TOP NEWS
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Talanx: COVID-19 impact on in FY2020 claims expenses totaled EUR 1.5 billion
by Andrei Victor, 2021-03-23
German insurer Talanx ended 2020 with net income of EUR 673 million vs. EUR 923 million a year before, but "in line with the forecast of "clearly above EUR 600 million" provided in November. Without coronavirus claims expenses, Talanx would have exceeded last year's record net income figure", as the insurer mentioned in a statement.
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Latvian insurers' FY2020 profits expanded by 59% y-o-y
by Andrei Victor, 2021-03-23
Latvian insurers' aggregate net profits expanded by 58.7% during last year (or by almost EUR 20 million in absolute value) to EUR 53.38 million, according to data presented by the Finance and Capital Market Commission (FKTK).
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Romania 2020: 5.4% GWP growth y-o-y and improving combined ratio
by Daniela GHETU, 2021-03-25
GWP by Romanian insurers, including branches of foreign companies operating on FOE, reached RON 12.5 billion (EUR 2.56 billion), up by 5.4% y-o-y (local currency). Insurers domiciled in Romania have provided for about 92% of this total, recording a 4.6% y-o-y growth rate, the market authority said.
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KAZAKHSTAN: a set of amendments to be made to the insurance legislation
by Marina MAGNAVAL, 2021-03-22
By the end of April 2021, the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan will introduce a set of amendments to the Mazhilis (State authority, a part of the Parliament) on regulation and development of the insurance market, writes Allinsurance.kz with reference to Kursiv.kz.
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TOP EVENT
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EVENT: AIDA Europe Webinar series will take place starting 24 March 2021
by Irina GHETU, 2021-03-23
On 24 March 2021 AIDA Europe is holding the first in a series of webinars, called " The resilience of the Insurance Distribution Directive to new technologies", addressing topical issues of concern to insurers and lawyers across all sectors. XPRIMM Publications supports the event series as Media Partner!
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STATISTICS
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STATISTICS: Latvia: Insurers' FY 2020 business decreased by EUR 60 million
by Andrei Victor, 2021-03-25
During last year, Latvian insurers' aggregate GWP (local and EU branches, summed-up) totaled EUR 797.5 million, almost EUR 60 million less than in 2019, while the amount paid in claims and indemnities decreased by 8.8% y-o-y to EUR 501 million, according to the year-end figures published by The Financial and Capital Market Commission of Latvia (FKTK).
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ON THE MOVE
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EVENTS
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CURRENT XPRIMM REPORTS
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