TOP NEWS
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by Marina MAGNAVAL, 2024-09-26
Floods in Central Europe could cause economic losses ranging from several hundred million euros to billions, according to the first estimates, as the region prepares for even greater damage, svijetosiguranja.eu writes.
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by Daniela GHETU, 2024-09-26
Polish insurance market’s leader PZU has announced it has paid until 25 September a total of over PLN 111 million (~EUR 26 million) in advances and compensations, to help victims of the recent floods that have hit Central Europe, significantly affecting also Poland. The company has already issued decisions regarding 70% of the claims reported by clients.
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by Marina MAGNAVAL, 2024-09-26
In the first half of the year, Wiener osiguranje collected EUR 75.5 million in premiums and ranked third on the domestic insurance market. While its total premium income recorded a 5.2% annual growth, in the non-life insurance the pace was twice as fast (11.1%), osiguranje.hr reports.
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by Marina MAGNAVAL, 2024-09-26
This summer, the number of claims related to vehicle collisions increased significantly – by 63% y-o-y. In summer only, BALTA (PZU group) insurance company paid out almost EUR 3.2 million so far for road transport collisions, the Latvian Insurers Association reports.
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by Marina MAGNAVAL, 2024-09-26
In the first half of this year, the country's largest insurance company Lietuvos draudimas expanded its business, occupying 29% of the non-life insurance market in Lithuania and strengthening its market leadership position, the insurer wrote.
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by Marina MAGNAVAL, 2024-09-26
Total premiums paid by citizens in travel insurance for traveling abroad in June, July and August reached EUR 2 million, which is 6% more y-o-y. At the same time, paid claims in travel insurance, for this period, increased by 89% and reached EUR 560,000, the Insurance Supervision Agency (ASO) informed.
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by Marina MAGNAVAL, 2024-09-26
As of September 1, 2024, MTPL loss ratio in Armenia reached 79.1% (from 65% last year), ArmInfo writes with reference to data from the Bureau of Motor Insurers of Armenia.
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by Marina MAGNAVAL, 2024-09-26
The government has approved a draft decision that will allow digitalization of issuing Green Card policies. According to the Ministry of Finance, from November 1, 2024, the primary form of the document in paper format will be canceled and the possibility of its issuance in electronic form will be ensured, bizlaw.md writes.
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by Marina MAGNAVAL, 2024-09-26
The number of Green Card policies issued in Ukraine in January-August 2024 decreased by 8.7% y-o-y and amounted to slightly over 1 million units, Forinsurer writes with reference to the MTIBU’s report (Motor Transport Insurance Bureau of Ukraine).
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by Daniela GHETU, 2024-09-26
Gross direct premiums written for the global auto (motor) insurance market rose to around USD 922.5 billion in 2023, Insuramore’s recently published ranking shows. American insurer State Farm was the world’s largest underwriting group in this sector last year.
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by Daniela GHETU, 2024-09-26
A new Geneva Association report, authored by Ruo (Alex) Jia, Director Digital Technologies, The Geneva Association; Associate Professor of Insurance, Peking University, examines how insurers are developing and using digital platform ecosystems and their benefits and challenges.
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ON THE MOVE
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by Daniela GHETU, 2024-09-26
Olav Jones, Deputy Director General Insurance Europe, has been selected as Chair of European Insurance and Occupational Pensions Authority (EIOPA)’s Insurance and Reinsurance Stakeholder Group (IRSG).
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by Daniela GHETU, 2024-09-26
The Executive Board of the German Insurance Association re-elected Norbert Rollinger, CEO of R+V Versicherung AG (60), as President of the (GDV), two years after initially taking office.
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STATISTICS
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by Daniela GHETU, 2024-09-26
According to the Czech National Bank data, Czech insurers ended H1 2024 with GWP worth EUR 4.63 billion, a total slightly superior to the H1 2023 one (+2.6%). Paid claims have also remained quasi stable, increasing by 1.85%, to EUR 2.28 billion.
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by Daniela GHETU, 2024-09-26
GWP by the Slovak insurers amounted, according to the official statistics of the Slovak National Bank, to EUR 1.05 billion in H1 2024, which is by 7.25% more y-o-y.
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by Daniela GHETU, 2024-09-26
Total premium generated in the Türkiye insurance market increased in local currency by almost 81% during the first half of 2024 to TRY 380.4 billion (EUR 10.8 billion), according to the figures released by the Insurance Association of Turkey (TSB).
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by Marina MAGNAVAL, 2024-09-26
In 1H2024, the insurance sector of Kazakhstan grew by 28.31%, reaching KZT 754.52 billion (EUR 1.49 billion). Insurers' paid claims increased by 25.69% to KZT 149.94 billion (EUR 297.04 million), as data published by the National Bank show.
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by Marina MAGNAVAL, 2024-09-26
The insurance sector of Kyrgyzstan in 1H2024 grew by 29%, reaching KGS 1,907.83 million (EUR 20.63 million), according to the data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
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EVENTS
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CURRENT XPRIMM REPORTS
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