TOP NEWS
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by Marina MAGNAVAL, 2023-09-25 The third conference "Days of Insurance in Bosnia and Herzegovina" was held on September 21 and 22 in Sarajevo. The event organized by the Association of Insurance Companies in the Federation of BiH (UDOFBiH) gathered over 200 participants - domestic and foreign experts from the insurance industry.  More
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by Daniela GHETU, 2023-09-28 The World Forum for Catastrophe Programs, a prestigious gathering of professionals dedicated to enhancing global resilience, recently convened in Bucharest, Romania, from September 19th to 22nd, 2023, the meeting being held at the end of Romania’s rotative presidency of the WFCP. This annual event brought together more than 20 professionals from 15 countries, fostering collaboration and knowledge-sharing among experts in the field of catastrophe risk management. More
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by Marina MAGNAVAL, 2023-09-25 From January to August 2023, 15 insurance companies operating in Croatia collected total GWP worth EUR 1.2 billion, of which EUR 196.2 million (17.0%) related to life insurance and EUR 980.1 million (83.0%) to non-life insurance, the Croatian Financial Services Supervisory Agency reports. More
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by Marina MAGNAVAL, 2023-09-25 All non-life insurance companies paid over 9,800 claims worth MKD 312.5 million (EUR 5.1 million) in August of 2023 alone. The companies paid for damages covered by insurance 22% (MKD 57.3 million) more than in August of 2022, according to the preliminary data submitted to the Insurance Supervision Agency (ISA) by all 11 non-life companies, the ISA said. More
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by Marina MAGNAVAL, 2023-09-25 Vienna Insurance Group is consolidating its operations on the Polish market, which means that instead of the current six insurance companies, only three will operate. The aim is to make greater use of the Polish market potential as one of the key markets for the group, and to strengthen competitive position, Gazeta Ubezpieczeniowa wrote. More
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by Daniela GHETU, 2023-09-28 On 24-26 September, the Second Annual Conference of EERIA - Eastern European Risk and Insurance Association took place in Poznan, Poland, hosted by the local University of Economics and Business (PUEB). Academics and insurance professionals from all over Europe attended the conference. More
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by Andrei VICTOR, 2023-09-27 Fitch Ratings have upgraded Generali’s Insurer Financial Strength (IFS) rating to “A+” from “A” with a stable outlook. More
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by Marina MAGNAVAL, 2023-09-25 In 2023, compared to 2021, the number of agroinsurance contracts doubled, and total insured land increased by 80%, ArmInfo writes with reference to the head of the department for designing programs in agriculture of the Ministry of Economy, Ira Panosyan. More
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by Marina MAGNAVAL, 2023-09-25 During January-August 2023, 20 insurance companies of Azerbaijan collected AZN 846.854 million (~EUR 455.30 million) of GWP, which is 29.3% more than in the same period last year, ABC.AZ writes with reference to the Central Bank of Azerbaijan. More
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by Marina MAGNAVAL, 2023-09-25 The draft law on MTPL will soon be submitted to parliament for consideration. According to the Insurance Supervision Service, after the introduction of compulsory insurance, companies will compensate expenses to victims of road accidents in the amount of up to GEL 35,000 (~EUR 12,191), Business Georgia writes. More
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by Marina MAGNAVAL, 2023-09-25 The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market reported that the XIV International Conference “Insurance in Central Asia” was held on September 20–21, 2023. More
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by Marina MAGNAVAL, 2023-09-25 The TAS insurance group, companies of which are among the top 20 insurers in Ukraine, collected UAH 2223.12 million (~EUR 55.35 million) of GWP for 8 months of this year, which is 48.5% more y-o-y, Forinsurer writes. More
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TOP EVENT
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Insurance Conference of Moldova announced for 17 October, in Chisinauby XPRIMM Teams, 2023-09-21The 2023 edition of the Insurance Conference of the Republic of Moldova will take place on 17 October, in Chisinau. Organized by XPRIMM, the event benefit from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets. More
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STATISTICS
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by Andrei VICTOR, 2023-09-28 Hungarian insurers' end-June 2023 GWP decreased by 0.8% y-o-y to HUF 779 billion (EUR 2.1 billion), according to the quarterly statistics published by the National Bank of Hungary (MNB). More
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by Andrei VICTOR, 2023-09-27 Polish insurance market reported 1H2023 aggregate GWP worth PLN 40 billion (EUR 8.8 billion), 10% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). More
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by Andrei VICTOR, 2023-09-27 According to the 1H2023 figures published by the National Bank of Slovakia, the insurance market totaled at the end of June EUR 983.5 million (up by 0.9% y-o-y), while gross claims paid by insurers were about ~EUR 459 million (down by 19% y-o-y). More
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ON THE MOVE
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by Andrei VICTOR, 2023-09-27
Allianz Commercial has announced changes to the Board of Management of Allianz Global Corporate & Specialty SE “that reflect its strategy of integrating the Allianz Mid Corporate business alongside its Large Corporate and Specialty portfolios to create one face to market across its eleven trading regions”.
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by Andrei VICTOR, 2023-09-27
American International Group informed that Edward L. Dandridge has joined the company as Executive Vice President and Chief Marketing & Communications Officer, effective October 16, 2023. He will report to Peter Zaffino, Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.
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EVENTS |
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CURRENT XPRIMM REPORTS
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