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TOP NEWS
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Estonia: MTPL market closed 2021 on profit, after ten consecutive years of losses
by Andrei Victor, 2022-02-14
According to LKF (the Estonian Traffic Insurance Fund), during 2021 the number of traffic accidents increased by a fifth, while the average traffic damage was EUR 1,960. Thus, last year occurred 35,900, of which 33,200 of them in Estonia and 2,700 cases were caused by Estonian vehicles abroad.  More ??????????? |
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NORTH MACEDONIA: MIA: only 5% of registered agricultural businesses use insurance
by Marina MAGNAVAL, 2022-02-14
According to the information of MIA (Media Information Agency), trust in insurance is the lowest among farmers, which means that interest in buying insurance policies among agricultural producers in the country is at a very low level - out of over 90,000 registered agricultural holdings, less than 5% insure their production, osigurajse.net wrote. More |
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AXA has completed the sale of its business in Singapore to HSBC
by Andrei Victor, 2022-02-16
French insurer AXA announced that it has completed the sale of its insurance operations in Singapore - AXA Insurance Pte Ltd to HSBC Insurance (Asia-Pacific) Holdings Ltd - a wholly owned subsidiary of the Hongkong and Shanghai Banking Corporation Limited, for a total cash consideration of USD 529 million (or EUR 463 million). The deal that was first announced in August 2021. More |
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The Hartford to expand its multinational coverage with Swiss Re Corporate Solutions
by Andrei Victor, 2022-02-16
Swiss Re Corporate Solutions (the commercial insurance arm of the Swiss Re Group) and The Hartford (a United States-based investment and insurance company) entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to insurance coverage around the world. More |
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ARMENIA: MTPL tariffs increase for the first time in 10 years
by Marina MAGNAVAL, 2022-02-16
On February 7, 2022, the cost of MTPL policies in Armenia increased, as the decision of the Board of Directors of the Bureau of Motor Insurers of Armenia dated December 23, 2021, aimed at increasing MTPL GWP due to a strong increase in paid claims and unprofitability in the segment last year, came into force, ArmInfo reports. More ??????????? |
KAZAKHSTAN: insurance sector's assets up 23% in 2021
by Marina MAGNAVAL, 2022-02-15
In 2021, the assets of insurance (reinsurance) companies in Kazakhstan increased by 23% and as of January 1, 2022, amounted to KZT 1.8 trillion (~EUR 3.69 billion*), Allinsurance.kz reports referring the data from the Agency of the Republic of Kazakhstan for the regulation and development of the financial market (ARRFR). More ??????????? |
RUSSIA: INGOSSTRAKH's business increased by 20.5% in 2021
by Marina MAGNAVAL, 2022-02-16
Total GWP of INGOSSTRAKH, one of the TOP-5 market leaders, for 2021 amounted to RUB 139.8 billion (+20.5%)/EUR 1.66 billion*. At the same time, RUB 129.8 billion (+22%) came from direct insurance and RUB 10 billion (+6%) - from inward reinsurance, the company said in its statement. More ??????????? |
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TOP EVENT
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IIF2022: One week to the Insurance in the DIGITAL World Conference! Register now!
by Daniela GHETU, 2022-02-17
Professionals from insurance industry will gather on 24 February in a virtual format at the 2022 edition of the Insurance in the DIGITAL World Conference in order to discuss about digitalization's current and future contribution to the insurance industry's development, as well as about the industry's capacity to help businesses cope with cyber risks.Insurance in the DIGITAL World Conference will follow the latest trends in the industry and will touch the following topics: More |
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STATISTICS |
STATISTICS: Lithuanian insurance market exceeded EUR 1bn at the end of 2021
by Andrei Victor, 2022-02-17
According to the year-end insurance market figures published by Lithuanian Central Bank, last year the local insurance market grew by 8.9% to EUR 1.04 billion. At the same time, total paid claims exceeded EUR 547 million, up by 9.3% y-o-y. "Last year, one of the engines of growth of the insurance market was the country's growing economy", as the representatives of Lithuanian Central Bank mentioned in a statement. More |
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ON THE MOVE
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SNABE resigns from the Supervisory Board of Allianz SE
by Andrei Victor, 2022-02-16
German insurer Allianz announced that Jim Hagemann SNABE has informed the Supervisory Board and the Board of Management of Allianz SE that he will not stand for re-election to the Supervisory Board at the Annual General Meeting on May 4, 2022. At the same time, "he will resign from the Supervisory Board of Allianz SE upon expiry of his mandate on the same day". |
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EVENTS |
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CURRENT XPRIMM REPORTS
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