TOP NEWS
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by Andrei Victor, 2023-06-13
Dutch insurer Aegon announced the completion of the divestment of its businesses in Poland and Romania to Vienna Insurance Group for EUR 125 million.
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by Marina MAGNAVAL, 2023-06-15
In January-May 2023 total GWP of insurance companies operating in Bosnia and Herzegovina's Federation increased 8.6% to BAM 272.7 million (EUR 139.4 million), SeeNews reports referring to official data.
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by Daniela GHETU, 2023-06-15
Two of the three VIG companies in North Macedonia are set to merge: MAKEDONIJA Skopje - VIG will acquire WINNER - VIG Skopje, absorbing it. No details on the merger's calendar are yet available.
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by Andrei Victor, 2023-06-13
Eurohold Bulgaria, one of the largest energy and financial group in CEE, posted an increase in its financial results in the first quarter due to improved profitability of its energy business and stable results from the insurance operations, shows the consolidated report of the company for the period.
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by Daniela GHETU, 2023-06-13
The 35th round of traditional "International Insurance Tennis Tournament" hosted y Milli Re, one of the most well-established sports events in Turkey and one of the longest-running sport events in the sector, took place at Miltas-Suadiye Sports Complex in between 9-11 June 2023.
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by Daniela GHETU, 2023-06-13
According to an updated ranking and analysis completed by Insuramore the value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around USD 17.3 billion in 2022, signifying annual growth in this sector of around 19% before adjusting for inflation.
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by Marina MAGNAVAL, 2023-06-15
At its plenary session on June 13, the National Assembly of the Republic of Armenia started discussions on the draft agreement on the establishment of the Eurasian Reinsurance Company (ERC) presented by the Armenian government, ArmInfo reports.
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by Marina MAGNAVAL, 2023-06-15
Should the Compulsory Insurance Bureau (ISB) be liquidated, this will happen by a special law, as stated in the draft amendments to the Law on Compulsory Insurance, which was considered in the first reading at a parliamentary session, ABC.AZ reports.
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by Marina MAGNAVAL, 2023-06-15
The expenses of Ukrainian insurance companies related to conclusion and renewal of non-life insurance contracts (acquisition costs) for 1Q2023 amounted to UAH 2.58 billion, including remuneration to agents of UAH 2.37 billion, Forinsurer reports.
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by Daniela GHETU, 2023-06-13
UnisonSteadfast, the largest independent network of medium-sized insurance brokers announced that Zurich Resilience Solutions (ZRS), the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), has become a supplier to the global network for risk management services and solutions.
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STATISTICS
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by Andrei Victor, 2023-06-13
The business of Czech insurers member of local professional association - CAP totaled at the end of March 2023 about CZK 42.9 billion (EUR 1.8 billion) up by 5.5% y-o-y, or by CZK 2.2 billion. According to the CAP representatives, "compared to the 8.5% growth rate recorded in the same period last year, or 7% growth achieved at the end of 2022, this is a slowdown in the growth rate of the entire insurance market".
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by Andrei Victor, 2023-06-13
According to the quarterly market data published by SLASPO (Slovak Insurance Association), the January-March 2023 business from the members of the association totaled EUR 710.43 million, up by 4.54% y-o-y.
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by Andrei Victor, 2023-06-13
Total premium generated in the Turkiye insurance market increased in local currency by 140.86% during January-March 2023 to TRY 103.79 billion (EUR 4.98 billion), according to the quarterly figures released by the Insurance Association of Turkey (TSB).
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