Talanx has issued its first Green Bond as a subordinated bond with a volume of EUR 500 million, primarily to institutional investors from Germany and abroad. Overall, the book was significantly oversubscribed. The bond denominated in euros has a fixed coupon of 1.75 percent and the first date for repayment is 1 June 2032. 

The Council of the Romanian Financial Supervision Authority (ASF) decided las week to approve the upon request, the exit of UNIQA Asigurari from Romanian MTPL insurance market, wrote www.1asig.ro here.

Marsh MCLENNAN announced changes to its Executive Committee effective January 1, 2022.

Within the framework of the II International Financial and Banking Forum, that took place on November 26 in Tashkent, the "XIII Tashkent International Conference on Insurance and Reinsurance" was held.

By the end of 2021, the life insurance market will grow by 21% y-o-y, and will reach RUB 521 billion (~EUR 6.18 billion), as the Expert RA agency said in its forecast, ASN reports with reference to the agency's review.

According to the ARIA Insurance Institute (All-Russian Insurance Association), the main contribution to the market dynamics in 1H2021 was made by credit insurance of individuals, which exceeded 22% in the total GWP, having increased by 47% y-o-y, the President of ARIA Igor YURGENS said at the Forum of Insurance Market Leaders on November 24, ASN reports.

The number of complaints filed by insured persons in the first nine months has doubled y-o-y. According to the Insurance Supervision Agency (ASO) complaints resolved in favor of dissatisfied policyholders in 9M2021 increased by 83% compared to the same period last year.

In January-September 2021, the income of 14 insurance companies, working in the financial sector of the republic's economy, increased 1.3 times y-o-y to KGS 1.3 billion (EUR 13.14 million*). At the same time, the greatest part (81%) was received from insurance premiums, according to a review, published by the National Statistical Committee of the Kyrgyz Republic.

During a recent visit of representatives of the AIA (Azerbaijan Insurers Association) that took place within the framework of a memorandum signed between the AIA and the Insurance Association of Turkey, Azerbaijan and Turkey discussed further formation of relations in insurance, Trend reports with reference to AIA.

From January to October the Albanian market expanded by 16.5% y-o-y, reaching ALL 15.7 billion (EUR 129.4 million), SeeNews reports with reference to the official figures.

By the end of October 2021, Hungarian insurers reported outstanding claims (payments and reserves, summed-up) on agricultural insurance segment worth HUF 10 billion (~EUR 28 million), MABISZ (Hungarian Insurers Association) informed in a statement.

Reinsurance broker Guy Carpenter and global insurance broker Marsh, both businesses of Marsh McLennan (MMC), announced that they will combine their South Africa facultative reinsurance operations into a single business, effective January 1, 2022. The new unit will operate under the Guy Carpenter brand.

Aon announced the appointment of Jillian SLYFIELD as the firm's Chief Innovation Officer, effective Dec. 1, 2021.

Romanian insurer ALLIANZ-TIRIAC Asigurari announced that it has received the necessary approvals from the Financial Supervisory Authority (ASF) and the Competition Council for the acquisition of the majority stake in GOTHAER Asigurari Reasigurari, 1asig.ro informed here. Until the merger is completed, the two insurers will operate as two independent entities, according to the rules of such an acquisition.

The highest indemnity paid in Romania on a life insurance policy in 2020 was over 1.18 million lei - for a death. By each type of cover, the top of the highest payments made is completed by a compensation of 839,000 lei, paid for a serious illness, and one of 150,000 lei, paid for a permanent disability, according to UNSAR data.

The Verkhovna Rada of Ukraine on November 18, 2021 adopted a new version of the Law of Ukraine "On Insurance", which changes a wide range of requirements for licensing insurers, assessing their solvency and liquidity, corporate governance and risk management, termination of companies and transfer of insurance portfolio, etc., Forinsurer said.

In 2022 over AZN 1.1 billion (~USD 647 million) is planned to be allocated for mandatory health insurance in Azerbaijan, according to the Finance Minister Samir SHARIFOV, Trend reports.

According to the quarterly market figures published by SLASPO (Slovak Insurance Association), at the end of September 2021, total GWP from the members of the association totaled EUR 1.86 billion, up by 1.2% y-o-y. Premiums written in life insurance decreased by 3% y-o-y to EUR 772 million, while non-life segment was up by 4.4% y-o-y to EUR 1.08 billion.

In the third quarter of 2021, the number of concluded MTPL contracts amounted to 2.4 million units, which is 7.6% more y-o-y. GWP reached UAH 1.9 billion (+17.3%)/~EUR 61.64 million*, according to a press release from MTIBU (Motor Transport Insurance Bureau of Ukraine).

Adjusted net profit of RENAISSANCE Insurance (included in the TOP-15 insurance companies) according to IFRS for 9 months of 2021 increased by 7% y-o-y reaching RUB 3.5 billion (EUR 41.51 million*), ASN reports with reference to the insurer's statement.