Insurance Newsletter
- frequency: weekly, every ThursdayIn 2022, MTPL loss ratio in Armenia decreased from 79% to 66%, falling below 74% in 2019, driven by a 16.1% annual increase in the number of contracts concluded and a 15.6% increase in GWP to USD 67.3 million , while reducing paid claims by 4.6% to USD 39.8 million, ArmInfo reports citing the Bureau of Motor Insurers of Armenia.
The phased introduction of Universal Health Insurance in Armenia will begin in 2024. The Ministry of Health of the Republic of Armenia has developed and presented a draft Concept on the implementation of UHI, ArmInfo writes.
Full launch of health insurance in Armenia will be completed by 2027, ArmInfo wrote referring to the statement of the Minister of Health Anahit Avanesyan.
For 10 months of 2022, the MTPL loss ratio in Armenia decreased to 64% from 78% in the same period last year, being even lower than the pre-Covid 72% in January-October 2019, ArmInfo reports.
Over the first 9 months of this year, Armenian insurers made a profit mainly from MTPL and health insurance - AMD 8.1-7.6 billion, followed by property insurance, Motor Hull, accidents insurance - AMD 3.6-1.3 billion, according to the data from insurers' reports provided by ArmInfo.
As another edition of Baden Baden Reinsurance Meeting closes its gates, the re/insurance world had its eyes on the German town, where the current trends and future expectations of the industry are being the focal points of the discussions.
On Sunday, 23 October, over 230 insurers and reinsurers from all over the world met at the 8th edition of the Baden-Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings.
SWISS RE, JLT Re, TRUST Re, and CERTASIG were the winners of the 2016 XPRIMM Award for outstanding contribution to the development and evolution of the insurance and reinsurance market. The awards were given during the XPRIMM Insurance Awards Ceremony organized within the Baden-Baden XPRIMM Reception 2016.
An exquisite atmosphere, experience changes between re/insurance specialists and valuable business networking opportunities were key elements of the 5th edition of the AZERI Evening in Baden-Baden, the event which took place on Sunday, 23 October, at the Casino Restaurant Sommergarten.
Seven new titles of the well-known XPRIMM Publications are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in the main business meeting points. The specialized magazines present the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.
4-5 May 2023
Tbilisi, Georgia
14-16 May 2023
Bucharest, Romania
5 April 2023
Bristol Hotel, Vienna, Austria
4 April 2023
Bristol Hotel, Vienna, Austria
