MARKETS & TRENDS
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Swiss Re's multidimensional view of motor risk
by Daniela GHETU, 2023-02-16
Challenging times for the automotive industry. From lingering supply chain disruptions to global food shortages and the energy crisis, the economic landscape has been cumbersome, and companies worldwide have had to adapt to this complex new environment.
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TOP NEWS
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by Andrei Victor, 2023-02-28
The Austrian insurer Vienna Insurance Group informed that according to FY2022 preliminary figures it expects net results in a range of EUR 460-470 million, significantly above expectations. The result before taxes amounts to about EUR 560 million.
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by Andrei Victor, 2023-02-28
Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region), informed it recorded total revenues amounting to HRK 6.5 billion (EUR 862 million), 14% higher compared to the previous year.
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by Andrei Victor, 2023-02-28
Austrian insurer UNIQA Insurance Group announced in the financial year 2022 it generated earnings before taxes of EUR 421.7 million, 10.3% more y-o-y, while the value of premiums written rose by 3.9% to EUR 6.60 billion.
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by Andrei Victor, 2023-02-28
French insurance group AXA has reported a 2% increase in FY 2022 gross revenues to EUR 102.34 billion, while the group's overall net income decreased by 8% over 2022 to EUR 6.68 billion.
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by Marina MAGNAVAL, 2023-02-28
According to the statistics of the Association of Estonian Insurance Companies (EKsL), last year 1,260 employers purchased additional health insurance, insuring a total of 48,400 employees. The number of contracts increased by 52% over the year, and the number of insured employees increased by 72%, the press-release said.
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by Marina MAGNAVAL, 2023-02-28
One tenth of the new home insurance contracts were qualified consumer-friendly products last December among insurers with MFO, which now protect almost HUF 1,100 billion of customer assets, portfolio.hu wrote.
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by Marina MAGNAVAL, 2023-02-28
At the meeting of Latvian Insurers' Association (LAA) on February 14, two new members joined LAA - Balcia Insurance SE and the branch of Telia Forsakring AB in Latvia, Latvian Insurers' Association (LAA) reports.
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by Marina MAGNAVAL, 2023-02-28
The results of thethe Mystery Shoppers Survey conducted by the Bank of Lithuania show that investment life insurance is often offered without considering the customers' needs. The Bank of Lithuania is initiating a public consultation on proposals that would reduce the risk of improper sale of investment life insurance.
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by Marina MAGNAVAL, 2023-02-28
Total number of complaints filed by dissatisfied insureds last year reached 267, which is 30% more y-o-y. This indicates that citizens increasingly recognize the Insurance Supervision Agency (ISA) as a protector of their insurance rights, the ISA said.
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by Marina MAGNAVAL, 2023-02-28
According to the data of the Analizy.pl website, at the end of 2022, the value of assets accumulated in insurance capital amounted to PLN 36.99 billion (~EUR 7.87 billion), which is PLN 9.4 billion (20%) less y-o-y. The source noted that since its peak in 2017, share-related assets have already shrunk by more than a third, Gazeta Ubezpieczeniowa reports.
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by Marina MAGNAVAL, 2023-02-28
In January 2023, 20 Azerbaijani insurance companies collected GWP in the amount of AZN 133.94 million (~EUR 72.4 million), which is 13.7% more than in January 2022, ABC reports.
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by Marina MAGNAVAL, 2023-02-28
As of January 1, 2023, the insurance sector's assets amounted to KZT 2.07 trillion (~EUR 4.18 billion), which is 13.01% more y-o-y. Asset-to-GDP ratio remains at 2.04%. Liabilities amounted to KZT 1.29 trillion, having increased by 18.76% since the beginning of 2022, as was noted by the participants of the meeting of the financial regulator with market representatives on February 21, Allinsurance.kz wrote.
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by Daniela GHETU, 2023-03-01
Cambridge Mobile Telematics (CMT), the world's largest telematics service provider, announced today that it has acquired Amodo, an award-winning telematics company based in Europe, with 10 years of successful activity on the global market.
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by Daniela GHETU, 2023-03-01
Luminar, a leading global automotive technology company, and Swiss Re, one of the world's leading providers of reinsurance, announced a new exclusive partnership to advance assisted driving and improve safety while reducing costs of consumer adoption.
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ON THE MOVE
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by Andrei Victor, 2023-02-28
French reinsurer SCOR informed that Yves Goldschild, previously Head of Compensation and Benefits is appointed Group Head of Human Resources. He will report to Claire Le Gall-Robinson, SCOR's General Secretary and Group Chief Sustainability Officer.
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by Andrei Victor, 2023-02-28
The largest Czech insurer Generali Ceska pojistovna informed that on March 1, 2023, Marian Zelko, currently Customer Development and Marketing Department, will become a new BoD member and Sales Director for the Czech Republic.
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TOP EVENT
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by Daniela GHETU, 2023-03-02
Felix BEGUN, mathematician for insurance and pension supervision at the Austrian FMA, the institution's expert on ESG issues, will give a presentation at the ESG IN INSURANCE Conference in Vienna, on 4 April.
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by Daniela GHETU, 2023-03-02
"2023 will be the year of AI for Insurance," Arndt GOSSMANN, CEO, DGTAL predicts, and he will explain the reasons that motivate his opinion at IIF 2023 - MOTOR INSURANCE Conference - "Reshaping motor insurance business", on 5 April, in Vienna.
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STATISTICS
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by Andrei Victor, 2023-03-02
According to the Czech Insurance Association - CAP, at the end of 2022 the aggregate GWP reported by member companies totaled CZK 157.36 billion (EUR 6.52 billion) up by 7.01%, or by almost CZK 10.31 billion.
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by Andrei Victor, 2023-03-02
According to the quarterly market data published by SLASPO (Slovak Insurance Association), at the end of 2022, total GWP from the members of the association totaled EUR 2.60 billion, up by 4.50% y-o-y.
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by Marina MAGNAVAL, 2023-03-02
The insurance sector of Uzbekistan ended 2022 with a y-o-y growth of almost 67%, total GWP rose to UZS 6,231.72 billion (EUR 520.97 million), according to data published by the Insurance Market Development Agency under the Ministry of Finance.
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EVENTS
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CURRENT XPRIMM REPORTS
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