TOP NEWS
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by Daniela GHETU, 2025-02-20
The value of MTPL (compulsory motor insurance) claims paid by insurers in Romania rose by 36% in 9M 2024, exceeding RON 3.4 billion (~ EUR 680 million), according to a statement from UNSAR, the professional association of the local insurers.
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by Marina MAGNAVAL, 2025-02-19
The Government of the Federation of Bosnia and Herzegovina has lost control over the management of Sarajevo Insurance. The control has been taken over by other shareholders led by the Hrvi? family from Tešanj, owners of AS Holding, osiguranje.hr writes.
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by Marina MAGNAVAL, 2025-02-19
Bulgarian diversified group Doverie United Holding announced the completion of the sale of its subsidiary United Health Insurance Fund Doverie to Netherlands-based insurer Generali CEE Holding, part of Italian Generali Group, for BGN 22 million (EUR 11.2 million), SeeNews reports.
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by Marina MAGNAVAL, 2025-02-19
The EAEE survey provides the first estimate of the Greek insurance market's payments for property and motor insurance losses from the extreme weather events (Bora storm) that hit Greece during the period 30 November - 2 December 2024, insurancedaily.gr writes.
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by Daniela GHETU, 2025-02-19
Duch NN Group announced the completion of the sale of its Turkish operations to Zurich Turkiye. The completion of the transaction follows the fulfilment of the customary closing conditions, including receipt of all necessary regulatory approvals. The agreement on the sale of NN Hayat ve Emeklilik was announced on 25 September 2024.
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by Marina MAGNAVAL, 2025-02-19
Azerbaijan's GWP for agricultural livestock reached AZN 2.1 million (~EUR 1.18 million) in 2024. According to the Central Bank of Azerbaijan, this indicates a decrease of AZN 1.8 million or about 46.7% y-o-y, Trend reports.
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by Marina MAGNAVAL, 2025-02-19
In 2024, 468 Green Card insurance cases were recorded in Azerbaijan, and the total amount of payments reached AZN 2.5 million (~EUR 1.41 million), as stated by the Chief Information Manager of the Compulsory Insurance Bureau (CIB) Anar Samedov during his speech at the Azerbaijan Financial Forum, Trend writes.
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by Marina MAGNAVAL, 2025-02-19
Despite the reduction in the number of market participants, key indicators of non-life insurance in 2024 demonstrated moderate growth against the backdrop of high economic activity, acceleration of lending, and increased inflationary processes in the economy, the Association of Financiers of Kazakhstan (AFK) writes in its report.
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by Marina MAGNAVAL, 2025-02-19
Assets of the insurance sector in 2024 increased by 10.5%, equity - by 19.6%, charter capital - by 45.1%, and insurance resources - by 2.5%, Avesta IA writes.
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by Marina MAGNAVAL, 2025-02-19
In 2024, 38.5% of road accidents in Ukraine were settled using the European Accident Statement, which is 6.5% more y-o-y. This confirms growing popularity of the European Accident Statement among drivers, Forinsurer writes with reference to the MTIBU (Motor Transport Insurance Bureau of Ukraine) report.
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by Marina MAGNAVAL, 2025-02-19
In 2024, ARX and ARX Life collected UAH 4.6 billion (~EUR 105.79 million) in premiums, which is 15% higher y-o-y. The companies' net profit reached almost UAH 520 million. ARX and ARX Life are the leaders in tax payments among Ukrainian insurance companies, Forinsurer writes
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by Marina MAGNAVAL, 2025-02-19
Representatives from Türkiye and Azerbaijan have expressed their readiness to share their expertise in agroinsurance with Uzbekistan and to collaborate on addressing potential challenges in this field, Trend reports.
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by Marina MAGNAVAL, 2025-02-19
The German Insurance Association (GDV) announced its results for the past year and its forecast for 2025. According to the Association, the German insurance sector appears to have overcome the most difficult phase, osiguranje.hr writes.
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by Marina MAGNAVAL, 2025-02-19
American International Group (AIG) announced financial results for the fourth quarter and full year ended December 31, 2024. General Insurance net premiums written (NPW) amounted to USD 6.1 billion, which means an increase of 6% y-o-y on a reported basis, or 7% on a comparable basis, according to the Group’s report.
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by Media XPRIMM, 2025-02-20
RiverStone International, a top acquirer of legacy business in the Lloyd’s market, has signed a reinsurance-to-close deal with Asta Managing Agency, transferring Hampden Risk Partners Syndicate 2689’s 2022 underwriting year into RiverStone Syndicate 3500. As of Q3 2024, net technical provisions stood at GBP 62.5 million.
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TOP EVENT
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by Daniela GHETU, 2025-02-20
The inaugural edition of ReConnext, an all-inclusive reinsurance networking event, took place on February 16-19, 2025, at the Titanic Mardan Palace Hotel in Antalya. The event organized by Confera Event Partners and IUC Group launched a completely new “all-inclusive event concept” and hosted several interesting conference sessions.
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INSURANCE EUROPE NEWS
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by Daniela GHETU, 2025-02-20
The Global Federation of Insurance Associations (GFIA) shares the commitment of supervisors and regulators to ensure AI is used responsibly, whilst also fostering innovation to the benefit of consumers and industry.
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STATISTICS
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by Daniela GHETU, 2025-02-19
At the end of 2024, the BiH insurance market totaled EUR 555 million (BAM 1.1 billion), up by 10.3% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 9.4% y-o-y to EUR 240 million.
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by Daniela GHETU, 2025-02-19
At the end of 2024, the insurance market of Croatia totalled EUR 1.9 billion, of which EUR 335.1million (17.4%) related to life insurance premium and EUR 1.6 billion (82.6%) to non-life insurance segment, according to the YE 2024 statistics published by The Croatian Financial Services Supervisory Agency – HANFA.
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ON THE MOVE
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by Daniela GHETU, 2025-02-20
VIG Re appoints Hong-Wha Ling to the newly created role of Chief People Officer, underscoring its commitment to talent development and strategic growth. The creation of the Chief People Officer role reflects the evolving nature of People Management within VIG Re.
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by Marina MAGNAVAL, 2025-02-19
Aviva, one of the UK’s leading Insurance, Wealth and Retirement businesses, with major businesses in Canada and Ireland, announced the appointment of Craig Fazzini-Jones as Group Chief Operating Officer, from 1 March. Craig will become a member of Aviva’s Group Executive Committee.
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by Daniela GHETU, 2025-02-19
Lloyd’s announced the appointment of Alexandra Cliff as its Chief Financial Officer. Her appointment will commence on 1 May 2025, subject to regulatory approval.
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by Daniela GHETU, 2025-02-19
Marcel Zuidam, Chief Executive Officer (CEO) at Nationale-Nederlanden Bank (NN Bank) will step down as of 1 April 2025 to join Triodos Bank.
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by Daniela GHETU, 2025-02-19
Allianz Commercial announced that Aymeric Martin, currently Chief Financial Officer of Allianz Ireland, will join the Board of Allianz Global Corporate & Specialty SE (‘AGCS SE’ as the legal entity of Allianz with Board responsibility for Allianz Commercial) as Chief Risk and Resilience Officer (CRRO), with effect from April 1, 2025, subject to regulatory approval.
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EVENTS
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CURRENT XPRIMM REPORTS
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