TOP NEWS
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by Andrei VICTOR, 2023-12-05
Austrian insurer VIG - Vienna Insurance Group informed it has increased its GWP to EUR 10.6 billion (EUR +1.1 billion or +11.4%) after the first nine months of 2023. At the same time, the Group’s solvency ratio remains very high at 303.8%.
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by Daniela GHETU, 2023-12-06
Triglav Group’s total business reached EUR 1,39 billion while GWP increased to EUR 1,28 billion, both indicators seeing a 12% y-o-y growth in the first 9 months of 2023. The group expects business volume to reach EUR 1.6 billion and earnings before tax between EUR 100 million and EUR 120 million in 2024.
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by Andrei VICTOR, 2023-12-05
In January-September 2023 Bulgarian holding Eurohold reported total revenues of more than BGN 2.75 billion (EUR 1.4 billion) and profit before interests, taxes and amortization (EBITDA) at the amount of BGN 415 million (EUR 211.8 million). The net financial result exceeds BGN 218 million (EUR 111.34 million).
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by Andrei VICTOR, 2023-12-05
Swiss Re announces new IFRS targets, including a net income of more than USD 3.6 billion for 2024 and a multi-year ROE of more than 14%, as the global reinsurer informed in a statement.
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by Daniela GHETU, 2023-12-05
The Austrian insurance industry is on a stable and crisis-resistant footing, which is particularly significant in light of the fragile geopolitical situation and the bleak prospects for the economic situation, the Austrian Financial Market Authority (FMA) said in the "2023 Report on the state of Austrian Insurance Sector" it published.
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by Daniela GHETU, 2023-12-05
The average MTPL yearly premium reached EUR 138 (HUF 52,500) in Q3, in Hungary, 12% more y-o-y, the Budapest Business Journal wrote quoting data from the National Bank of Hungary (MNB).
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by Marina MAGNAVAL, 2023-12-05
The National Bank (MNB) wants life insurance policies with a better price-to-value ratio, lower cost and sold without defects on the Hungarian life insurance market, therefore it is working on a new, ethical concept to be introduced on the market, announced Gergo Szeniczey, Executive Director of the MNB at the MABISZ conference, Portfolio.hu reports.
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by Marina MAGNAVAL, 2023-12-05
During 9M2023, insurers operating in Poland paid a total of PLN 12.07 billion (~EUR 2.61 billion) on MTPL and motor insurance. This is PLN 1.2 billion more than a year ago, when companies paid out PLN 10.83 billion, the Insurance Guarantee Fund reported in the latest Information Bulletin of the UFG Information Center, Gazeta Ubezpieczeniowa (Insurance Gazette) wrote.
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by Marina MAGNAVAL, 2023-12-05
All key indicators of the insurance sector's operations in the past ten years have recorded a positive trend and have more than doubled, according to the Chairman of the National Bank of Serbia, Jorgovanka Tabakovic, the Association of Serbian Insurers wrote.
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by Daniela GHETU, 2023-12-06
While reiterating its full support for the European Commission’s commitment to reducing EU reporting burden by 25%, Insurance Europe - the federation of (re)insurance associations – has also expressed its disappointment that EC’s 2024 Work Programme doesn’t include concrete propositions that would materially ensure the 25% target was met for insurers.
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by Daniela GHETU, 2023-12-06
Insurance Europe has called for greater clarity on the definition of ELVs (End of Life Vehicles) and reparability criteria for vehicles used in the European Commission’s proposal circularity requirements for vehicle design and on management of end-of-life vehicles. It argues that the current form would leave ambiguity on several important issues and doesn’t build strong enough reparability criteria.
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by Marina MAGNAVAL, 2023-12-05
The unified MTPL system of the Union State is planned to be launched before October 1, 2024, as reported by the press service of the Parliamentary Assembly of the Union of Belarus and Russia following the meeting of the Parliamentary Assembly Commission on Legislation and Regulations held on November 30 in Minsk, BELTA writes.
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by Marina MAGNAVAL, 2023-12-05
On November 5, 2023, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market approved the rules for a simplified procedure of claim settlement – European Accident Statement, Allinsurance.kz reports with reference to the Agency.
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by Marina MAGNAVAL, 2023-12-05
Based on the results of 3Q2023, MetLife once again confirmed its leadership in the life insurance market in terms of GWP, paid claims, number of insured persons, as well as in terms of financial stability - assets and insurance reserves, Forinsurer wrote.
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by Marina MAGNAVAL, 2023-12-05
On November 28, 2023, UZBEKINVEST, the largest insurance company in Uzbekistan, was the first of the local insurance companies to enter initial public offering (IPO) in the amount of 5% (UZS 14.1 billion/~EUR 1.08 million) of the charter capital on the Tashkent Republican Stock Exchange, the insurer said.
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by Andrei VICTOR, 2023-12-05
Allianz Direct, the Allianz Group's pan-European online insurer, is entering into a partnership with ING in the Netherlands. “This partnership offers companies and entrepreneurs, from sole traders to small- and medium enterprises, access to a wide range of Allianz Direct business insurance products. These insurance policies will be available from mid-2024 through ING's digital platforms”, the German insurer informed in a statement.
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by null, 2023-12-05
Intermap Technologies, a global company in 3D geospatial products and intelligence solutions announced a new collaboration with its partner, Twinn by Royal HaskoningDHV, to offer the global insurance industry enhanced, comprehensive flood, natural hazard and climate change data.
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In Memoriam
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by XPRIMM Teams, 2023-12-05
Florin ANDREESCU, a seasoned professional in the insurance industry, has left an indelible mark on the sector through his dedicated career spanning several decades. His journey, marked by proficiency and commitment, sadly came to an end recently. Florin has been respected and loved by all with whom he has worked or met throughout his life and remains a landmark of integrity and professionalism.
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TOP EVENT
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by Daniela GHETU, 2023-12-06
Just one day after the UN concludes its international climate change conference (COP28) in the United Arab Emirates, Insurance Europe will hold an expert debate in Brussels on climate resilience and adaptation.
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STATISTICS
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by Andrei VICTOR, 2023-12-06
Macedonian insurers reported aggregate nine-months 2023 aggregate GWP worth MKD 10.8 billion (~EUR 176 million), 12.8% more y-o-y, according to the preliminary market figures provided by the Insurance Supervision Agency of North Macedonia.
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by Marina MAGNAVAL, 2023-12-05
The insurance market of Ukraine in January-September 2023 recorded an increase of 19.49%. Total GWP reached UAH 34.14 billion (EUR 885.55 million), according to data published by the National Bank (NBU).
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by Andrei VICTOR, 2023-12-06
The insurance market of Cyprus totaled EUR 870 million at the end of September 2023, increasing by 13.6% y-o-y, according to the quarterly data published by The Insurance Association of Cyprus - IAC.
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ON THE MOVE
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by Andrei VICTOR, 2023-12-05
American International Group (AIG) announced that Rose Marie Glazer, who served as Interim General Counsel since October 1, 2023, has been named General Counsel, with immediate effect, overseeing AIG’s legal, compliance, regulatory and government affairs functions.
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EVENTS
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XPRIMM Time for Business - Romanian Insurance Market in 2024
29 January 2024
Hotel Marshal Garden, Bucharest, Romania
International Conference on Insurance Claims
26 February 2024
Hotel Marshal Garden, Bucharest, Romania
IIF2024 ESG in Insurance Conference
16 April 2024
Vienna Marriott Hotel, Vienna, Austria
20th Anniversary GRAWE Carat Asigurari
23 April 2024
Palace of the Republic, Chisinau, Republic of Moldova
25th International Insurance Reinsurance Forum - FIAR
26-28 May 2024
Hotel Sheraton, Bucharest, Romania
fiar.ro
International Insurance Conference of Azerbaijan
20-21 June 2024
Baku, Azerbaijan
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CURRENT XPRIMM REPORTS
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