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TOP NEWS
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IAIS should put more emphasis on the assessment of sector-wide vulnerabilities
by Alexandra GUZUN, 2021-05-13
GFIA appreciates the opportunity to comment on the application paper on macroprudential supervision issued by the International Association of Insurance Supervisors (IAIS). The insurance industry welcomes the reference to and the application of the overarching concept of proportionality in macroprudential supervision.
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Creation of the Data Science & Artificial Intelligence Institute launched
by Daniela GHETU, 2021-05-13
Generali signed a Memorandum of Understanding together with other five reputed academic and research entities to create the Data Science & Artificial Intelligence Institute. The goal is to create a centre of innovation to generate research and new business opportunities based on data science and artificial intelligence.
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ALLIANZ, 1Q2021: operating profit up 44.8%, to EUR 3.3 billion
by Daniela GHETU, 2021-05-13
Total revenues of ALLIANZ Group declined by 2.6% to EUR 41.4 billion and were flat y-o-y, adjusted for currency and consolidation effects, while the operating profit increased by 44.8% to EUR 3.3 billion, with all business segments contributing. 2021 operating profit target confirmed at EUR 12.0 billion, +/- EUR 1 billion.
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Talanx expects YE2021 net income at upper end of the EUR 800-900 million range
by Andrei Victor, 2021-05-11
Insurer TALANX announced it starts the current year with strong results: GWP was up by 9.4% to EUR 13.6 billion, combined ratio for P&C primary insurance and reinsurance improves to 96.1% vs. (99.8%) percent, operating profit increased by 11.8% to EUR 625 million, while the net income climbed by 24.5% to EUR 277 million.
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CROATIA osiguranje end-March net profit increased to EUR 15.5 million
by Andrei Victor, 2021-05-10
CROATIA osiguranje d.d., one of the largest insurance company in Adriatic region, reported unaudited Q1 2021 gross profit of HRK 140.6 million (EUR 18.57 million) vs HRK 120.4 million a year before while its net profit increased from HRK 98.3 million in March 2020 to HRK 117.3 million (EUR 15.5 million) representing an increase of 19.4 % y-o-y.
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Estonian LHV increases its offering on the local non-life insurance market
by Daniela GHETU, 2021-05-13
Estonian LHV Kindlustus, has just started the active offering of motor insurance, bringing a domestic alternative to the non-life insurance market occupied by foreign companies, MarketScreener reports. The company is already providing home insurance, as well as equipment and additional guarantee insurance.
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Lithuanian insurers posted EUR 50 million in profit last year
by Andrei Victor, 2021-05-11
"The insurance sector successfully withstood the challenges caused by the pandemic and operated profitably last year", as the Lithuanian Central Bank reported in a statement published on its website. Thus, the net profit earned by Lithuanian insurers amounted to EUR 50 million, whereas that of insurance brokers totaled almost EUR 7 million.
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ON THE MOVE
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AGCS appointed new Global Head of Property
by Andrei Victor, 2021-05-11
Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Maria Grace was appointed as Global Head of Property succeeding Thierry Portevin who leads AGCS's global risk consulting team since March.
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TOP EVENTS
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MARKET & TRENDS
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STATISTICS
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STATISTICS: KYRGYZSTAN, 1Q2021: paid claims amounted to 13% of total GWP
by Marina MAGNAVAL, 2021-05-13
The insurance market in Kyrgyzstan in the first three months of 2021 reached KGS 325.17 million (EUR 3.27 million), while insurers paid only KGS 42.27 million for insured events, thus the paid claims ratio amounted to 13%, as the data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic shows.
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STATISTICS: Over EUR 1 billion in Q1 GWP for Greek insurers
by Andrei Victor, 2021-05-13
HAIC - the Hellenic Association of Insurance Companies has published the Q1 20201 preliminary figures of the local insurance market. According to the data of the member insurance companies, the value of aggregate GWP - life and non-life insurance, added-up, was up by 8.1% y-o-y to EUR 1.07 billion.
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EVENTS
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CURRENT XPRIMM REPORTS
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