TOP NEWS
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European insurers react to IPCC report: Adaptation is crucial to ensure climate resilience
by Daniela GHETU, 2022-03-03
"Insurance Europe fully supports the need for a very strong focus on adaptation, as suggested by the IPCC in its latest report, Nicolas Jeanmart, Head Of Personal And General Insurance at Insurance Europe, said following the publication of the Intergovernmental Panel on Climate Change (IPCC) report Climate Change 2022: Impacts, Adaptation and Vulnerability.
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Kosovo insurers profits more than doubled
by Andrei Victor, 2022-03-03
Kosovo insurers reported FY2021 aggregate net profit of EUR 8.7 million, more than double as compared to a year earlier when the same indicator was EUR 4.1 million, Central Bank monthly figures showed.
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NORTH MACEDONIA: non-life insurance market grew by 16% in 2021
by Marina MAGNAVAL, 2022-03-02
In 2021 the number of concluded non-life insurance contracts reached 1.5 million units, which is 30% more than in 2020. Growth was observed in 15 insurance classes, and the most significant was the increased demand for travel insurance, property insurance, private health insurance, according to the Insurance Supervision Agency (ISA).
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Adris grupa: CO achieved double-digit FY 2021 net profit growth
by Andrei Victor, 2022-03-03
Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia osiguranje) reported total revenue of HRK 5.73 billion in 2021 (EUR 762 million), which is 20% more compared to the previous year. Consolidated earnings before interest, tax depreciation and amortisation (EBITDA) amount to HRK 1.02 billion, which is 5% less than the figure achieved in pre-pandemic 2019. Net earnings in 2021 amount to HRK 403 million.
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UNIQA: Preliminary earnings for 2021 exceed expectations
by Andrei Victor, 2022-02-28
Austrian insurance group UNIQA informed its preliminary earnings for 2021 exceeds expectations. Thus, according to the figures, 2021 earnings before taxes increased almost sevenfold to EUR 382.3 million (2020: EUR 57.1 million), well above the increased target of EUR 330 million to EUR 350 million.
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AXA 2021 revenues increased 6% y-o-y to almost EUR 100 bn
by Andrei Victor, 2022-03-03
French insurer AXA has reported a 6% rise y-o-y in FY 2021 revenue to EUR 99.93 billion, supported by growth on all operations.Thus, in P&C, AXA has reported revenue expansion of 3% y-o-y to EUR 49.3 billion. In commercial lines, revenue increased by 5% to EUR 32.7 billion mainly driven by AXA XL (+3%), mostly from continued favorable price effects (+10%), while Personal lines revenues increased by 1% y-o-y to EUR 16.6 billion, with higher revenues in non-Motor LoBs.
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VIG and Uniqa come to the aid of their Ukrainian employees who had to seek refugee abroad
by Daniela GHETU, 2022-03-03
Vienna Insurance Group (VIG) has set up proactively a VIG Family Fund with EUR 5 million as a basis to which its management has invited all VIG Group companies and employees to contribute. The goal of the fund is to support directly affected families of VIG's Ukrainian companies. A VIG Holding committee together with local committees will be set up to distribute targeted support under the personal leadership of Harald Riener, VIG Managing Board member responsible for Ukraine.
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Aon acquired actuarial software platform Tyche
by Andrei Victor, 2022-03-03
Re/insurance broker Aon announced it has acquired actuarial software platform Tyche from technology and software firm RPC Tyche. "The transaction significantly expands Aon's existing capabilities to help re/insurer clients rethink access to capital and make better business decisions".
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TOP EVENT
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STATISTICS
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ON THE MOVE
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Lloyd's announces Des Potter as special advisor
by Andrei Victor, 2022-03-03
Lloyd's of London has announced that Des POTTER, formerly of Guy Carpenter has been appointed as a special advisor to Lloyd's CFO and COO Burkhard KEESE focused on enhancing Lloyd's capital framework and the instruments available to investors to support underwriting at Lloyd's.
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EVENTS
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Motor Insurance Conference
14 March 2022
Online event
Organizer: XPRIMM
Property Insurance Conference
21 March 2022
Online event
Organizer: XPRIMM
1st Congress of Actuaires du Monde
Skopje Marriott Hotel, Macedonia
31 March - 1 April, 2022
Organizers:
Actuaires du Monde
Media Sponsor: XPRIMM
More details:
here
DIA - Next Level Insurance Innovation in the Age of Data
Location: Online
Starting date: 26 April 2022
Organizers: DIA & the University of St.Gallen's Institute of Insurance Economics
Media Partner: XPRIMM Publications
For details:
digitalinsuranceagenda.com
9th AIDA Europe Conference
Zurich, Switzerland
18-20 May 2022
Organizer: AIDA Europe
Media Partner: XPRIMM Publications
For details: aidainsurance.org
FIAR - THE INTERNATIONAL INSURANCE-REINSURANCE FORUM
23rd Edition
22 - 24 May 2022
Sheraton Hotel
Bucharest, Romania
MAA Webinars: Estimating claim liabilities in the North Macedonian market Organizers:
Macedonian Actuarial Association
Association Actuaires du Monde
Sessions:
24 March 2022, 14:00 CET until 17:30 CET
21 April 2022, 14:00 CET until 17:30 CET
11 May 2022, 14:00 CET until 17:30 CET
2 June 2022, 14:00 CET until 17:30 CET
22 June 2022, 14:00 CET until 17:30 CET
More details
here
DIA Amsterdam 2022
Taets Art & Event Park.
29-30 June, 2022
Organizers: Reggy de Feniks and Roger Peverelli
Media Partner: XPRIMM Publications
For details:
https://www.digitalinsuranceagenda.com
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