MARKETS & TRENDS
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by Marina MAGNAVAL, 2023-05-24
The Ukrainian Insurance Business Association participated in Insurance Sweden Annual Conference 2023: Crisis and war - what is the role of the insurance industry? Vyacheslav Chernyakhovsky, general director of the association, presented the topic "How do insurance companies handle the challenges of an ongoing war".
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TOP NEWS
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by Marina MAGNAVAL, 2023-05-25
On May 17, 2023, the next edition of the annual award ceremony in the insurance sector and the pension insurance - "Insurer of the Year", "Pension Insurance Company of the Year", "Insurer broker of the Year" 2022 took place in Bulgaria, ABZ (Association of Bulgarian Insurers) reports. The best performing companies from the insurance and pension insurance sector in 2022 were honored.
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by Daniela GHETU, 2023-05-25
The Insurance Supervision Agency of Slovenia announces the international conference on September 11, 2023 which will focus on artificial intelligence and its role in the insurance industry. Registrations are opened online here.
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by Marina MAGNAVAL, 2023-05-25
From January to April 2023, the MTPL loss ratio in Armenia decreased to 62% vs 67% in January-April 2022, which is even lower than the pre-Covid 73% in January-April 2019, ArmInfo reports.
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by Marina MAGNAVAL, 2023-05-24
The key market drivers in 2022 were MTPL, Green Card and Motor Hull. Their total share exceeded 49% of the market portfolio. In 2022 MTIBU member insurance companies settled 110.6 thousand claims (-36.2% y-o-y) and paid about UAH 2.8 billion (-24.1%) to road accident victims, as was noted at the MTIBU General Meeting on 18th of May 2023.
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by Marina MAGNAVAL, 2023-05-24
According to the National Bank of Tajikistan, for the first nine months of 2022, assets of insurance (reinsurance) organizations amounted to TJS 612.3 million (~EUR 63.84 million). The share of insurers' assets for the period was equal to 0.6% of GDP.
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by Marina MAGNAVAL, 2023-05-24
Insurance Europe's recently published paper, that examines the impact of the different positions taken on the Data Act proposal by the European co-legislators in the trialogue discussions, sets out the insurance industry's positions on amendments proposed in relation to compensation, data use, trade secrets and data-sharing between businesses and governments.
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by Andrei Victor, 2023-05-24
In Q1 2023, German reinsurer Munich Re generated a net result of EUR 1,271 million vs. EUR 1,480 million a year before.
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by Marina MAGNAVAL, 2023-05-25
Zurich's Property & Casualty insurance revenue in 1Q was up 7%, driven by strong growth in commercial insurance and further improvement in pricing. Capital position was estimated at 258% as of March 31, 2023.
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by Andrei Victor, 2023-05-24
French insurer AXA informed it closed Q1 2023 with business worth EUR 31.8 billion, up from EUR 31.2 billion a year before, of which Property & Casualty - EUR 18.6 billion, Life & Health - EUR 12.8 billion, Asset Management - EUR 0.4 billion.
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by Andrei Victor, 2023-05-24
German insurer Talanx Group announced in a statement it grew its insurance revenue and Group net income in the first three months of 2023.
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by press.release, 2023-05-24
Cegeka, a European ICT service provider with headquarters in Belgium, has announced its expansion to Greece with the opening of a new office in Athens. This new location will serve as Cegeka's fourth country of their European Delivery Center after Romania, Moldova and the Czech Republic.
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TOP EVENT
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by Daniela GHETU, 2023-05-25
With legislation changes ahead and two recent big bankruptcies as a heritage of the last years, the Romanian insurance market is going through a reset moment, going back to reinvent itself on new basis, striving to rebuild customers trust and developing business on better, more sustainable basis. The four conferences of the International Insurance-Reinsurance Forum, FIAR 2023 will analyze the current situation and the market perspectives, inventorying the opportunities for future development.
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STATISTICS
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by Andrei Victor, 2023-05-25
The business of Montenegrin insurers increased by 13.83% y-o-y in the first quarter of 2023, reaching EUR 30.61 million, as preliminary official figures showed.
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by Daniela GHETU, 2023-05-25
Thanks to the positive, double digit growth rate recorded for the non-life segment, which offset the significant fall of the life insurance business, the Croatian insurance market saw in the first quarter of the year a very modest, but positive dynamic. GWP increased, overall, by 1.5% y-o-y, to EUR 411.16 million.
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by Andrei Victor, 2023-05-25
The Serbian insurance market ended 2022 with aggregate GWP worth RSD 134 billion (EUR 1.14 billion), up by 12.16% y-o-y, according to the NBS's (National Bank of Serbia) year-end figures.
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by Marina MAGNAVAL, 2023-05-25
The growth of the insurance sector in 1Q2023 reached 50% y-o-y, GWP increased to KGS 702.08 million (EUR 7.38 million).
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ON THE MOVE
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by Marina MAGNAVAL, 2023-05-25
A new composition and chairman of the ABZ (Association of Bulgarian Insurers) Board were elected at the Association's annual meeting on May 17, 2023, ABZ announced on its website.
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by Andrei Victor, 2023-05-24
Reinsurance broker Guy Carpenter, par of Marsh McLennan, announced the appointment of Anders Nises as CEO of the Nordics region.
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EVENTS
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CURRENT XPRIMM REPORTS
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