News - Insurance
The Slovak competition council approved the acquisition of POSTOVA Poistovna by ACHMEA's local unit
The Anti-Monopoly Office of Slovak Republik approved the acquisition of POSTOVA Poistovna by UNION poistovna - the local bussines unit of Dutch insurance group ACHMEA.
1 March 2021ALLIANZ, NN and GENERALI are interested to buy the Polish AVIVA unit
Interational media wrote that the UK group insurer AVIVA intends to exit the Polish insurance market. German insurer ALLIANZ, the Dutch financial group NN and the Italians from GENERALI are the potential buyers, Reuters reported .
1 March 2021Austrian insurance market increased by 1.6% in 2020 to EUR 18 billion
According to the year-end 2020 preliminary figures published by VVO (the Austrian Insurance Association) - the Austrian insurance market totaled about EUR 18 billion, 1.6% more y-o-y.
1 March 2021AZERBAIJAN: life insurance market got a new player
Mega Life Insurance company received a license for life insurance activities. The Central Bank of Azerbaijan issued the license for the insurer for a period of five years, Trend informed according to the Central Bank.
1 March 2021ARMENIA: in 2020, the shares of corporate and retail insurance in the portfolios of insurers were almost equal
According to the results of 2020, retail and corporate insurance in the portfolios of companies recorded almost equal shares - 50.3% and 49.7%, respectively (vs 52.8% and 47.2% a year ago), ArmInfo reports.
1 March 2021After France, Aviva sell its joint venture also in Turkey for GBP 122 million
After the announcement of approving the sale of its French business, Aviva plc ("Aviva") will sell its entire 40% shareholding in its joint venture in Turkey to Ageas Insurance International N.V. for an amount of GBP 122 million.
26 February 2021Main statements of the INSURANCE IN THE DIGITAL WORLD CONFERENCE
The 2021 edition of the Insurance in the DIGITAL World Conference: "DIGITALIZATION between ups and .... Traps" was LIVE on our YouTube channel. Several top-notch speakers delivered their presentations.
25 February 2021Insurance Europe: adaptation efforts to climate changes must be ambitious
Action on adaptation to climate change must be ambitious and reflect diverse circumstances across member states, as Nicolas Jeanmart, head of personal and general insurance at Insurance Europe, commented.
25 February 2021Drought Index, the first drought insurance product brings new benefits to Romanian farmers in the agricultural year 2021
Agra Asigurari aids the farmers with new benefits for agriculture in 2021. Drought Index and Agrar Basis become the same policy with additional advantages, such as providing soybean crops insurance and compensation for a lower precipitation deficit of 30%.
25 February 2021A five-year EUR 3.5 billion plan for Fenice 190 launched by Generali
At its 190 th anniversary, Generali launches Fenice 190, a five-year EUR 3.5 billion plan in order to support the sustainable recovery in Europe and the real economy. Over EUR 1 billion has already been allocated through 10 investment funds focused on infrastructure, innovation and digitalization, SMEs, etc.
25 February 2021Paul Cazacu is the new CEO of UNIQA Asigurari
Starting with February 2021, Paul Cazacu takes over the position of CEO - President of the UNIQA Insurance Directorate.
25 February 2021Reputational Crisis Insurance has been launched by Willis Towers Watson and Liberty Specialty Markets
Through the exclusive partnership between Willis Towers Watson and Liberty Specialty Markets, the Reputational Crisis Insurance has been developed as a solution for organizations to transfer the financial risk associated with certain types of reputational crises.
25 February 2021Aviva France will be sold for EUR 3.2 billion to Aema Groupe
Aviva has approved the sale of its French Business for EUR 3.2 billion in cash to Aema Groupe in order to follow its strategic transformation and focus on the strongest businesses in the UK, Ireland and Canada.
25 February 2021Insurance Europe supports the proposal for a Digital Operational Resilience Act
Insurance Europe considers that the European Commission's proposal for a Digital Operational Resilience Act (DORA) for the financial sector is an important step considering the efforts to boost the cyber resilience of all sectors of the economy, including insurance.
25 February 2021Generali celebrates the 190th anniversary and intends to build a shared and sustainable future for all customers and communities
"Today more than ever, in an unprecedented context, the Generali Group intends to build a shared and sustainable vision for the future of all stakeholders", declared the Chairman of Assicurazioni Generali, Gabriele Galateri di Genola.
25 February 2021EUR 234 million net income and a dividend of EUR 1.80 per share, SCOR demonstrates its resilience in facing the shock of Covid-19
With an increase in gross written premiums to EUR 16,368 million in 2020, SCOR passes the real-life Covid-19 stress test demonstrating its resilience. The net income of EUR 234 million reflects the cost of Covid-19 and the annualized return on equity (ROE) stands at 3.8%.
25 February 2021STATISTICS: Turkey insurance industry decreased by EUR 1.33 billion due to the impact of the falling exchange rate
The Turkish insurance industry grew by 19.26% y-o-y in 2020 reporting of TRY 82.57 billion compared to 2019, announced the Turkey Insurance Association (TSB).
25 February 2021STATISTICS: Subunit increase for Lithuanian insurance market in 2020
Last year, the Lithuaian insurance market totalled EUR 954.87 million, which is 0.95% up, compared to 2019 results, as the figures published by the local insurance market regulator - The Lithuanian Central Bank - showed.
25 February 2021STATISTICS: Greek market has fallen below the threshold of EUR 4 billion
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 3.92 billion at the end of 2020, down by 3.7% y-o-y.
25 February 2021STATISTICS: Estonian insurers' business compressed by 5% last year
Last year, the Estonian insurance market posted aggregate GWP worth of EUR 468.86 million, 5% down compared with the previous year, according to FY2020 market figures published by the Estonian National Statistics Board.
25 February 2021
