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XPRIMM News No. 613, 13 October 2022

Insurance Newsletter No. 613, 13 October 2022
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TOP NEWS

by Daniela GHETU, 2022-10-13
Insurance Europe has published its comments on a consultation conducted by the European Insurance and Occupational Pensions Authority (EIOPA) on its draft statement on differential pricing practices.
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by Marina MAGNAVAL, 2022-10-13
The recent note prepared jointly by staff members of the International Association of Insurance Supervisors (IAIS) and the Access to Insurance Initiative (A2ii) is focused on gaps in coverage for types of risk where diversification is more difficult to achieve as coverage for non-damage business interruption (BI) losses in the context of pandemics.
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by press.release, 2022-10-13
The Geneva Association has become a supporting institution of the UN-convened Net-Zero Asset Owner Alliance (NZAOA), an alliance of institutional investors committed to transitioning their investment portfolios to net-zero carbon emissions by 2050.
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by Daniela GHETU, 2022-10-13
Marsh, the global leader in insurance broking and risk consultancy, announced its customers will be able to benefit from preferential renewal offers from insurers AIG and Zurich Insurance Group (Zurich). The new conditions will be available to companies that complete and use the Marsh ESG Risk Rating tool.
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by Marina MAGNAVAL, 2022-10-13
The Bulgarian insurance sector celebrates 140 years of insurance in Bulgaria and 30 years since establishment of the Association of Bulgarian Insurers (ABZ) in 2022. In honor of these anniversaries, ABZ organized an anniversary conference "140 years of insurance in Bulgaria" on October 5, 2022 at the Hyatt Hotel, the Association said.
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by Marina MAGNAVAL, 2022-10-13
According to the data of the Croatian Insurance authority, by September 2022, GWP of the insurance companies reached HRK 9.73 billion (~EUR 1.28 billion), which represents an increase of 7.90% y-o-y, svijetosiguranja.eu wrote.
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by Andrei Victor, 2022-10-13
NN Group announces that it has reached an agreement with Rockbridge to sell the former MetLife asset management business in Poland.
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by Daniela GHETU, 2022-10-13
More and more Poles are reaching for the help of psychologists and psychiatrists. According to the data of Polish health insurer TU Zdrowie, the number of consultations provided in the first half of 2022 increased by almost 40% compared to the same period of the previous year.
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by Andrei Victor, 2022-10-13
Oliver BAETE has won the German Diversity Award in the category "Personality of the Year" 2022, as the German insurer ALLIANZ announced in a statement, representing "ALLIANZ`s unwavering engagement and the commitment of our CEO on diversity, equity and inclusion (DE&I)".
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by Marina MAGNAVAL, 2022-10-13
The Association of Insurers of Azerbaijan has prepared a "road map" of the Insurance Community of the Turkic World. The first meeting of insurance companies-members of the Community will be held in October, Trend wrote with reference to the association.
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by Marina MAGNAVAL, 2022-10-13
The Council of Ministers of Belarus has determined authorized insurance organizations to make the initial payment of Belarus' share in the charter capital of the Eurasian Reinsurance Company (ERC) in 2022-2023 in the amount of 25%, BelTA wrote.
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by Marina MAGNAVAL, 2022-10-13
On October 6, 2022, the Verkhovna Rada of Ukraine approved a resolution on the dismissal of Kirill Shevchenko from the post of Chairman of the National Bank of Ukraine, a position that he was appointed to on July 16, 2020, Forinsurer reports.
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by Andrei Victor, 2022-10-13
NN Group announced that its subsidiary NN Insurance Belgium has completed the sale of a closed book life portfolio to Athora Belgium, announced about a year ago.
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ON THE MOVE

by Daniela GHETU, 2022-10-13
VIG Re, the reinsurance company of Vienna Insurance Group, announced the appointment of Tobias Sonndorfer as the new member of the Board of Directors, with effect from 1st January 2023, expanding the number of board members from current three to four.

by Andrei Victor, 2022-10-13
Croatian largest insurer CROATIA Osiguranje (CO) announced on the website of Zagreb Stock Exchange (Zagrebacka burza d.d.) that the Governing Board of the Croatian Financial Services Supervisory Agency (HANFA) adopted a decision granting authorisation to Davor TOMASKOVIC, Robert VUCKOVIC, Luka BABIC and Vanco BALEN to perform the function of a member of the Managment Board of the Company.

by Andrei Victor, 2022-10-13
Suzanna KONING has been appointed chair of the board of InShared, ACHMEA's all-round online insurer with effect from 5 October 2022.

MARKETS & TRENDS

by Daniela GHETU, 2022-10-13
"Nothing undermines sustainable development like disasters," asserted United Nations Secretary-General Antonio Guterres in hir foreword to the sixth edition of the United Nations Global Assessment Report on Disaster Risk Reduction 2022 - "Our World at Risk: Transforming Governance for a Resilient Future comes at a critical time for the future of humanity."
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TOP EVENT

by team, 2022-10-13
XPRIMM Team has prepared for the Baden-Baden Reinsurance Meeting four editorial premieres that will meet their first readers between 23 to 26 October 2022, when the team will be attending the event looking forward to meeting partners, colleagues and friends at one of the most important events in the international reinsurance calendar.
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STATISTICS

by Daniela GHETU, 2022-10-13
Bulgarian insurance market totaled almost BGN 1.8 billion (EUR 918 million) at the end of June 2022, up by 9.8% y-o-y, according to the official data provided by Financial Supervision Commission - FSC. The number of insurance companies active in Bulgaria decreased to 44 at the end of June from 51 a year earlier.
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by Daniela GHETU, 2022-10-13
According to the Polish Financial Supervision Authority (KNF) data, the local insurance market ended the first half of 2022 with GWP slightly under the 1H2021 level (-0.5% y-o-y). Thus, GWP reached EUR 7.57 billion. The stagnant status of the market was determined entirely by the life insurance segment which saw a 8.3% decrease in GWP. The results confirm the data previously released by the Polish Chamber of Insurance (PIU).
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by Daniela GHETU, 2022-10-13
Slovenian insurers reported GWP up by 4.62% y-o-y in 1H2022, to EUR 1.48 billion. The absolute trend setter was the non-life segment which saw a 6.3% GWP growth rate, to EUR 1.08 billion, while the life insurance segment remained, overall, at the 1H2021 GWP level, of EUR 393.6 million. Yet, one should notice that the Unit-Linked products line was the one which, by recording a 7.6% premiums growth, has offset the negative trend seen on the traditional life insurance lines. Paid claims went up by about 11,67%, to EUR 906 million, mostly driven by the health insurance line.
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VIG

Omniasig

ERGO


EVENTS

WorldPensionSummit 2022

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


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