Consolidated revenue from insurance sales, including regional subsidiaries, amounted to EUR 392 million, up 12% compared to the same period last year. In 3Q2024, Croatia osiguranje generated a consolidated net profit of EUR 46.3 million, which is an increase of 43% versus 3Q2023, when storm damage negatively impacted profits in the period.
31 October 2024
DGTAL, the AI pioneer that offers generative AI solutions for insurance operations, became the first Insurance-focused AI company to use AI Agents as a core element of its technology platform, marking its most significant technological upgrade to date.
31 October 2024
Fitch Ratings have upgraded Generali’s Outlook to Positive from Stable and affirmed the Insurer Financial Strength (IFS) Rating at ‘A+’ and the Long-Term Issuer Default Rating (IDR) at ‘A’.
31 October 2024
AXA reported for 3Q2024 Gross Written Premiums (GWP) and other revenues up 7% y-o-y, to Euro 84.0 billion, driven mostly by the Property & Casualty segment and the Life & Health business, which both saw a 7% increase in GWP.
31 October 2024
Bulgarian insurers have the largest presence in the SEE Top100 insurance ranking, with 18 companies, according to the 17th edition of SEE TOP 100 by SeeNews. However, the Top 10 group is dominated by Romanian and Slovenian companies, four for each of the two markets.
31 October 2024
Kosovar insurers posted 3Q 2024 Gross Written Premiums (GWPs) worth EUR 127.3 million, from EUR 110.1 million at the end of September 2023, data provided by the Central Bank show.
31 October 2024
According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2024 the local insurance market increased by 73.78% y-o-y reaching TRY 570.44 billion (~EUR 14.9 billion). In European currency, due to about 35% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +32.16% y-o-y.
31 October 2024
Vienna Insurance Group (VIG) has announced the creation of Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company with the small and medium-sized companies as primary target group. CyRiSo provides comprehensive support to reduce cyber risks and to prevent and resolve any damage caused by cyber attacks.
31 October 2024
In Europe, more than 92% of people have an insurance policy while over 25 million people pay into an occupational pension scheme. Moreover, insurance and pension funds are also Europe’s largest institutional investors, together managing assets of around approximately EUR 12 trillion. This is the way a recent material released by EIOPA summarizes the position held by insurers and pension fund managers in the European landscape.
31 October 2024
Global commercial insurance rates fell 1% in the third quarter of 2024, the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the
Global Insurance Market Index released by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.
31 October 2024
Total premiums in compulsory insurance of workers against accidents in Kazakhstan for January-August of this year amounted to KZT 95.3 billion (~EUR 0.18 billion), which is 61.4% more y-o-y. It is noted that this class shows significant growth for the third year in a row,
Allinsurance.kz writes.
28 October 2024
The insurance market of Azerbaijan for January-September amounted to AZN 1.02 billion (EUR 539.47 million), which is 9.38% more y-o-y in manats, according to data published by the Central Bank. At the same time, the largest share of premiums was collected in voluntary insurance.
28 October 2024
For the period from January to September 2024, Kazakhstan's insurance sector grew by 40.12%, reaching KZT 1,210.27 billion (EUR 2.26 billion). Insurers' paid claims increased by 23.37% to KZT 240.92 billion (EUR 450.36 million), as shown by data published by the National Bank.
28 October 2024
The Central Bank of Azerbaijan (CBA) has included five more foreign-owned companies in the register of foreign insurers, reinsurers, and insurance brokers, thus increasing the number of foreign brokers working in the local insurance market to 92, Trend reports.
28 October 2024
Srđan Amidžić, Minister of Finance and Treasury of Bosnia and Herzegovina, speaking at the third
"Days of Insurance of the Republic Srpska" (DORS) conference noted that the insurance market participants aren’t satisfied with the current situation in the sector.
28 October 2024
The net profit of insurance companies in the Republika Srpska last year amounted to 30,369,942 KM, according to the report of the Insurance Agency of Srpska,
osiguranje.hr writes.
28 October 2024
Chubb announced the appointment of Tim Benson as Executive Vice President, Multinational Insurance Leader, effective October 30. Tim succeeds Laura Vest, who is retiring from the company after 20 years.
28 October 2024
The 20th Insurance Conference of the Insurance Institute of Cyprus (IIC) will take place on November 12 at the Nicosia Hilton. Cyprus Insurance News is a sponsor of the conference.
28 October 2024
The Healthcare Liability Insurance Act enters into force soon, and by the beginning of December all Estonian healthcare service providers must have a liability insurance contract. A few weeks ago, only PZU Insurance offered this type of insurance, and now international insurance brokers have also joined,
err.ee writes.
28 October 2024
On October 21, 2024, the Social Policy Committee of the Zhogorku Kenesh of the Kyrgyz Republic approved in the first reading the draft Law of the Kyrgyz Republic "On insurance and insurance activities" in a new edition.
28 October 2024