TOP NEWS
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by Marina MAGNAVAL, 2024-03-25
According to the Estonian Insurance Association (EKsL), 529 insurance fraud cases were registered last year, with an attempt to defraud EUR 2 million. At that, the average scam amount was EUR 3,800, and larger frauds exceeded EUR 100,000.
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by Marina MAGNAVAL, 2024-03-25
Lithuanians’ awareness of the importance of home insurance is increasing after major disasters. The head of Gjensidige's claims department for the Baltic countries, Viktorija Katiliene noticed that after every major incident, the interest in home insurance increases significantly, which indicates a change in the public's attitude from "don't care" to "necessary", draudimas.lt wrote.
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by Marina MAGNAVAL, 2024-03-25
At the 9th edition of the Institution of the Year project PZU won the title of the "Best Insurer in Poland" for another year in a row.
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by Andrei VICTOR, 2024-03-25
The largest insurance company in Slovakia - Pojistovna Kooperativa, part of Austrian Vienna Insurance Group acquired 35% stake in insurance broker Universal Maklersky Dom from the Dutch UMD Group B.V., informed FinReport.sk here.
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by Marina MAGNAVAL, 2024-03-25
The results of the Eurobarometer survey published last year show that the level of financial literacy in the EU is low on average (18% of EU citizens have high financial literacy). There are considerable differences between EU countries. Only in four EU member states 25% of people have a high level of financial literacy, i.e. the Netherlands, Sweden, Denmark, and Slovenia.
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by Andrei VICTOR, 2024-03-25
After again generating record Group net income of EUR 1,581 million in financial year 2023, the Talanx Group is proposing that the General Meeting lift the dividend per share by 35 cents to EUR 2.35.
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by Andrei VICTOR, 2024-03-25
Global insurance broker Marsh announced that it intends to exercise its option to acquire the majority of shares in Beassur Marsh, a leading insurance broker in Morocco. The announcement follows Marsh’s acquisition of a stake in the business in June 2019. Terms of the transaction were not disclosed.
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by Andrei VICTOR, 2024-03-25
German reinsurer Hannover Re generated Group net income of EUR 1.8 billion for the 2023 financial year (previous year: EUR 0.8 billion) and thus beat its guidance of at least EUR 1.7 billion.
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by Daniela GHETU, 2024-03-27
The German operations of global reinsurer SCOR will explore how to take advantage of DGTAL’s AI-powered platform DRILLER and its claims assessment function. A first pilot will be launched for the assessment of disability claims starting in April 2024.
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by Marina MAGNAVAL, 2024-03-26
For the first time in the last four years, there has been a trend towards increasing sales of new cars on the Belarusian market. Thus, in 2023, car dealers sold 25,408 cars, which is 47.5% more y-o-y, Insurance in Belarus magazine wrote.
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by Marina MAGNAVAL, 2024-03-26
In 2023, insurance companies in Kyrgyzstan received a net profit of KGS 457,532.8 thousand after taxes (~EUR 4.64 million), which is KGS 131,673.6 thousand or 40.4% more y-o-y (KGS 325,859.2 thousand), the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic said on its website.
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by Marina MAGNAVAL, 2024-03-27
In the first two months of 2024, Ukrainian insurance companies concluded 1,124.1 thousand MTPL contracts, which is 2.37% more y-o-y. In January-February 2024, total GWP in the segment amounted to UAH 1.43 billion (+22.6%)/~EUR 34.63 million, according to the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
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STATISTICS
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by Andrei VICTOR, 2024-03-26
At the end of 2023, the insurance market of Estonia totaled EUR 638.44 million in terms of GWP, up by 15.89% y-o-y, according to the year-end market data published by the Estonian National Statistics Board.
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by Marina MAGNAVAL, 2024-03-27
The insurance sector of Moldova ended 2023 with double-digit growth (+18.80%), total GWP reached MDL 2.93 billion (EUR 151.67 million), according to data published by the National Bureau of Statistics of the Republic of Moldova. At the same time, market growth in euros was more impressive – almost 26%.
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ON THE MOVE
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by Andrei VICTOR, 2024-03-25
The Supervisory Board of the Slovene health insurer Vzajemna Insurance Company appointed Matija Senk as the new Chairman of the Management Board, wrote n1info.si here. His mandate started on March 1st.
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by Andrei VICTOR, 2024-03-25
The Supervisory Boards of Hannover Ruck SE and E+S Ruckversicherung AG have appointed Thorsten Steinmann as a member of the Executive Board of Hannover Re and E+S Ruck effective 1 September 2024. He will succeed Michael Pickel, who will retire on 31 December 2024 after 25 successful years at Hannover Re.
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TOP EVENTS
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by XPRIMM Teams, 2024-03-28
To meet the EU’s climate targets and help speed up society’s transition to a net-zero economy, investments in sustainable activities are needed. As long-term investors with an overall balance sheet measured in tens of trillions of Euro, insurers and IORPs have an important role to play.
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by Daniela GHETU, 2024-03-28
How trustful is a potential business partner? Who certifies its trustfulness, its creditworthiness? Ratings are the first check point when deciding whether to do business with an entity.
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by Daniela GHETU, 2024-03-28
Latvian Insurers Association announces opening of registration for the 19th international conference “Insurance and Reinsurance in the Baltics” on 25 April 2024, which will take place in Riga and online.
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by Daniela GHETU, 2024-03-28
The Third Annual Conference of the Eastern European Risk and Insurance Association (EERIA) will take place between 19 - 21 September 19, 2024, organized by the Faculty of Economics and Business Zagreb.
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MARKETS & TRENDS
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by Daniela GHETU, 2024-03-26
Global insured losses from natural catastrophes in 2023 exceeded USD 100 billion for fourth consecutive year with earthquake, driven mainly by the increased frequency of the events, Swiss Re Institute said, estimating that insured losses could double within the next ten years.
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by Daniela GHETU, 2024-03-28
The Mercer’s 2024 Global Talent Trends Study findings highlight a staggering shifts at work, pointing to a notable divergence between the views of the C-Suite and HR on what will carry business forward in 2024, and a lag in employees’ views on the impact of technology.
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EVENTS
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IIF2024 ESG in Insurance Conference
16 April 2024
Vienna Marriott Hotel, Vienna, Austria
Details:
xprimmevents.com
AM Best's CEE Insurance Market Briefing - Vienna
"Navigating geopolitical and emerging risks"
17 April 2024
Vienna Marriott Hotel, Vienna, Austria
Program
Register
20th Anniversary GRAWE Carat Asigurari
23 April 2024
Palace of the Republic, Chisinau, Republic of Moldova
19th Int’l Conference “Insurance and Reinsurance in the Baltics”
25 April 2024
Hotel Radisson Blu Daugava, Riga, Latvia & online
Details and registration
25th International Insurance Reinsurance Forum - FIAR
26-28 May 2024
Hotel Sheraton, Bucharest, Romania
fiar.ro
International Conference on Insurance Claims
29 May 2024
Sheraton Hotel, bucharest
Details:
xprimmevents.com
International Insurance Conference of Azerbaijan
20-21 June 2024
Baku, Azerbaijan
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CURRENT XPRIMM REPORTS
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