TOP NEWS
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by Daniela GHETU, 2024-04-24 With its reports published today for the 2023 financial year, the Vienna Insurance Group (VIG) confirms the preliminary figures communicated on March 12, 2024: strong growth across all segments and divisions, a significant increase in earnings and the clear positioning as number 1 in CEE.  More
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by null, 2024-04-24 Insurance Europe has called on the European Commission to ensure that the forthcoming technical work on Solvency II - the EU's prudential regime that regulates the industry – fully reflects the political agreement made in December 2023. More
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by Marina MAGNAVAL, 2024-04-23 Last year, the insurance market in Bosnia and Herzegovina made a slight but very significant step towards development of non-compulsory insurance. More
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by Marina MAGNAVAL, 2024-04-23 The Latvian Insurers Association (LAA) is organizing for the 19th time the international conference "Insurance and reinsurance in the Baltics", which will be held on April 25, 2024 in Riga, the Association said. More
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by Marina MAGNAVAL, 2024-04-23 After a decline in the value of insurance sales in the banking channel recorded in 2022, last year there was several percent increase in bancassurance due to improved results from the distribution of policies by banks in both sectors, Gazeta Ubezpieczeniowa (Insurance Gazette) wrote. More
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by Marina MAGNAVAL, 2024-04-23 In 2023, Milenijum osiguranje achieved strong growth and business results, and ranked at the very top of insurance companies in terms of service quality, business stability and client trust, the company said. More
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by Andrei VICTOR, 2024-04-23 Generali Group announced that starting June 1st, 2024, it will operate as a diversified financial group focused on two main businesses: Insurance and Asset Management, its activity being divided among five business units and three Regions. More
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by Daniela GHETU, 2024-04-24 With a preliminary net profit of approximately EUR 2.1 billion in the first quarter of 2024, the Munich Re Group has made a strong start to the year, significantly surpassing analysts’ expectations of EUR 1,476 million, the Group announced. More
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by Andrei VICTOR, 2024-04-23 MMC - MARSH McLENNAN posted Q1 2024 consolidated revenue worth USD 6.5 billion, representing an increase of 9% compared with the first quarter of 2023, while operating income rose 12% to USD 1.9 billion. More
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by Andrei VICTOR, 2024-04-23 Allianz Group announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. More
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by redactia@mxp.ro, 2024-04-25 GRAWE Carat, the leader of the insurance market in the Republic of Moldova, celebrated 20 years of successful activity. The anniversary event took place on Tuesday, 23 April at the Palace of the Republic in Chisinau and gathered representatives of the authorities of the Republic of Moldova, Austria and the EU, members of the management of the international concern GRAWE, customers, business partners, employees, and collaborators of the company. More
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by Marina MAGNAVAL, 2024-04-23 During the period from January to February 2024, more than half of the premiums in voluntary personal health insurance fell on just three insurance companies, and the total GWP in the segment increased by one third, reaching KZT 23.1 billion/~EUR 47.25 million (vs KZT 17.3 billion a year ago), Allinsurance.kz wrote. More
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by Daniela GHETU, 2024-04-24 “The flooding this week in the Persian Gulf is a stark reminder that flood risk is a truly global peril,” said Steffi Uhlemann-Elmer, PhD, Director of Model Product Management at Moody’s RMS. More
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by Daniela GHETU, 2024-04-24 A new study by AgeCalculator.com reveals that Bulgaria saw the highest increase, of 13.26%, in the average retirement age between 2000 and 2020. Estonia and Latvia complete the Top 3 ranking. Other 4 CEE countries are included in the Top 10. More
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by Daniela GHETU, 2024-04-25 According to an examination of the P&C treaty renewals from January 2024 of the big four European reinsurance groups (Munich Re, Hannover Re, Swiss Re, Scor) by Litmus Analysis, suggest that recent measures to improve the quality of their reinsurance book may be contributing to a more differentiated approach to managing risk appetites and underwriting strategies in the current business environment. More
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STATISTICS
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by Daniela GHETU, 2024-04-25 Polish insurers wrote gross premiums worth EUR 18.14 billion in 2023, 17.6% up y-o-y. With a few exceptions, all business lines saw double-digit growth rates. Paid claims reached EUR 10.17 billion, 7.5% more than in 2022. More
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by Daniela GHETU, 2024-04-25 The Slovene insurance market grew by 9% in 2023, consolidated GWP reaching EUR 3.05 billion, which is 9% more y-o-y. At the same time, paid claims went up by almost 23%, to EUR 2.22 billion, driven by the compensations pai after the floods in June 2023. More
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ON THE MOVE
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by Daniela GHETU, 2024-04-25
Antoine GOSSET-GRAINVILLE mandate as Director and Chairman of the Board of Directors was renewed for a term of four years at the Shareholders’ Meeting held on April 23.
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by Andrei VICTOR, 2024-04-23
CROATIA osiguranje, the largest Croatian insurer and one of the biggest market players in Adriatic Region, announced in a statement published on the ZSE web-site (Zagreb Stock Exchange), that that the Management Board Member Vanco Balen will leave the company.
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by Andrei VICTOR, 2024-04-23
Allianz Commercial (is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks) announced a key appointment to its global Specialty leadership team taking effect immediately.
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by Andrei VICTOR, 2024-04-23
Reinsurer Munich Re announced it strengthens its in-market Underwriting leadership capability in Asia Pacific, Middle East & Africa (APAC MEA).
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by Andrei VICTOR, 2024-04-23
Global re/insurance broker Aon announced that Shailendra Sapra had been named CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s Reinsurance Executive Committee, effective June 1st, 2024.
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by Daniela GHETU, 2024-04-24
Optio Group, the specialty MGA, announced the appointment of Heather Goodhew as an independent non-executive director (INED).
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EVENTS |
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CURRENT XPRIMM REPORTS
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