TOP NEWS
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by Andrei Victor, 2022-11-21 The rating agency Fitch Ratings has upgraded to "stable" the outlook of Euroins Insurance Group (EIG), the insurance division of the Bulgarian holding - Eurohold.  More
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by Daniela GHETU, 2022-11-24 The value of insurance premiums collected by the PZU Group throughout the first three quarters of 2022 exceeded PLN 19 billion (~EUR 4.05 billion), 4.3% up y-o-y. In Q3 alone, GWP growth rate was the highest in a year (12.1% y-o-y), thanks to the rapidly growing sales of non-life insurance, motor insurance in particular. More
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by Andrei Victor, 2022-11-21 Slovenian re/insurance Group SAVA announced it has generated a net profit of EUR 46.5 million in the first nine months of 2022, reaching 77.5% of its annual target. More
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by Daniela GHETU, 2022-11-24 Despite challenging business conditions, Slovenian Triglav Group increased its total revenue by 10% to EUR 1,241.1 million in the first 3Q of 2022, achieved a favorable combined ratio of 89.5% and generated EUR 89.2 million in profit before tax, down by 3% relative to the same period last year. More
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by Andrei Victor, 2022-11-21 Austrian insurance group UNIQA generated premiums worth EUR 5.03 billion (+4.3% y-o-y) in 9M2022, due to increases recorded in all business lines: property and casualty insurance grew by 5.5% (to EUR 2.83 billion), health insurance by 4.9% (to EUR 963.6 million) and life insurance by 1.2% (to EUR 1.23 billion). More
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by Marina MAGNAVAL, 2022-11-21 According to the data of the Croatian Insurance Agency for October 2022, GWP of insurance companies reached HRK 10.64 billion (~EUR 1.41 billion), which is 7.62% more compared to the same period of 2021, www.svijetosiguranja.eu wrote. More
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by Marina MAGNAVAL, 2022-11-21 For 10 months of 2022, the MTPL loss ratio in Armenia decreased to 64% from 78% in the same period last year, being even lower than the pre-Covid 72% in January-October 2019, ArmInfo reports. More
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by Marina MAGNAVAL, 2022-11-21 From January to October 2022, compulsory state social insurance in Azerbaijan amounted to about AZN 3.7 billion (~EUR 2.19 billion), ABC.AZ reports citing the State Tax Service under the Ministry of Economy. This result is 18.4% more than in the same period in 2021. More
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by Marina MAGNAVAL, 2022-11-21 Over the past three years, the assets of insurance companies have grown by 74.6% to KZT 2 trillion (~EUR 4.35 billion). More
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by Marina MAGNAVAL, 2022-11-21 In January-September 2022, total income of 14 insurance companies operating in the market increased 1.4 times y-o-y, amounting to KGS 1.8 billion (EUR 22.90 million), according to the National Statistical Committee of the Kyrgyz Republic. More
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by Marina MAGNAVAL, 2022-11-21 Total GWP of insurance companies ARX (risk insurance) and ARX Life (life insurance) for 9 months of 2022 amounted to UAH 2.1 billion (~EUR 58.25 million). ARX for the reporting period collected UAH 1.96 billion and concluded 2.4 million insurance contracts with clients, which is 35% more y-o-y, Forinsurer writes. More
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by Andrei Victor, 2022-11-21 Lloyd's - the world's leading insurance and reinsurance marketplace, announced that claims to the Lloyd's market arising from Hurricane Ian are estimated to be in the range of USD 2.3 billion - USD 3 billion net of reinsurance, based on Q3 data provided by Lloyd's syndicates. More
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by Daniela GHETU, 2022-11-24 SCOR Investment Partners, announced the launch of a new corporate loan fund focused on environmental sustainability and the preservation of natural capital: SCOR Euro Loans Natural Capital, thus reaffirming its position as a responsible investor focused on increasing its sustainability linked platform. More
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ON THE MOVE
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by Daniela GHETU, 2022-11-24
Alexander SARRIGEORGIOU, chairman of the Hellenic Association of Insurance Companies, and chair and CEO of Eurolife FFH, has been elected vice-president of Insurance Europe, the European insurance and reinsurance federation, with a mandate running until June 2025.
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by Andrei Victor, 2022-11-21
SCOR d the appointment of Emma Bartolo as the Global Segment Leader for its Environmental Impairment Liability (EIL) insurance portfolio. She will join SCOR in February 2023.
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INTERVIEW
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by Daniela GHETU, 2022-11-24 The main inflation impact will show in rising claims costs. Besides, in motor, claims costs have risen as shortages of parts have kept the prices of new and used vehicles high level. Motor liability as well as accident and general liability business will also be impacted, with high inflation feeding through into bodily injury claims. More
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STATISTICS |
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by Andrei Victor, 2022-11-24 Albanian insurance market posted January-September 2022 GWP of ALL 15.50 billion (~EUR 133 million), or 9.5% more y-o-y, according to the 3Q2022 figures published on the website of the local financial supervisory authority - AFSA. More
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by Andrei Victor, 2022-11-24 The insurance market of Bosnia and Herzegovina ended the first nine months of the current year with aggregate gross written premiums worth BAM 668.66 million (~EUR 341.88 million) vs. BAM 618.26 million (~EUR 316.11 million) a year before, according to the January-September 2022 market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina. More
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by Andrei Victor, 2022-11-24 The GWP of Kosovo insurers increased by 11.3% y-o-y to EUR 98.3 million during January-September 2022 while total gross claims paid increased by 2.2% y-o-y to EUR 46.6 million, as official monthly figures published on the website of the Central Bank showed. More
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by Marina MAGNAVAL, 2022-11-24 Azerbaijan's insurance sector ended 3Q with an increase of 12.24%, reaching AZN 731.22 million (EUR 438.62 million). At the same time, paid claims decreased by 14.69% to AZN 318.61 million (EUR 191.12 million), according to the statistics published by the National Bank. More
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by Marina MAGNAVAL, 2022-11-24 3Q2022, the insurance sector of Kyrgyzstan ended with impressive growth y-o-y - by 51%, reaching KGS 1492.37 million (EUR 19.26 million), according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic. More
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by Marina MAGNAVAL, 2022-11-24 The insurance market of Moldova at the end of 3Q2022 grew by 26.56% to MDL 1.82 billion (EUR 95.84 million), according to data published by the National Financial Market Commission. Paid claims reached MDL 585.80 million (EUR 30.84 million), which is 25.41% more than in the same period of 2021. More
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CURRENT XPRIMM REPORTS
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