TOP NEWS
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by Andrei Victor, 2022-10-24
German reinsurer Munich Re anticipates a quarterly profit of about EUR 0.5 billion, despite in Q3 2022 the company registered higher-than-average major-loss expenditure in property-casualty reinsurance.
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by team, 2022-10-25
The XIVth edition of the International Istanbul Insurance Conference will take place on 8 - 9 November 2022 in a virtual format, this year's main topic being "Global Changes and Their Impact on (Re)Insurance Market and Supply Chain".
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by Andrei Victor, 2022-10-25
Global reinsurer Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022.
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by Andrei Victor, 2022-10-25
E+S Ruckversicherung AG, the Hannover Re subsidiary responsible for the Group's German business, expects significant improvements in risk-adjusted prices and conditions in property and casualty reinsurance on the back of continued heavy claims expenditure and soaring inflation.
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by Andrei Victor, 2022-10-24
Prague-based reinsurer VIG Re part of Austrian Vienna Insurance Group announced that on 17th October 2022, Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s.
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by Andrei Victor, 2022-10-25
AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel (GACM SA) for the potential acquisition of its subsidiary Groupe Assurances du Credit Mutuel Espana (GACM Espana), a predominantly P&C and Health insurer in Spain.
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by Marina MAGNAVAL, 2022-10-25
The volume of taxes in the insurance sector of Armenia in January-September 2022 amounted to AMD 1.3 billion (~EUR 3.30 million) which is 36.1% lower than a year ago. Of this amount, AMD 1.1 billion fell on direct taxes, with an annual decrease of 39.7%, according to the data of the State Revenue Committee of the Republic of Armenia, ArmInfo wrote.
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by Marina MAGNAVAL, 2022-10-25
In January-August 2022, the insurance market of Uzbekistan reached UZS 3,701.6 billion (~EUR 0.34 billion), the State Committee of the Republic of Uzbekistan on Statistics reported.
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by Daniela GHETU, 2022-10-25
"The European market continues to deliver strong results over the cycle, and to differentiate itself within the global (re)insurance landscape," Guy Carpenter's Massimo Reina, CEO, Europe said in hiss opening address at the Baden-Baden Reinsurance Symposium hosted by the company on October 23.
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by Daniela GHETU, 2022-10-26
Insurance Europe has published a set of key messages regarding the repeal of the EU's Directive on Distance Marketing of Consumer Financial Services (DMD), pleasing for transferring its remaining provisions to more recent sector-specific EU legislation, such as the Insurance Distribution Directive.
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by Marina MAGNAVAL, 2022-10-26
Motor Hull prices are on the rise, according to insurance providers, in addition to general inflation, the increase in claims is behind this rise, reaching pre-pandemic levels, err.ee reports.
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by Marina MAGNAVAL, 2022-10-26
Although the summer of 2022 was the third warmest on record since 1924, the largest crop insurance claims from farmers were for rain and storm damage, mostly veld, rather than drought damage.
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by Marina MAGNAVAL, 2022-10-26
The delegation of the Insurance Supervision Agency of Montenegro, led by the President of the Council, Uros Andrijasevic, visited Vienna to participate in the meeting of insurance regulators of the CESEE region (Central, Eastern and Southeastern Europe), the agency said on its website.
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by Marina MAGNAVAL, 2022-10-26
In 2021, drivers of vehicles with foreign registration numbers caused 12.8 thousand accidents and collisions, according to the data of the Polish Motor Insurers' Bureau (PBUK). This was almost at the same level as a year before, but nearly a quarter less than two years ago, Gazeta Ubezpieczeniowa reports.
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by Marina MAGNAVAL, 2022-10-26
According to the press service of the Parliamentary Assembly of the Union State of Belarus and Russia, it is planned to introduce a single compulsory motor third party liability insurance policy in the Union State by mid-2023, BELTA reports.
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