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TOP NEWS
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A FIRST for the CEE region from XPRIMM: The Insurance Distribution Report
by XPRIMM, 2021-07-19
The latest editorial premiere of XPRIMM - the CEET Insurance Distribution Report -, is now LIVE, on www.xprimm.com. Produced in cooperation with IAIS - the International Association of Insurance Supervisors - the report provides for a new approach, analyzing the importance of each category of distributors through assessing their contribution to the market GWP formation.
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Amodo brings Usage-Based Insurance to businesses using SAP Solutions
by Daniela GHETU, 2021-07-21
Through its partnership with SAP, one of the world's leading producers of software for the management of business processes, Amodo will deliver usage-based insurance (UBI) to businesses using SAP® solutions, the Croatian digital solutions provider announced.
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Bulgarian insurers posted Q1 profits of EUR 40 m
by Andrei Victor, 2021-07-20
Bulgarian insurance market posted aggregate quarterly profit of BGN 78.2 million (EUR 40 million), about 63% more as compared with the snapshot at 31 March 2020 (BGN 47.9 million/EUR 24.5 million), according to the market statistics published on FSC website.
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AM Best affirms Credit Ratings of Bosna Reosiguranje d.d. Sarajevo
by Daniela GHETU, 2021-07-19
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina [BH]). The outlook of these Credit Ratings (ratings) is stable.
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LHV Kindlustus unaudited results for 1H 2021
by Daniela GHETU, 2021-07-20
LHV Kindlustus, Estonian LHV Group's recently established non-life insurance unit, ended the first half of the year with a net loss of EUR 388,000. The consolidated net profit of AS LHV Group, including banking, asset management and insurance businesses, reached EUR 24.3 million.
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RUSSIA: Expert RA: bancassurance may grow by 12% in 2021
by Marina MAGNAVAL, 2021-07-19
Despite the pandemic and quarantine restrictions in 2020, the Russian bancassurance market grew by 8.2% to RUB 668.4 billion (EUR 7.37 billion*). This was facilitated by anti-crisis measures, as well as the desire of citizens to receive a higher investment income due to low interest rates on deposits, according to the recent review of the Expert RA rating agency.
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UKRAINE: MTIBU approached NBU with a proposal to increase insurance amounts for MTPL
by Marina MAGNAVAL, 2021-07-19
MTIBU (Motor (Transport) Insurance Bureau of Ukraine) appealed to the National Bank of Ukraine with a proposal to increase MTPL insured amounts (maximum payment): up to UAH 160 thousand for property damage of victims, and UAH 320 thousand for harm to life and health, as well as to increase the limit of payments under the European Accident Statement to UAH 80 thousand, MTIBU reported.
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STATISTICS
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MARKETS & TRENDS
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ON THE MOVE
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HANFA green lighted Zeljko Lovrincevic's appointment as CO's SB member
by Andrei Victor, 2021-07-20
Croatia osiguranje, the largest Croatian insurer and one of the largest insurance group in the Adriatic Region announced in a statement published on the Zagreb Stock Exchange website that HANFA (Croatian Financial Services Supervisory Agency) authorized Zeljko Lovrincevic as member of the Supervisory Board of CROATIA osiguranje.
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Aon announced leadership changes in EMEA following Cullen's exit
by Andrei Victor, 2021-07-20
Global re/insurance broker Aon announced three senior leadership appointments in EMEA Region following John Cullen step down from his role as Chief Executive Officer (CEO) of Commercial Risk, Health and Affinity in EMEA at the end of June.
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EVENTS
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CURRENT XPRIMM REPORTS
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