TOP NEWS
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by Daniela GHETU, 2023-11-03 Swiss Re reported a net income of USD 2.5 billion in 9M 2023, with a profit of USD 1 billion in the third quarter. All businesses contributed to the strong result. Swiss Re maintains its guidance for full-year targets, including a Group net income of more than USD 3 billion.  More
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by Daniela GHETU, 2023-11-08 Munich Re recorded a net result of EUR 1,169 million in Q3 2023, slightly above the EUR 1,102 million in Q3 2022, and EUR 3,593 million in 9M, which is 14% less y-o-y. As such, closing a third consecutive quarter with a net result surpassing the pro-rata guidance, Munich Re raised its annual guidance. More
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by Marina MAGNAVAL, 2023-11-06 The agricultural insurance system in Azerbaijan covers 96% of arable land, as stated by Firdovsi Agashirinov, Deputy Chairman of the Board of the Agricultural Insurance Fund of Azerbaijan, Trend reports. More
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by Marina MAGNAVAL, 2023-11-06 For 9M2023, MTIBU made over 5.6 thousand payments from the Bureau’s Victim Protection Fund for a total amount of UAH 326.6 million (~EUR 8.33 million), which is 4.8% more compared to 2021 number-wise, and 61.6% more amount-wise. More
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by Marina MAGNAVAL, 2023-11-06 MTIBU (Motor (Transport) Bureau of Ukraine) has concluded a Memorandum of Partnership with all local professional associations of insurers: the National Association of Insurers of Ukraine, the Insurance Business Association, and the League of Insurance Organizations of Ukraine, according to a press release from MTIBU, according to the MTIBU press release. More
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by Andrei VICTOR, 2023-11-06 In the first nine months of 2023, Adris grupa - grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region)- recorded EUR 815 million in total revenue, which is 15% higher compared to the same period last year. More
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by Daniela GHETU, 2023-11-08Industry insured losses due to wind from Winter Storm Ciaran (also named Emir by the Free University of Berlin) will range between EUR 800 million and EUR 1.3 billion, the majority of which are expected in France, the leading global data analytics and technology provider Verisk estimates. More
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by Daniela GHETU, 2023-11-08 As the storm "Ciaran" caused heavy rains and therefore floods throughout Albania, the local insurers’ association brought once again to the attention the issue of the low insurance coverage of the Albanian homes. More
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by Marina MAGNAVAL, 2023-11-06 At the end of the harvest season, the Latvian Insurers' Association (LAA) collected data on agricultural insurance - Latvian insurers paid out EUR 18.5 million to farmers in 8 months this year, which is 30% more y-o-y. On the other hand, in the last two years, the amount has even doubled, the Latvian Insurers Association (LAA) reports. More
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by Marina MAGNAVAL, 2023-11-06 The Polish insurance market remains the largest in Central and Eastern Europe. However, the penetration rate is 2.2%, ranking Poland 53rd in the world, according to Swiss Re, as EMIS (ISI Emerging Markets Group) analysts noted in the "Poland Insurance Sector Report 2023-2024", Gazeta Ubezpieczeniowa writes. More
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by Daniela GHETU, 2023-11-08 The Association of Insurers of Serbia has launched the CarCheck mobile application, which will help citizens with the sale and purchase of used vehicles, the association’s website announced. More
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by Andrei VICTOR, 2023-11-06 Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by the insurance brokerage company Marsh. Q3 2023 marks the 24th consecutive quarter of pricing increases. More
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by Andrei VICTOR, 2023-11-06 American International Group announced that is has successfully completed the previously announced sale of Validus Re to RenaissanceRe. AIG received total consideration of USD 3.3 billion in cash, including a pre-closing dividend, and approximately USD 275 million in RenaissanceRe common shares. More
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by Andrei VICTOR, 2023-11-06 Zurich Insurance Group announced a strategic alliance with Kotak Mahindra Bank Limited, India’s third largest private sector bank by market capitalization, through the proposed acquisition of a 51% stake in Kotak Mahindra General Insurance Company Limited for USD 488 million, through a combination of fresh growth capital and share purchase (subject to regulatory approvals and customary closing adjustments). More
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by Daniela GHETU, 2023-11-08 Root Platform (Root), the low-code, API-first, end-to-end insurance technology platform provider, is proud to announce its first strategic partnership in the UK with Connect by Admiral (Connect), a subsidiary of the leading insurer Admiral Group. More
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INTERVIEW
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by Daniela GHETU, 2023-11-08 The Insurance Conference of Moldova 2023 hosted an interesting moment of sharing the experience accumulated in other insurance markets, similar to the Moldovan one, in their modernization process and preparation for the EU accession. More
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STATISTICS |
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by Andrei VICTOR, 2023-11-06 Kosovo 12th active insurers posted 3Q 2023 Gross written premiums (GWPs) worth EUR 110.1 million, from EUR 98.2 million at the end of September 2022, central bank data showed. More
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by Marina MAGNAVAL, 2023-11-06 The growth of the insurance sector in 3Q2023 exceeded 60% y-o-y, total GWP reached KGS 2.39 billion (EUR 25.39 million). At the same time, paid claims increased by 54%, to KGS 387.36 million (EUR 4.12 million), according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic. More
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ON THE MOVE
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by Andrei VICTOR, 2023-11-06
Marsh McLennan (MMC) announced the appointment of Susan Potter as US and Canada Commercial Officer, effective immediately.
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by Daniela GHETU, 2023-11-08
UNIQA Group announced two changes to the management team, starting November 2023: Cristina Anculescu, previously Member of the UNIQA Asigurari de Viata Board, was appointed Head of Talent & Development for the Group, while Remus LAPUSAN returns to the Board of Directors of UNIQA Asigurari de Viata.
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EVENTS
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by Daniela GHETU, 2023-11-08 On the occasion of The Geneva Association's 50th anniversary, the international association of insurance companies is announcing the Geneva Association Summit 50 on 28 – 29 November 2023, a virtual event that will line up an impressive team of speakers. More
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EVENTS |
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CURRENT XPRIMM REPORTS
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