TOP NEWS
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Marsh: Global commercial insurance pricing up 15% Q3 2021
by Andrei Victor, 2021-10-27
Global commercial insurance prices increased 15% in the third quarter of 2021, according to the Global Insurance Market Index released by the insurance broker Marsh, the same rate of increase recorded in the previous quarter.
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The Croatian Insurance Days 2021 conference close to the start
by Daniela GHETU, 2021-10-28
The traditional annual event that reunites Croatian insurers, as well as their foreign business partners, the Croatian Insurance Days 2021 conference will be held on November 4, 2021 in Zagreb at the Hilton Garden Inn, abandoning for this edition its usual venue, Opatija.
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MMC posted Q3 revenue of USD 4.6 billion
by Andrei Victor, 2021-10-26
Global re/insurance broker MMC posted Q3 2021 aggregate revenue of USD 4.6 billion, an increase of 16% compared with the third quarter of 2020. Q3 operating income was USD 740 million, an increase of 37% from the prior year while net income attributable to the Company was USD 537 million, or USD 1.05 per diluted share, compared with USD 0.62 in the third quarter of 2020.
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SUVs are the most popular cars among car thieves in Germany
by Daniela GHETU, 2021-10-28
In 2020 car thieves stole 10,697 fully insured cars in Germany, causing an economic damage of EUR 214 million. For the first time, insurers had to pay an average of more than EUR 20,000 for a theft, data published by the German Insurers' Association (GDV) shows.
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RUSSIA: S&P improves the long-term ratings of ROSGOSSTRAKH
by Marina MAGNAVAL, 2021-10-22
S&P Global Ratings has improved the financial strength rating and the credit rating of ROSGOSSTRAKH to BB +, with a stable outlook on the ratings. Since October 2020, the oldest insurer in Russia (the company celebrates its 100th anniversary in 2021) has had BB ratings. In April 2021, the agency improved its rating outlook to positive, the insurer said in a press release.
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STATISTICS
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STATISTICS: Croatian insurers posted double-digit increase in Q3 GWP
by Andrei Victor, 2021-10-28
The Q3 2021 gross written premiums of Croatian insurers increased by 12.15% y-o-y to HRK 9.02 billion (EUR 1.20 billion), while gross paid claims by insurers totaled HRK 5.19 billion, up by 9% y-o-y according to the quarterly figures published by the Croatian Insurance Bureau - CIB.
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ON THE MOVE
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Aviva announced directorate change
by Andrei Victor, 2021-10-26
Aviva announced the appointment of Martin STROBEL as Independent Non-Executive Director of the Company with effect from 22 October 2021.
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Leadership changes at Allianz Africa
by Andrei Victor, 2021-10-26
German insurer Allianz announced starting with November 1, 2021, Delphine TRAORE (COO and Board Member of Allianz Africa) will succeed Coenraad VROLIJK as Allianz Africa Regional CEO.
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EVENTS
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CURRENT XPRIMM REPORTS
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