TOP EVENT
|
|
|
by Daniela GHETU, 2024-06-06
Join the 2024 edition of the Azerbaijan International Insurance Forum, on 20 – 21 June, to meet the entire Azeri insurance market and find out about the latest trends in the insurance business in the Caucasus Region.
More
|
|
|
TOP NEWS
|
|
|
by Andrei VICTOR, 2024-06-04
Vienna Insurance Group (VIG) increased its gross written premiums by 11% to EUR 4.29 billion after the first quarter of 2024. This corresponds to an increase of 11% or EUR 426 million compared to the previous year’s figure of EUR 3.87 billion. With a solvency ratio of 262% as of 31 March 2024, the Group continues to be excellently capitalised.
More
|
|
|
by Andrei VICTOR, 2024-06-04
Polish largest insurer PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) informed that on 28 May 28, 2024, the rating agency S&P Global Ratings communicated that the Company's rating outlook has been changed from stable to positive. At the same time, the agency affirmed PZU SA's rating unchanged at “A-”.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
This year insurers in Latvia already paid out about EUR 9 million to farmers for frozen winter crops and other crop damage, according to the data compiled by the Association of Latvian Insurers (LAA), which includes Latvian insurers and one German insurer working in the Latvian agroinsurance market.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
According to the new statistical insurance bulletin of the Slovenian Insurance Association (SIA), in 2023 the market had the highest annual rise since 2007. After two years of negative growth (almost stagnation) life insurance increased, while non-life segment grew for the ninth year in a row.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
The Geneva Association has announced the co-winners of the 2024 Geneva Association Ernst Meyer Prize, which since 1976 has recognized excellent doctoral theses that contribute to the study of risk and insurance economics: Sebastian Hinck (PhD, University of Hamburg) and Jieyu Lin (PhD, Tsinghua University), the association said in its press release.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
Zurich's global startup program crowns nine winners of Innovation Championship 2024. The winners from EMEA, North America, Latin America, and APAC tackle challenges in the fields of Commercial Insurance, Digital Simplification, Life & Health, and Retail P&C, with an additional two wild-card winners, Zurich’s press release says.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
In January-April 2024, the insurance market of Azerbaijan grew by 16% or AZN 75.31 million. At the same time, the best positive dynamics was recorded in voluntary insurance, ABC.AZ reports with reference to the Central Bank of Azerbaijan.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
In the first three months of 2024, GWP of ARX exceeded UAH 946 million (~EUR 22.36 million), which is 21% more y-o-y. At the same time the insurer's paid claims exceeded UAH 431 million (~EUR 10.18 million), Forinsurer reports.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
The National Agency for Prospective Projects (NAPP) of the Republic of Uzbekistan reported that work is underway to revise the MTPL tariffs established back in 2019, the agency said on its website.
More
|
|
|
by Marina MAGNAVAL, 2024-06-04
Based on the decision of the National Agency for Prospective Projects of the Republic of Uzbekistan dated May 21, 2024, the license of NEW LIFE SUG‘URTA KOMPANIYASI for voluntary and compulsory life insurance was canceled as of May 22, 2024, the agency said in a statement.
More
|
ON THE MOVE
|
|
|
|
by Daniela GHETU, 2024-06-06
Christian Kuhn has resigned from the UNIQA Supervisory Board due to the age limit stipulated in the UNIQA statutes. Professor Monika Henzinger was elected as his successor.
|
|
|
|
by Daniela GHETU, 2024-06-06
Leopoldo CAMARA has been appointed Head P&C Reinsurance for Swiss Re's business in Northern, Central and Eastern Europe (NCEE) and Country President Germany, effective 1 August 2024 (pending regulatory approval).
|
|
MARKETS & TRENDS
|
|
|
|
|
by Andrei VICTOR, 2024-06-06
Based on responses from more than 1,000 risk and HR professionals nationwide, the People Risk 2024 Report released by Mercer and Marsh, businesses of Marsh McLennan (MMC), revealed that ineffective leadership is viewed as the biggest people risk facing organizations today, followed by improper rewards decision making, and increasing health and benefit costs. Risk managers also identified a lack of cybersecurity knowledge and mismanagement of AI as key people threats in 2024.
More
|
STATISTICS
|
|
|
by Andrei VICTOR, 2024-06-04
Bulgarian insurance market reported January-December 2023 GWP worth BGN 4.38 billion (EUR 2.24 billion), up by 21.29% y-o-y, according to the official figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 16% to BGN 725.50 million, while non-life insurers' GWP rose by 22.39% to BGN 3.66 billion.
More
|
|
|
by Andrei VICTOR, 2024-06-04
Serbian insurers ended the year 2023 with total GWP worth RSD 155.25 billion (EUR 1.32 billion), almost 16% more y-o-y, according to the end-year statistics published by the National Bank of Serbia (NBS).
More
|
|
|
by Andrei VICTOR, 2024-06-04
According to the Q1 2024 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.40 billion, 14.3% more y-o-y.
More
|
|
|
by Andrei VICTOR, 2024-06-04
Total premium generated in the Turkiye insurance market increased in local currency by almost 92% during January-March 2024 to TRY 199.26 billion (EUR 5.72 billion), according to the quarterly figures released by the Insurance Association of Turkey (TSB).
More
|
|
|
|
|
|
|
|
|
EVENTS
|
|
|
CURRENT XPRIMM REPORTS
|
|
|
