Italian groups Generali ended 2023 with GWP of EUR 82.5 billion, 5.6% up y-o-y, and a record operatingresultofEUR6.9billion(+7.9%),thankstopositivecontributionfromallsegments,ledbyP&C, the Group announced.
Austrian Vienna Insurance Group (VIG) reported GWP for the full year 2023 worth EUR 13.8 billion, 10% more y-o-y. Earnings before taxes reached around EUR 773 million, up by +32% y-o-y, while the insurance service revenue increased by 12%, to EUR 10.9 billion, VIG announced.
After the successful congress in Skopje, the Board of Actuaires du Monde decided to organizing a 2nd congress in Sarajevo (Bosnia & Herzegovina) - scheduled 30 & 31 May 2024, association has announced.
Regulators globally are taking growing interest in sustainability issues by applying actions and requiring more scrutiny around ESG issues. Yet, the regulatory landscape at the EU level is uneven, with varying levels of commitment to ESG goals among different countries.
Stemming from the dynamic and evolving nature of cyber risks, the cyber insurance business’ complexity is increasing fast. Insurers must navigate a landscape fraught with diverse and sophisticated threats and Developing an Appropriate Approach to the Cyber Risk Threat is instrumental.
With a new team at the helm at the market authority, several upgrades of the regulatory framework under way and market players’ strong willingness to improve the market environment, the Romanian insurance field is a business area worth exploring. The 25th edition of FIAR – the International Insurance-Reinsurance Forum provides the ideal platform to meet these opportunities.
The Azerbaijan Insurers Association together with XPRIMM are pleased to announce a new edition of the most important event in the Caucasus Region, the Azerbaijan International Insurance Forum, to be held in Baku, on 20-21 June.
According to the YE 2023 MNB (the National Bank of Hungary) statistics, the local insurance market totaled at the end of last year about HUF 1,508 billion (EUR 3.94 billion), up by 5.65% y-o-y.
The Supervisory Board of Allianz SE has extended the mandates of Board Members Sirma Boshnakova and Guenther Thallinger. Guenther Thallinger joined the Allianz SE Board of Management in 2017, Sirma Boshnakova in 2022.
Global re/insurance broker Aon named two new leaders to bolster the advanced risk analytics capabilities within its Risk Capital unit, helping to accelerate innovation and unlock capital.
Re/insurance marketplace Lloyd’s announced its 2023 preliminary FY2023 financial performance. “The full results will be released on 28 March 2024, accompanied by guidance on expectations for Lloyd’s Full Year 2024 results”.
As of January 1, 2024, the assets of the insurance sector of Azerbaijan amounted to AZN 1.80 billion (~EUR 0.96 billion), which is 13.2% more than at the end of 2022, ABC.AZ writes with reference to the report of the Cabinet of Ministers for 2023.
A rise in health insurance premiums, which is largely attributed to cost increases by health care providers, has negative effects on both insureds and intermediaries, insurancedaily.gr writes.
In 2023, the ombudsman of the Latvian Insurers Association (LAA) received 44 customer complaints about insurance services. The largest number of complaints were about property insurance (18), the Association said.
On March 1, 2024, the President of the Republic of Uzbekistan adopted a resolution “On comprehensive measures for the further development of the insurance market”, which introduces several innovations in insurance, the National Agency for Prospective Projects of Uzbekistan reports.
New analysis by the UK’s largest home insurer, Aviva, reveals that one in thirteen (8%) new homes built in England in the last ten years are in a flood zone, the equivalent of almost 110,000 homes.
Based on preliminary figures, German insurer Talanx informed it is expecting Group net income of EUR 1.58 billion. This clearly surpasses the original annual target of approximately EUR 1.4 billion. Insurance revenue rose to EUR 43.2 billion (vs. EUR 39.7 billion).
According to the preliminary 2023 financial results, Austrian insurance group UNIQA posted strong premium growth (+9.7% to EUR 7.18 billion) while earnings before taxes exceeded expectations (at EUR 426.4 million).