 TOP EVENTS
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by Daniela GHETU, 2023-03-16
Vienna will host on 4 April, at the Bristol Hotel, the first edition of the ESG IN INSURANCE Conference, organized by XPRIMM, with the kind of support of Vienna Insurance Groups, as Official Partner, and the IUC Group. Participants from 18 countries, representing 36 companies and institutions have also registered.
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by Daniela GHETU, 2023-03-16
Motor insurance is one of the business lines holding a highly relevant share in all markets, especially in the still emerging ones where it actually dominates the market portfolio. As such, all the significant events in this line of business are affecting the market as whole.
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TOP NEWS
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by Daniela GHETU, 2023-03-15
With a premium volume of EUR 12.6 billion, Vienna Insurance Group (VIG) has exceeded the previous year's figure of EUR 11 billion by 14.1%. Profit before taxes amounts to EUR 562 million, which is 10% up y-o-y. Profit after taxes reaches EUR 466 million (+24 y-o-y). The combined ratio of 94.9% is within the target range.
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by Daniela GHETU, 2023-03-15
Italian Generali Group ended 2022 with GWP worth EUR 81.5 billion (+1.5%) and a record operating result of EUR 6.5 million (+11.2%), mainly driven by Life, together with P&C growth. The Combined Ratio was 93.2% (+2.4 p.p.), while the net result grew to EUR 2,912 million (+2.3%).
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by Marina MAGNAVAL, 2023-03-15
By the end of December 2022, the assets managed by Bulgarian insurance companies amounted to about BGN 9.64 billion (EUR 4.9 billion), which represents a decrease of 4.8% y-o-y, SeeNews wrote with reference to the Central Bank.
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by Marina MAGNAVAL, 2023-03-15
The President of the Board of the Association of Serbian Insurers and the President of Dunav osiguranje Ivana Sokovic expects this year to be better than the previous one, she said at the panel on insurance at the 30th Kopaonik Business Forum.
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by Marina MAGNAVAL, 2023-03-15
Last year, the number of complaints received by the Consumer Rights Protection Center (PTAC) about the financial sector decreased, yet the most complained about insurance. PTAC received 220 complaints, or 30% less y-o-y, and the only area where the number of complaints slightly increased was insurance, the Latvian news source wrote.
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by Marina MAGNAVAL, 2023-03-15
At the end of 2022, MTIBU (Motor Transport Insurance Bureau of Ukraine) carried out 5.3 thousand payments from the Bureau's Victims Protection Fund totaling UAH 250.9 million (EUR 6.39 million). Compared to 2021, the number of payments decreased by 25.8%, and the amount decreased by 9.9%, the Bureau said in its press release.
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by Marina MAGNAVAL, 2023-03-15
Insurance companies ARX and ARX Life, which are among the top five leaders in the insurance market of Ukraine, summed up the results of 2022 and were able to achieve high profitability even during these times of maximum uncertainty.
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by Marina MAGNAVAL, 2023-03-15
The leader of the insurance sector of Kazakhstan, EURASIA paid the first KZT 132 million (~EUR 0.27 million) for damages as a result of a series of devastating earthquakes in the south-east of Turkey in early February, Allinsurance.kz reports citing the insurer.
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by Marina MAGNAVAL, 2023-03-16
According to preliminary data, in 2022, the inflow of foreign direct investment in Kyrgyzstan increased by 4% y-o-y to USD 1,046.1 million, the National Statistical Committee of the Kyrgyz Republic reported.
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by Marina MAGNAVAL, 2023-03-15
Total number of concluded insurance contracts in Tajikistan in 2022 reached 2.1 million units, which is 7.3% more y-o-y, Trend reports, with reference to the National Bank of Tajikistan.
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STATISTICS
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by Andrei Victor, 2023-03-15
The Montenegrin market reported a 9.58% y-o-y growth in FY2022 GWP, to EUR 108.28 million, according to the preliminary figures published on the ISA's website.
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by Andrei Victor, 2023-03-15
The GWP of Kosovo insurers increased by 14.14% y-o-y to EUR 134.00 million during January-December 2022 while total gross claims paid increased by 5.41% y-o-y to EUR 64.30 million, as official monthly figures published on the website of the Central Bank showed.
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INTERVIEWS
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by Daniela GHETU, 2023-03-16
Generali Group has solid historical roots in CEE, it is one of the areas where has invested more worldwide in the last ten years, and it sees it as an important area of growth. We contribute with about 5% of the overall Group's premiums and 10% of the operating profit.
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by Daniela GHETU, 2023-03-16
EUROINS Insurance Group has become one of the biggest players in the insurance market, especially in South-eastern Europe where we operate predominantly. Last year our revenue was around one billion euro, and the assets of the group grew to EUR 1.2 billion. We are operating now in Greece, Poland, Romania, North Macedonia, Ukraine, and Georgia. We have operations in Italy and Spain, and we are looking for expansion in Hungary, Czech Republic and Slovakia in order to be close to the countries we are already presented
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EVENTS
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CURRENT XPRIMM REPORTS
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