News - Insurance

ESG IN INSURANCE Conference, Vienna, 16 April 2024

The second edition of ESG IN INSURANCE Conference took place in Vienna, organized by XPRIMM, with Vienna Insurance Group as official partner, and Reimpact-Re and IUC Group as partners.

AM Best: insurers have coped well with a highly volatile operating environment

Insurance industry has shown resilience to market events while navigating a heightened operating environment in a world with greater uncertainty and increased inter-connectivity of risks, AM Best analysts Morgane Hillebrandt and Dr. Angela Yeo have remarked at the AM Best's CEE Insurance Market Briefing – Vienna.

Swiss Re publishes its 2023 Financial Condition Report

Swiss Re published the 2023 Financial Condition Report for the Swiss Re Group and its regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2023.

STATISTICS: RUSSIA, FY2023: net profit at the end of the year almost doubled

In 2023, the insurance market grew by a quarter to RUB 2.28 trillion (EUR 23.03 billion). The growth drivers in life insurance were all main types, including investment, accumulative and credit insurance, while in non-life insurance – motor segment, follows from data published by the Central Bank.

STATISTICS: GEORGIA, FY2023: market exceeded GEL 1 billion

According to the Georgian Insurance Supervision Service, the market in 2023 amounted to GEL 1.06 billion (EUR 357.47 million/+13.35%), which is almost 17% more y-o-y. Insurers’ paid claims reached GEL 614.29 million (EUR 206.46 million/+20.29%), which indicates an increase of 24%.

Last chance to register for the 2024 edition of the IIF - ESG IN INSURANCE Conference

Last chance to register for the 2024 edition of the IIF - ESG IN INSURANCE Conference, on 16 April, in Vienna. See the full agenda online and register now to join participants from accross tens of insurance markets, as well as a stellar team of speakers that will share their views and experience on the most important ESG issues in the insurance framework. 

Save the date! 2024 IAIS Global Seminar on 9-11 July 2024

The 2024 IAIS Global Seminar will take place virtually on 9-11 July 2024 from 13:00-15:00 (CEST), the International Association of Insurance Supervisors announced.

The panel sessions of the Global Seminar will explore the transformative power of artificial intelligence in the insurance sector and delve into the changing monetary policy landscape to discuss the steps insurers are taking in response.

There will also be opportunities to engage with the IAIS leadership for valuable insights into our strategic initiatives and share perspectives and ideas.

In line with our commitment to environmental sustainability, the Global Seminar will be held in a virtual format. This move aligns with the IAIS’ Environmental Policy, which includes targets to reduce our carbon footprint associated with meetings.

More details will soon follow on
IAIS’s website, including the registration information.

POLAND: MTPL insurers record a technical loss for the first time since 2016

Due to the still low rates in TPL, the Polish motor segment recorded another decline in the technical result in 2023. Total motor insurance GWP amounted to EUR 6.5 billion, 8.5% up y-o-y. While GWP growth on the MoD line was of about 14%, on the MTPL class premiums went up by only 1.7% y-o-y.