TOP NEWS
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by Daniela GHETU, 2023-10-23
The latest insurance reports released by XPRIMM were presented in premiere at the Baden-Baden Reinsurance Meeting 2023: XPRIMM Insurance Report CEE, SEE & ex-USSR 1H2023 and the XPRIMM Insurance Profile TÜRKIYE for FY2022 and 1H2023.
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by Andrei VICTOR, 2023-10-25
Insured losses from natural disaster events had reached USD 88 billion by the end of Q3 2023 – 17% higher than the 21st century annual average, according to the Q3 Global Catastrophe Recap report launched by Aon plc.
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by Daniela GHETU, 2023-10-23
“The European market continues to deliver strong results over the cycle, and to differentiate itself within the global (re)insurance landscape,” Guy Carpenter’s Massimo Reina, CEO, Europe said at the Baden-Baden Reinsurance Symposium on hosted by global risk and reinsurance specialist on October 23, focusing on the theme of "Rising to the Exposure Challenge”
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by Daniela GHETU, 2023-10-23
While the current economic environment is still difficult, it brings not only challenges, but also creates opportunities for the re/insurance industry in Europe, said Thorsten STEINMANN, Head P&C Reinsurance Northern, Central & Eastern Europe at the Swiss Re pre-Baden Baden media conference, on 18 October.
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by Daniela GHETU, 2023-10-24
Due to consistently good operational performance in all business segments, in Q3 of 2023 Munich Re posted a preliminary net result of ~EUR 1.2 billion. The result for 9M was thus EUR 3.6 billion, the group announced.
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by Andrei VICTOR, 2023-10-25
The Talanx Group expects to report a net income of more than EUR 1.25 billion for the first nine months of the current financial year 2023 due to a strong operating performance of particularly the primary insurance segments, as the German insurance group informed in a statement.
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by Marina MAGNAVAL, 2023-10-24
On the insurance market of Armenia, MTPL loss ratio continued to grow and reached 66% as of October 1, 2023 (vs 64% a year ago), ArmInfo reports with reference to the Bureau of Motor Insurers of Armenia.
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by Marina MAGNAVAL, 2023-10-25
The budget of the Compulsory Health Insurance Fund in Azerbaijan for 2024 will amount to AZN 2.811 billion (EUR 1.56 billion), ABC.AZ writes with reference to a message from the Ministry of Finance.
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by Marina MAGNAVAL, 2023-10-24
As of July 2023, there were 4.4 million passenger cars in Kazakhstan, which is 11.4% more y-o-y. At the same time, the motor insurance market has also grown noticeably: Motor Hull for January - July 2023 reached a record KZT 63.9 billion (~EUR 0.13 billion), which is 2.4 times more than in the same period last year, Allinsurance.kz wrote.
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by Marina MAGNAVAL, 2023-10-25
Euroins Ukraine, a subsidiary of the European insurance group Euroins Insurance Group (EIG), collected UAH 408 million (~EUR 10.41 million) for the first 9 months of 2023, which is 22% more y-o-y, Forinsurer reports.
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by Marina MAGNAVAL, 2023-10-25
The Hungarian insurance market shows healthy growth in terms of both revenues and profitability, but the decreasing number of intermediaries and low penetration mean challenges for the sector, Ministerial Commissioner Zsolt Kovacs spoke at the conference of the Hungarian Association of Independent Insurance Brokers (FBAMSZ) in Esztergom, Portfolio.hu wrote.
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by Andrei VICTOR, 2023-10-25
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 it signed a joint investment agreement for renewable energy sources with and ENCRO Group.
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INTERVIEW
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by Daniela GHETU, 2023-10-26
“In the last decade, the annual growth rate of the Turkish insurance market was over 20% and over the inflation rate,” Mehmet Akif ERO?LU, Chairman of the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) told XPRIMM in an interview recorded in Bucharest.
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STATISTICS
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by Andrei VICTOR, 2023-10-25
The GWP of Slovenian insurers rose 9.5% on the year in the first six months of 2023, reaching EUR 1.62 billion, according to the end-June 2023 market data from the Slovenian Insurance Association.
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ON THE MOVE
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by Daniela GHETU, 2023-10-23
VIG Re, the reinsurance company of Vienna Insurance Group, announced that Frank REICHELT will join its Supervisory Board, effective of 20 October 2023.
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by Andrei VICTOR, 2023-10-25
Global insurance broker Marsh part of Marsh McLennan, announced the launch of a new Marsh Specialty global cyber practice that integrates all of Marsh’s cyber capabilities across insurance, risk intelligence, incident management, and cybersecurity around the world.
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by Andrei VICTOR, 2023-10-25
Allianz Commercial has appointed Claudia Valencia as Global Head of Portfolio Solutions, joining on January 8, 2024. She will be based in London, and report jointly to Chief Underwriting Officer Shanil Williams and Global Head of Distribution Jeremy Sharpe.
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EVENTS
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“In the last decade, the annual growth rate of the Turkish insurance market was over 20% and over the inflation rate,” Mehmet Akif ERO?LU, Chairman of the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) told XPRIMM in an interview recorded in Bucharest.
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CURRENT XPRIMM REPORTS
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