The 2023 edition of the Insurance Conference of the Republic of Moldova will take place on 17 October, in Chisinau. Organized by XPRIMM, the event benefit from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets.

21 September 2023
On 16 September, the provisions of NADOS’s Decision on amendments to the Decision on the method of determining the premium tariff and price list for MTPL insurance, entered in into force in the FBiH leading to an increase in the basic premium from 396 KM to 420.55 KM.

21 September 2023
E-scooters in rental fleets cause significantly more accidents than privately used scooters, an analysis by the German Insurance Association (GDV) shows. Rental scooters are responsible for more than half of all e-scooter accidents, although only one in four scooters in Germany belongs to a rental fleet, statistical data show.

21 September 2023
Losses caused by end of August severe storms in Germany are expected to reach up to EUR 900 million, the German Insurance Association (GDV) said, while for the whole of August, the damage caused by storms, hail, lightning and floods adds up to EUR 1.5 billion.

21 September 2023
Tokio Marine Kiln announces the appointment of Liam Burke, ACII to its Life Sciences division as underwriter, effective immediately. Burke will be second in seniority to TMK’s head of life sciences, Kirsten Shastri, who he will report to.

21 September 2023
Over 70% of the respondents to the 2023 edition of the annual survey undertaken by the Czech Insurance Association (CAP) are concerned about the inability to provide for themselves in old age. Also, availability unavailability of quality medical care is among the top concerns.

21 September 2023
Higher interest rates transform the economics of insurance and put insurers on a more financially sustainable long-term path. Still, to narrow protection gaps, industry resources would need to grow in line with the growth in demand from evolving risks, such as catastrophes, reads the latest issue of the Swiss Re Institute’s sigma (no.4/2023).

21 September 2023
At the end of June 2023, the insurance market of Albania totaled ALL 11 billion (~EUR 104 million), up by 13% compared to January - June 2022, official half-year data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

18 September 2023
At the end of the first half-year of 2023, the BiH insurance market totaled EUR 249.9 million (BAM 488.7 million), 9.9% more y-o-y, as statistics from the local insurance agency - AZOBIH shows.

18 September 2023
The CIS* regional insurance market ended the first half of 2023 with a strong y-o-y decrease in euros - by 23%, amounting to EUR 14.39 billion, according to
xprimm statistics.

18 September 2023
Kosovo's active 12 insurers reported an aggregate net profit of EUR 5.9 million at the end of June 2023 vs. EUR 2.5 million a year before, according to data provided by the Central Bank (CBK). At the same time, the total insurers' assets increased to EUR 294.2 million, from EUR 253.6 million a year earlier.

18 September 2023
In the first half of 2023, the Moldovan insurance sector grew by 18.29%, reaching MDL 1.39 billion (EUR 70.03 million), according to data published by the National Bureau of Statistics of the Republic of Moldova.

18 September 2023
Zurich Insurance Group has appointed Dirk De Nil, currently CEO Zurich Benelux and Nordics, to the role of Global Head of Zurich Resilience Solutions, effective October 1, 2023.

18 September 2023
In January-June 2023, the net profit of the Georgian insurance sector amounted to GEL 34.3 million (EUR 11.99 million), which is GEL 24 million more than in the same period last year,
Business Georgia wrote. The head of the Association of Insurers, Devi Khechinashvili, speaking about the 1H results, said that the sector has problems that significantly hinder growth.

18 September 2023
During January-July of this year, the leader of the Azerbaijani insurance market, PASHA Həyat (PASHA Life), collected AZN 327 million (EUR 174.86 million), which is 32% more y-o-y,
ABC.AZ reports.

18 September 2023
From January to July 2023 life insurance companies paid out MKD 494 million (EUR 8 million). The five life insurers paid MKD 62.4 million (EUR 1 million) in July alone, which is 19% higher than the same month last year,
the ISA (Insurance Supervision Agency) said.

18 September 2023
Since September 2023, insurance companies Euroins Ukraine and European Travel Insurance have ceased their participation in the National Association of Insurers of Ukraine (NASU). Both companies left NASU by decision of European shareholders,
Forinsurer reports.

18 September 2023
Following this year's regular revision, S&P Global Ratings reaffirmed the "A" Financial Strength Rating with a stable medium-term outlook of the Triglav Group and thereby of its parent company Zavarovalnica Triglav and the Group member Pozavarovalnica Triglav Re.

18 September 2023
According to information provided on the Russian Union of Motor Insurers (RAMI) website, the first agreement was concluded by the Russian motor insurers’ association within the framework of the newly established Blue Card system, with the Belarusian Bureau of Transport Insurance and became effective on 2 September.

14 September 2023
Strikes and riots and civil commotions (SRCC) have escalated rapidly in recent years. In Monte Carlo, the big European reinsurers have reiterated their concern with regard to the increasing political volatility that is leading to an increasing incidence of SRCC events, with a serious potential of accumulation.

14 September 2023