TOP NEWS
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by Marina MAGNAVAL, 2023-04-06
In January-February 2023 GWP of Albanian insurers increased by 19.07% y-o-y to ALL 3.29 billion (EUR 29 million), SeeNews reports citing the official figures.
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by Marina MAGNAVAL, 2023-04-06
In the first two months of 2023, 15 insurance companies operating in the Croatian market, collected EUR 258.3 million, of which EUR 48.1 million (18.6%) were generated in life insurance and EUR 210.1 million (81.4%) - in non-life insurance, svijetosiguranja.eu reports with reference to the data from Hanfa (the Croatian financial services supervision agency).
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by Marina MAGNAVAL, 2023-04-06
According to the Estonian Insurance Association (EKsL), last year 506 insurance frauds were proven with an attempt to defraud EUR 1.4 million. The largest increase of frauds was recorded in home insurance.
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by Marina MAGNAVAL, 2023-04-06
According to the Association of Estonian Insurance Companies (EKsL), insurance companies paid for 29,400 home insurance events last year. This included 1,700 liability insurance cases related to home insurance, where damage was mostly caused to a neighbor. If the average loss in home insurance was EUR 1,430, in liability insurance it reached EUR 1,720.
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by Marina MAGNAVAL, 2023-04-06
In January-February 2023, total GWP of insurance companies operating in Kosovo increased by 11.1% y-o-y to EUR 21.9 million, SeeNews reports citing the Central bank data.
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by Marina MAGNAVAL, 2023-04-06
The Baltic non-life insurance company Lietuvos draudimas ended 2022 with 30% in the country's market portfolio, the company's income grew by 24%, delfi.lt writes citing the insurer's press release.
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by Marina MAGNAVAL, 2023-04-06
The calculations made by Rankomat show that during the first 3 months of 2023 the motor insurance market recorded another drop in prices compared to the same period last year. The average premium decreased by nearly 10%. At the same time, price reductions are not as dynamic as in previous years,
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by Andrei Victor, 2023-04-06
Dutch insurance group Achmea announced its 2022 Gross premium volume increased by 5.3% to EUR 21 billion, while "in line with development financial markets the investment income decreased by EUR 453 million resulting in a lower operational result".
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by Andrei Victor, 2023-04-06
Fitch Ratings has downgraded Euroins Romania Insurer Financial Strength Rating (IFS) to 'CC' from 'B+' and placed it on Rating Watch Evolving (RWE).
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by Andrei Victor, 2023-04-06
Global reinurer Munich Re has discontinued its membership in the Net-Zero Insurance Alliance (NZIA). "In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue our climate ambition to reduce global warming individually," says Joachim Wenning, CEO of Munich Re.
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by Marina MAGNAVAL, 2023-04-06
In 2022, the sales of the PZU Group reached the highest level in the history of the insurer, exceeding the strategic goal. The Group also had high profit and profitability ratio, despite pressure of the Polish economy, Gazeta Ubezpieczeniowa reports.
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by Marina MAGNAVAL, 2023-04-06
As of March 1, 2023, the assets of insurance (reinsurance) companies in Kazakhstan totaled KZT 2.2 trillion (an increase of 4.5% since the beginning of 2023)/~EUR 4.66 billion, mainly as a result of an increase in income from insurance activities, Allinsurance.kz writes with reference to the data of the Agency of the Republic of Kazakhstan for regulation and development of the financial market.
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by Marina MAGNAVAL, 2023-04-06
The Turkish Catastrophe Insurance Pool (TCIP) so far has paid USD 340.36 million (TRY 6.5 billion) on claims for the victims related to the recent earthquakes that occurred in Turkey last month, Reinsurance News reports.
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ON THE MOVE
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by Andrei Victor, 2023-04-06
Allianz Group announced the leadership for four of its largest Property and Casualty Commercial insurance markets: Australia, France, Germany and the United Kingdom.
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by Andrei Victor, 2023-04-06
The Board of Directors of Marsh McLennan (MMC) appointed Judith Hartmann and Ray Young as directors effective immediately. With these appointments, the Company's Board will consist of 15 directors.
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TOP EVENT
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by Daniela GHETU, 2023-04-06
The third edition of the International Insurance Conference of Georgia will take place on 4 and 5 May 2023, in Tbilisi. Organized at the initiative of the State Insurance Supervision Service of Georgia and with the logistical support of XPRIMM, the event will be hosted by the Republic Center and will address some of the most important topics concerning the Georgian insurance market.
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by Daniela GHETU, 2023-04-04
Today takes place in Vienna, at the historic Bristol Hotel, the first ESG IN INSURANCE Conference. Organized by XPRIMM, and with Vienna Insurance Group as Official Partner, the event benfitted also from the support of the Turkish IUC Group.
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by Daniela GHETU, 2023-04-05
How can insurers deal with the current challenges in the motor insurance business and what should they expect from the future, the new capabilities brought by technology and the changing mobility options? Some answers will come today in Vienna, at the Motor Insurance Conference organized by XPRIMM. BAAR is the conference's Official Partner, while RECREX and HELLAS Direct are supporting the conference as partners.
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STATISTICS
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by Andrei Victor, 2023-04-06
Cypriot insurers reported FY2022 aggregate GWP of EUR 1.05 billion, up by 9.5% y-o-y, according to the year-end market figures report published by the Insurance Association of Cyprus - IAC.
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by Andrei Victor, 2023-04-06
According to the YE 2022 MNB (the National Bank of Hungary) statistics, the local insurance market totaled at the end of last year about HUF 1,428 billion (EUR 3.56 billion), up by 7.39% y-o-y. Life GWP increased by 1.02% y-o-y to HUF 609 billion / EUR 1.52 billion while non-life portfolio expanded by 12.68% y-o-y to HUF 819 billion / EUR 2.04 billion. Thus, during the analyzed period, the life insurance business accounted for 42.7% and the non-life insurance business for 57.3% of total GWP.
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by Andrei Victor, 2023-04-06
The Polish insurance market posted FY2022 GWP worth PLN 72.35 billion (EUR 15.42 billion), up by 4.53% y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers increased by 7.46% y-o-y to PLN 44.38 billion or EUR 9.46 billion.
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EVENTS
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CURRENT XPRIMM REPORTS
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