TOP NEWS
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by Marina MAGNAVAL, 2024-09-18
At the end of June, 2024, the assets managed by insurance companies operating in Bulgaria reached BGN10.82 billion (EUR 5.5 billion), which indicates a 6% increase y-o-y, SeeNews reports referring to the Central Bank’s statement.
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by Daniela GHETU, 2024-09-19
Generali has reached an agreement for the sale of its 99.99% stake in Generali Sigorta A.?. (Generali Sigorta Anonim ?irketi) to Kiler Holding A.?. (42% stake), Ekol Giri?im Sermayesi Yat?r?m Ortakl??? A.?. (9% stake); Arex Yat?r?m Holding A.?. (48% stake) and Arex Sigorta A.?. (1% stake).
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by Marina MAGNAVAL, 2024-09-18
At the end of the 2Q the average MTPL annual premium for passenger cars rose by 10% y-o-y to HUF 57,000 (~EUR 144.44). This also indicates an increase of 1.6% compared to the previous quarter's value, according to the Magyar Nemzeti Bank (MNB), Portfolio.hu reports.
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by Marina MAGNAVAL, 2024-09-18
The insurers have already paid out EUR 13 million for the damage caused by the storm at the end of July, which includes compensation for the damage caused to property, agricultural crops and vehicles, according to the data collected by the Latvian Insurers Association (LAA) as of September 11.
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by Marina MAGNAVAL, 2024-09-18
According to the Bureau of Motor Insurers of Armenia, from September 18, the maximum damage threshold for the European Accident Statement will be increased to AMD 400,000 (~EUR 940) from the previous AMD 200,000, ArmInfo writes.
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by Marina MAGNAVAL, 2024-09-18
For the period from January to July 2024, the insurance market in Belarus amounted to BYN 1,491.5 million (~EUR 0.42 billion), as reported by the Ministry of Finance of the Republic of Belarus. It is noted that the market grew by 16.4% y-o-y.
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by Marina MAGNAVAL, 2024-09-18
Compulsory insurance of civil liability of carriers to passengers in Kazakhstan in January-July 2024 amounted to KZT 1.9 billion (~EUR 3.71 million), which is 11.6% more y-o-y. It is noted that a year earlier the segment’s growth was 13.6% (according to calculations by Ranking.kz), Allinsurance.kz writes.
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by Marina MAGNAVAL, 2024-09-18
(Motor Transport Insurance Bureau of Ukraine) MTIBU paid UAH 44.9 million (~EUR 1.02 million) from the Bureau's Victims Protection Fund in July, which is 17.5% more than in the previous period. At the same time, the number of regulatory payments increased by 12.2% to 695, Forinsurer writes.
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by Marina MAGNAVAL, 2024-09-18
The state health insurance system will be introduced from October 1 in Tashkent and the Syrdarya region, and from January 1, 2025 — in Karakalpakstan, Gazeta.uz reports.
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by Daniela GHETU, 2024-09-18
On 5 September, the Executive Board of the Association of Insurance Companies of the Republika Srpska (RS) has requested the RS’s Insurance Agency to increase MTPL insurance premiums by 1.5%, to secure funding for the Protection Fund's central electronic records system.
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ON THE MOVE
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by Daniela GHETU, 2024-09-19
As of 16 September, Angeliki Mouratidou is the new General Manager of Euroins Greece. Athanasios Smyrnis and Vasil Dimitrov remain in the company as Deputy Managers to provide their valuable support.
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INSURANCE EUROPE NEWS
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by Daniela GHETU, 2024-09-18
The recent publication of the much awaited report on EU competitiveness by Mario Draghi, the former European Central Bank president, has raised important questions around how to close the massive investment and innovation gaps in Europe.
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STATISTICS
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by Daniela GHETU, 2024-09-18
The insurance market of Montenegro totaled EUR 68.23 million at the end of H1 2024, up by 13.95% y-o-y or by EUR 8.3 million, according to the half-year figures published by the local Insurance Supervision Agency (ISA). Gross written premiums from non-life insurance represent 81.35% of total insurance market - about EUR 55.5 million, up by 12% y-o-y while, while life business GWP was up by 23.11% y-o-y to EUR 12.7 million.
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by Daniela GHETU, 2024-09-18
The insurance market of Lithuania totaled EUR 790.6 million at end-June 2024, up by 11% y-o-y, according to the quarterly market figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims for insurance losses worth EUR 341 million, up by 13.25% y-o-y.
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by Daniela GHETU, 2024-09-18
Kosovar insurers wrote gross premiums worth EUR 82 million in the first half of 2024, 16.78% more y-o-y. Paid claims reached EUR 35 million, decreasing by 3.3% y-o-y.
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EVENTS
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CURRENT XPRIMM REPORTS
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