TOP NEWS
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by Andrei Victor, 2023-05-17
Austrian insurer Vienna Insurance Group informed it launches user-friendly app based on telematics in the Czech Republic
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by Daniela GHETU, 2023-05-18
Croatian motor insurers are preparing to face a new Law on compulsory MTPL. Currently the draft Law is going to the process of public debate, which should be completed by June 3rd. After that the amended Law will be submitted to the Government, and then to Parliament and is expected to take effect already in the fall.
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by Marina MAGNAVAL, 2023-05-17
Croatian insurers are ready to face the upcoming macroeconomic, technological, and regulatory challenges, as was said at the 10th edition of the largest annual gathering - Croatian Insurance Days 2023, organized by the Croatian Insurance Office (HUO) and partners, svijetosiguranja.eu wrote.
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by Daniela GHETU, 2023-05-18
TUW PZUW, the largest mutual insurance company in Poland, part of the PZU financial group, launches "Szpital 360" - a new project that TUW PZUW intends to introduce in medical facilities from September, as a preventive program aimed at developing a medical risk management model in medical entities insured by the company.
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by Marina MAGNAVAL, 2023-05-17
TAS insurance group, which is among the top 5 insurers in Ukraine, collected UAH 659.75 million in 1Q2023 (~EUR 16.51 million), which is 21.6% more than in the same period last year, Forinsirer reports.
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by Marina MAGNAVAL, 2023-05-17
One of the leaders in the insurance sector of Ukraine, ARX ended 1Q2023 with an increase in many indicators. The amount of collected premiums reached UAH 781.6 million (+27%)/~EUR 19.56 million*, and paid claims - UAH 303.5 million, which is 12% more y-o-y, Forinsurer reports. The number of contracts concluded with the company increased by 116%.
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by Andrei Victor, 2023-05-17
German insurance group Allianz informed that at Q1 2023 its total business volume rises 3.9% to EUR 46.0 billion, driven by "the Property-Casualty business segment which benefited from higher prices and volumes. This result was partly offset by lower business volumes in the Life/Health business segment, primarily due to softer single-premium volumes, and a decrease in AuM-driven revenues in our Asset Management business segment".
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by Andrei Victor, 2023-05-17
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported Q1 2023 Total Gross Premium Written (GPW) of EUR 3.736 billion, +20% better than prior year (Q1 2022: EUR 3.118 billion).
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by Marina MAGNAVAL, 2023-05-17
Hannover Re in the first quarter of 2023 generated an increased profit. Group net income rose to EUR 484 million, according to the recent group's quarterly statement.
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by Andrei Victor, 2023-05-17
French reinsurer SCOR posted insurance revenue of EUR 3.92 billion in Q1 2023, down 4.2% compared with Q1 2022. Gross written premiums stand at EUR 4.74 billion, down 0.7% at constant exchange rates (up 0.6% at current exchange rates) compared with Q1 2022. At the same time, the insurer reported group net income of EUR 311 million in Q1 2023, compared with a net loss of EUR -35 million in Q1 2022.
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by Andrei Victor, 2023-05-17
Generali Group, one of the largest global insurance providers, has launched Generali Malaysia following the acquisition of a controlling majority in AXA Affin joint ventures in Malaysia and 100% purchase of MPI Generali Insurans Berhad.
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by Marina MAGNAVAL, 2023-05-17
Swedish Insurance on May 10 hosted its annual conference, the main topic of which was "Crisis and war - what is the role of the insurance industry?", this event gathered about 150 participants.
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TOP EVENT
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by Daniela GHETU, 2023-05-18
"While one of the truly challenging aspects is how to know your client, technology helps insurers a lot when it comes to assessing a driver's risk," says Boguslaw SKUZA, Managing Director, Global Business Development, uAvionics Technologies Ltd Poland, adding that to make thing work well on long term, "it is also very important for the apps you create to be well integrated with the fast-evolving mobile phones."
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MARKETS & TRENDS
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by Daniela GHETU, 2023-05-18
Allianz has published its latest Global Insurance Report, analyzing the development of the insurance market in the world. Here, in brief, the report's findings, as summarized in its introductive chapter.
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STATISTICS
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by Daniela GHETU, 2023-05-18
Albanian insurers recorded GWP worth EUR 45.42 million in Q1 2023, up by 29% y-o-y. In the same period, paid claims rose by 18.3% y-o-y, to EUR 14.23 million. However, one should note that due to the Albanian currency appreciation vs. the precedent year, the growth rates in European currency are significantly higher than those calculated with the premiums and paid claims values denominated in Albanian Lek.
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by Marina MAGNAVAL, 2023-05-17
The insurance sector of Armenia in the first quarter of 2023 grew by 17.24% to AMD 23.81 billion (EUR 48.94 million). At the same time, paid claims' growth slightly outpaced premiums and amounted to 18.70%, as shown by the data on the activities of insurance companies provided by ArmInfo.
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by Marina MAGNAVAL, 2023-05-17
In 1Q2023, the insurance sector grew to KZT 287.35 billion (EUR 590.56 million), which is almost 24% more y-o-y. The main growth driver is voluntary property insurance. At the same time, insurers' paid claims increased by about 37% to KZT 51.22 billion (EUR 105.28 million), as shown by data published by the National Bank.
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EVENTS
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CURRENT XPRIMM REPORTS
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