TOP EVENT
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by Adina TUDOR, 2023-06-26
FIAR 2023 - The International Insurance Reinsurance Forum started on Monday, June 26, with the Insurance Market Trends Conference, which analysed the main changes and challenges faced by the Romanian and European insurance markets, from macroeconomic trends and the impact of inflation on insurers, to how Artificial Intelligence and ChatGPT will shape the future of insurance.
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by Adina TUDOR, 2023-06-26
The PROPERTY INSURANCE Conference, taking place on 26 June during FIAR - International Insurance-Reinsurance Forum, topics of primary interest for the home insurance market in Romania were debated, such as solutions to increase coverage, activities carried out by the authorities, PAID and other insurance companies.
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by Adina TUDOR, 2023-06-27
The Insurance Distribution Conference, which took place on 27 June during FIAR - The International Insurance-Reinsurance Forum, focused on the current challenges of the distribution market in Romania and the best strategies to overcome them and turn them into growth opportunities.
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by Adina TUDOR, 2023-06-27
The Motor Insurance Conference, which took place on 27 June during FIAR - The International Insurance-Reinsurance Forum, covered current challenges and future perspectives on the motor insurance segment, from digital solutions to improve efficiency in motor insurance to the new mobility and the impact of electric vehicles' proliferation on this insurance sector.
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TOP NEWS
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by Andrei VICTOR, 2023-06-29
Fitch Ratings, one of the largest rating agencies worldwide, has affirmed its assessment to Eurohold Bulgaria AD's Long Term Issuer Default Rating at 'B' with a stable outlook. In a statement, the agency has also pointed out it had removed it from its watch list for a possible negative outlook on the rating (Rating Watch Negative, RWN).
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by Marina MAGNAVAL, 2023-06-29
GWP for January-May 2023 amounted to ALL 8,959 million (~EUR 81.91 million), which is 15.29% more y-o-y. During the reporting period, the number of concluded insurance contracts reached 505,098 with an increase of 13.36%, the Albanian Financial Supervisory Authority (AFSA) informed.
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by Marina MAGNAVAL, 2023-06-29
The insurance penetration rate in Bulgaria is only 2.4%, while the European average is about 7.4%, which means Bulgarians insure three times less than other Europeans. The problem with the low share of insured property is especially serious, as there will be more and more natural disasters going forward, as Yuri Kopach, Chairman of the Board of Directors of ABZ said.
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by Marina MAGNAVAL, 2023-06-29
According to the statistics of the Estonian Traffic Insurance Fund (LKF), the share of road accidents caused by elderly drivers has increased by 70% over the past 10 years.
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by Daniela GHETU, 2023-06-29
An optimized positioning of the Vienna Insurance Group (VIG), a strong focus on the target groups of investors and applicants, as well as a comprehensive area on the subject of sustainability are the core themes of the new website. For the first time, the website uses its own top-level domain with www.group.vig .
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by Daniela GHETU, 2023-06-29
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) agreed that EIOPA will coordinate the first joint mystery shopping exercise on sales of insurance conducted in 8 Member States.
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by Daniela GHETU, 2023-06-29
The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have published their Progress Reports on Greenwashing in the financial sector (see EBA, EIOPA, and ESMA reports). In these reports, the ESAs put forward a common high-level understanding of greenwashing applicable to market participants across their respective remits - banking, insurance and pensions and financial markets.
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by Daniela GHETU, 2023-06-29
Europe's small and medium-sized enterprises are seeking a boost from policymakers to make their businesses more sustainable, according to research carried out by SDA Bocconi School of Management in partnership with Generali for the SME EnterPRIZE project.
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by Marina MAGNAVAL, 2023-06-29
As a result of heavy rains, mudflows, strong winds and hail, farms were damaged in several regions of Azerbaijan, in connection with which the number of applications to the Agricultural Insurance Fund has increased in recent days, Trend reports.
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by Andrei VICTOR, 2023-06-29
Starting July 1st, 2023, the NBM - The National Bank of Moldova will take over from NCFM - The National Commission of Financial market the control of non-banking financial markets, including the insurance segment, local media wrote.
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by Marina MAGNAVAL, 2023-06-29
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has determined the list of candidates for the position of General Director of MTIBU, Forinsurer informed.
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by Marina MAGNAVAL, 2023-06-29
Euroins Ukraine, a subsidiary of the international insurance group Euroins Insurance Group (EIG), in January-May 2023, maintained its financial stability and fulfilled all obligations to customers, fully meeting the requirements of the market regulator, Forinsurer reports.
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STAND BY UKRAINE
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by Andrei VICTOR, 2023-06-29
Global re/insurance broker Aon, the world's leading marketplace for commercial, corporate and specialty risk solutions - Lloyd's and Austrian insurance group VIG announced a new collaboration to provide enhanced (re)insurance capacity to bolster Ukraine's economic resilience and support the country's recovery and reconstruction.
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STATISTICS
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by Andrei VICTOR, 2023-06-29
The Q1 2023 figures published by the Czech National Bank (CNB) show that the local insurance industry totaled about EUR 2.3 billion - CZK 54.8 billion, up by 6.6% y-o-y.
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ON THE MOVE
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by Daniela GHETU, 2023-06-29
On July 1, 2023, Hartwig Löger will take over the position of CEO of the Vienna Insurance Group (VIG) from Elisabeth Stadler. Peter Höfinger becomes Deputy Chairman of the Management Board.
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by Andrei VICTOR, 2023-06-29
The Supervisory Board of Allianz SE announced that it has extended the mandates of Allianz SE Board Members Barbara Karuth-Zelle, Group Chief Operating Officer, and Christopher Townsend, responsible for Global Insurance Lines, Global Commercial Insurance, Reinsurance, Anglo Markets, Iberia & Latin America, Middle East and Africa.
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by Daniela GHETU, 2023-06-29
Jasminka Horvat Martinovi? is leaving the position of President of the Management Board of the Croatian VIG subsidiary Wiener osiguranje at the end of June, osiguranje.hr reports. Starting first of July, the company will be managed by the current members of the Management Board, Tamara Rendi? and Božo Šaravanja.
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by Andrei VICTOR, 2023-06-29
Marsh McLennan - MMC informed that Hafize Gaye Erkan has stepped down as a member of its Board of Directors (BoD), effective immediately. "As a member since early 2022, Ms. Erkan served on the Audit and Directors and Governance committees during her time on the Board".
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by Andrei VICTOR, 2023-06-29
American International Group (AIG) announced that Sabra Purtill, who has served as Interim Chief Financial Officer since January 2023, has been named to the role on a permanent basis, effective immediately. Shane Fitzsimons will step down from his position following a medical leave of absence.
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by Andrei VICTOR, 2023-06-29
Chubb Limited announced that Michael O'Donnell has been appointed Chief Operating Officer, Global Reinsurance. The appointment is effective immediately.
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by Andrei VICTOR, 2023-06-29
The reinsurance broker Guy Carpenter, part of Marsh McLennan, announced the appointment of Vincenzo Cacia as its next CEO of Italy. The company additionally announced key appointments in Italy to further strengthen its position in the region.
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by Andrei VICTOR, 2023-06-29
French reinsurer SCOR informed that in Q4 2023, Manuela Colombo will take over as Legal Representative for the Italian branch succeeding Umberto Gavazzi.
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EVENTS
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CURRENT XPRIMM REPORTS
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