TOP NEWS
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ESTONIA: Interest in life insurance is growing
by Marina MAGNAVAL, 2021-11-01
According to the statistics of the Association of Estonian Insurance Companies, 149,600 life insurance contracts were in force by the end of 1H2021. Compared to two years ago before the pandemic crisis, 5,500 contracts have been added.
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CO shareholder posted 9 months increasing revenues and profits
by Andrei Victor, 2021-11-02
Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia osiguranje) - achieved a total consolidated income of HRK 4.51 billion (~EUR 0.6 billion) in the first nine months of 2021, 23% higher compared to the same reporting period last year, the holding announced in a statement.
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CROATIA: Croatia Osiguranje sees profit growth in 3Q
by Marina MAGNAVAL, 2021-11-02
Croatia Osiguranje is the leader on the Croatian market, with a total share of 26.9%. For 9 months of 2021 its GWP in Croatia amounted to HRK 2.27 million (+5% y-o-y), and consolidated GWP, including regional branches, amounts to HRK 2.73 (+5%).
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Latvia, LAA: In Q3 insurance market returned to growth after five consecutive quarters of decline
by Andrei Victor, 2021-11-03
Latvian insurance industry has returned to growth in the third quarter of 2021 after five quarters of decreasing GWP, informed the Latvian Insurers' Association (LAA). LAA representatives mentioned that despite the local economy is still struggling with the consequences of the Covid-19 pandemic - the total amount of Q3 2021 GWP has increased by 2.9% compared to the previous year.
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POLAND: Saltus Insurance: the number of people covered by health insurance increased by 14%
by Marina MAGNAVAL, 2021-11-01
Every year Poles choose personal insurance more and more, thus the number of people covered by health insurance increased by 14% as of now, and the number of group contracts for life protection increased by 6%. About 3.5 million people are using health insurance policies and almost 12 million are covered by group life insurance, Gazeta Ubezpieczeniowa reports.
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Swiss Re reports 9 months net income of USD 1.3 billion
by Andrei Victor, 2021-11-01
Global reinsurer Swiss Re has reported net income of USD 1.3 billion for the first nine months of 2021, driven by the performance of its property and casualty businesses, "despite significant large-loss events, particularly in the third quarter. Swiss Re's capital position remained very strong, with a Group SST ratio of 234% as of 1 July 2021". The reinsurer has reported a return on equity (RoE) of 6.6% for the nine month period, while net premiums earned and fee income for the Group increased by 5.9% to USD 32 billion.
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WTW reports end-September revenue growth
by Andrei Victor, 2021-11-01
Re/insurance broker Willis Towers Watson (WTW) posted solid Q3 2021 financial results. Thus, Q3 revenue was USD 1.97 billion, an increase of 4% as compared to USD 1.90 billion while 9 months revenue was USD 6.29 billion vs. USD 5.95 billion for the same period in the prior year.
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Aon reported Q3 loss of USD 900 m following WTW deal exit costs of USD 1.3 bn
by Andrei Victor, 2021-11-02
Re/insurance broker Aon reported a net loss of USD 900 million at the end of September 2021 vs. a net profit of USD 275 million in the prior year period, and an Q3 operating loss of USD 801 million, "due primarily to a USD 1.3 billion increase in charges related to terminating the combination with Willis Towers Watson and related costs", as the company's officials mentioned in a statement.
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EVENT: Dive In Festival hits record global audience
by Irina GHETU, 2021-11-04
The Dive In Festival, that took place on 3rd November 2021, gathered over 31,000 people from more than 103 countries, that are related to the insurance industry, proving the festival`s strong character of diversity and inclusion . XPRIMM has been a Media Partner of this event!
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TOP NEWS
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The latest issue of the XPRIMM Motor Insurance Report is ready to meet its readers
by Daniela GHETU, 2021-11-04
What are trends set in the motor insurance business of the Central and Southeastern Europe and the ex-USSR area by the pandemic situation, in 2020, and how much of these have already become a new normality? The latest edition of the XPRIMM Motor Insurance Report, to be live online starting 8 November, radiographs the evolution of the motor insurance business in the region.
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STATISTICS
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ON THE MOVE
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AIG announced senior leadership
by Andrei Victor, 2021-11-01
American International Group announced senior leadership changes that "further position the organization to deliver strong financial and operational performance over the long term and enhance its leadership team as part of the separation of the Life & Retirement business".
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KBC Group Julia KIRALY to resign as director
by Andrei Victor, 2021-11-03
Belgian financial group KBC informed that Julia KIRALY, non-executive, independent director on the Board of Directors of KBC Group and member of the Audit and Remuneration Committee of KBC Group, has announced that for personal reasons she wishes to resign as director.
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