TOP NEWS
|
|
|
by Daniela GHETU, 2023-08-31 While supportive of the goals of the European Commission's Retail Investment Strategy (RIS) published in May this year, European insurers are concerned that some of the proposals will make it much more complicated for consumers to invest and, subsequently, discourage them from doing so or steer consumers towards buying the cheapest, rather than the best, product.  More
|
|
|
by Andrei VICTOR, 2023-08-28 In 2022, firefighters went to almost 21 thousand fires with a total damage of almost CZK 5.3 billion (~EUR 220 million). But, according to an analysis conducted by the Czech Association of Insurance Companies, only a quarter of them were insured. As a result, more than CZK 1.7 billion (EUR 70 million) could have been paid out by insurers. More
|
|
|
by Marina MAGNAVAL, 2023-08-31 In 1H2023, 16,900 traffic insurance events took place in Estonia, of which 12,300 or 73% were caused by passenger vehicles. More
|
|
|
by Marina MAGNAVAL, 2023-08-31 In July 2023 medical expenses dominate the structure of claims paid for voluntary insurance, followed by motor vehicle insurance claims for which local insurers paid EUR 0.98 million (MKD 60.61 million) in July, the ISA (Insurance Supervision Agency) said. More
|
|
|
by Andrei VICTOR, 2023-08-28 Slovene re/insurance group SAVA informed that its management board estimates that the profit for 2023 will be approximately 25% lower than planned, or around EUR 40 million, due to the impact of the storms and floods. More
|
|
|
by Andrei VICTOR, 2023-08-28 UNIQA announced is selling its 75% share in the Russian company Raiffeisen Life to the Russian insurance company Renaissance Life, along with AO Raiffeisenbank, which belongs to the Raiffeisen Bank International Group and owns the remaining 25% of the shares. More
|
|
|
by Andrei VICTOR, 2023-08-28 Austrian insurer UNIQA informed that during H1 2023 its premiums written rose by 7.9% to EUR 3,707.3 million vs. EUR 3,436.0 million a year before. “Above all, property and casualty insurance and health insurance contributed to this very pleasing growth”. More
|
|
|
by Marina MAGNAVAL, 2023-08-29 In Azerbaijan, with the joint cooperation of the Central Bank of Azerbaijan, the Association of Insurers and the Compulsory Insurance Bureau, the "Insurance Festival" was organized for the first time, Trend writes. More
|
|
|
by Marina MAGNAVAL, 2023-08-28 On September 20-21, 2023 in Almaty, at the Intercontinental Almaty hotel, the XIV International Conference "Insurance in Central Asia" will be held. More
|
|
|
by Marina MAGNAVAL, 2023-08-29 The total revenues of the insurance sector in January-June 2023 in Kyrgyzstan amounted to KGS 1.8 billion (EUR 18.90 million), which is approximately 54% more y-o-y (KGS 1.16 billion), according to the National Statistical Committee of the Kyrgyz Republic. More
|
|
|
by Marina MAGNAVAL, 2023-08-31 The National Bureau of Statistics of Moldova? reported that from January to June 2023, total income and expenses of insurers increased by 27.4% and 25.9% y-o-y, respectively. More
|
|
|
by Marina MAGNAVAL, 2023-08-31 According to the National Bank of Ukraine (NBU), in 2Q2023 the non-bank financial sector of Ukraine underwent a variety of changes, with the majority of sectors reporting a growth of their assets, Interfax reports, citing the NBU’s non-bank financial sector review. More
|
|
|
by Daniela GHETU, 2023-08-31 “Reinsurance Café CIS” LLC is the first reinsurance brokerage company in the history of Kyrgyzstan. The company started its operations on January 1st, 2023. More
|
ON THE MOVE
|
|
|
|
by Andrei VICTOR, 2023-08-28
Süha ÇELE joined Eureko Sigorta in 1999 and has been Chief Operating Officer with corporate sales responsibility and member of the Executive Board for the past ten years. He has also several responsibilities in the market, and he is a board member of the motor bureau and the agricultural pool.
|
|
|
|
by Andrei VICTOR, 2023-08-28
Martijn Hoogeweegen, currently Head of NN Life & Pension Services, will be appointed CEO of NN Belgium as of 1 September, subject to regulatory approval.
|
|
INTERVIEW
|
|
|
|
|
by Daniela GHETU, 2023-08-31 We are dedicated to supporting local and regional companies in the CEE region, leveraging our global experience and dedicated teams of professionals to provide tailored solutions that meet the specific needs of clients in each market. More
|
MARKETS & TRENDS |
|
|
|
|
by Daniela GHETU, 2023-08-31 Secondary perils, namely the natural risks producing small to mid-sized loss events, were initially called so to diferentiate them from the primary perils, those of catastrophic dimensions and nature as earthquakes and huricanes. Nowadays, their cumulated impact became similar to a “Death by a Thousand Cuts” scenario, an article of Moody’s RMS blog reads. More
|
|
|
by Daniela GHETU, 2023-08-31 As Nat Cat business has become largely loss-making in recent years after many years of soft market, global reinsurers are cutting back on the cover they provide against medium-sized natural catastrophe risks, mostly by tightening T&C, Fitch Ratings says, adding that under the investors’ pressure reinsurers are looking now to other parts of the market showing better profitability. More
|
STATISTICS |
|
|
by Marina MAGNAVAL, 2023-08-31 Azerbaijan's insurance market ended 1H2023 with an increase of 32%, reaching AZN 648.95 million (EUR 350.38 million). At the same time, the growth of paid claims was less significant (+28.65%), their total volume reached AZN 225.03 million (EUR 121.50 million), according to the data published by the National Bank. More
|
|
|
by Marina MAGNAVAL, 2023-08-31 The insurance market of Ukraine in 1H2023, according to data published by the National Bank (NBU), saw an increase of 21.33%. The total GWP increased to UAH 21.35 billion (EUR 533.86 million). More
|
|
|
|
|
|
EVENTS |
|
|
CURRENT XPRIMM REPORTS
|
|
|
