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XPRIMM News No. 606, 25 August 2022

Insurance Newsletter No. 606, 25 August 2022
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TOP NEWS

by Daniela GHETU, 2022-08-25
In 1H2022, the UNIQA Insurance Group AG (UNIQA) generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds. Premiums written grew by 3.8%, to EUR 3,436.0 million.
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by Andrei Victor, 2022-08-25
Global estimated insured losses from natural catastrophes in first half of 2022 totaled USD 35 billion, 22% above average of past ten years (USD 29 billion), according to Swiss Re Institute's preliminary estimates.
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by Daniela GHETU, 2022-08-25
According to a current survey, Czechs would most often turn to the Czech Association of Insurance Companies (CAP) in the event of disagreements with an insurance company. Either directly or through the Office of the CAP Ombudsman, whose main task is consumer protection.
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by Daniela GHETU, 2022-08-25
Paid claims for fire damages in the Czech Republic throughout the first half of the year amounted to about CZK 1.4 billion (EUR 56.8 million), while damages from storms reached approx. CZK 1.2 billion (EUR 48.7 million), the Czech Association of Insurers (CAP) said.
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by Marina MAGNAVAL, 2022-08-24
In the first six month of the year, the number of complaints for damages resulting from motor liability and property was the most numerous. The biggest growth was observed in complaints related to the period of claim settlement, the ISA (Insurance Supervision Agency) said.
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by Daniela GHETU, 2022-08-25
The 22% increase in the MTPL tariffs adopted by Serbian motor insurers in the first week of August started a heated debate between the market players and the National Bank of Serbia (NBS) - the market supervising authority.
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by Marina MAGNAVAL, 2022-08-24
In August, the Armenian government approved the proposal "On signing of an agreement on the establishment of the Eurasian Reinsurance Company", ArmInfo reports.
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by Marina MAGNAVAL, 2022-08-24
According to the results of the first half of 2022, revenues of 14 insurance companies of Kyrgyzstan increased by 23% y-o-y and amounted to KGS 1.2 billion (~EUR 14.36 million). At the same time, the largest part (85%) was received from insurance premiums, according the National Statistical Committee of the Kyrgyz Republic.
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by Marina MAGNAVAL, 2022-08-24
Insurers - full members of the MTIBU, who have the right to conclude international Green Card insurance contracts, will offer car owners an opportunity to conclude such contracts in electronic form from September 1, according to a press release from the MTIBU.
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by Marina MAGNAVAL, 2022-08-24
In the first half of 2022, the number of Green Card policies concluded in Ukraine more than doubled (+119%), exceeding the corresponding period in 2021, amounting to 720,000 units. This figure has almost reached the level of the first half of the "pre-COVID" 2019, according to a press release from the MTIBU (Motor Transport Insurance Bureau of Ukraine).
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MARKETS & TRENDS

by Daniela GHETU, 2022-08-25
The four largest European reinsurers - Munich Re, Swiss Re, Hannover Re and SCOR - reported a 47% decline in combined net profits for the first 1H 2022, reflecting high natural catastrophe (nat cat) claims and weaker investment returns. While reinsurance policies have renewed at substantially higher prices this year, claims inflation has partly offset the gains, Moody's said in its latest report. (link la download)
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STATISTICS

by Andrei Victor, 2022-08-25
The GWP of Croatian insurers increased by 7.53% y-o-y in the first half of 2022, reaching HRK 6.88 billion (EUR 915 million), according to the data of the Croatian Insurance Bureau - CIB.
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by Andrei Victor, 2022-08-25
Estonian insurers reported H1 GWP worth EUR 269.3 million, 11.5% more compared with January-June 2021, according to the market figures published by the Estonian National Statistics Board.
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by Andrei Victor, 2022-08-25
Kosovo's active 12 insurers reported an aggregate net profit of EUR 2.5 million at the end of June 2022 vs. EUR 1.5 million a year before, according to data provided by the Central Bank (CBK). At the same time, the total insurers' assets increased to EUR 253.6 million, from EUR 230 million a year earlier.
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by Andrei Victor, 2022-08-25
Macedonian insurers posted January-June aggregate GWP worth MKD 6.5 billion (~EUR 105 million), 9.4% more y-o-y, according to the market figures published by the Insurance Supervision Agency of Macedonia.
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by Marina MAGNAVAL, 2022-08-25
The insurance sector of Armenia ended 1H2022 with total GWP worth AMD 33.82 billion (EUR 79.87 million), which is 27.30% more y-o-y. Paid claims decreased by about 3% to AMD 13.18 billion (EUR 31.13 million), according to the data provided by ArmInfo.
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by Marina MAGNAVAL, 2022-08-25
The insurance sector of Belarus ended the first half of the year with growth of 4.43% in local currency. GWP reached BYN 913.44 million (EUR 343.01 million), according to the data published by the Ministry of Finance of the Republic.
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VIG

Omniasig

ERGO


EVENTS

7th Annual International Conference of Slovenia
Grand Hotel Union, Ljubljana, Slovenia
6 September 2022
Organizer: Slovenian AZN
Media Partner: XPRIMM Publications
For details: a-zn.si


1st Annual Conference of EERIA
16-17 September 2022 Ohrid, North Macedonia Organizer: Eastern European Risk Insurance Association (EERIA) Media Partner: XPRIMM Publications For details : eeria.org



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