TOP NEWS
|
|
|
by Daniela GHETU, 2024-10-31 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.  More
|
|
|
by Daniela GHETU, 2024-10-31 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. More
|
|
|
by Daniela GHETU, 2024-10-31 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 Sr?an Amidži?, 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 Despite the unfavorable environment, the bancassurance sector in 1H2024 achieved one of the best results in recent years. This was primarily the effect of the bank distribution of property insurance, which achieved a double-digit increase in premiums, Gazeta Ubezpieczeniowa (Insurance Gazette) writes. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 The Insurance Forum 2024 conference will take place on November 13, 2024 at the AC hotel by Marriott in Bratislava, and the registration is open, the SLASPO (Slovak Insurance Association) announced. More
|
|
|
by Daniela GHETU, 2024-10-31 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’. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 TAS Insurance Group (one of the top 20 insurers in Ukraine) collected UAH 3.47 billion (~EUR 75.80 million) in premiums in the first 9 months of 2024, which is 36.7% more y-o-y, Forinsurer writes. More
|
|
|
by Daniela GHETU, 2024-10-31 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. More
|
|
|
by Daniela GHETU, 2024-10-31 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 Global insurance and reinsurance broking group Aon has reported a 26% y-o-y rise in total revenue to USD 3.7 billion for the third quarter of 2024, reflecting acquired revenues from NFP and 7% organic revenue growth. More
|
|
|
by Marina MAGNAVAL, 2024-10-31 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. More
|
|
EIOPA NEWS
|
|
|
by Daniela GHETU, 2024-10-31 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. More
|
MARKETS & TRENDS |
|
|
|
|
by Daniela GHETU, 2024-10-31 The 280 notable global natural disaster events recorded in Q1-Q3 2024 resulted in economic losses of at least USD 258 billion and insured losses of USD 102 billion, the “Q3 Global Catastrophe Recap – October 2024” released by Aon reveals. More
|
ON THE MOVE |
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
STATISTICS |
|
|
by Daniela GHETU, 2024-10-31 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. More
|
|
|
by Daniela GHETU, 2024-10-31 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
by Marina MAGNAVAL, 2024-10-28 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. More
|
|
|
|
|
|
EVENTS |
|
|
CURRENT XPRIMM REPORTS
|
|
|
