TOP NEWS
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by Daniela GHETU, 2024-08-29
Austrian Vienna Insurance Group reported GWP of EUR 7,886.8 million in 1H2024, 7.9% up y-o-y. Premiums increased in all segments and all lines of business, the Group said. The underwriting income increased to EUR 5.9 billion (+10.0%), while earnings before taxes grew to EUR 481.0 million (+3.9%).
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by Daniela GHETU, 2024-08-28
UNIQA Group’s earnings before taxes increased y-o-y by almost 20% in1H2024, supported by the 4.5% y-o-y growth recorded in Austria, the 12.3% increase in the Eastern Europe business, a moderate claims burden and very good performance with its investments, while the gross combined ratio stood at 87.3%.
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by Daniela GHETU, 2024-08-28
The Triglav Group delivered a strong performance in 1H 2024, its total business volume reaching EUR 942.9 million, 2% down y-o-y. The Group recorded a gross profit of EUR 89.5 million, significantly higher y-o-y. Based on 1H results, Triglav expects year-end gross profit in the range of EUR 130 - 150 million.
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by Daniela GHETU, 2024-08-28
Intense rainfall episodes between August 16-20 in parts of Austria, Czechia, Poland and Slovakia resulted in instances of flash flooding and landslides leading to total aggregated insured losses, as initially reported by insurers from the region, in the tens of millions EUR, the latest Aon Weekly Cat Report said.
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by Marina MAGNAVAL, 2024-08-29
During the first half of this year, the number of companies that purchased employer's health insurance to cover medical expenses of their employees increased by 11% - 1400 employers have insured 60,000 employees, which is the highest result since the launch of this insurance product in 2018.
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by Marina MAGNAVAL, 2024-08-29
Among voluntary classes, property insurance remains the best-selling with EUR 3 million generated per month, followed by Motor Hull with EUR 2 million and health insurance with EUR 1.7 million, the Insurance Supervision Agency (ASO) informed.
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by null, 2024-08-28
Leading specialty Managing General Agent Nexus Group (“Nexus”) has announced it has launched a new Alternative Risk Transfer (ART) business line, under the leadership of Christof Bentele, President of Nexus Specialty Casualty.
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by Marina MAGNAVAL, 2024-08-29
In the first 7 months of 2024, the insurance market of Azerbaijan increased by 9.5% to AZN 833.85 million (~EUR 453.18 million), ABC.AZ writes with reference to the Central Bank of Azerbaijan.
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by Marina MAGNAVAL, 2024-08-29
The Resolution of the Council of Ministers d/d August 20 determined in 2024 the organizations authorized to pay for Belarus' share in the charter capital of the Eurasian Reinsurance Company, BELTA reports with reference to the National Legal Internet Portal.
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by Marina MAGNAVAL, 2024-08-29
The total property damage to vehicle owners after a strong hail that hit Astana on August 8 may exceed KZT 4.5 billion (~EUR 8.37 million), according to estimates from the EURASIA insurance company.
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by Marina MAGNAVAL, 2024-08-29
ARX, which is one of the TOP-3 in Ukraine and has been operating on the market for 30 years, generated more than UAH 1.9 billion (~EUR 43.86 million) in non-life insurance in the first half of 2024 (+14% y-o-y). The insurer's paid claims exceeded UAH 856 million (~EUR 19.76 million), Forinsurer reports.
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by Marina MAGNAVAL, 2024-08-29
TAS Group (one of the TOP-3 insurers in Ukraine) collected UAH 2,553.35 million (~EUR 57.47 million) for the period from January to July 2024, which is 38.8% higher y-o-y, Forinsurer wrote.
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STATISTICS
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by Daniela GHETU, 2024-08-28
The 14 insurance companies operating on the Croatian insurance market in 1H2024 have collected premium worth EUR 953.3 million, of which EUR 175.5 million (18.5%) for life insurance and EUR 776.8 million (81.5 %) for the non-life insurance lines, data provided by the market authority (HANFA) show.
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by Daniela GHETU, 2024-08-29
Latvian insurers ended Q1 2024 with gross written premiums (GWP) worth EUR 329,15 million, 11.42% up y-o-y. Life insurance accounted for almost 19% of this total, while motor insurance is the business segment eith the largest participation to the market portfolio (32%).
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by Daniela GHETU, 2024-08-28
The gross written premiums by companies domiciled in Romania amounted to ~ EUR 961.3 million, 0.4% up y-o-y, and accounting for 86% of the total volume written in Romania. Meanwhile, GWP by branches operating in Romania under FOE reached EUR 154.5 million in Q1 2024.
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by Marina MAGNAVAL, 2024-08-29
According to the National Bureau of Statistics, the insurance sector of Moldova grew by 11.06% to MDL 1,553.12 million (EUR 80.93 million) in the first half of 2024. At the same time, paid claims increased by 10.61% and amounted to MDL 532.99 million (EUR 27.77 million).
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ON THE MOVE
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by Daniela GHETU, 2024-08-29
WTW has appointed Gavin Hamilton as a Director within its International Property team, based in London. Hamilton will report into Edward Day, Head of International Property.
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EVENTS
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CURRENT XPRIMM REPORTS
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