TOP NEWS
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by Daniela GHETU, 2023-02-09
The consecutive two devastating earthquakes that hit on 5 February Turkiye and Syria in the region of their common border, as well as the tens of aftershocks, have caused insurable losses that may exceed USD 4 billion, real-estate information firm CoreLogic estimates.
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by Daniela GHETU, 2023-02-06
A 7.8-magnitude quake hit Turkiye's Gaziantep province, 3 kilometers east of Nurdagi, at a depth of 24.1 kilometers, the United States Geological Survey (USGS) said.
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by Daniela GHETU, 2023-02-09
On the eve of its 10th anniversary, in March, Amodo launched One Product, a state-of-the-Art Insurance Telematics Platform, the company announced. One Product brings perfected Amodo technology based on decade-long R&D activities and the experiences collected running worldwide UBI programs, also including Amodo's proprietary CO2 emission reduction smartphone-based program.
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by Marina MAGNAVAL, 2023-02-07
The Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina in January 2023 held a meeting with the management of (re)insurance companies, where it was pointed out that in 2022 life and non-life insurance registered an increase, the insurance market is still dominated by motor insurance and that the market can be considered as also stable and sustainable.
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by Marina MAGNAVAL, 2023-02-07
Moldovan insurance companies have suspended the process of concluding agroinsurance contracts with farmers due to the fact that they did not receive full subsidies under last year's contracts, east-fruit.com wrote.
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by Marina MAGNAVAL, 2023-02-07
In 2022, assets of insurance (reinsurance) companies in Kazakhstan increased by 13% to KZT 2.1 trillion (~EUR 4.25 billion). Growth of assets was mainly due to the growth of income from insurance activities, Allinsurance.kz writes 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, 2023-02-07
A model legislative act "On the system of compulsory insurance of civil liability of owners of vehicles of the Union State" is planned to be adopted at the next session of the Parliamentary Assembly of the Union of Belarus and Russia, BELTA writes with reference to the representative of the Secretariat of the Parliamentary Assembly Aleksey ERSHOV.
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by Andrei Victor, 2023-02-07
Global re-insurance broker AON posted 2% growth in Q4 2022 revenue to USD 3.13 billion (vs. USD 3.08 billion) and 10% growth in FY 2022 revenue to USD 12.47 billion (vs. USD 12.19 billion), due to double-digit increases reported in Reinsurance Solution: +27% in Q4, while the FY2022 growth rate was 10%.
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by Andrei Victor, 2023-02-07
Global reinsurer Swiss Re announced plans to streamline its organisational structure. Thus, the current Reinsurance Business Unit will be split into Property & Casualty Reinsurance (P&C Re) and Life & Health Reinsurance (L&H Re), with "each having full authority over the respective underwriting and claims management processes".
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by Andrei Victor, 2023-02-07
Global commercial insurance prices increased 4% in the fourth quarter of 2022 (down from a 6% increase in Q3 and a 9% increase in Q2), according to the Global Insurance Market Index released by the insurance brokerage company Marsh.
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by Andrei Victor, 2023-02-07
German reinsurer Hannover Re generated a Group net income of EUR 1.41 billion in 2022 vs. EUR 1.23 billion a year before, "based on preliminary, unaudited key figures, thus achieving the forecast specified in November 2022", while gross written premium rose by 12.7% to EUR 33.3 billion (vs. EUR 27.8 billion).
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by Daniela GHETU, 2023-02-08
Hannover Re achieved an inflation- and risk-adjusted price increase on renewed business of 8.0% in the treaty renewals as at 1 January 2023 in traditional property and casualty reinsurance.
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ON THE MOVE
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by Andrei Victor, 2023-02-07
Marsh McLennan (MMC) announced that Flavio Piccolomini and Pat Tomlinson have been named Marsh McLennan International CEO and US and Canada CEO, respectively. "They will lead a new collaborative effort to better serve clients and deliver innovative solutions at the intersections of the Company's four businesses: Marsh, Mercer, Guy Carpenter and Oliver Wyman".
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TOP EVENT
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by Daniela GHETU, 2023-02-09
Pamela SCHUERMANS, Principal Expert Insurance Policy, Lead of EIOPA's inter-departmental ESG group will bring the regulatory view by giving a Keynote Speech at the first ESG IN INSURANCE Conference organized within the 2023 IIF - The International Insurance Forum framework, in Vienna, on 4 April.
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by Daniela GHETU, 2023-02-09
Although throughout the last decades there were more telematics failures than successes, these successes clearly show it is much to achieve if the technology is used well, says Matteo CARBONE, director of the IoT Insurance Observatory, who will give a Keynote Speech at the forthcoming Motor Insurance Conference in Vienna, on 5 April.
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STATISTICS
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by Andrei Victor, 2023-02-09
According to the year-end market figures recently published by Albanian FSA, during January-December 2022 the local insurance market experienced an increase of 9.16% y-o-y to ALL 21.03 billion (~EUR 184 million). At the same time, the number of policies increased by 12.93% compared to January-December 2021 to 1,325,231.
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by Andrei Victor, 2023-02-09
The aggregate FY 2022 GWP reported Croatia-based insurers increased by 8.18% y-o-y, reaching HRK 12.7 billion (EUR 1.68 billion), according to the yea-end data published by the Croatian Insurance Bureau. Total gross claims paid increased to HRK 7.71 billion from HRK 7.29 billion a year earlier.
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by Marina MAGNAVAL, 2023-02-09
At the end of 2022, the insurance sector of Kyrgyzstan grew by 71% to KGS 2.16 billion (EUR 23.61 million), according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic.
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EVENTS
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CURRENT XPRIMM REPORTS
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