According to the statistics of the Association of Insurance Companies, 422 fires in the amount of EUR 7 million have been indemnified under home insurance in the first nine months of this year vs 414 fire indemnities worth EUR 9.4 million paid last year.

The largest regional conference on insurance - Croatian Insurance Days was held on November 4, 2021 in Zagreb, organized by the Croatian Insurance Bureau (HUO) and partners. The conference once again brought together leading people in the insurance industry from the national, regional and European levels who discussed latest developments and future challenges of the Croatian and European insurance markets, svijetosiguranja.eu wrote.

Bosnian insurers reported aggregate Q3 GWP of BAM 618 million (~EUR 316 million) vs. BAM 569 million (EUR 291 million) a year before, according to the most recent market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

The insurance market of Lithuania totaled EUR 760 million at end-September 2021, about EUR 50 million more (or by 7% y-o-y) vs. Q3 2020, according to the quarterly market figures published on the Central Bank's website.

The life insurance segment expanded by 8% y-o-y to EUR 228 million due the 12.6% increase generated by the index-linked and unit-linked products. At the same time, Lithuanian non-life insurers posted a 6.8% y-o-y increase in Q3 GWP, except the MTPL LoB (-3.7% y-o-y), all other main non-life subclasses reporting positive rates.

Zurich's GWP in Property & Casualty (P&C) for the first nine months increased 11%, adjusting for currency movements, acquisitions and disposals. Growth was supported by higher premium rates, driven by increases in commercial insurance across all regions.

The life insurance GWP from January to September 2021 continued to grow, having increased by 24.9% y-o-y, to RUB 399.7 billion (EUR 4.74 billion*), ASN informed with reference to the All-Russian Insurance Association (ARIA).

For 9 months of 2021, the number of complaints against insurers received by the Central Bank amounted to 28 thousand, which is 20.4% more y-o-y, ASN wrote with reference to the data of the Bank of Russia.

From January to September 2021, net profit of the Russian National Reinsurance Company (RNRC) amounted to RUB 7.9 billion (EUR 93.70 million*), which is 27.7% more compared to the same period in 2020, writes ASN with reference to the reinsurer's published report.

Munich Re posted a profit of EUR 366 million for Q3 and EUR 2,061 million for three quarters. High natural catastrophe claims made their mark on the quarter.

According to the quarterly market figures published by CAP (Czech Insurance Association), at the end of September 2021, total GWP from the members of the association totaled CZK 110.84 billion (~EUR 4.35 billion).

The majority shareholder of CEZ Distribution Bulgaria AD and CEZ Electro Bulgaria AD - Eastern European Electric Company B.V. (EEEC), part of urohold Bulgaria AD, will increase its interests in the two companies to 88.2% and 69.3% of the capital, respectively, as a result of the public tender offers carried out and following the completion of the deals with the shareholders that have accepted the offers.

In November, the National Bank of Tajikistan in Dushanbe hosted a presentation of reinsurance services with the participation of domestic insurance companies, IA Avesta reports.

Insurance companies ARX and ARX Life summed up their results for 9 months of 2021 - GWP of ARX (one of the non-life leaders) amounted to UAH 2.5 billion (~EUR 81.10 million*), which is 30% more y-o-y. At the same time, the company's paid claims for the period exceeded UAH 942 million (+29%), according to Forinsurer.

Dutch insurer Achmea announced that it is contributing with about EUR 380 million from its reserves to limit the increase in the basic healthcare premiums for 2022.

Italian insurer Generali announced for the first nine months of the year an increase in the operating profit and gross written premiums, "in line with the successful completion of the 'Generali 2021' strategic plan".

Insurance Europe has launched its Sustainability Hub, which outlines examples of the many ways in which (re)insurers contribute towards tackling climate change and facilitating the transition to sustainability.

In accordance with the Order of the Ministry of Finance, from November 4, 2021, Gennady TIMOSHEVICH has been appointed new General Director of the Republican Unitary Enterprise "Belarusian National Reinsurance Organization" (Belarus Re), the reinsurer said.

French insurer AXA has reported a 7% rise in revenue to EUR 76 billion for the first nine months of 2021, supported by growth on all operations.

Russian Renaissance Life has signed a cooperation agreement with the founder of the decentralized financial project Independent Decentralized Finance SmartBank & Ecosystem, with the aim of providing for a solution to access problems users of the cryptocurrency often have.

Albanian insurance market posted total Q3 2021 GWP of ALL 14.16 billion (~EUR 116.56 million), or 18.06% more compared to January-September 2020, according to the most recent figures published on the local financial supervisory authority - AFSA.