News - Insurance

NORTH MACEDONIA: in August non-life insurers paid over EUR 5 million

All non-life insurance companies paid over 9,800 claims worth MKD 312.5 million (EUR 5.1 million) in August of 2023 alone. The companies paid for damages covered by insurance 22% (MKD 57.3 million) more than in August of 2022, according to the preliminary data submitted to the Insurance Supervision Agency (ISA) by all 11 non-life companies, the ISA said.

POLAND: VIG to merge its Polish companies

Vienna Insurance Group is consolidating its operations on the Polish market, which means that instead of the current six insurance companies, only three will operate. The aim is to make greater use of the Polish market potential as one of the key markets for the group, and to strengthen competitive position, Gazeta Ubezpieczeniowa wrote.

Insurance Conference of Moldova announced for 17 October, in Chisinau

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.

German insurers worried about accidents caused by rental e-scooters

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.

STATISTICS: Kosovo H1 insurers' profits more than doubled to almost EUR 6 million

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.