TOP NEWS
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by Daniela GHETU, 2024-01-25
Europe’s insurance industry, together with nine other European associations representing independent automotive service providers and consumers, have called on the European Commission’s President, Ursula von der Leyen, to urgently deliver much needed EU legislation on access to vehicle data.
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by Daniela GHETU, 2024-01-25
Weather extremes such as storms, hail, floods caused by heavy rain and massive drought caused enormous damage in Austria in 2023, while GeoSphere Austria issued last year the highest warning level for a municipality around 200 times. The insurance industry expects further record claims figures for 2024 in view of the increasingly clear effects of climate change.
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by Marina MAGNAVAL, 2024-01-23
The Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina and the Agency for Identification Documents, Registers and Data Exchange of Bosnia and Herzegovina (IDDEEA BiH) signed an agreement on permanent access to data from the records of registered vehicles and registration documents on January 19, the regulator said on its website.
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by Daniela GHETU, 2024-01-25
Bosnia-based insurer Croatia osiguranje dd Mostar, a subsidiary of the Croatian insurance market leader, announced an offer to take over Croatia-Remont dd Capljina, osiguranje.hr reported.
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by Marina MAGNAVAL, 2024-01-23
Croatia’s top insurance company Croatia Osiguranje last week informed that its management and supervisory boards will propose to the shareholders to distribute EUR 65 million in dividend on preferred and ordinary shares (EUR 151.27 per share) from retained earnings from previous years, SeeNews wrote.
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by Daniela GHETU, 2024-01-25
The total premium collected by insurance companies in 2023 was EUR 1.7 billion, 7.1% up y-o-y. Out of this total, 18.4% (EUR 0.3 billion) refers to life insurance premiums, while non-life insurance premiums account for 81.6%, or EUR 1.4 billion. Paid claims increased by +13.6% y-o-y, amounting to EUR 1.2 billion, HANFA – the Croatian FSA, said.
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by Daniela GHETU, 2024-01-25
Starting from January 22, 2024, the insurance brokerage company UNIBROKKER INSURANCE & CONSULTING and its employees will merge with R&D Insurance Broker, a subsidiary of RENOMIA, the leading insurance broker in Central Europe, the Latvian broker announced. The combined company will become the premier service provider in Latvia.
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by Marina MAGNAVAL, 2024-01-23
ERGO Hestia is among the best employers in Poland for the third year in a row. The insurer received the prestigious Top Employer Polska 2024 award, the company said in its statement.
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by Andrei VICTOR, 2024-01-23
The Slovenian insurer Zavarovalnica Triglav has been notified that the Slovenian Insurance Supervision Agency has issued an ex officio decision prohibiting Vinko Letnar, currently listed in the company register as a member of the Supervisory Board of Zavarovalnica Triglav, from fulfilling the role of a Supervisory Board member due to non-compliance with statutory requirements.
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by Andrei VICTOR, 2024-01-23
The largest public holding company in Bulgaria – Eurohold – the owner of Euroins Insuran Group (EIG), is one of the most liquid companies on the Bulgarian Stock Exchange (BSE) for another year. In 2023, the holding is the second most liquid stock due to active trading of its securities.
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by Marina MAGNAVAL, 2024-01-23
NN Hellas has been recognized as Top Employer 2024 for another year, confirming its commitment to creating a model working environment. It is the only insurance company recognized for the 6th year in a row as a top employer in Greece, insurancedaily.gr writes.
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by Daniela GHETU, 2024-01-25
The German insurance industry performed well in the past financial year, recording GWP worth EUR 224.7 billion across all lines of business, up by 0.6% y-o-y, and is cautiously optimistic about the current year 2024, the Association of German Insurers said. For this year, the sector expects premium growth of 3.8% against the backdrop of rising nominal wages and easing inflation.
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by Andrei VICTOR, 2024-01-23
Following a successful one-year pilot project, Austrian insurer UNIQA Insurance Group AG announced it will become a permanent member of the Eurapco Alliance in 2024.
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by Marina MAGNAVAL, 2024-01-23
In 2023, MTIBU (Motor (Transport) Insurance Bureau of Ukraine) made 7,524 payments from the Victim Protection Fund for a total of UAH 436.8 million (~EUR 10.37 million). The number of regulatory payments increased by 30% y-o-y, and the amount increased by 42.5%, Forinsurer reports.
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by Marina MAGNAVAL, 2024-01-25
According to preliminary estimates, in 2023 the insurance market in Georgia exceeded GEL 1 billion (~EUR 0.33 billion). The insurance profit of 18 companies amounted to GEL 250 million, which is 19% more than in 2022, commersant wrote.
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by Daniela GHETU, 2024-01-25
Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance Special Purpose Arrangement (“SPA”) at Lloyd’s, in partnership with Apollo through its Strategic Partner Syndicates business and Apollo Syndicate 1971. The SPA launched on 1st January 2024 with Chris BADDELEY in the role of active underwriter, based in London.
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by null, 2024-01-25
AM Best has released its revised Best's Credit Rating Methodology (BCRM) and the criteria procedure, "Available Capital and Insurance Holding Company Analysis" (formerly known as "Available Capital and Holding Company Analysis").
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TOP EVENTS
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by XPRIMM Teams, 2024-01-25
Mrs. Petra HIELKEMA, Chairperson, EIOPA and Mr. Hartwig LÖGER, CEO & Chairman of the Board, Vienna Insurance Group have will be the Keynote Speakers at the second edition of the ESG IN INSURANCE Conference, to be held in Vienna, on 16 April.
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MARKETS & TRENDS
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by Andrei VICTOR, 2024-01-23
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer.
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STATISTICS
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by Andrei VICTOR, 2024-01-23
The Czech insurance market ended the third quarter of 2023 with GWP worth CZK 160.9 billion (EUR 6.6 billion), up by 6.1% y-o-y, according to the end-September figures published by the Czech National Bank (CNB).
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by Andrei VICTOR, 2024-01-23
During Q1-Q3 2023, the Slovak insurance market totaled EUR 1.46 billion, 1.46% more y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).
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ON THE MOVE
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by Daniela GHETU, 2024-01-25
Mario GRECO, CEO of Zurich Insurance Group, has been honored with the prestigious Insurance Leader of the Year Award for 2023 by St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science, which is part of The Peter J. Tobin College of Business. The annual award ceremony was held on January 23, 2024, in New York.
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EVENTS
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XPRIMM Time for Business - Romanian Insurance Market in 2024
5 February 2024
Hotel Marshal Garden, Bucharest, Romania
International Conference on Insurance Claims
6 March 2024
Hotel Marshal Garden, Bucharest, Romania
IIF2024 ESG in Insurance Conference
16 April 2024
Vienna Marriott Hotel, Vienna, Austria
Details:
xprimmevents.com
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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