TOP NEWS
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by Andrei VICTOR, 2023-09-06
Austrian VIG - Vienna Insurance Group reports strong results for the first half of 2023, presented for the first time in accordance with the IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts accounting standards.
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by Daniela GHETU, 2023-09-07
In H1 2023, the Triglav Group's total business volume rose to EUR 955.4 million and its tax before profit amounted to EUR 10.5 million. This year's unexpected price cap on supplemental health insurance in Slovenia resulted in a high loss of EUR 30.9 million in the health insurance segment in the first half of 2023, which had a significant impact on the Group's half-year result.
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by Daniela GHETU, 2023-09-07
Sava Re expects the costs of the unprecedented storms and floods that hit Slovenia and the Balkans in July and August to reach EUR 100 million. The negative impact on the 2023 result is estimated at EUR 30 million to EUR 35 million. For 1H 2023 business volume up by 11.7% to EUR 495.1 million, while net profit was of EUR 40.0 million.
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by Andrei VICTOR, 2023-09-06
Bulgarian energy and financial group Eurohold Bulgaria AD announced that during January-June it booked Total revenues increased to nearly BGN 2.13 billion (EUR 1.09 billion) while ?BITDA grew to BGN 378 million (EUR 193 million).
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by Daniela GHETU, 2023-09-07
Following its regular annual rating review, the rating agency S&P Global Ratings (the Agency) affirmed the “A” (strong) insurer financial strength rating on Sava Re and Zavarovalnica Sava. The outlook is stable.
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by Marina MAGNAVAL, 2023-09-06
In the first half of the year, the dynamics of premium collection in corporate insurance reached 112%, which, compared with inflation, means at most maintaining the market at a very stable level, according to Warta's estimates, Gazeta Ubezpieczeniowa wrote.
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by Daniela GHETU, 2023-09-07
On Monday, 11 September, the conference entitled "Artificial intelligence in insurance - evolution or revolution?" will take place in Ljubljana, Slovenia, organized by the Insurance Supervision Agency of Slovenia. The events is the 8th is a series of already traditional annual international conferences.
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by Daniela GHETU, 2023-09-07
Extreme weather events between 1980 and 2020 caused economic losses ranging from EUR 450 to EUR 520 billion (depending on the source) and between 85,000 and 145,000 deaths (depending on the source) in the 32 member states of the European Economic Area (EEA) *. Notably, a large proportion of these losses remained uninsured, with percentages varying by event type and European Economic Area (EEA) member state.
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by Marina MAGNAVAL, 2023-09-06
According to the 1H results, VUSO insurance company (one of the top 10 insurers in the country) collected premiums in the amount of UAH 1.18 billion (EUR 29.71 million), which is 79% more y-o-y in local currency, Forinsurer writes citing the National Bank data.
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MARKETS & TRENDS
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by Daniela GHETU, 2023-09-07
Weather- and climate-related extremes caused economic losses estimated at EUR 560 billion in the EU between 1980 and 2021, of which only EUR 170 billion (30%) were insured. Nearly 195,000 fatalities have been caused by floods, storms, heat- and coldwaves, forest fires and landslides. Heatwaves caused over 87% of the total number of fatalities from extreme weather events between 1980 and 2021.
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ON THE MOVE
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by Daniela GHETU, 2023-09-07
VIG Re, the reinsurance company of Vienna Insurance Group, announces today that Sven Trautner will join the company as its Chief Strategy Officer (CSO) and Head of Corporate Development effective from 1 October 2023.
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STATISTICS
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by Andrei VICTOR, 2023-09-06
Bulgarian insurance market totaled BGN 1.13 billion (EUR 580 million) at the end of March 2023, up by 28.2% y-o-y, according to the official quarterly figures from the Financial Supervision Commission - FSC.
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by Andrei VICTOR, 2023-09-06
The insurance market of Montenegro totaled EUR 59.9 million at the end of H1 2023, up by 9.1% y-o-y (or by EUR 5 million), according to the half-year figures published by the local Insurance Supervision Agency (ISA). Gross written premiums from non-life insurance represents 82.7% of total insurance market - about EUR 49.5 million, up by 10.7% y-o-y while, life business GWP was up by 2.4% y-o-y to EUR 10.3 million.
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by Andrei VICTOR, 2023-09-06
Macedonian insurers posted January-June aggregate GWP worth MKD 7.4 billion (~EUR 119.5 million), 14.1% more y-o-y, according to the market figures published by the Insurance Supervision Agency of Macedonia.
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by Andrei VICTOR, 2023-09-06
The insurance market of Central and Eastern Europe (CEE) totaled EUR 12.5 billion at the end of Q1 2023, according to the data centralized by xprimm, up by 10.2% y-o-y. The value of paid non-life claims and life indemnities increased by 2.3% y-o-y to EUR 6.5 billion.
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by Marina MAGNAVAL, 2023-09-06
The CIS regional insurance market* ended the first quarter of 2023 with an increase of almost 32% y-o-y, reaching EUR 8.06 billion, according to xprimm statistics.
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by Marina MAGNAVAL, 2023-09-06
In January-June 2023, total GWP of the insurance sector of the republic amounted to BYN 1,097.74 million (EUR 331.66 million), which indicates an increase of 20.18% y-o-y in local currency, according to data published by the Ministry of Finance of Belarus. While in euros the market result was negative (-3.31%).
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by Marina MAGNAVAL, 2023-09-06
In the first half of 2023, the total GWP in Tajikistan amounted to TJS 194.3 million (EUR 16.32 million). According to the National Bank, premiums tend to grow compared to 1H2022 by TJS 27.9 million or 16.8%.
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by Marina MAGNAVAL, 2023-09-06
1H2023 results show that the insurance sector of Uzbekistan saw a significant growth - by 36.34%, reaching UZS 3,778.18 billion (EUR 301.81 million), according to data published by the Insurance Market Development Agency under the Ministry of Finance.
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EVENTS
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CURRENT XPRIMM REPORTS
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