According to the year-end market data published by SLASPO (Slovak Insurance Association), at the end of 2023, total GWP from the members of the association (domestic insurers and EU branches) totaled EUR 2.72 billion, up by 4.73% y-o-y.
21 February 2024
According to the Q4 2023 market data published by the Czech Insurance Association – CAP, total premiums of the members of the association reaches a value of CZK 168.5 billion (~EUR 6.8 billion) by the end of 2023, up by 7.1% y-o-y, or by CZK 11.1 billion.
21 February 2024
Bulgaria's competition authority said it approved the
takeover of local insurance broker SDI Group by Poland's Unilink, a subsidiary of US financial technology and insurance holding Acrisure, SeeNews wrote.
21 February 2024
German insurer ERGO Group AG – with business in many CEESE markets such as Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland - has been recognized as one of the most attractive employers on its “home market” - Germany for the second time in a row by the international consulting institute "Top Employers Institute".
21 February 2024
Generali and TCC-Trieste Convention Center announce the agreement to name the largest multifunctional convention center overlooking the sea in the entire north-east of Italy as the Generali Convention Center Trieste.
21 February 2024
In 2023, net profit of the Armenian insurance sector decreased by 33%. While a 4.5-fold jump was recorded a year ago in 2022.
21 February 2024
Criteria for classifying systemically important insurance businesses have been approved in Azerbaijan. Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov signed a corresponding decision,
Trend reports.
21 February 2024
According to the
Association of Estonian Insurance Companies (EKsL), 1,340 employers purchased additional health insurance last year, insuring a total of 55,600 employees. The amount of employer health insurance premiums increased by 30% and reached EUR 19 million, the Association wrote.
21 February 2024
The Service for regulation and supervision of the financial market actively interacts with the insurance industry to improve its functionality and quality of service. Comprehensive work is being carried out in two key directions: a media plan for MTPL and digitalization of the insurance market through introduction of electronic insurance,
the regulator said.
21 February 2024
The Financial Stability Board has agreed on a concept note for creation of a fully functional war risk insurance system in Ukraine. The concept was developed with the participation of specialists from the World Bank, the National Bank (NBU), the Ministry of Finance, and the Ministry of Economy,
Forinsurer reports.
21 February 2024
The
Uzbekinvest insurance company demonstrated positive development dynamics and ensured sustainable growth in key LoBs in 2023,
gazeta.uz writes.
21 February 2024
The number of MoD active policies in the Polish market amounted to 7.3 million units by the end of Q42023, which 4% more y-o-y, data from the Insurance Guarantee Fund show.
21 February 2024
Global broker WTW reported FY2023 revenue worth USD 9.48 billion, an increase of 7% as compared to USD 8.87 billion for the prior year. For the year 2024, the company expects to deliver revenue of USD 9.9 billion or greater.
21 February 2024
Swiss Re increased net income to USD 3.2 billion in 2023, with a net income of USD 748 million in Q4 and delivered a return on equity (ROE) of 22.3% for the full year. For 2024, the Group targets a net income of more than USD 3.6 billion under IFRS.
16 February 2024
Leading specialty insurer Tokio Marine Kiln (TMK) announced the appointment of Matthew SHAW as CEO with effect from 1 April, subject to regulatory approval. SHAW will succeed Brad Irick who is taking up the position of co-head of international business for Tokio Marine Holdings, which is the parent company of Tokio Marine Group, to drive its international growth ambitions.
16 February 2024
Insurers in the Central and Eastern Europe ended the first nine months of 2024 with GWP worth EUR 35 billion, up by 11.6% y-o-y. AT the same time, paid claims rose by 3.87%, reaching EUR 16.1 billion.
15 February 2024
The second edition of the ESG IN INSURANCE Conference, to be held at the Vienna Marriott Hotel, on 16 April lines up a team of highly relevant speakers. Vienna Insurance Group (VIG) is the conference’s Official Partner, while Slovenian Reimpact Re and Turkish IUC Groups also supporting the event’s organization.
15 February 2024
“SorS Academy” was founded with the aim of providing education for insurance professionals in an innovative and unique way. The fast-track training it will provide might be a solution to the obvious problem of a lack of employees in the insurance and reinsurance industry in the area. SorS Academy is headquartered in Belgrade, Serbia.
15 February 2024
The Turkiye insurance sector grew by 106.7% to TRY 486 billion (EUR 14.9 billion) in 2023, according to data from the Insurance Association of Turkiye (TSB). In European currency, due to the exchange rates differences, the market change was ~26.5% y-o-y.
14 February 2024
From 2015 to 2023 Greece has recorded 16 rainstorms with serious effects on the local economy. Through the
Cat Monitor tool created by EAEE (the Association of Insurance Companies of Greece) important data on extreme natural disasters is recorded across the country,
insurancedaily.gr writes.
14 February 2024