TOP NEWS
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by Daniela GHETU, 2024-03-06
Triglav Group's total business volume rose by 12% to EUR 1,78 billion in 2023, while its earnings before tax amounted to EUR 21.1 million, the unaudited data released by the Group show. The regulated price of supplemental health insurance in Slovenia and record high CAT claims impacted the Group's earnings.
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by Daniela GHETU, 2024-03-07
The Sava Insurance Group achieved strong organic growth in all its operating segments and markets in 2023. Its business volume increased to EUR 910.1 million, up 14.4% on the previous year and 13.8% ahead of plan, the Groups announced in a press release.
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by Marina MAGNAVAL, 2024-03-05
Health insurance is the most popular type of insurance in Latvia. The president of the Association of Latvian Insurers, Janis Abasins, explained the 10% annual increase in health insurance by the fact that employers need healthy employees, lsm.lv wrote.
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by Daniela GHETU, 2024-03-06
Between 1980 and 2020, economic losses caused by natural disasters in Slovenia totaled EUR 3.8 billion. Only 43% of these losses were insured, which corresponds to an amount of EUR 1.6 billion, the figures indicating a significant gap in insurance coverage, data provided by the Slovenian Agency of Insurance Supervision (AZN) show.
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by Daniela GHETU, 2024-03-06
The state of mind health in the world continues to give cause for concern, with almost one third of the global population currently experiencing a mental health condition, according to the fourth iteration of AXA’s Mind Health Report recently released.
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by Andrei VICTOR, 2024-03-05
Zurich insurance group posted FY 2023 Group business operating profit (BOP) up by 21% to a record USD 7.4 billion.
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by Marina MAGNAVAL, 2024-03-05
To compete against international reinsurers’ better prices, and increase profitability, insurers in countries part of the Commonwealth of Independent States (CIS), will likely grow their reinsurance business, but this would also bring new risks. New reinsurance activities will support CIS profitability and enhance their diversification, according to Moody’s analysts, Report informed.
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by Marina MAGNAVAL, 2024-03-05
GWP on voluntary personal life insurance (except for life insurance within the framework of the state educational savings system) in 2023 increased by 19.8%, reaching KZT 225 billion (~EUR 0.45 billion). At the same time, the segment’s share in total market premiums decreased from 20.9% to 18.9%, Allinsurance.kz reports.
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by Marina MAGNAVAL, 2024-03-05
Insurance companies PZU Ukraine and PZU Ukraine life insurance (among the top 25 insurers in Ukraine) have summed up preliminary results for 2023. PZU Ukraine collected UAH 1,869 million (~EUR 44.37 million) in premiums, which means an increase of 46.1% y-o-y, Forinsurer reports.
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by Marina MAGNAVAL, 2024-03-05
Since 2023, the number of online insurance services provided by Uzagrosugurta (O‘ZAGROSUG‘URTA), which is among the top 5 insurance companies in Uzbekistan (based on the 1H2023 results), has increased from 18 to 26, gazeta.uz writes.
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by Andrei VICTOR, 2024-03-05
German insurer Allianz informed that it has completed the acquisition of Tua Assicurazioni S.p.A. from Italian insurer Assicurazioni Generali for a consideration of EUR 280 million. The acquisition was initially reported in October 2023 (click here for details).
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STAND BY UKRAINE
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by Andrei VICTOR, 2024-03-05
Marsh McLennan together with the Ukrainian government and Lloyd’s, announced a major expansion of its Unity insurance facility. Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem.
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ON THE MOVE
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by Andrei VICTOR, 2024-03-05
Polish insurer PZU informed in a statement that on 23 February 2024, the Company's Supervisory Board (SB) dismissed the President of the PZU SA Management Board and other five Members. “The dismissal resolutions did not include information on the reasons for the dismissal and came into force upon adoption”, informed PZU.
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by Andrei VICTOR, 2024-03-05
The Supervisory Board of NN Group has decided to nominate Koos Timmermans for appointment as member of the Supervisory Board for a term of four years, as the Dutch insurer informed in a statement.
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by Andrei VICTOR, 2024-03-05
MetLife announced that Laura Hay has been elected to its board of directors (BoD), effective immediately.
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by Andrei VICTOR, 2024-03-05
Aegon announced that its Board of Directors intends to nominate Lard Friese for re-election as Executive Director and CEO at the Annual General Meeting of Shareholders (AGM) on June 12, 2024, for a further four years.
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TOP EVENT
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by XPRIMM Teams, 2024-03-07
Insurers and pension funds may play an instrumental role in building a more sustainable economy, either by reducing the protection gap or by capitalizing on their status as the largest institutional investors, uniquely positioned to contribute to sustainable economic growth. The ESG IN INSURANCE Conference to be held in Vienna, on 16 April, will approach both these standpoints.
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by XPRIMM Teams, 2024-03-07
In the current economy, one certainty prevails: uncertainty. Everything remains subject to change at any moment, often unfolding in the most unexpected ways. Crisis after crisis, the world appears to endure a perpetual state of uncertainty and upheaval. AM Best’s CEE Insurance Market Briefing – Vienna on Wednesday, 17th April 2024 will investigate the ways of dealing with this status of permacrisis.
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by Daniela GHETU, 2024-03-06
FIAR is pleased to announce that its 25th Edition will take place in Bucharest, Romania, between 26-28 May. Online registration is already opened on the event’s website at an EARLY BIRD discounted rate.
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STATISTICS
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by Andrei VICTOR, 2024-03-05
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.89% y-o-y from EUR 4.84 billion a year before.
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by Marina MAGNAVAL, 2024-03-05
The insurance sector of Kyrgyzstan in 2023 grew by 40.64%, reaching KGS 3.03 billion (EUR 30.82 million).
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EVENTS
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IIF2024 ESG in Insurance Conference
16 April 2024
Vienna Marriott Hotel, Vienna, Austria
Details:
xprimmevents.com
AM Best's CEE Insurance Market Briefing - Vienna
"Navigating geopolitical and emerging risks"
17 April 2024
Vienna Marriott Hotel, Vienna, Austria
Program
Register
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 Conference on Insurance Claims
29 May 2024
Sheraton Hotel, bucharest
Details:
xprimmevents.com
International Insurance Conference of Azerbaijan
20-21 June 2024
Baku, Azerbaijan
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CURRENT XPRIMM REPORTS
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