TOP NEWS
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by Daniela GHETU, 2022-09-08
A torrential rain caused rivers and streams to overflow flooding several villages in Bulgarian Plovdiv Province on 02 September 2022, leaving over 500 people in need of safe housing by damaging several hundred houses, as well as infrastructure.
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by Marina MAGNAVAL, 2022-09-08
In the second quarter of 2022 motor and travel insurance have recovered, while life insurance (single premium) and corporate property insurance have grown. The insurance sector's premium income has increased by 20%, portfolio.hu wrote.
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by Marina MAGNAVAL, 2022-09-08
The largest growth in sales in the first half of the year was in travel insurance, with 155,000 people insured, up nearly 87,000 more insureds or twice as much as the same period in 2021. There is a slight decrease in sales of property insurance, while demand for private health insurance continues to grow, albeit at a lower intensity, the ISA (Insurance Supervision Agency) said.
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by Daniela GHETU, 2022-09-06
Polish insureds received nearly PLN 22.5 billion (~EUR 4.8 billion) in insurance claims and benefits in 1H2022, according to the data of the Polish Chamber of Insurance (PIU), which is 12.9% more y-o-y. Most payments related to property damage, mainly concerning fire and other elements.
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by Daniela GHETU, 2022-09-06
The rating agency S&P Global Ratings (Agency) affirmed the "A" (strong) insurer financial strength rating of Sava Re d.d. and Zavarovalnica Sava d.d., maintaining the stable outlook, the Slovenian company announced.
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by Daniela GHETU, 2022-09-08
"With reinsurance pricing continuing to move up, alternative capital capacity is poised to break out above the USD 100 billion level and resume its growth trend as higher pricing is likely to attract additional capital inflows from institutional investors," a recent analysis by Moody's concluded.
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by Andrei Victor, 2022-09-07
Italian insurer Generali informed it has completed the acquisition of the majority stakes in the AXA-Affin joint ventures in Malaysia, therefore becoming a top-tier General Insurer player in the country, in line with its strategy to strengthen its leadership position in high potential markets.
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by Marina MAGNAVAL, 2022-09-07
In Moldova, the cost of MTPL policies has increased. The decision was taken by the National Commission for Financial Markets (CNPF) on August 9 and entered into force on September 2, from the moment of publication in Monitorul Oficial.
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by Marina MAGNAVAL, 2022-09-07
GWP under Green Card policies in Ukraine in January-July 2022 increased by 2.15 times compared to the same period in 2021 to UAH 2 billion (~EUR 52.85 million), Forinsurer wrote.
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STATISTICS
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by Andrei Victor, 2022-09-08
During H1 2022, the Lithuanian insurance market grew by 19.4% y-o-y (or by EUR 97 million) to EUR 598 million, while the value of payments expanded by 36% y-o-y to EUR 328 million, according to the market figures published by the Bank of Lithuania.
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by Andrei Victor, 2022-09-08
The GWP of Turkish-based insurers rose 93% on the year in the first six months of 2022, reaching TRY 91 billion (EUR 5.2 billion), data of the Insurance Association of Turkey showed.
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by Marina MAGNAVAL, 2022-09-07
The CIS regional insurance market* ended the first quarter of 2022 with a decrease of 6.30% in EUR from a year ago, amounting to EUR 5.99 billion, according to xprimm statistics.
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by Marina MAGNAVAL, 2022-09-07
According to the 1H2022 results, the Georgian insurance market grew by 12.49% y-o-y, total GWP reached GEL 504.67 million (EUR 163.74 million), according to the Georgian Insurance Supervision Service.
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by Marina MAGNAVAL, 2022-09-07
The insurance sector of Ukraine ended the first quarter of 2022 with a decrease of 19% y-o-y, total GWP amounted to UAH 9.52 billion (EUR 292.15 million). The decline was recorded by both non-life insurance (more than 21%) and life insurance (by almost 3%), as shown by data published by the National Bank of Ukraine.
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ON THE MOVE
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by Daniela GHETU, 2022-09-06
On August 29, the Board of the Polish Insurance Guarantee Fund elected Piotr Zadrozny, the president of the management board of TUZ Ubezpieczenia, as Chairman. Rafal Stankiewicz, vice-president of the board of Warta will continue to serve as Vice-Chairman.
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by Daniela GHETU, 2022-09-08
Aon plc a leading global professional services firm, announced that Adriana Karaboutis, chief information and digital officer of National Grid plc, has been appointed to its Board of Directors. The Board expects to appoint her to the Audit Committee of the Board and the Compliance Sub-Committee of the Audit Committee.
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by Andrei Victor, 2022-09-07
Polish insurance group PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) announced that on 1 September 2022 on the occasion of Company's Extraordinary Shareholder Meeting, Piotr Wachowiak was appointed as Member of the Company's Supervisory Board. "The resolution came into force upon its adoption".
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