 INTERVIEW
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by Daniela GHETU, 2022-11-02
End to End Risk Transfer Platform in Re/Insurance IndustryBased on AI & Blockchain Technologies
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TOP NEWS
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by Andrei Victor, 2022-10-31
Swiss Re reported a net loss of USD 285 million for the first nine months of 2022- compared with a net income of USD 1.3 billion for the same period last year, - driven by a USD 442 million net loss in the third quarter. The decline was mainly driven by significantly lower investment results, large natural catastrophe claims of USD 2.7 billion as well as first-quarter reserves of USD 283 million related to the war in Ukraine, as the reinsurer mentioned in a statement.
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by Daniela GHETU, 2022-11-03
Hannover Re considers its earnings guidance for the 2022 financial year still achievable despite the 3Qs significant natural catastrophe expenditures that pushed up the combined ratio to 99.2%. Gross premium grew by 21%, while the group's operating profit rose by 3.7%, to EUR 1,328 million.
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by Daniela GHETU, 2022-11-03
AXA's gross revenues went up by 2% on a comparable basis, to EUR 78.4 billion in 9M 2022. In P&C Commercial lines, insurance revenues increased by 6% to EUR 24.4 billion. Estimated claims from Hurricane Ian of EUR 0.4 billion, gross of tax and net of reinsurance.
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by Andrei Victor, 2022-10-31
Global re/insurance broker MMC posted Q3 2022 aggregate revenue of USD 4.8 billion, an increase of 4% compared with the third quarter of 2021. Q3 operating income was USD 791 million, an increase of 7% from the prior year.
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by Andrei Victor, 2022-10-31
Global re/insurance broker AON announced that its Q3 2022 total revenue was flat at USD 2.7 billion compared to the prior year period, while net income increased to USD 408 million compared to a net loss of USD-900 million in the prior year period.
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by press.release, 2022-11-03
Europe's insurers and reinsurers wish to reiterate their willingness to continue playing their important role in climate change mitigation and adaptation in support of the goals of the UN Paris Agreement and the European Green Deal.
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by Andrei Victor, 2022-11-02
CROATIA osiguranje Group - one of the largest insurers in Adriatic region with operations in Croatia, Bosnia-Herzegovina, North Macedonia, Serbia and Slovenia, posted January-September 2022 consolidated net profit of HRK 321.6 million (~EUR 42.7 million), which represents an increase of 0.8% compared to the comparative period of the previous year.
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by Daniela GHETU, 2022-11-03
While 82% of Romanians are aware of the obligation to have a mandatory insurance policy against natural disasters for their home, only 20% of the 9.6 million homes are protected by a compulsory PAD policy.
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by Marina MAGNAVAL, 2022-10-31
There is a strong slowdown in the GWP growth in the Armenian agroinsurance sector, while paid claims keep growing rapidly, which, according to experts, is mainly due to the negative impact of abnormal weather conditions on crop yields, including agricultural risks covered by insurance, ArmInfo reports.
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by Marina MAGNAVAL, 2022-10-31
According to the Executive Director of the Central Bank of Azerbaijan (CBA) Ziya ALIYEV, CBA is working on digitalization of compulsory real estate insurance processes, Trend wrote.
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by Marina MAGNAVAL, 2022-10-31
The Ministry of Economy and Commerce of Kyrgyzstan presented an amendment to the legislation of the republic, which will allow the government to fully launch MTPL insurance. This addition to the road traffic rules of the Kyrgyz Republic will oblige drivers, at the request of inspectors of the patrol service, to present an insurance policy for verification, the source wrote.
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by Marina MAGNAVAL, 2022-10-31
The National Bank of Tajikistan (NBT) has revoked licenses for two companies operating in the country's insurance market, tj.sputniknews.ru reports according to the press service of the Tajik regulator. KAFIL and Bakel-Tilli Tochikiston had their licenses revoked.
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by Marina MAGNAVAL, 2022-10-31
The TAS insurance group, which is one of the five leaders in the insurance sector of Ukraine, paid UAH 675.64 million (~EUR 18.74 million) under insurance contracts in January-September this year, Forinsurer wrote.
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MARKETS & TRENDS
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by Daniela GHETU, 2022-11-02
German insurers recently warned consumers not to engage in risky "experiments" as they try out makeshift alternatives to heat their homes as the nation navigates an energy crisis, Reuters said.
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STATISTICS
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by Daniela GHETU, 2022-11-03
Gross written premiums amounted to EUR 22.17 billion at regional level, up by almost 7% y-o-y. At the same time, claims paid increased by 11.5% y-o-y, to EUR 12.64 billion.
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by Andrei Victor, 2022-11-02
The business of the 15 th Croatia-based insurers members of HUO - Croatian Insurance Bureau - totaled HRK 9.73 billion (~EUR 1.29 billion) at the end of the third quarter of the year, up by 7.9% y-o-y, according to the monthly figures published by the Insurance Bureau on its website.
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by Andrei Victor, 2022-11-02
At the end of September 2022, the insurance market of Montenegro totaled EUR 82.79 million, 11.23% more y-o-y, while the value of paid claims by insurers totaled EUR 33.11 million, up by 7.45% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.
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by Marina MAGNAVAL, 2022-10-31
Over the first 9 months of this year, Armenian insurers made a profit mainly from MTPL and health insurance - AMD 8.1-7.6 billion, followed by property insurance, Motor Hull, accidents insurance - AMD 3.6-1.3 billion, according to the data from insurers' reports provided by ArmInfo.
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by Marina MAGNAVAL, 2022-11-02
The insurance sector of Kazakhstan ended three quarters of 2022 with an increase of 12% y-o-y in local currency. Total GWP volume reached KZT 677.83 billion (EUR 1.46 billion). At the same time, insurers' paid claims increased by almost 54%, to KZT 139.75 billion (EUR 302.37 million), according to the data published by the National Bank.
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ON THE MOVE
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by Andrei Victor, 2022-11-02
Reinsurer Hannover Re announced that Gunilla Pendt takes over the responsibility for Corporate Communications as of 1 November 2022. Karl Steinle, previously Head of Corporate Communications, will take over as Head of Investor and Rating Agency Relations at Hannover Re.
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CURRENT XPRIMM REPORTS
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