News - Insurance
AZERBAIJAN: GWP from mandatory health insurance exceeded the target in 1Q2021
GWP from mandatory health insurance in Azerbaijan in the first quarter of 2021 exceeded AZN 112.3 million (EUR 56.3 million*), Trend reported according to the Azerbaijani Minister of Economy Mikayil JABBAROV.
12 April 2021VIG's planned expansion by acquiring Aegon's CEE businesses temporarily blocked by the Hungarian authorities
The transaction announced by Aegon in November 2020, of selling to Vienna Insurance Group (VIG) its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey for a total consideration of EUR 830 million, has been stalled by Hungarian Ministry of Interior's unexpected denying of approval.
12 April 2021Swiss Re and Movingdots speakers confirmed for the Motor Insurance Conference on 20 April
The technological innovations of the past few decades have radically changed our lives, helping - among other -, insurers to partner their customers is applying the paradigm "prevention is better than cure". How this reality works in the field of motor insurance will make one of the main topics at the forthcoming Motor Insurance Conference, on 20 April.
8 April 2021STATISTICS: Czech insurers' YE2020 GWP increased by 1.2% y-o-y, CNB figures show
The YE2020 statistics recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 168 billion (~EUR 6.4 billion), up by 1.23% y-o-y.
The life segment decreased by almost 3% to CZK 51.8 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 37.5 billion.
In the case of general insurance segment, the same indicators were as follows: FY2020 GWP of CZK 116.2 billion (up by more than 3% y-o-y) and January-December 2020 payments of CZK 54.3 billion, down by 6.3% y-o-y.
Access xprimm.com and download the FY2020 Czech insurance market statistics:
The life segment decreased by almost 3% to CZK 51.8 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 37.5 billion.
In the case of general insurance segment, the same indicators were as follows: FY2020 GWP of CZK 116.2 billion (up by more than 3% y-o-y) and January-December 2020 payments of CZK 54.3 billion, down by 6.3% y-o-y.
Access xprimm.com and download the FY2020 Czech insurance market statistics:
8 April 2021STATISTICS: GEORGIA, FY2020: the market increased by almost 7% in lari despite the pandemic
At the end of 2020, the Georgian insurance market grew by 6.76% to GEL 667.28 million (EUR 165.85 million), with both insurance sectors increasing: non-life - by 6.48% and life - by 10.33%, according to data published by the Georgian Insurance Supervision Service.
8 April 2021EUR 3.94 million paid ZURICH and Farmers Exchanges for MetLife P&C business in U.S.
Zurich and Farmers Exchanges complete acquisition of MetLife property and casualty (P&C) business in U.S. for the amount of USD 3,94 billion. Zurich contributed USD 2.43 billion through its subsidiary Farmers Group, Inc. (FGI) and the Farmers Exchanges USD 1.51 billion.
8 April 2021UNIQA maintains its capitalization at a high level in 2020
The Solvency II capital requirement ratio of UNIQA was at 170 per cent in 2020 and continues to be at a very high level. The solvency ratio was high despite the sharp decline in interest rates and non-recurring effect and showed a Strong profitability of new business in life, health and pension funds.
8 April 2021Findings of the World Bank's study on the macro-fiscal impacts of earthquakes and floods in the EU presented in premiere at the Property Insurance Conference, on 22 April
Several major earthquakes hit areas of the Central and Southeastern Europe in 2019 and 2020, impacting in particular Albania, Croatia and Turkey. Beside the economic and social shock, these events has shown once again the dimensions of the insurance protection gap in the region, a topic that will come under debate at the Property Insurance Conference, on 22 April.
8 April 2021SAVE THE DATE: LEPL and XPRIMM announce the 3rd International Insurance Conference for Georgia
Continuing their successful initiative of facilitating the dialogue between the Georgian insurers and their peers in the global insurance landscape, LEPL - the Insurance State Supervision Service of Georgia and XPRIMM announce the 3rd edition of the International Insurance Conference for Georgia, on 20 May, 2021.
8 April 2021Guy Hudson joins AHJ and AHJ Europe AS, to help their expansion plans in Central, Southern & East Europe.
Guy Hudson has recently joined AHJ / AHJ Europe AS to continue the reinsurance broker's expansion into the Central, South & Eastern European territory.
8 April 2021STATISTICS: MOLDOVA, FY2020: market decline slightly slowed down after the third quarter and by the end of the year amounted to about 11%
The insurance market of Moldova ended 2020 with a total GWP drop of almost 11% y-o-y in local currency (MDL 1.45 billion/EUR 68.77 million). Paid claims decreased by 8.78% to MDL 596.39 million.
8 April 2021KYRGYZSTAN: insurers' income in 2020 increased by more than 6% y-o-y
In 2020, total income of insurance companies in Kyrgyzstan increased by 6.3% y-o-y and amounted to KGS 1.7 billion (~EUR 16.6 million*), as Economist.kg reports, citing the press service of the National Statistical Committee.
8 April 2021Romanian insurance market's leader to be sold to global investor I3CP
Romanian largest insurer CITY Insurance announced in a statement that local investment firm Vivendi International has reached an agreement with the Netherlands-based I3CP Holdings to sell its entire majority stake in the insurance company.
7 April 2021RUSSIA: the balance of undisbursed allocated funds of RAMI reached the minimum value for the last 8 years
Over the past two years (2019-2020) the balance of undisbursed allocated funds of the RAMI (Russian Association of Motor Insurers) reached its lowest level in the last 8 years (RUB 10.5 billion/EUR 0.11 billion*, - 42% in RUB).
6 April 2021KAZAKHSTAN: presented the first earthquake risk model, designed specifically for the Republic of Kazakhstan
A year after the release of the review of the rating agency S&P Global Ratings, the first earthquake risk model Tremblor with a high degree of detail on the zoning of the territory was presented on the Kazakhstani insurance market.
6 April 2021AZERBAIJAN: compulsory health insurance to cover the entire population from April 1
Starting April 1, compulsory health insurance (CHI) covers the entire population of Azerbaijan, Trend reported referring to the State Agency for Compulsory Health Insurance.
6 April 2021Allianz completes the sale of closed life book portfolio in Belgium
Allianz and Monument Re have completed the sale of part of Allianz's closed life book portfolio in Belgium to MONUMENT Assurance Belgium (MAB).
5 April 2021Ex-Lloyd's of London CEO nominated to the NN Group SB
The Supervisory Board (SB) of NN Group has decided to nominate Inga BEALE for appointment as member of NN Group's Supervisory Board for a term of four years. "This nomination has been made with the intention to further strengthen the composition of the Supervisory Board, with a specific focus on transformation processes", as the Dutch insurer mentioned in a statement.
5 April 2021Aviva completes sale of its entire shareholding in Aviva Vita
Aviva informed that it has completed the sale of its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita, to its partner UBI Banca.
5 April 2021Slovenian ISA amends previous recommendation regarding dividend payments
Slovenian Insurance Supervisory Authority informed in a letter sent to all local insurance, reinsurance and pension companies, that it will adjust its previous recommendation from March this year.
5 April 2021
