News - Insurance

STATISTICS: Croatian insurers posted double-digit increase in Q3 GWP

The Q3 2021 gross written premiums of Croatian insurers increased by 12.15% y-o-y to HRK 9.02 billion (EUR 1.20 billion), while gross paid claims by insurers totaled HRK 5.19 billion, up by 9% y-o-y according to the quarterly figures published by the Croatian Insurance Bureau - CIB.

MMC posted Q3 revenue of USD 4.6 billion

Global re/insurance broker MMC posted Q3 2021 aggregate revenue of USD 4.6 billion, an increase of 16% compared with the third quarter of 2020. Q3 operating income was USD 740 million, an increase of 37% from the prior year while net income attributable to the Company was USD 537 million, or USD 1.05 per diluted share, compared with USD 0.62 in the third quarter of 2020.

Leadership changes at Allianz Africa

German insurer Allianz announced starting with November 1, 2021, Delphine TRAORE (COO and Board Member of Allianz Africa) will succeed Coenraad VROLIJK as Allianz Africa Regional CEO.

Aviva announced directorate change

Aviva announced the appointment of Martin STROBEL as Independent Non-Executive Director of the Company with effect from 22 October 2021.

RUSSIA: S&P improves the long-term ratings of ROSGOSSTRAKH

S&P Global Ratings has improved the financial strength rating and the credit rating of ROSGOSSTRAKH to BB +, with a stable outlook on the ratings. Since October 2020, the oldest insurer in Russia (the company celebrates its 100th anniversary in 2021) has had BB ratings. In April 2021, the agency improved its rating outlook to positive, the insurer said in a press release.

"Game-changing Pay Per Mile program" webinar, 8 November: what it takes to build a Full Comprehensive Motor Insurance product considered as the "future of safe driving"

At the beginning of summer 2021, Amodo and UNIQA presented the first Full Comprehensive insurance in Croatia that can be activated or deactivated as needed, enabling users to contract and use it via a smartphone application. To know more about it, join the webinar where representatives of the two companies will talk about game-changing insurtech solutions!

Zaffino, AIG: Insurers face "new world" of catastrophe losses

The COVID-19 pandemic had presented new opportunities for innovative re/insurance solutions but added that the sector wasn't addressing emerging risks and climate change quickly enough, Peter ZAFFINO, President & CEO of AIG stated for Aon's fireside chat this week.