TOP NEWS
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by Andrei Victor, 2022-08-31
Slovene re/insurance group Triglav announced its H1 2022 total revenue grew by 11% to EUR 861.2 million while the volume of gross written premium increased by 9% y-o-y to EUR 797.2 million.
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by Marina MAGNAVAL, 2022-09-01
In July, Riga Airport served twice as many passengers as a year ago. Insurance companies in Latvia have received three times more claims under travel insurance. Although the intensity of tourism has not yet returned to the pre-Covid level, this summer is very active for both travelers and insurers, said Janis ABASINS, president of the Latvian Insurers' Association.
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by Marina MAGNAVAL, 2022-09-01
For the first time in the history of the local insurance market, private health insurance took the lead in terms of the number of claims paid. Over 40% of all claims paid are for medical expenses reported by insureds who have private health insurance, the ISA (Insurance Supervision Agency) said.
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by Andrei Victor, 2022-08-31
Bulgarian energy and financial group Eurohold reported record half-year results in 2022 due to the strong performance of the company's two main businesses - electricity and insurance, according to the company's consolidated interim financial statement.
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by Daniela GHETU, 2022-09-01
Croatian LAQO, the digital brand of Croatia Osiguranje, is the first insurer in Croatia that has introduced cryptocurrency payments on its webshop. LAQO is also the first insurer in the country that uses telematics technology to promote responsible traffic behavior through the LaqoPrevent, digital platform.
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by Marina MAGNAVAL, 2022-08-31
Lietuvos draudimas ended the first half of 2022 with almost 29% share in the country's market portfolio. During the period, income of the company (together with the Estonian branch) reached EUR 158.8 million, which is 21.2% more y-o-y, draudimas.lt wrote.
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by Andrei Victor, 2022-08-31
Zurich Insurance Group reported the highest first-half business operating profit since 2008 and the second highest ever, with all regions and business lines contributing to the successful results.
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by Daniela GHETU, 2022-09-01
On the recommendation of the governor of the National Bank of Serbia, insurance companies decided to waive the new MTPL policies prices. Starting August 26, prices are returned to the pre-August level, eliminating the 22% increase.
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by Andrei Victor, 2022-08-31
French re/insurance group AXA has reported revenue growth of 2% to EUR 55.14 billion in the first half of 2022, reflecting growth in P&C, health, asset management and a reduction in life & savings.
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by Andrei Victor, 2022-08-31
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported H1 2022 GWP worth EUR 5.73 billion, up by EUR 572 million or by 11% y-o-y.
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by Marina MAGNAVAL, 2022-08-31
According to the results of January-July 2022, paid claims of 13 out of 20 insurance companies in Azerbaijan increased compared to the same period last year, ABC.AZ wrote referring to the report of the Central Bank.
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by Marina MAGNAVAL, 2022-08-31
Shareholders of the VUSO insurance company (one of the top-10 in Ukraine) completed acquisition of UASK ASKA (operating under ASKA brand) in order to create a major player in the insurance market with Ukrainian capital, Forinsurer reports.
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ON THE MOVE
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by Andrei Victor, 2022-08-31
Zurich Insurance Group announced the appointments of Stephen Moss as Group Head of Financial Lines and Cyber, and Andreas Schmitt as Group Cyber Underwriting Manager. Both appointments to the Group Underwriting function will be effective as of September 1, 2022.
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by Andrei Victor, 2022-08-31
MetLife announced that Adora Whitaker will join the company as executive vice president and head of Corporate Development - Mergers & Acquisitions (M&A), effective Oct. 17, 2022.
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by Daniela GHETU, 2022-09-01
Starting 1 October, Marcin Jaworski will be analyst and press spokesman with the Polish Chamber of Insurance (PIU), He will replace Marcin Tarczynski, who leaves PIU to take up another professional challenge in the financial industry.
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MARKETS & TRENDS
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Aon: August 2002 Floods - Lessons learnt after 20 years
by Daniela GHETU, 2022-09-01
20 years on from the devastating floods which had a large impact on Germany's and Austria's economy and became the costliest natural disaster event on record in the Czech Republic, Aon has published an analysis that is looking back on the event and how flood models have evolved to provide better risk management.
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