News - Insurance
NORTH MACEDONIA: Halk Osiguruvanje raises EUR 3 million in a capital increase
North Macedonian non-life insurer Halk Osiguruvanje, owned by Halk Banka, the local arm of Turkish state-owned lender Halk Bankasi, raised EUR 3 million in a capital increase via a new share issue, SeeNews informed.
28 October 2021NORTH MACEDONIA: In 1H insurance companies paid EUR 10.2 million of remuneration to their intermediaries
Insurance companies paid EUR 10.2 million of remuneration to their intermediaries. Through insurance intermediaries (insurance brokerage companies, insurance companies and insurance agents), insureds paid EUR 42 million for non-life insurance in the first six months of 2021, the Insurance Supervision Agency (ISA) said.
28 October 2021STATISTICS: 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.
28 October 2021STATISTICS: Montenegrin insurers posted 4% increase 9 months GWP
Montenegrin insurance market totaled EUR 74.43 million at the end of September 2021, 3.91% more y-o-y, accoring to the quarterly market data released by Insurance Supervision Agency.
28 October 2021Marsh: Global commercial insurance pricing up 15% Q3 2021
Global commercial insurance prices increased 15% in the third quarter of 2021, according to the Global Insurance Market Index released by the insurance broker Marsh, the same rate of increase recorded in the previous quarter.
27 October 2021MMC 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.
26 October 2021LATVIA: insurance indemnities often do not cover renewal of the existing property
The study conducted by the Ministry of Economics on the changes in labor and construction material costs in 2021-2025 indicates that construction costs will increase by a record 6.6% in 2021 compared to 2020, reaching the highest increase in 9 years.
26 October 2021AZERBAIJAN: A-Qroup's GWP grew by 30% y-o-y in three quarters
From January to September 2021, GWP of A-Qroup, one of the top ten market leaders in Azerbaijan, amounted to AZN 10.41 million (~EUR 5.29 million*), which is almost 30% more than in the same period in 2020, Trend reports.
26 October 2021ARMENIA: taxes paid by insurers from January to September increased by more than 31% y-o-y
From January to September 2021, the volume of taxes paid by Armenian insurers amounted to AMD 2.1 billion (~EUR 3.73 million*), which is 31.3% more y-o-y, ArmInfo reports. Of this amount, AMD 1.8 billion fell on direct taxes (+28.6%).
26 October 2021Leadership 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.
26 October 2021Aviva announced directorate change
Aviva announced the appointment of Martin STROBEL as Independent Non-Executive Director of the Company with effect from 22 October 2021.
26 October 2021RUSSIA: 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.
22 October 2021RUSSIA: Net profit of Renaissance insurance group for 9 months exceeded RUB 7 billion
Net profit of the Renaissance insurance group for 9 months of 2021 increased by 3.4 times y-o-y, exceeding RUB 7 billion (~EUR 83 million*), ASN reports referring the insurer's statement (under the OSBU).
22 October 2021STATISTICS: CEE, 1H2021: property insurance main driver of both the increasing GWP and paid claims
GWP by insurers in the 17 CEE insurance markets wrote gross premiums worth EUR 20.75 billion, 8.3% up y-o-y, property and motor insurance lines being the main growth drivers. Paid claims decreased by almost 5% y-o-y at regional level, to EUR 11.34 billion, with property insurance lines being again the trend setter.
21 October 2021XIR 1H2021: CEE insurance markets have exceeded the pre-crisis business volume
GWP in the 17 CEE markets under the scope of the latest XPRIMM Insurance Report reached EUR 20.75 billion at the end of June 2021, 8.30% more y-o-y and exceeding by about EUR 900 the volume in 1H 2019, the year before the Covid crisis. Except for Estonia and Slovakia, insurance business in all CEE markets reached volume superior to 1H2019.
21 October 2021"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!
21 October 2021Armen MKHITARYAN appointed Director of Partnership Sales Development at SberStrakhovanie Life
Armen MKHITARYAN has been appointed Director for Partnership Sales Development at SberStrakhovanie Life. Armen's main tasks are building and developing partner sales and coordinating marketing activities.
21 October 2021UNSAR: 1 out of 2 Romanians is worried about fire risk
Fire remains the danger most often mentioned by Romanians when referring to the risks that can affect their homes (56%), according to a new opinion poll conducted by UNSAR together with IRES.
21 October 2021Zaffino, 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.
21 October 2021SCOR Chairman has been appointed Chairman of the Reinsurance Advisory Board
Denis KESSLER, Chairman of French Reinsurer SCOR has been appointed Chairman of the Reinsurance Advisory Board (RAB) - a specialist representative body for the European reinsurance industry.
20 October 2021
