TOP NEWS
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by Daniela GHETU, 2023-03-09
The National Association of Insurers of Ukraine (NAIU) has joined Insurance Europe as an associate member, the European insurers' federation announced.
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by Andrei Victor, 2023-03-08
Bulgarian financial and energy holding Eurohold reported YE 2022 a nearly 77% growth in revenues compared to the previous year to over BGN 6.3 billion (EUR 3.2 billion) and a roughly 52% increase in EBITDA to approx. BGN 286 million (EUR 146 million), according to the holding's annual consolidated report. Net profit grew by 8.8% on the year to BGN 68.3 million (EUR 34.9 million).
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by Marina MAGNAVAL, 2023-03-08
In the fourth quarter of 2022, the average MTPL premium for passenger cars increased by 8% compared to the same period in 2021. Claim expenses increased by 13% as a result of rising service and spare parts costs and changes in the exchange rate, according to the MNB's latest KGFB index, portfolio.hu wrote.
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by Andrei Victor, 2023-03-08
Slovenian Sava Insurance Group informed that it generated a net profit of EUR 68.2 million in 2022, exceeding the annual target by 13.7%, according to the Unaudited financial statements of the Sava Insurance Group for 2022. Compared with 2021 when the same indicator totaled EUR 76.16 million, the net profit declined by over 10%.
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by Andrei Victor, 2023-03-08
According to unaudited data, the Triglav Group generated a profit before tax of EUR 134.5 million in 2022, up by 1% over the previous year and above the planned.
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by Marina MAGNAVAL, 2023-03-09
Last year 219,677 agricultural producers (31,246 more than in 2021) concluded insurance contracts for insurance of crops or livestock with a subsidy from the state budget, said Ryszard Bartosik, Secretary of State at the Ministry of Agriculture and Rural Development, Gazeta Ubezpieczeniowa wrote.
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by Daniela GHETU, 2023-03-09
Serbian market leader Dunav osiguranje ended 2022 with gross premium of over EUR 300 million, by as much as EUR 100 million more than just five years ago, the company has announced.
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by Marina MAGNAVAL, 2023-03-08
The amount of paid claims of each of the four insurance companies of Azerbaijan in January 2023 exceeded AZN 2 million (~EUR 1.08 million), ABC reports.
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by Marina MAGNAVAL, 2023-03-09
In 2022 Azerbaijani insurers issued 22,187 insurance contracts within the Green Card system and collected AZN 3.01 million of premiums on them (~EUR 1.66 million), Trend reports based on data from the Compulsory Insurance Bureau of Azerbaijan.
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by Daniela GHETU, 2023-03-09
In recognition of the Generali Group CEO's commitment to sustainability, the Foreign Policy Association has presented Generali Group CEO Philippe Donnet with the Corporate Social Responsibility Award at their 2023 Financial Services Dinner.
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by Andrei Victor, 2023-03-08
The Chairman of the Supervisory Board of Vienna Insurance Group (VIG), Gunter Geyer, received the "Medal for Merit", I Class, from the President of the Czech Republic, Milos Zeman, on 2 March 2023. The ceremony at Prague Castle was also attended by the Austrian Federal President Alexander Van der Bellen.
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by Daniela GHETU, 2023-03-08
Swiss Re has successfully closed a multi-year stop-loss transaction with funding led by J.P. Morgan. The deal provides Swiss Re with USD 700 million in underwriting protection, supporting the Group's pursuit of profitable growth.
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by Andrei Victor, 2023-03-08
French insurance group AXA S.A. announced the successful sale of 100,000,000 shares in Banca Monte dei Paschi di Siena S.p.A., representing ca.7.94% of the Italian Bank's share capital, at a price of EUR 2.33 per share (i.e. a total amount of 233 million euros) in an accelerated book built offering reserved to institutional investors.
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by Andrei Victor, 2023-03-08
French reinsurer SCOR posted gross written premiums of EUR 19.73 billion in 2022, up by 4.9% compared with 2021, while in terms of profitability, it reported a net loss of EUR -301 million, compared with EUR 456 million net income in 2021.
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by Daniela GHETU, 2023-03-09
Hannover Re increased its Group net income by 14.2% in the 2022 financial year to the record level of EUR 1.41 billion (previous year: EUR 1.23 billion) and thereby achieved the guidance that had been detailed more closely in November 2022. For 2023, the Group expects its net income should reach at least EUR 1.7 billion.
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by Andrei Victor, 2023-03-08
On 1 March 2023 the international ratings agency Standard & Poor's (S&P) upgraded the outlook for UNIQA Insurance Group AG, UNIQA Osterreich Versicherungen AG and UNIQA Re AG from "negative" to "stable". S&P also reconfirmed the "A" rating for UNIQA Osterreich Versicherungen AG and UNIQA Re AG, and the "A-" rating for UNIQA Insurance Group AG.
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by Daniela GHETU, 2023-03-09
The International Association of Insurance Supervisors (IAIS) has reached an important milestone in the comparability assessment project - an initiative that will ascertain whether the Aggregation Method (AM) provides comparable outcomes to the Insurance Capital Standard (ICS).
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STATISTICS
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by Andrei Victor, 2023-03-08
Last year, Estonian insurance market totaled EUR 550.90 million in terms of GWP, up by 13.26% y-o-y, according to FY2022 market figures published by the Estonian National Statistics Board.
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by Andrei Victor, 2023-03-08
During the year 2022, the Lithuanian insurance market grew by 18.57% y-o-y (or by EUR 193 million) to EUR 1.23 billion, while the value of payments expanded by 24.69% y-o-y to EUR 682.37 million, according to the market figures published by the Bank of Lithuania.
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TOP EVENTS
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by Daniela GHETU, 2023-03-09
Answering to the ESG IN INSURANCE Conference goal of exploring different approaches to building an effective ESG strategy, Nina KELEMEN, CFA, Sustainability Manager for Zavarovalnica Triglav, the mother company of one of the most important groups in the CEE will present Slovenian's strategic sustainability journey as well as the Group's opinion on the challenges raised by the implementation of ESG regulation.
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by Daniela GHETU, 2023-03-09
Motor insurance is a rapidly changing landscape. Changing mobility options, accompanied by fast developing digital technologies and, why not, a bright new vision on the way motor insurers should serve their clients are opening a broad range of possibilities that will be explored at IIF 2023 - MOTOR INSURANCE Conference - "Reshaping motor insurance business", on 5 April, in Vienna.
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MARKETS & TRENDS
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by Daniela GHETU, 2023-03-09
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) fell slightly to 9.2% in January 2023, down from 9.4% in December. Declines in inflation between December 2022 and January 2023 were recorded in half of the OECD countries, compared to two-thirds between November and December 2022. The highest inflation rates were recorded in Hungary, Latvia, Lithuania and Turkiye (all remaining above 20%).
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by Marina MAGNAVAL, 2023-03-09
Inflation remains a key concern for European insurance CFOs, followed by a downbeat economic outlook and market volatility in 2023, according to Moody's annual survey of chief financial officers (CFOs) from 22 leading European insurers.
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ON THE MOVE
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by Andrei Victor, 2023-03-08
Slovene Zavarovalnica Triglav informed, that on 2 March 2023 Blaz Jakic assumed the office on the Management Board of Zavarovalnica Triglav for the five-year term of office.
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by Marina MAGNAVAL, 2023-03-09
The Supervisory Board of Allianz Hrvatska approved appointment of Josipa Parac Bistrovic as a new member of the Allianz Hrvatska Management Board. Josipa Parac Bistrovic officially started holding the position on March 3, 2023, with a mandate lasting 3 years and will be responsible for product management, osiguranje.hr reports.
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by Andrei Victor, 2023-03-08
French reinsurer SCOR announced that Alexandre Garcia, previously Head of PR and Corporate Communications, is appointed Group Head of Communications and Public Affairs.
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by Andrei Victor, 2023-03-08
American International Group (AIG) informed that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company, effective March 16, 2023.
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by Andrei Victor, 2023-03-08
Chubb Tempest Re - the reinsurance business of Chubb, - announced that Wayne Ashley has been appointed Division President, Chubb Tempest Re International. He succeeds Stephen Roberts, who is retiring from the company at the end of April.
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EVENTS
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CURRENT XPRIMM REPORTS
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