At the end of September 2019, the new life insurer Xalq Hayat generated GWP for "life insurance of persons borrowing loans" and "compulsory insurance against industrial accidents and occupational diseases" worth of AZN 577 thousand (~EUR 310 thousand), ABC.AZ reports.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Slovenian Zavarovalnica TRIGLAV d.d. (TRIGLAV), the parent company of the TRIGLAV group, and Pozavarovalnica TRIGLAV Re (TRIGLAV Re), a wholly owned subsidiary of TRIGLAV. The outlook of these Credit Ratings (ratings) remains stable.

As we're heading towards 2020, the re/insurance industry evaluates the challenges and the evolution ahead. Swiss Re, for example, considers that the asset side will no longer have an impact. There is, also, the threat of inadequate pricing, mostly in the CEE countries.

China Banking and Insurance Regulatory Commission (CBIRC) approved Allianz request to conduct operations in world's fastest growing economy.

Microsoft will team up with Allianz and Syncier, the B2B2X insurtech founded by Allianz, to offer new digital solutions aiming to reduce costs and improve the portfolio management process.

Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG announced leadership changes, to take effect from 1 December 2019, subject to regulatory approval.

A new player enters the Turkish non-life insurance market after the Treasury licensed TMT Sigorta, informed Middle East Insurance Review. The Turkish market is currently dominated by the non-life sector which accounts for more than 80% of premiums.

Kosovo's insurance companies posted a net loss of EUR -0.8 million at the end of September 2019, compared to a net profit of 2.1 million euro a year earlier, according to the "Monthly Information Report of the Financial System" published by the Central Bank.

"I'm proud to say that we are a significant profit engine for the Group: as a matter of fact we are the second biggest net profit contributor in 2018. We have a proven track record of profitable growth and we are the most profitable insurance Group in the region. We are ready to capture market opportunities, thanks to our strong market position and a highly efficient regional platform", according to an interview with Luciano CIRINA, Austria, CEE & Russia Regional Officer and CEO of GENERALI CEE Holding published on the insurer' website.

From January to September 2019, Sampo Group accumulated a profit before taxes of EUR 1,073 million, 34.7% smaller than the same period of prior year.

IIF2019 - Insurance in the Digital World Conference, that will take place on 21 November in Bucharest, will feature beyondlimits - a project helping Insurtechs to get ready for external investors and co-operation partners by advising them on all aspects of their business operations and strategy so as to accelerate development and growth.

In the first nine months of 2019, Triglav Group posted a total of EUR 905 million in consolidated GWP, or 10% more y-o-y, and reached a profit before tax of EUR 72 million, up by 3% y-o-y. Taking into account the conditions anticipated until the end of the year, the Group confirms its annual profit guidance.

The PZU Group saw in 3Q 2019 record-breaking sales, with GWP amounting to PLN 17.5 billion (EUR 4 billion). At the same time, the net result on insurance activity reached PLN 1.99 billion (EUR 455 million), the best in five years.

For the third quarter of 2019, NN Group net result amounted EUR 515 million, showing a decrease of 34.6% year-on-year, reflecting lower non-operating items.

Net income available to common shareholder was USD 998 million for the first nine months of 2019, showing a solid result compared to the USD (101) million net income registered in the first nine months of 2018.

EIOPA welcomes the adoption today of the first global frameworks for supervision of internationally active insurance groups, including an Insurance Capital Standard Version 2.0, and for the mitigation of systemic risk in the insurance sector.

From January to September 2019, total market GWP decreased by 8.11% y-o-y, to AZN 522.45 million (EUR 281.01 million). Paid claims, on the contrary, went up by almost 8% and reached AZN 201.70 million (EUR 108.49 million), as the data, published by the Azerbaijan's Financial Market Supervisory Authority (FIMSA) show.

The Lithuanian insurance market totaled EUR 706.35 million at the end of September 2019 with an 7.87% increase y-o-y. At the same time, insurance companies paid EUR 369.35 million in claims, or 11.41% more y-o-y, according to the market data published by the Central Bank.

French insurance group AXA announced it sells 144 million shares in its US subsidiary AXA Equitable Holdings (EQH) to the investment company GOLDMAN SACHS which acted as the sole underwriter of a registered public offering of the AXA Group.

Italian insurer GENERALI annouced the launch of ARTE GENERALI, a global business unit dedicated to art collectors. "ARTE GENERALI is a suite of prevention, protection and insurance solutions for art collectors, integrated with unmatched services and cutting-edge technology", mentioned the Italian insurer in a press release.