TOP NEWS
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by Daniela GHETU, 2024-01-17
80% of CEOs of P&C and life insurance company that have participated in a survey conducted by the Geneva Association, acknowledge that the development and wide-scale deployment of climate technologies are key to achieving the energy transition and industrial decarbonization.
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by Andrei VICTOR, 2024-01-16
According to Munich Re, worldwide, natural disasters in 2023 resulted in losses of around USD 250 billion (similar with previous year), with insured losses of USD 95bn (previous year USD 125 billion).
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by Andrei VICTOR, 2024-01-16
Lloyd’s of London has published a new report - On the move - which explores the biggest threats to supply chains in transportation and logistics – an industry which underpins USD 89 billion of global trade and has a market value of USD 9.7 trillion.
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by Andrei VICTOR, 2024-01-16
According to global reinsurer Munich Re, the series of earthquakes in southeast Turkey and Syria in February was the last year’s most destructive natural disaster.
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by Marina MAGNAVAL, 2024-01-16
According to the statistics of the Traffic Insurance Fund (LKF), 34,300 traffic insurance cases took place in Estonia last year with a total loss of EUR 72 million. In addition, Estonian vehicles caused 2,600 traffic accidents abroad, the total damage of which reached EUR 11 million, the Fund reports.
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by Marina MAGNAVAL, 2024-01-16
The two most important factors for Latvians when choosing an insurance company are the price and the insurance contract terms, according to the insurance industry study conducted by the research center SKDS in November 2023, the Latvian Insurers Association (LAA) reports.
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by Marina MAGNAVAL, 2024-01-16
In 2023, vehicle owners paid about EUR 87 million for motor liability insurance. Of that amount EUR 21 million was paid for Green Card policies, according to the Insurance Supervision Agency (ISA).
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by Daniela GHETU, 2024-01-17
Following the acquisition by Vienna Insurance Group of the Aegon companies in Central and Eastern Europe, operation completed in June 2023, the insurance portfolio of the Romanian Aegon branch will be transferred to ASIROM Vienna Insurance Group.
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by Daniela GHETU, 2024-01-17
The European Insurance and Occupational Pensions Authority (EIOPA) in the beginning of the year the results of a Europe-wide comparative study on non-life underwriting risk in internal models. While the study showed the most undertakings’ capital allocation has been stable, it also revealed that some companies rely too much on uncertain future profits when calculating premium risk and thus underestimate their capital requirements.
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by Daniela GHETU, 2024-01-17
One in five sports accidents happens to skiers, a study performed by the German Insurers’ Association (GDV) shows. For around 7,100 accidents per ski season, private accident insurers paid an average of EUR 7,750 per accident, accident insurers’ claims statistics for 2017–2021 reveal.
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by Marina MAGNAVAL, 2024-01-16
In 2023, as part of the pilot agroinsurance program, all 13 agricultural crops included in the program were insured, and the total area of insured land reached 11,000 hectares, ArmInfo writes with reference to the press service of the Ministry of Economy of Armenia.
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by Marina MAGNAVAL, 2024-01-16
According to the National Bank of Moldova, at the end of the 3Q2023, total assets of insurance companies amounted to MDL 4.78 billion (~EUR 0.25 billion), which is 3.7% (MDL 170.5 million) more compared to the previous quarter, bizlaw.md writes.
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by Andrei VICTOR, 2024-01-16
Generali enhances its strategic position in China, becoming the 100% shareholder of Generali China Insurance Company Limited (GCI), leveraging its market presence and platform for future growth.
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ON THE MOVE
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by Andrei VICTOR, 2024-01-16
The Supervisory Board of Allianz SE intends to propose to the Annual General Meeting on May 8, 2024 that Jorg Schneider and Stephanie Bruce be newly elected to the Supervisory Board of Allianz SE as shareholder representatives.
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MARKETS & TRENDS
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by Marina MAGNAVAL, 2024-01-16
As we enter 2024, 2023-2024 GRPS (Global Risks Perception Survey) results highlight a predominantly negative outlook for the world over the next two years (84% respondents are concerned) that is expected to worsen over the next decade (92% are pessimistic), according to the Global Risks Report 2024, developed by the World Economic Forum in collaboration with Zurich and Marsh McLennan.
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by Andrei VICTOR, 2024-01-16
The World Economic Forum’s Global Risks Report 2024 produced in partnership with Zurich Insurance Group and Marsh McLennan warns of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. Against a backdrop of systemic shifts in global power dynamics, climate, technology and demographics, global risks are stretching the world’s adaptative capacity to its limit.
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STATISTICS
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by Andrei VICTOR, 2024-01-16
The insurance market of Serbia ended the first three quarters of 2023 with aggregate GWP worth RSD 115.61 billion (~EUR 986.47 million, up by 16.32% y-o-y), of which non-life insurance - RSD 94.19 billion (+18.97%), while the life insurance segment totaled RSD 21.42 billion, up by 5.94% y-o-y.
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by Marina MAGNAVAL, 2024-01-16
The CIS regional insurance market* ended the first three quarters of 2023 with a decrease in euro by 26.42% y-o-y, amounting to EUR 20.58 billion, according to xprimm statistics.
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EVENTS
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CURRENT XPRIMM REPORTS
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