TOP NEWS
|
|
|
by Andrei VICTOR, 2023-08-16
The Bulgarian insurance broker SDI becomes part of the American fintech company Acrisure. The transaction is expected to be finalized by the end of September.
More
|
|
|
by Andrei VICTOR, 2023-08-16
Fitch Ratings has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (?IG), part of ?urohold Bulgaria AD. The same rating has been affirmed to the reinsurance company of the group - EIG Re AD.
More
|
|
|
by Andrei VICTOR, 2023-08-16
Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region) informed that, in the first half of 2023 it recorded EUR 435 million in total revenue, which is a growth of 13%.
More
|
|
|
by Marina MAGNAVAL, 2023-08-16
As a result of the storms during the first week of August, about 20,000 claims based on home insurance contracts were received so far by insurance companies that had sent their data to MABISZ (Association of Hungarian Insurers).
More
|
|
|
by Marina MAGNAVAL, 2023-08-16
After a break of six years on the Macedonian life insurance market, a new insurance company has been established in which Slovenian owners invest EUR 4 million. The ISA (Insurance Supervision Agency) issued a permit for this investment, the agency said.
More
|
|
|
by Marina MAGNAVAL, 2023-08-16
In July, the average price of MTPL policy for owners of motor vehicles was PLN 518 (~EUR 117.46), while in the same period of 2022, it was PLN 497, which means that the current premium is 4.9% higher than a year ago, Gazeta Ubezpieczeniowa wrote based on the insurance report of RMF FM and Rankomat.
More
|
|
|
by Daniela GHETU, 2023-08-17
Between 2006 and 2020, compensations paid by Slovenian insurers for damagse caused by natural disasters amounted to EUR 850 million, the Slovenian Agency for Insurance Supervision said. Damages to real estate account for the largest share of the compensations paid, followed by damage to cars.
More
|
|
|
by Marina MAGNAVAL, 2023-08-16
Anadolu Sigorta, Turkiye's second biggest non-life insurer, is expected to report a positive net result in 2023 with underwriting continuing to make heavy losses, reports Middle East Insurance Review citing Fitch Ratings.
More
|
|
|
by Marina MAGNAVAL, 2023-08-16
In the first half of 2023, 29,516 insurance contracts were issued within the Green Card system in Azerbaijan, which is 2.4 times more y-o-y, ABC.AZ reports with reference to the Compulsory Insurance Bureau.
More
|
|
|
by Marina MAGNAVAL, 2023-08-16
In 1H2023, total GWP of ARX and ARX Life (among top 5 insurers in Ukraine) exceeded UAH 1.8 billion, (~EUR 44.91 million) which is 40% more y-o-y. At the same time, total profit of the two companies amounted to UAH 345.4 million, Forinsurer reports.
More
|
|
|
by Daniela GHETU, 2023-08-17
Italian group Generali reported gross written premiums worth EUR 42.2 billion in H1 2023, which is by 3.6% more y-o-y, mainly driven by significant P&C growth (+10.6%). The net result improved to EUR 2,243 million, from EUR 864 million 1H2022.
More
|
|
|
by Andrei VICTOR, 2023-08-16
MARSH McLENNAN (MMC) reported Q2 2023 revenue of USD 5.9 billion, an increase of 9% compared with the second quarter of 2022. Operating income was USD 1.5 billion, an increase of 7% from a year ago. Net income attributable to the Company was USD 1.0 billion, or USD 2.07 per diluted share, compared with USD 1.91 in the second quarter of 2022.
More
|
|
|
by Andrei VICTOR, 2023-08-16
Global re/insurance broker Aon reported Q2 2023 total revenue worth USD 3.17 billion, up by 7% y-o-y, while total operating expenses increased by 2% to USD 2.3 billion.
More
|
|
|
by Daniela GHETU, 2023-08-17
International General Insurance Holdings Ltd. (IGI) reported very good financial results for the first half of 2023, continuibg the trends set by the first quarter of the year. The company is optimistic with regards to the next quarters and year-end results.
More
|
|
MARKETS & TRENDS
|
|
|
by Daniela GHETU, 2023-08-17
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion, nearly 70% in insured losses worldwide in the 1H 2023. This means that insured losses are almost twice as high in a six-month period as the annual average of the last ten years (USD 18.4 billion), Swiss Re said in a recent article.
More
|
STATISTICS
|
|
|
by Andrei VICTOR, 2023-08-17
At the end of March 2023, the insurance market of North Macedonia totaled MKD 3.5 billion (EUR 57 million), up by 17.8% y-o-y, according to quarterly data published by the local Insurance Supervision Agency.
More
|
|
|
by Andrei VICTOR, 2023-08-17
Serbian insurers ended Q1 2023 with total GWP worth RSD 35.9 billion (EUR 306 million), 13.95% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
More
|
|
|
by Andrei VICTOR, 2023-08-17
The Slovenian insurance market totaled EUR 825.3 billion at the end of March 2023, an 8.3% increase y-o-y, according to the Slovenian Insurance Association's quarterly figures. Life insurance GWP posted a negative subunit rate of -0.2% y-o-y to EUR 197.3 million, while the general insurance segment increased by 11.2% y-o-y to EUR 628 million - or 76.1% of total GWP.
More
|
ON THE MOVE
|
|
|
|
by Andrei VICTOR, 2023-08-16
Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions confirmed that Peter Spires has decided to step down as General Counsel to pursue fresh challenges in the Lloyd’s market.
|
|
|
|
by Andrei VICTOR, 2023-08-16
Teodora Petkova, who has been leading starting May 2021 UniCredit's business in Eastern Europe for two years - with direct responsibility for Bosnia and Herzegovina, Bulgaria, Croatia, Romania and Serbia, and joint responsibility for Russia, will now also be responsible for the group's banks in Central Europe.
|
|
|
|
|
|
|
EVENTS
|
|
|
CURRENT XPRIMM REPORTS
|
|
|
