News - Insurance
RUSSIA: SberLife Insurance made over 100,000 payments for credit insurance in 2021
In January-December 2021, SberLife Insurance made 100.2 thousand payments for insured events under voluntary life insurance contracts of borrowers of consumer and mortgage loans, and total amount of paid claims reached RUB 11.687 billion (~EUR 0.14 billion*). The number of claims increased by 29.4%, and amount - by 42.3% y-o-y, according to the insurer's press release.
21 January 2022Allianz Risk Barometer: Cyber, BI and natural disasters are the Top 3 business risks globally in 2022
Cyber perils are the biggest concern for companies globally in 2022, according to the Allianz Risk Barometer. The threat of ransomware attacks, data breaches or major IT outages worries companies even more than business and supply chain disruption, natural disasters or the Covid-19 pandemic, all of which have heavily affected firms in the past year.
20 January 2022STATISTICS: Polish insurers posted Q3 aggregate profits of over EUR 1 bn
Polish insurance market totaled PLN 50.9 billion (EUR 10.9 billion) at the end of September 2021, up by almost 7% y-o-y, according to the quarterly market figures published by The Polish Financial Supervision Authority (KNF). Claims and benefits paid by local insurers increased by 2.9% y-o-y to PLN 30.2 billion or ~EUR 6.5 billion.
19 January 2022STATISTICS: Slovenian market exceeds EUR 2 bn at end-September 2021
The Slovenian insurance market totaled EUR 2.03 billion in the first nine months of 2021, a 3.29% increase y-o-y, according to the Slovenian Insurance Association's Q3 report. In terms of paid claims, the aggregate value was ~EUR 1.18 billion, of which about EUR 387 million - life indemnities and EUR 803 million - payments related to non-life insurance sub-classes.
19 January 2022CROATIA Osiguranje elected two SB members
Croatian largest insurer CROATIA Osiguranje announced on the website of Zagreb Stock Exchange (Zagrebacka burza d.d.) that the General Assembly of the company adopted 18 January 2022 the decision on the election of Roberto Skopac and Hrvoje Patajac as members of the Supervisory Board of CROATIA osiguranje for a term of 4 years starting from the 24 April 2022.
19 January 2022Generali announced the resignation of the director Romolo BARDIN
Assicurazioni Generali informs that the director Romolo BARDIN, independent director and member of the Appointments and Remuneration; Investments; Strategic Operations; and Related Party Transactions Committees, has announced his resignation from the Board.
19 January 2022Insurance Europe: Solvency II review must correct current model's deficiencies and not increase costs
While European Commission's proposals for a Directive amending Solvency II include a range of helpful and necessary changes, they also include elements which would undermine the improvements and/or add avoidable costs, Insurance Europe said.
19 January 2022Lloyd's forms new leadership structure to deliver Blueprint Two
Lloyd's announced a new operational structure for the delivery of its transformational Blueprint Two programme following the departure of Lloyd's Chief Operations Officer (COO) Jennifer RIGBY.
19 January 2022SCOR names Yves Cormier as Head of Investor Relations
French reinsurer SCOR announced the appointment of Yves Cormier as Head of Investor Relations, with immediate effect. Reporting to Ian KELLY, Group Chief Financial Officer, Yves will be based in London.
19 January 2022STATISTICS: Bulgarian insurers posted double-digit increase in January-September business
Bulgarian insurance market totaled BGN 2.44 billion (EUR 1.24 billion) at the end of September 2021, up by 12.7% y-o-y, according to the official quarterly figures from the Financial Supervision Commission - FSC.
17 January 2022RUSSIA: VSK: the largest share of claims in 2021 came from voluntary health insurance
According to the preliminary results of 2021, paid claims of VSK (one of the top-10 insurers) for all types of insurance reached almost RUB 37 billion (~EUR 0.44 billion*), and the number of settled claims was about 600 thousand, ASN wrote.
17 January 2022RUSSIA: Vladimir CHISTYUKHIN appointed First Deputy Chairman of the Bank of Russia
First Deputy Chairman of the Bank of Russia Sergey SHVETSOV decided to leave his post on March 21, 2022, ASN reports with reference to the press service of the regulator.
17 January 2022RUSSIA: Expert RA forecasts the insurance market growth in 2022 by 7-9%
The rating agency Expert RA has published a preliminary forecast for the insurance market development in 2022, according to which the market will grow by 7-9% y-o-y, and total GWP approach RUB 2 trillion (~EUR 23 billion*), ASN reports with reference to the rating agency.
17 January 2022POLAND: Europ Assistance Polska sums up the last year
During the 25th year of Europ Assistance's operations in Poland, the company's service volumes returned to pre-pandemic levels, and in some areas, the operator of assistance services handled even more cases than in the period before Covid-19.
17 January 2022LITHUANIA: The fire caused twice as much damage last year
BTA insurance companies estimated that losses caused by fire last year are twice as high as in 2020. In total, over EUR 1 million was paid in 2021.
17 January 2022LITHUANIA: Lietuvos Draudimas: Due to the raging storm, losses have already reached EUR 120 thousand
According to the data of Lietuvos Draudimas, EUR 120 thousand have already been reserved to compensate losses of very strong wind gusts and thunderstorms recorded in Lithuania on Friday. The company's experts say that the numbers will definitely grow - it is expected to reach EUR 300 thousand, delfi.lt reports.
17 January 2022BULGARIA: in 10M2021 the life insurers' business up 34% y-o-y, while the non-life went up 8.1%
In 10M2021 the combined net profit of life insurance companies in Bulgaria increased to BGN 52.5 million (EUR 26.8 million) from BGN 21.9 million in the like period of 2020, SeeNews reports with reference to the country's financial regulator.
17 January 2022Generali announced the resignation of Deputy Vice-Chairman Francesco Gaetano CALTAGIRONE
Assicurazioni Generali informed that the director Francesco Gaetano CALTAGIRONE, Deputy Vice-Chairman, non-independent director and member of the Appointments and Remuneration; Corporate Governance, Social and Environmental Sustainability; Investments; and Strategic Operations Committees, has announced his resignation from the Board on Friday, January 13th.
17 January 2022Bulgaria: Insurers' Q3 net profits expanded by 37% y-o-y to EUR 124 m
Bulgarian insurance market posted aggregate 9 months 2021 net profit of BGN 242.2 million (EUR 123.8 million), 37% more as compared with the snapshot on 30 September 2020 (BGN 176.8 million/EUR 90.4 million), according to the market statistics published on FSC website.
17 January 2022Aviva appoints Shonaid JEMMETT-PAGE as Non-Executive Director
Aviva announced the appointment of Shonaid Jemmett-Page as an Independent Non-Executive Director of the Company with effect from 16 December 2021.
13 January 2022
