FIAR 2022 ended: read the main statements made in the four conferences hosted by the Forum

Insurance Newsletter No. 596, 26 May 2022

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES

TOP NEWS

Bosnia and Herzegovina: charter capital of insurance companies has increased
by Marina MAGNAVAL, 2022-05-24
The Insurance Supervision Agency of the Federation of BiH approved the increase of charter capital to all insurance companies operating in the territory of the Federation of Bosnia and Herzegovina, the agency informed.

BULGARIA: Yuri KOPACH, Deputy Chairman of the Board of ABZ, wins the prize "For overall contribution to the development of Bulgarian insurance"
by Marina MAGNAVAL, 2022-05-24
Yuri KOPACH, Deputy Chairman of the Management Board of ABZ (Association of Bulgarian Insurers) and Member of the Management Board and Executive Director of Generali Zastrahovane was awarded the national prize "For overall contribution to the development of Bulgarian insurance" of the Foundation "Prof. Dr. Veleslav GAVRIYSKI", ABZ said.

NORTH MACEDONIA: In the first three months the ISA reviewed three times more complaints than a year ago
by Marina MAGNAVAL, 2022-05-24
In the first three months, the ISA (Insurance Supervision Agency) reviewed 52 complaints received from insured persons for the work of insurance companies, which is 3 times more y-o-y. The majority are the complaints related to vehicle liability compensation, which increased almost 4 times, the agency reports.

Triglav Group Q1 gross profit expanded by 20% to EUR 38.1 m
by Andrei Victor, 2022-05-24
Slovenian insurance group Triglav reported Q 2022 aggregate revenue worth EUR 442.9 million, up by 12% y-o-y, while the volume of gross written premium increased by 10% to EUR 407.1 million year-on-year. At the same time, consolidated profit before tax totaled EUR 38.1 million, 20% more than in the same period last year.

Sava posted Q1 net profit worth EUR 16.8 m, 27.9% of 2022 annual target
by Andrei Victor, 2022-05-24
Slovene re/insurance group Sava reported Q1 2022 operating revenue worth EUR 177.8 million (vs. EUR 177.8 million) and a net profit of EUR 16.8 million vs. EUR 23.5 million in Q1 2021.

Aegon Q1 net result increases by 7% to EUR 412 million
by Andrei Victor, 2022-05-24
Dutch insurer Aegon announced its Q1 2022 net result increases by 7% compared with the first quarter of 2021 to EUR 412 million, reflecting a EUR 372 million book gain from the sale of Aegon's businesses in Hungary and a non-economic loss on interest rate hedges.

UNIQA Q1 2022 net profit expanded to EUR 106.4 m
by Andrei Victor, 2022-05-24
Austrian UNIQA Insurance Group reported Q1 2022 premium growth of 4.3%, a consolidated net profit of EUR 106.4 million and investment income of EUR 169.6 million.

Generali GWP increased by 6.1% in Q1 2022
by Andrei Victor, 2022-05-24
Italian insurer Generali announced Q1 2022 excellent profitability with growth in premiums and operating result.

Generali, Moody's upgrades the IFS rating to A3 from BAA1
by Andrei Victor, 2022-05-24
Moody's announced that it has upgraded Generali's Insurer Financial Strength (IFS) rating to A3 from Baa1.

STATISTICS

STATISTICS: Turkey, Q1 2022: Insurers' business expanded by 70% in Turkish Lira and by only 2% in Euro due to the local currency's depreciation
by Andrei Victor, 2022-05-25
Total premium generated in the Turkish insurance market increased in local currency by 70.41% during January-March 2022 to TRY 43.10 billion, according to the preliminary figures released by the Insurance Association of Turkey (TSB).

STATISTICS: Greek insurers' Q1 GWP decreased by 1.3% y-o-y
by Andrei Victor, 2022-05-24
According to the Q1 2022 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.06 billion, 1.3% less y-o-y.

STATISTICS: Kosovo insurers posted Q1 profit of EUR 0.4 m, after a net loss of over half million euro a year before
by Andrei Victor, 2022-05-25
The insurance market of Kosovo totaled EUR 29.8 million at the end of Q1 2022, 16.1% more y-o-y, according to data provided by the Central Bank (CBK).

STATISTICS: Double-digit increase for Montenegrin insurance market in Q1 2022
by Andrei Victor, 2022-05-24
The gross written premiums of Montenegrin insurers increased by 12.80% y-o-y in the first quarter of 2022, reaching EUR 26.89 million, as preliminary official figures showed.

STAND BY UKRAINE

Zurich to sell Russian business to local team and exit market
by Andrei Victor, 2022-05-24
Zurich Insurance Group announced it has agreed to sell its business in Russia to 11 members of the unit's team. The sale is subject to approval of the relevant regulatory authorities.

ON THE MOVE

MMC re-elects BoD during 2022 stockholders' meeting
by Andrei Victor, 2022-05-24
Global re/insurance broker Marsh McLennan (MMC) announced that during its annual meeting, stockholders elected the entire slate of 2022 director nominees for a one-year term expiring at next year's annual meeting.

TOP EVENT

One week to the 12th International Conference of Insurance Europe - Prague, 2 June
by Daniela GHETU, 2022-05-26
There is only one week left to the 12th edition of Insurance Europe's International Conference organized under the titles of "CLOSING THE GAP: Protection for all". The event will take place in Prague, at the Zofin Palace, on 2 June. XPRIMM is supporting the conference as Media Partner.

FIAR 2022: The Insurance Market Trends Conference
by Adina TUDOR, 2022-05-23
The "Insurance Market Trends" conference, taking place on Monday, 23 May during FIAR 2022, focused on the main trends, challenges and opportunities on the national, regional and international insurance markets.

FIAR 2022: The Motor Insurance Conference
by Adina TUDOR, 2022-05-23
The Motor Insurance Conference, organized during FIAR 2022 - The International Insurance-Reinsurance Forum focused on challenges, opportunities and the current context of the motor insurance segment at international and national levels.

FIAR 2022 - The Insurance Brokerage Conference
by Adina TUDOR, 2022-05-24
The current landscape of insurance distribution in Romania and the CEE, the challenges and perspectives of the market, as well as the best solutions for answering the customers' needs are just a few of the topics analyzed during the Insurance Brokerage Conference, taking place at FIAR 2022 - The International Insurance-Reinsurance Forum.

FIAR 2022: The Health Insurance Conference
by Adina TUDOR, 2022-05-24
What can Romania learn from the European health models? What is the current situation of the health insurance market in Romania and which are the opportunities and challenges on this segment?

EVENTS

12th International Conference Insurance Europe
Prague, Czech Republic
2 June 2022,
Media Partner: XPRIMM Publications
For details: insuranceeurope.eu

MAA Webinars: Estimating claim liabilities in the North Macedonian market Organizers:
Macedonian Actuarial Association
Association Actuaires du Monde
Sessions:
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

WorldPensionSummit 2022
Location: Louwman Museum, The Hague, The Netherlands & Virtual 2-4 November 2022 Media Partner: XPRIMM Publications For details: www.pionline.com/wps2022

CURRENT XPRIMM REPORTS

XPRIMM News No. 596, 26 May 2022

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