TOP NEWS
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by Daniela GHETU, 2025-03-12
According to the preliminary results, Vienna Insurance Group (VIG) ended 2024 with a premium volume of EUR 15.2 billion, exceeding the previous year’s figure by 10%, while profit before taxes increased to EUR 881.8 million (+14%). The Group expects profit before taxes within a range of EUR 950 million and EUR 1 billion for the 2025 financial year
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by Daniela GHETU, 2025-03-13
Swiss Re Group's capital position remains strong with a Group SST ratio of 257% as of 1 January 2025. As a result of this position, solid 2024 financial results and a positive business outlook, Swiss Re's Board of Directors decided to propose a dividend of USD 7.35 per share, which represents an 8% increase.
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by Marina MAGNAVAL, 2025-03-10
Allianz announced in its press release that it is the first insurer to earn the Europrivacy certification, recognized EU-wide under GDPR. Covering key processes in Austria, Italy, and global recruitment, it underscores Allianz's commitment to exceptional privacy standards.
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by Marina MAGNAVAL, 2025-03-10
One of the leading energy and financial groups in Southeast Europe - Eurohold Bulgaria AD, ended 2024 with a significant increase in profitability, according to the holding's consolidated financial report for 4Q2024.
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by Marina MAGNAVAL, 2025-03-10
According to the Estonian Insurance Association (EKsL), 472,000 home insurance contracts were concluded in Estonia last year. According to Ülli Reimets, head of loss prevention department at EKsL, over 80% of Estonian homes are insured.
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by Marina MAGNAVAL, 2025-03-10
The assets managed by insurance companies operating in North Macedonia amounted to MKD 37.3 billion (EUR 605.6 million) at the end of 2024, which is 8.2% more y-o-y, SeeNews writes with reference to the central bank.
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by Marina MAGNAVAL, 2025-03-10
In line with the strategic commitment to constantly improve existing and introduce new services for citizens, the Association of Serbian Insurers signed an Agreement on Protection of Visitors with Romania, effective from February 1, 2025, the Association said.
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by Marina MAGNAVAL, 2025-03-10
Slovenia's biggest insurer Triglav Group announced its 2024 result. The Group’s earnings before tax amounted to EUR 159.0 million (2023: EUR 21.1 million) and its net earnings reached EUR 131.4 million (2023: EUR 16.3 million).
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by Marina MAGNAVAL, 2025-03-10
Sava Insurance Group announced unaudited results for 2024 – the company surpassed two milestones: EUR 100 million of pre-tax profit and EUR 1 billion of business volume.
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by Marina MAGNAVAL, 2025-03-10
The 31st edition of Insurance Days in Slovenia will take place on June 5 and 6, 2025 at Grand Hotel Bernardin, Portorož, the Slovenian Insurance Association announced.
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by Marina MAGNAVAL, 2025-03-10
The Armenian government will assume the role of reinsurer under the agricultural insurance program in 2025, as stated by Armenian Minister of Economy Gevorg Papoyan, ArmInfo reports.
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by Marina MAGNAVAL, 2025-03-10
In January 2025, voluntary insurance in Azerbaijan amounted to AZN 140.6 million (~EUR 79.43 million), Trend writes with reference to the Central Bank of Azerbaijan. According to the Central Bank, this is AZN 22.3 million, or 18.9% more y-o-y.
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by Marina MAGNAVAL, 2025-03-10
Chubb, a world leader in insurance, announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The terms were not disclosed.
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STATISTICS
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by Daniela GHETU, 2025-03-13
According to the survey conducted by the Association of Insurance Companies of Greece (AAEE) among its member Insurance Companies, the total premium production in 2024 increased by 8.7% compared to the previous year, amounting to EUR 5.68 billion.
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by Daniela GHETU, 2025-03-13
The Turkish insurance sector grew by 72.5% to TRY 838.5 billion (EUR 22.78 billion) in 2024, according to data from the Insurance Association of Türkiye (TSB). In European currency, due to the exchange rates differences, the market change was ~53% y-o-y.
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INSURANCE EUROPE NEWS
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by Media XPRIMM, 2025-03-13
Insurance Europe has responded to the consultation launched by EIOPA on Regulatory Technical Standards (RTS) on the management of sustainability risks under the Solvency II framework.
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MARKETS & TRENDS
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by Daniela GHETU, 2025-03-13
Average spend across the industry on clean energy technologies is expected to increase by over a third in the next financial year, according to the latest global Clean Energy Survey released by Willis, a WTW business.
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INTERVIEW
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by Media XPRIMM, 2025-03-12
The insurance industry is highly dynamic, continually innovating, and consistently developing and applying new knowledge. This makes it a wonderful and dynamic place for work and professional development for all participants. Our goal is to help employees in the insurance industry, both in our country and in the region, as well as in Central and Eastern Europe, gain knowledge through an interactive learning approach, helping them understand new products and risk management methodologies.
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ON THE MOVE
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by Daniela GHETU, 2025-03-13
VIG Re announced the confirmation of Viktor FAUCRET as Managing Director of VIG Re France and Head of the Treaty Non-Life to lead the company’s Western European business unit. The appointment underscores VIG Re's commitment to strengthening its senior management team and deepen its presence in key markets.
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by Marina MAGNAVAL, 2025-03-10
WTW, a leading global advisory, broking and solutions company, announced that its Board of Directors has appointed Paul Reilly to succeed Paul Thomas as Non-Executive Chair of the Board following WTW’s 2025 Annual General Meeting (AGM) to be held in May 2025.
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by Media XPRIMM, 2025-03-12
Arch Insurance has today announced the appointments of Carmen Cobeta as Head of Casualty, Spain and Irene Fernandez Franic as Senior Casualty Underwriter effective immediately.
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by Daniela GHETU, 2025-03-13
Swiss Re's Board of Directors nominates Morten Hübbe and George Quinn for election as new, non-executive and independent members of the Board for a one-year term.
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EVENTS
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CURRENT XPRIMM REPORTS
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