The intended acquisition was announced on 5 July 2021.

Global re/insurance broker Marsh McLennan announced that Francis BOUCHARD has joined the Marsh McLennan Advantage team as Managing Director of Climate.

Guy Carpenter, reinsurance specialist part of Marsh McLennan, announced the appointment of Isaac Sanday as Head of UK & Ireland Life, effective January 2022.

American International Group announced that Rose Marie GLAZER, currently Senior Vice President, Deputy General Counsel and Corporate Secretary, has been promoted to Executive Vice President & Chief Human Resources Officer, effective January 1, 2022. Rose Marie GLAZER will report to Peter ZAFFINO, President & Chief Executive Officer, and will join AIG's Executive Leadership Team.

Effective January 1, 2022, Jody YEE will be appointed Global Industry Solution Director for Technology, Media & Telecom (TMT) at Allianz Global Corporate & Specialty (AGCS).

The Romanian insurance market grew by 15% y-o-y, in 9M 2021, reaching a GWP volume of RON 9.8 billion, Cristian ROSU, Vice President Insurance - Reinsurance, ASF - Financial Supervisory Authority stated for XPRIMM in an interview.

At the end of September 2021, the aggregate market gross profit of Hungarian insurers decreased by 5.8% y-o-y to HUF 66.3 billion the equivalent of EUR 184 million (vs. HUF 70.5 billion), according to the quarterly statistics published by the Central Bank of Hungary. At the same time, the value of net profit decreased by 6.3% y-o-y to HUF 61.8 billion (~EUR 171.4 million).

Hungarian insurers posted aggregate Q3 2021 GWP worth HUF 1001.2 billion (~EUR 2.8 billion), rising by nearly 11.6% y-o-y.

According to the results of 9M2021, the non-banking financial group UNIQA Ukraine, which includes the insurance companies UNIQA and UNIQA Life, ranking among the top-5 market leaders, continued to grow - the group's net profit before tax amounted to UAH 246.2 million/EUR 7.98 million* (UNIQA - UAH 200.5 million, UNIQA Life - UAH 45.7 million), Forinsurer wrote.

The profit of Russian insurers in 9M2021 decreased by 17.7% to RUB 189.7 billion (~EUR 2.25 billion*) due to the negative currency revaluation of assets.

Fitch Ratings has affirmed the financial strength rating of the Russian National Reinsurance Company (RNRC) at BBB with a stable outlook, ASN reports.

Total assets of insurance (reinsurance) companies in Kazakhstan for 10 months increased by 17.5% and as of November 1, 2021, amounted to KZT 1.75 trillion (~EUR 3.54 billion*). This is mainly due to the growth of insurance premiums and their investment in securities, Allinsurance.kz reports based on the data of the National Bank.

Kosovo insurers posted double digit increase in 9 months 2021 GWP, as official monthly figures published on the website of the Central Bank showed.