The Sava Insurance Group delivered a net profit of EUR 10.9 million in 1Q2019, accounting for 25.4% of the 2019 planned profit. The annualized RoE was 12.2%. A benign claims development and improved cost efficiency were the main drivers of the profit increase.

The GENERALI Group ended Q1 with a net profit of EUR 744 million, up 28.1% y-o-y, reflecting in part the result from disposals. The adjusted net profit increased to EUR 616 million (+6%) in line with the targets of the Group's new strategic plan.

The umbrella brand Sava Re Group will be replaced in all corporate documents by Zavarovalna skupina Sava in Slovenian and Sava Insurance Group in English, starting with the 1Q financial report for 2019, the Group has announced.

The National Bank of Tajikistan approved a voluntary insurance license for Takalluf company, based on a decision made May 7. The term of the license is 5 years, ASIA-Plus Media Group reports with reference to the press service of the National Bank.

From January to March this year, total assets of insurers grew by 5.5% (by KZT 34.8 billion) and exceeded KZT 1.1 trillion (~EUR 2.58 billion), Allinsurance.kz reports.

By the end of 2018, there were 2.6 million Poles, who purchased private health insurance, a number exceeding 2.5 million for the first time in history, Polish Insurance Association (PIU) reports.

The Croatian Financial Services Supervisory Agency (HANFA) has established a regulatory Innovation Hub, a specialized team dedicated to the issue of regulating financial innovation - FinTech, InsurTech, RegTech.

For the first three months of 2019, Allianz Group reported a solid growth compared to first quarter of prior year. Total revenues at group level grew by 9.1%, the operating profit increased as well, by 7.5%, while the net income stood above EUR 2 billion.

In the first quarter of 2019, PZU broke its own record at the start of the year, generating higher GWP volumes and higher net result, compared to the same period of 2018. Company's officials said it was the merit of the newly introduced strategy, for 2017-2020 period.

Zurich Insurance Group Ltd (Zurich) reported a 4% increase in terms of P&C GWP volume for the first quarter of 2019. In local currency, the figures show growths across all regions, keeping Zurich on track to meet and even to exceed 2017 to 2019 targets.

In the 2018 financial year, GRAWE AG increased its total premium income by 5.0% to EUR 588 million. Premium growth in non-life and accident insurance was up 5.7%, while in life insurance GRAWE recorded a 2.6% rise.

Can an efficient claims management strategy reduce your average claim? BROADSPIRE thinks it can. The company offers an extensive array of customized claim services, focusing on motor, property and liability insurance segments, as well as additional services dedicated to insurers and brokers.

On 7 May 2018, during the ordinary and extraordinary Shareholders' Meeting ("GM"), Generali chose a new Board of Directors, elected to hold office for three financial years, until approval of the financial statements for the year 2021.

In 2018, the insurance market of Kyrgyzstan saw growth of 8.79% y-o-y in local currency. GWP, generated by insurers, reached KGS 1.09 billion (EUR 13.65 million), as data published by the National Statistical Committee of the Republic show.

The CEE insurance market grew by 2.2% y-o-y in 2018, reaching a total GWP volume of EUR 36.9 billion. At the same time, CEE insurers paid benefits and indemnities worth EUR 22.44 billion, 2.37% up y-o-y. Poland, the region's flagship market, was also the only one recording a negative change in GWP, which made it diminish its share in the region's GWP to 39.2%, from 41.4% in 2017.

Hannover-based insurer TALANX Group reported a double-digit growth in GWP of 11% to EUR 11.7 (10.6) billion, the insurer officially announced May 9, 2019.

According to the President of the Georgian Insurance Association, Devi KHECHINASHVILI, one-time subsidization of compulsory vehicle insurance is a good initiative to increase civil responsibility, the Georgian Media holding Commersant wrote.

For the period from January to March 2019, the total number of complaints against insurers amounted to 12,200, which is 36% less y-o-y, according to the Bank of Russia.

The Polish Financial Supervision Authority (KNF) emphasized the adequacy of motor insurance premiums, for class 3 (Casco/Motor Hull) and class 10 (mandatory MTPL), since this group constitutes a significant part of the Polish market portfolio.

The Latvian Motor Insurers Bureau (LTAB) reported that the number of road traffic accidents (RTA) in Latvia involving uninsured vehicles decreased in 2018, compared to the previous year. In 2017, about 1.24% of total RTA were caused by uninsured vehicles, while last year 1.11% of RTA were caused by vehicles without a valid MTPL policy (- 0.13 pp).