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XPRIMM News No. 658, 05 October 2023

Insurance Newsletter No. 658, 05 October 2023
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TOP NEWS

by XPRIMM Teams, 2023-10-04
Insurance Europe has published its response to the European Insurance and Occupational Pensions Authority (EIOPA) Staff Paper on the demand-side of natural catastrophe protection gap - the difference between total economic losses and the amount covered by insurance.
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by XPRIMM Teams, 2023-10-04
Insurance Europe has written to the EU’s Commissioner for Health and Food Safety expressing serious concerns about the proposed European Health Data Space (EHDS) which would exclude the insurance industry in accessing secondary health data.
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by Marina MAGNAVAL, 2023-10-04
Premium income from January to August 2023 in Albania amounted to ALL 15,331 million (~EUR 141 million), or 10.44% more y-o-y. The number of concluded insurance contracts increased by 11.97%, the Albanian Financial Supervisory Authority (AFSA) informed.
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by Marina MAGNAVAL, 2023-10-04
The Bank of Lithuania provided specific regulatory proposals that would prevent improper sales of investment life insurance and protect consumers from misleading, the Bank said.
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by Marina MAGNAVAL, 2023-10-04
TUW PZUW (Polski Zak?ad Ubezpieczen Wzajemnych) won the Insurance Stars ranking. The award was given at an event organized by the editorial office of "Dziennik Gazeta Prawna". The company ranked first among all insurance companies in Poland and among mutual insurance companies, Gazeta Ubezpieczeniowa reports.
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by Marina MAGNAVAL, 2023-10-04
MTPL loss ratio began to slowly grow in the Armenian insurance market - by September 1, 2023, on an annual basis, it increased from 63% to 65%, ArmInfo reports.
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by Marina MAGNAVAL, 2023-10-04
From January to August 2023, GWP in voluntary health insurance in Azerbaijan amounted to AZN 91.22 million (~EUR 49.58 million), which is 7.6% more y-o-y, Trend writes with reference to the Central Bank of Azerbaijan.
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by Andrei VICTOR, 2023-10-03
Dutch insurer Aegon informed that at its Extraordinary General Meeting of shareholders approved the first step in the company’s redomiciliation to Bermuda.
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by XPRIMM Teams, 2023-10-04
One of the world’s leading insurtech, wefox, has been appointed as affinity insurance partner by WINDTRE, Italy’s leading telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, to provide insurance directly to its customers.
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by Andrei VICTOR, 2023-10-03
Allianz Group announced that it entered into a binding transaction regarding the transfer of its 51% stake in Allianz Saudi Fransi in Saudi Arabia to ADNIC, a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange, as the Munich-based group streamlines its primary insurance operations in the Middle East.
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by Daniela GHETU, 2023-09-28
The World Forum for Catastrophe Programs, a prestigious gathering of professionals dedicated to enhancing global resilience, recently convened in Bucharest, Romania, from September 19th to 22nd, 2023, the meeting being held at the end of Romania’s rotative presidency of the WFCP.  This annual event brought together more than 20 professionals from 15 countries, fostering collaboration and knowledge-sharing among experts in the field of catastrophe risk management.
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by Daniela GHETU, 2023-09-28
On 24-26 September, the Second Annual Conference of EERIA - Eastern European Risk and Insurance Association took place in Poznan, Poland, hosted by the local University of Economics and Business (PUEB). Academics and insurance professionals from all over Europe attended the conference.
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ON THE MOVE

by Andrei VICTOR, 2023-10-04
Italian insurer Generali announced that Giulio Terzariol will join the Company as CEO Insurance, a newly created role with responsibility for all the insurance Business Units, with effect from January 2024. Terzariol will report directly to the Group CEO, Philippe Donnet, and will join the Group Management Committee of Assicurazioni Generali.

MARKETS & TRENDS

by Daniela GHETU, 2023-10-04
MOLDASIG S.A., the leader in the insurance market in the Republic of Moldova, is making available for purchase an 80% stake in the company's share capital in a single package of tradable shares on the regulated market of the Republic of Moldova. The purpose of this offering is to strengthen the company's reputation and financial stability.
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STATISTICS

by Andrei VICTOR, 2023-10-03
The Czech insurance market ended the second quarter of 2023 with GWP worth CZK 107.8 billion (EUR 4.5 billion), up by 6.4% y-o-y, according to the end-June statistics published by the Czech National Bank (CNB).
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by Andrei VICTOR, 2023-10-03
Latvian insurers' January-June 2023 aggregate GWP (local and EU branches, summed-up) expanded by 15% to almost EUR 562.3 million, while the amount paid claims and indemnities increased by 6.6% y-o-y to EUR 343 million, according to the half-year figures published by The Financial and Capital Market Commission of Latvia (FKTK).
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by Andrei VICTOR, 2023-10-03
Cypriot insurers posted H1 2023 aggregate GWP of EUR 585.9 million, up by EUR 57 million (or by 11.8% y-o-y), according to the half-year market figures report published by the Insurance Association of Cyprus - IAC. Non-life insurance segment totaled EUR 292.5 million (up by 9.8% y-o-y), while the life insurance segment generated premiums of EUR 293.3 million, or 11.8% more y-o-y.
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by Andrei VICTOR, 2023-09-28
Hungarian insurers' end-June 2023 GWP decreased by 0.8% y-o-y to HUF 779 billion (EUR 2.1 billion), according to the quarterly statistics published by the National Bank of Hungary (MNB).
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VIG

Omniasig

EVENTS

Insurance Conference of the Repubic of Moldova
17 October 2023
Radisson Blu Leogrand Hotel, Chisinau
Repubic of Moldova
Details: xprimmevents.com


Baden-Baden Reinsurance Meeting
22 - 26 October 2023  
Baden-Baden, Germany
https://baden-baden-reinsurance.com/ 
II. Insurance Fair Industrial Cooperation Fair and Congress
13- 15 November 2023  
Pine Beach Belek Hotel Antalya, Türkiye
register@iicfair.com
www.sigortacilikfuar.com 


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