TOP NEWS
|
|
|
by Marina MAGNAVAL, 2025-02-10
Euroins Bulgaria, one of the leading Bulgarian insurers in Eastern Europe, part of Euroins Insurance Group AD (EIG) and Eurohold, the largest Bulgarian publicly-listed holding, is in the process of increasing its capital through the issuance of 25 million new shares, which will raise a total of BGN 100 million (EUR 51.1 million) of its own funds.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
According to Rankomat data, the average MTPL price in January was PLN 693 (EUR 164). The experts note that MTPL rates increased by 23%, and by 41% over the past two years, respectively. Despite this fact, insurers in the motor insurance segment are recording growing losses caused by increasingly high claim settlement costs, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
More
|
|
|
by Daniela GHETU, 2025-02-13
The Bucharest Court of Appeal has upheld the bankruptcy ruling against EUROINS Romania Asigurare-Reasigurare S.A., rejecting the insurer’s appeal against the 2023 decision of the Bucharest Tribunal.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
According to statistics from the Estonian Insurance Association (EKsL), Estonian insurers reimbursed EUR 14 million in employer health insurance costs last year, which is a record amount since the introduction of the tax benefit for employers in 2018, the Association said.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
Employers are increasingly purchasing health insurance, and in 2024 in terms of GWP, this type of insurance was in the leading positions, occupying 22.6% of the insurance market*.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
Celebrating the milestone of 100 years of the insurance industry in Cyprus, the Cyprus Insurance Association (SAEK) held its traditional ceremony in Nicosia on February 5.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
In 2024, health insurance GWP collected by insurance companies operating in Azerbaijan reached AZN 123.1 million (EUR 69.45 million), Trend writes with reference to the Central Bank of Azerbaijan.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
In 2024, the assets of insurance (reinsurance) organizations in Kazakhstan increased by 25.3% to KZT 3.1 trillion (~EUR 5.67 billion). The increase in assets was mainly due to the growth of income from insurance activities, the International Information Agency DKnews.kz reports.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
Over the past three months, the National Bank of Moldova (NBM) has imposed sanctions on five out of nine insurance companies operating in the Republic of Moldova, imposing fines of hundreds of thousands of MDL, bizlaw.md writes with reference to the NBM.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
An additional USD 1 billion is needed to expand the powers of the Export Credit Agency (ECA) to insure grain and commodity exports in Ukraine, Vitaliy Koval, Minister of Agrarian Policy and Food, told Interfax-Ukraine, Forinsurer writes.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
Aon, a leading global professional services firm, announced the launch of a new parametric insurance solution designed to address and mitigate losses from hurricane-related storm surge along the coast of the U.S. The new product was developed in collaboration with parametric flood expert Floodbase, and leading global commercial insurer, Swiss Re Corporate Solutions.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
Zurich Insurance Group (Zurich) released its 2025 Outlook for Real Estate Investments "Divergent Paths at an Inflection Point", which delves into the key trends that will shape real estate occupier and investor attitudes over the coming year, the Group said.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
WTW, a leading global advisory, broking and solutions company, announced financial results for the fourth quarter ended December 31, 2024. Revenue increased 4% over prior year to USD 3.0 billion for the quarter and increased 5% to USD 9.9 billion for the year.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
The Talanx Group continued its positive business trend of the first nine months at the end of the year and is expecting Group net income of EUR 1,977 (1,581) million for financial year 2024, based on consolidated unaudited figures, the Group said in its recent press release.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
The international rating agency S&P Global Ratings today upgraded the credit ratings of the Talanx Primary Insurance Group and its core primary insurance subsidiaries from “A+” (Strong) to “AA-” (Very Strong) with stable outlook due to increasing earnings diversification as well as sustainably improved resilience, the Group said in its press release.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
MetLife, one of the world’s leading financial services companies, reported fourth quarter 2024 premiums, fees and other revenues of USD 14.5 billion, up 6% compared to the fourth quarter of 2023. Adjusted premiums, fees and other revenues were USD 14.4 billion, up 6% on a reported basis and up 7% on a constant currency basis from the prior-year period.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
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, global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – and marking the second consecutive quarterly decrease following seven years of rising rates.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
SCOR announced January 2025 P&C Reinsurance Renewals results, according to which demand for reinsurance coverage remains elevated. Following an increase in capital supply, the market conditions have become slightly more competitive compared to the peak level of the cycle observed last year.
More
|
|
|
by Marina MAGNAVAL, 2025-02-10
Hannover Re, one of the world’s leading reinsurers, announced that it increased the premium income in traditional property and casualty reinsurance by 7.6% in the treaty renewals as at 1 January 2025. The good quality of the renewed business was maintained, while an average inflation- and risk-adjusted price decline of 2.1% was recorded.
More
|
|
|
by Media XPRIMM, 2025-02-13
Parametrix, the leading provider of digital business interruption risk solutions, has launched a new type of performance guarantee, backed by parametric insurance. The insurance guarantees contractual performance obligations made by large enterprises for the uninterrupted delivery of their platform or service.
More
|
|
TOP EVENT
|
|
|
|
|
by Media XPRIMM, 2025-02-13
At a time when the European insurance industry is navigating significant challenges while also laying the groundwork for stable future growth, three key institutions - Insurance Europe, EIOPA, and BIPAR - will be represented at a high level at FIAR.
More
|
INSURANCE EUROPE NEWS
|
|
|
by Media XPRIMM, 2025-02-10
Insurance Europe has published a position paper outlining industry recommendations in the implementation of the Insurance Recovery and Resolution Directive (IRRD).
More
|
|
|
by Daniela GHETU, 2025-02-13
Insurance Europe welcomes the new approach by the European Commission to enhancing competitiveness and ensuring sustainable prosperity through simpler sustainability rules.
More
|
MARKETS & TRENDS
|
|
|
|
|
by Daniela GHETU, 2025-02-13
Misinformation and disinformation, extreme weather events, state-based armed conflicts, societal polarization and cyber espionage and warfare are the Top 5 short-term (2 years) risks according to the World Economic Forum Global Risks Perception Survey 2024-2025.
More
|
STATISTICS
|
|
|
by Daniela GHETU, 2025-02-13
The insurance market of Bosnia and Herzegovina ended Q3 2024 with aggregate GWP worth BAM 824.33 million (~EUR 421.47 million), up by 10.75% y-o-y, market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.
More
|
|
|
by Daniela GHETU, 2025-02-13
Bulgarian insurance market reported 3Q 2024 GWP worth BGN 3.49 billion (EUR 1.78 billion), up 6.05% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 9.5% to BGN 584.94 million, while non-life insurers' GWP rose by 5.37% to BGN 2.9 billion.
More
|
|
|
by Daniela GHETU, 2025-02-13
The Montenegrin market reported in FY2024 a 12.34% y-o-y growth in GWP, to EUR 134.19 million, according to the preliminary figures published on the ISA's website, while the value of paid claims &indemnities increased by 20.6% y-o-y to almost EUR 60 million.
More
|
ON THE MOVE
|
|
|
|
by Marina MAGNAVAL, 2025-02-10
Chubb, a world leader in insurance, announced the appointment of Seth Gillston as Executive Vice President, Head of Global Casualty for Major Accounts in North America, the company said in its recent press release. Seth succeeds Lou Capparelli, who will now serve as Chairman of Global Casualty.
|
|
|
|
|
|
|
EVENTS
|
|
|
CURRENT XPRIMM REPORTS
|
|
|
