TOP NEWS
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by Marina MAGNAVAL, 2023-12-12 According to the Estonian Insurance Association (EKsL), in the last 15 years, storms have caused the most insurance cases in December. The risk of storms is also greater in October and August. The biggest storm in 2023 was on October 7-8, when it caused 1,500 insurance cases with a total loss of EUR 3.5 million.  More
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by Marina MAGNAVAL, 2023-12-12 Life insurance premiums per capita in the Baltic States ranges from EUR 60 to EUR 104, which is several times less than the average in Europe, but is comparable to other Central European countries, the Latvian Insurers Association (LAA) reports. More
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by Marina MAGNAVAL, 2023-12-12 In 3Q2023 an increase of 0.5% in total assets of insurance companies was registered compared to the previous quarter. The amount reached EUR 19,568 million, while insurance technical reserves increased to EUR 14,375 million from EUR 14,167 million in the previous quarter, insurancedaily.gr writes. More
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by Andrei VICTOR, 2023-12-12 VIG Re, the reinsurance company of Vienna Insurance Group, announced the increase of its registered capital by the amount of EUR 100,000,000 in 2023 and the authorization of VIG Re’s Board of Directors to increase the registered capital by additional EUR 50,000,000 in the following two years. More
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by Andrei VICTOR, 2023-12-12 AM Best has confirmed Generali's Financial Strength Rating (FSR) of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+". The outlook is stable, as the Italian insurer announced in a statement. More
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by Andrei VICTOR, 2023-12-12 Fitch Ratings has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (?IG), as well as to EIG Re AD, the reinsurance company of the group, as the Bulgarian holding Eurohold – the owner of Euroins, announced in a statement. More
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by Marina MAGNAVAL, 2023-12-12 In 2024, the income and expenses of the Unemployment Insurance Fund in Azerbaijan will amount to AZN 238 million (or USD 140 million), which is AZN 20.3 million, or 9.3% more than this year, Trend reports. More
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by Marina MAGNAVAL, 2023-12-12 The draft law "On Insurance ", which was adopted by deputies in the second reading, provides for introduction of a new form of insurance - imputed insurance, BELTA reports. More
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by Marina MAGNAVAL, 2023-12-12 Over the first 9 months of 2023, the leader of the insurance market, Uzbekinvest, achieved a significant increase in its performance, collecting UZS 938.4 billion (~EUR 72.50 million) in premiums, which is 210% more y-o-y, the insurer reports. More
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by XPRIMM Teams, 2023-12-13 The International Association of Insurance Supervisors (IAIS) published its 2023 Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise (GME), the IAIS’ risk assessment framework to monitor key risks and trends and detect the potential build-up of systemic risk in the global insurance sector. More
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STATISTICS |
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by Andrei VICTOR, 2023-12-13 According to the CAP (Czech Insurance Association) quarterly figures, at the end of September 2023 the aggregate GWP reported by member companies totaled CZK 127 billion (EUR 5.2 billion) up by 6.5% y-o-y. More
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by Andrei VICTOR, 2023-12-13 According to the January-September 2023 statistics published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 2.04 billion, up by 4.78% y-o-y. More
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by Marina MAGNAVAL, 2023-12-12 At the end of 3Q2023, the Georgian insurance sector grew by 16.11%, reaching GEL 817.99 million (EUR 287.80 million), according to the Georgian Insurance Supervision Service. More
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MARKET & TRENDS |
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by XPRIMM Teams, 2023-12-13 As the UN's global climate talks came to a close, Europe's insurance industry reconfirmed its commitment to fighting climate change and overcoming climate protection gaps – the uninsured losses from natural catastrophes – which are increasing as the impact of climate change materializes. More
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ON THE MOVE
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by Daniela GHETU, 2023-12-13
Nina Klingspor was appointed as the new CEO of Central Europe for Allianz Group, taking over from Petros Papanikolaou who will be appointed as the new CEO of Allianz Global Corporate & Specialty SE (AGCS), with additional responsibility for leading Allianz Commercial globally. Both changes are effective as of January 1, 2024, subject to approval by the relevant corporate bodies.
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by Andrei VICTOR, 2023-12-12
Italian insurerer Assicurazioni Generali informed that has appointed the current non-executive and independent director Stefano Marsaglia to its investment committee with immediate effect.
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by Andrei VICTOR, 2023-12-12
Global re/insurance marketplace Lloyd’s informed that Jonathan May, currently Chief Financial Officer (CFO) and Chief Operations Officer (COO) for Lloyd’s Europe will become Lloyd’s Europe CEO on the 1st January subject to regulatory approval, following the departure of Amelie Breitburd on 31 December 2023.
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by Andrei VICTOR, 2023-12-12
American International Group (AIG) announced that its Board of Directors has elected James Dunne as an independent Director, effective December 1, 2023.
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EVENTS |
XPRIMM Time for Business - Romanian Insurance Market in 2024
29 January 2024
Hotel Marshal Garden, Bucharest, Romania
International Conference on Insurance Claims26 February 2024
Hotel Marshal Garden, Bucharest, Romania
IIF2024 ESG in Insurance Conference16 April 2024
Vienna Marriott Hotel, Vienna, Austria
20th Anniversary GRAWE Carat Asigurari23 April 2024
Palace of the Republic, Chisinau, Republic of Moldova
25th International Insurance Reinsurance Forum - FIAR26-28 May 2024
Hotel Sheraton, Bucharest, Romania
fiar.ro
International Insurance Conference of Azerbaijan20-21 June 2024
Baku, Azerbaijan
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CURRENT XPRIMM REPORTS
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