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XPRIMM News No. 703, 03 October 2024

Insurance Newsletter No. 703, 03 October 2024
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TOP EVENT

by Daniela GHETU, 2024-10-03
The 2024 edition of the International Insurance Fair and Congress, is gathering top professionals of the sector at the NEST congress hall in Antalya, increasing their cooperation and increasing the insurance penetration rate (insurance rate) in the society . XPRIMM supports the event as Media Partner.
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TOP NEWS

by Daniela GHETU, 2024-10-01
Starting from January 1st, 2025, countries within the Green Card circulation area must accept International Motor Insurance Certificates (IMIC), also known as 'Green Cards', in either paper or electronic PDF format as proof of insurance, the COB has reminded.
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by null, 2024-10-02
Moody’s RMS Event Response estimates that insured losses from the flooding in central Europe between Wednesday, September 11, and Thursday, September 19 will likely fall within the range of EUR 2.5 billion to EUR 3.5 billion (USD 2.8 to USD 3.9 billion).
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by Daniela GHETU, 2024-10-01
The Global Federation of Insurance Associations (GFIA) has responded to a paper by the International Association of Insurance Supervisors’ (IAIS) which proposes ways the insurance industry can ensure the fair treatment of diverse consumers.
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by Marina MAGNAVAL, 2024-10-01
The fourth "Days of Insurance in Bosnia and Herzegovina" conference, organized by the Association of Insurance Companies in the Federation of Bosnia and Herzegovina, was held on September 26 and 27 at Hotel Hills in Ilidza.
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by Marina MAGNAVAL, 2024-10-01
From October 1, 2024, there will be significant digitization in liability insurance. Online insurance registration will allow drivers to no longer keep Green Card policies with them, even in electronic form, the Czech Office of Insurers wrote.
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by Marina MAGNAVAL, 2024-10-01
This year, over 450,000 motor insurance price comparisons have been made via online calculator of the Estonian Traffic Insurance Fund (LKF). As of July 1, 2024, 882,000 motor insurance contracts were valid in Estonia, with an average annual premium of EUR 151.
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by Marina MAGNAVAL, 2024-10-01
The Central Bank of Azerbaijan (CBA) signed a Memorandum of Understanding with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), aimed at expanding the use of Islamic insurance services in the country, Trend reports.
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by Marina MAGNAVAL, 2024-10-01
From January to July 2024, the growth rate of insurance sales in Kazakhstan increased significantly y-o-y. New leaders have emerged, demonstrating large sales volumes, according to the Chairman of the Board of Freedom Insurance Azamat Kerimbayev, Allinsurance.kz writes.
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INSURANCE EUROPE NEWS

by Daniela GHETU, 2024-10-01
Chair, Personal Insurance Committee, Insurance Europe and Head of Partnerships & Corporate Business Development, Société Générale Assurances, France
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STATISTICS

by Daniela GHETU, 2024-10-01
Polish insurers wrote gross premiums worth EUR 9.93 billion in 1H2024, 13.8% up y-o-y, almost all business lines recording solid growth rates. Paid claims reached EUR 5.55 billion, 13% more y-o-y. The results denominated in Euro look better due to the y-o-y slight appreciation of the zloty against euro. As such, in the national currency, the market grew by 9.9%, while paid claims by 9.6%.
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by Marina MAGNAVAL, 2024-10-01
In 1H2024, the market amounted to RUB 1,293.61 billion (EUR 13.99 billion), which is 20.55% more y-o-y in local currency. Insurers' paid claims increased by 18% and reached RUB 583.71 billion (EUR 6.31 billon), according to data published by the Central Bank.
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by Marina MAGNAVAL, 2024-10-01
At the end of 1H2024, the insurance sector of Uzbekistan grew by 13% y-o-y and amounted to UZS 4.27 trillion (EUR 317 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.
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VIG

Omniasig

EVENTS

Pensions & Investments WorldPensionSummit
5-7 November 2024
The Hague, Netherlands
Details: cvent.com


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