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TOP NEWS
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BiH: UNIQA shows continuous growth in 2021
by Andrei Victor, 2021-08-30
In H1 2021, UNIQA BiH achieved a growth of 19.7% and a total premium of BAM 35.7 million (~EUR 18.7 million), which positions the company on top of the insurance market, according to the total realized premium, as the Austrian insurance group UNIQA announced in a statement.
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Groupama Biztosito enters the Croatian market
by Andrei Victor, 2021-09-01
French insurer Groupama announced its Hungarian subsidiary - GROUPAMA Biztosito finalized the acquisition of 100% of the shares of the Croatian insurance company OTP Osiguranje from OTP Banka d.d., Croatian subsidiary of OTP Bank.
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Hungary: July's storm bill could reach EUR 29 million
by Daniela GHETU, 2021-09-02
Following the storm in July, Hungarian insurers have already paid out reserved, by mid-August, nearly HUF 10 billion (~ EUR 29 million) for claims. Only claims paid for home insurance exceed the total amount of claims for the storm season between May and August of 2020, the Association of Hungarian Insurers (MABISZ) has said.
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Achmea: H1 Operational result increases to EUR363 million
by Andrei Victor, 2021-08-30
Dutch financial group Achmea announced its H1 2021 operational result increased to EUR 363 million compared to EUR 127 million in the first half year of 2020. "A good start, but uncertainties remain in the second half of the year", said Bianca TETTEROO, Chair of the Executive Board.
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Munich Re issues another green bond, to support its climate strategy
by Daniela GHETU, 2021-09-02
After successfully issuing a green bond in 2020, Munich Re has launched a green subordinated bond for the second time in its corporate history, the German Group announced today. The volume of the issue is EUR 1billion. The bond has a coupon of 1.00 % and will mature in 2042.
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RUSSIA: GWP of the ROSGOSSTRAKH group increased by more than 20% y-o-y in 1H
by Marina MAGNAVAL, 2021-08-31
GWP of the ROSGOSSTRAKH group, included in the TOP-10 insurers, in 1H2021 reached RUB 60.5 billion (~EUR 0.7 billion*), which is 20.5% more y-o-y in local currency, and the profit amounted to RUB 1.5 billion, ASN reports with reference on the data of the group's interim consolidated financial statements (non-life insurance company ROSGOSSTRAKH and life insurer ROSGOSSTRAKH Life).
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UKRAINE: in 2Q MTPL GWP grew by almost 15%, and paid claims - by 46% y-o-y
by Marina MAGNAVAL, 2021-09-01
In 2Q2021, the number of MTPL contracts concluded reached 2.4 million units, which is 8.5% more y-o-y. GWP on them amounted to UAH 1.9 billion/EUR 58.74 million* (+14.9% in UAH). Paid claims amounted to UAH 862 million - the number of settled claims increased by 40%, and the volume of paid claims - by 46%, according to a press release from MTIBU.
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UKRAINE: in 2Q MTPL GWP grew by almost 15%, and paid claims - by 46% y-o-y
by Marina MAGNAVAL, 2021-09-01
In 2Q2021, the number of MTPL contracts concluded reached 2.4 million units, which is 8.5% more y-o-y. GWP on them amounted to UAH 1.9 billion/EUR 58.74 million* (+14.9% in UAH). Paid claims amounted to UAH 862 million - the number of settled claims increased by 40%, and the volume of paid claims - by 46%, according to a press release from MTIBU.
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UZBEKISTAN: senators approved the law "On insurance activities"
by Marina MAGNAVAL, 2021-08-31
At the meeting of the Oliy Majlis (Supreme Assembly of Uzbekistan), the senators approved the law "On insurance activities", which provides for "revitalization" of the insurers' activities, as well as development and expansion of the infrastructure of the insurance market, UzReport.news informed.
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STATISTICS
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STATISTICS: Kosovo insurers posted H1 2021 net profit of EUR 1.5 million
by Andrei Victor, 2021-08-30
Kosovo active 13 insurers reported aggregate net profit of EUR 1.5 million at the end of June 2021, as compared with a market net profit of EUR 4.9 million at end of H1 2020, according to data provided by the Central Bank (CBK). At the same time, the total assets held by Kosovo insurance companies increased to EUR 230 million, from EUR 208.6 million a year earlier.
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ON THE MOVE
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WTW selects Andrew Krasner as new CFO
by Andrei Victor, 2021-09-01
Global broker Willis Towers Watson announced that it has selected Andrew KRASNER as the company's new Chief Financial Officer (CFO) succeeding Michael BURWELL. Andrew KRASNER returns to Willis Towers Watson after driving financial strategy and performance as the CFO of AssuredPartners, Inc.
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Czech Rep.: Lenka KEJIKOVA received the "green light" from CNB as CEO of Generali Pension Company
by Andrei Victor, 2021-09-01
Italian group GENERALI announced that the Czech National Bank (CNB) approved the appointment of Lenka KEJIKOVA as new CEO of Generali pension company (GPS) in the Czech Republic and a member of its Board of Directors. She was nominated last 1st of July taking over the role from Radek MOC, who is now focusing on his function as Head of Strategy in the Austria, CEE & Russia Region.
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EVENTS
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CURRENT XPRIMM REPORTS
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