TOP NEWS
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by Daniela GHETU, 2022-09-15
While this year's edition of the Rendez-Vous de Septembre in Monte Carlo seems dominated by a cautious optimism with regard to the future development f the reinsurance business, there a few issues that reinsurers find challenging for the near future.
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by team, 2022-09-13
The challenging macro-economic landscape will be a net positive for both risk carriers and "volatility takers", according to SCOR chief executive Laurent ROUSSEAU, who spoke during the global reinsurer's press briefing at RVS 2022 in Monte Carlo.
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by Daniela GHETU, 2022-09-15
As stated when last re-elected in 2020, Claude Tendil wished to step down as president of the Rendez-Vous de Septembre association (RVS). On 12 September 2022, the RVS general assembly took note of this decision and elected Denis Kessler, Chairman SCOR SE, to take over the position.
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by Marina MAGNAVAL, 2022-09-13
Munich Re's Economic Research Department estimates that the reinsurance sector will grow by 2-3% worldwide from 2022 to 2024, when adjusted for inflation with the strongest growth likely to be in Latin America, at 4-5%, as the company's recent press-release said.
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by Daniela GHETU, 2022-09-15
The European Parliament plenary session adopted MEP Axel Voss' own initiative legislative report on responsible third-party litigation funding (TPLF). The report calls on the European Commission to propose solutions for the effective supervision of TPLF in commercial and civil disputes.
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by Alex SIMION, 2022-09-12
Insurance Europe has responded to a call for feedback on the EU Platform on Sustainable Finance’s (PSF) draft report on minimum safeguards (MS). This is welcomed by the industry since the draft aims to advise the European Commission on the application of MS as set out under Article 18 of the EU Taxonomy Regulation.
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by Andrei Victor, 2022-09-13
Lloyd's of London announced an improved underwriting result for the first six months of 2022, with an underwriting profit of GBP 1.2? (HY 2021: GBP 0.96 billion) and a combined ratio of 91.4% (HY 2021: 92.2%).
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by Marina MAGNAVAL, 2022-09-13
In the last 10 years there has been no change in home property insurance - only 6-7% of the properties of individuals are insured in Bulgaria. This is an extremely low percentage, especially considering that the majority of people live in their own homes, said Konstantin VELEV, Chairman of the Board of the Association of Bulgarian Insurers (ABZ) in his interview on September 09.
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by Marina MAGNAVAL, 2022-09-13
According to the cumulative data of the Croatian Insurance Authority for August 2022, total GWP of the market reached HRK 8.79 billion (~EUR 1.16 billion), which represents an increase of 8.13% y-o-y, osiguranje.hr reports.
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by Marina MAGNAVAL, 2022-09-13
Assets of re/insurance companies increased to KZT 2 trillion(~EUR 4.09 billion) in July 2022, their growth since the beginning of the year amounted to 9.6%, mainly due to the growth of income from insurance activities and revaluation of the financial instruments in foreign currency, Allinsurance.kz reports with reference to the Agency of the Republic of Kazakhstan for Regulation and development of the financial market.
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by Marina MAGNAVAL, 2022-09-13
In Moldova, the number of premiums collected by insurance companies under agricultural risk insurance contracts in the first half of 2022 increased by more than 40% compared to the same period last year, east-fruit.com wrote.
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by Marina MAGNAVAL, 2022-09-13
The volume of net premiums of Ukrainian insurers in January-June 2022 decreased from UAH 23.5 billion to UAH 17.7 billion/~EUR 0.57 billion (-24.6% y-o-y). UAH 2.22 billion were ceded to reinsurance, Forinsurer wrote, citing data from the National Bank of Ukraine.
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by Andrei Victor, 2022-09-13
The Talanx Group lifted both premiums and Group net income in the first half of 2022. Gross written premiums saw a clear double-digit rise of 17.7% y-o-y period to EUR 28.3 billion.
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by Daniela GHETU, 2022-09-13
The Geneva Association has released a report titled "Anchoring Climate Change Risk Assessment in Core Business Decisions in Insurance", featuring business use cases and new insights into regulatory priorities to offer re/insurers guidance on implementing climate change risk assessment to produce decision-relevant information.
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by Andrei Victor, 2022-09-14
Eurohold`s energy subholding bought all remaining shares of minority shareholders for c. BGN 7.8 million (EUR 4 million) and both companies will be delisted from the Public Companies Register
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