TOP NEWS
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by Andrei VICTOR, 2023-11-14
Austrian insurer VIG - Vienna Insurance Group informed is strengthening exchange between its Group companies with the newly created department “CO3” – communication, collaboration & cooperation. “The focus is on boosting cross-border know-how sharing as well as on intensifying cooperation between VIG companies located in the same country, thereby enhancing the local multi-brand strategy”.
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by Daniela GHETU, 2023-11-15
The leading Czech insurance broker RENOMIA has bought a stake in the Austrian company Steinmayr & Co and is thus entering the Austrian market. With this acquisition, the insurance premiums that RENOMIA GROUP manages for its clients in the countries of Central Europe will exceed EUR 800 million.
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by Marina MAGNAVAL, 2023-11-13
According to the Association of Estonian Insurance Companies (EKsL), 30% of the country’s population has life insurance. Last year, collected life insurance premiums reached EUR 60 per person, while non-life insurance amounted to EUR 347 per person, the Association wrote.
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by Marina MAGNAVAL, 2023-11-13
Data collected by the Samar Automotive Market Research Institute (IBRM) shows that during the first three quarters of 2023, 992,552 passenger cars and commercial vehicles with a total permissible weight of up to 3.5 tons were registered for the first time, Gazeta Ubezpieczeniowa writes.
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by Daniela GHETU, 2023-11-13
Moody’s RMS®, the leading risk modeling and solutions company, estimates that insured losses from Windstorm Ciarán, also known as Emir, will likely fall between EUR 0.9 – 1.5 billion (USD 1.0 – 1.6 billion). France accounts for the majority of the loss.
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by Marina MAGNAVAL, 2023-11-13
The health insurance system of Armenia will be launched from mid-2024, AMD 18 billion (~EUR 41.86 million) will be allocated for these purposes, according to the Minister of Health Anahit Avinesyan, ArmInfo wrote.
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by Marina MAGNAVAL, 2023-11-13
In Azerbaijan, in January-September 2023, paid claims in voluntary insurance increased, amounting to AZN 320.15 million (EUR 178 million), which is 29% more y-o-y, ABC.AZ writes with reference to the Central Bank report.
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by Marina MAGNAVAL, 2023-11-13
MTIBU reported that for January-September 2023, over 5.7 million MTPL contracts were concluded, which is 9.3% more y-o-y. However, it still remains 15.7% lower than in the first 9 months of pre-war 2021, according to a press release from MTIBU.
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by Marina MAGNAVAL, 2023-11-13
The National Agency of Prospective Projects (NAPP) has revoked licenses of four insurance companies in Uzbekistan over the past month, gazeta.uz writes, citing the Agency.
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by Daniela GHETU, 2023-11-13
ALLIANZ Group’s total business volume rose by 4.7% to EUR 122.1 billion in the first nine months (9M) of 2023, driven by the P&C business, supported by the L/H business, and partially offset by the development in its Asset Management business segment.
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by Andrei VICTOR, 2023-11-14
German reinsurer Hannover Re informed it has generated a nine-month 2023 profit of EUR 1.4 billion and is thus confirming its Group net income target for the full year.
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by Marina MAGNAVAL, 2023-11-14
In 9M2023 AXA’s GWP and other revenues were up 2% to EUR 78.8 billion. P&C Commercial lines premiums up 9% to EUR 25.8 billion, P&C Personal lines up 5% to EUR 13.9 billion, protection premiums up 3% to EUR 11.5 billion, according to the recent press-release of AXA.
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by Marina MAGNAVAL, 2023-11-14
Property & Casualty insurance revenue of Zurich was up 9% driven by strong growth in commercial and retail insurance, supported by rate increases of 6%. Life new business premiums up 23%. Very strong capital position with Swiss Solvency Test (SST) ratio estimated at 266% as of September 30, 2023, the Group said in its press-release.
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by Andrei VICTOR, 2023-11-14
German insurance group Talanx informed it generated Group net income of EUR 1.28 billion in the first nine months of 2023 and has lifted its full-year earnings forecast to “significantly more than EUR 1.5 billion” on the basis of its strong operating performance.
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ON THE MOVE
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by Daniela GHETU, 2023-11-14
Following the resignation of the former SEDDK President, Mehmet Akif Ero?lu, appointments were made to the chairmanship and membership of the Insurance and Private Pension Regulation and Supervision Board, effective as of today, when they were published in the Official Gazette with the signature of President Recep Tayyip Erdo?an.
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by Andrei VICTOR, 2023-11-14
Global insurance broker Marsh, a business of Marsh McLennan, announced the appointment of John Donnelly as Global Head of Placement, Marsh, effective January 1, 2024.
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by Andrei VICTOR, 2023-11-14
Aegon will propose to its 2024 Annual General Meeting to appoint Albert Benchimol as a non-executive member of the Board of Directors for a four-year term.
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by Daniela GHETU, 2023-11-13
Optio Group, the specialty MGA, today announces the appointment of Steve THOMPSON as head of Accident & Health (A&H) with immediate effect.
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by Daniela GHETU, 2023-11-13
Munich Re’s specialist insurer and provider of inspection and risk management services, HSB (UK and Ireland) has announced the strengthening of its UK Business Development team by appointing Sarah Purnell, Michael Farrugia and Lydia White to support HSB's growth and strengthen its broker partner relationships across the UK.
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by Andrei VICTOR, 2023-11-14
Reinsurance broker Guy Carpenter (GC) part of Marsh McLennan (MMC), announced today the appointment of Michael Shemi as North America Structured Credit Leader, effective immediately.
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TOP EVENT
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by Daniela GHETU, 2023-11-13
Today started in Antalya the second edition of the International Insurance Fair and Congress, an event aiming to bring together the professionals of the sector, increasing their cooperation and increasing the insurance penetration rate (insurance rate) in the society. XPRIMM supports the event as Media Partner.
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by XPRIMM Teams, 2023-11-14
Welcoming the professionals gathered at the International Insurance Fair and Congress’ second edition, ?brahim Temiz, Chairman of the Board of Directors for the organizing body, underscored the fair's pivotal role as a significant platform for all industry stakeholders.
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by XPRIMM Teams, 2023-11-15
The “Leadership Role of Companies in the Future” panel was chaired by the NTV Journalist Noyan Do?an. Panelists discussed about the perspectives of the insurance sector for the next decades, touching topics as the sustainable competition, long-term structuring of the sector, challenges and opportunities, role and impact of distribution agents etc.
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by XPRIMM Teams, 2023-11-15
The main topics of the “Sustainable Insurance in the Future” panel moderated by Mrs. Dilek SAKALLIO?LU, Vice President, SEDDK were digitalization and technology, strong capital, customer satisfaction, data-based business management, education and employment, climate and environment.
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by XPRIMM Teams, 2023-11-15
The second day of the 2nd International Insurance Fair began with a panel titled "The Role of Intermediaries in the Future," emphasizing the significance of agents and brokers in the industry and underscoring that a future without intermediaries is not plausible.
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by XPRIMM Teams, 2023-11-15
The Insurtech Digital Panel in the second day of the International Insurance Fair and Congress in Antalya brought into discussion not only the necessity and benefits of digitalization in insurance, but also some of the most frequently encountered fears about embracing the technological “revolution” in course.
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by XPRIMM Teams, 2023-11-15
The second day of the International Insurance Fair and Congress hosted a panel titled "The Role of Urban Transformation in Disaster Management". During the panel moderated by SEDDK Vice President Mehmet VERIM, top TSB representatives Ahmet YA?AR, Vice President and Atilla Oksay, Deputy General Manager, as well as KENTHA? General Manager Özcan BIÇER and Assoc. Prof. from Marmara University.
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by XPRIMM Teams, 2023-11-15
The second day of the International Insurance Fair and Congress in Antalya hosted several panels of discussions. Panelists discussed the role of insurance intermediaries and technology in the overall development of the market.
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STATISTICS
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by Andrei VICTOR, 2023-11-14
Albanian insurance market posted January-September 2023 GWP of ALL 17.0 billion (~EUR 160 million), or 9.9% more y-o-y, according to the 3Q2023 figures published on the website of the local financial supervisory authority - AFSA.
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by Marina MAGNAVAL, 2023-11-14
At the end of 3Q2023, the insurance sector of Armenia grew by 15.67%, reaching AMD 55.03 billion (EUR 131.85 million), according to the data from the Financial Rating of Insurance Companies provided by ArmInfo.
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CURRENT XPRIMM REPORTS
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