Five weeks to FIAR 2022. Register now for the first post-pandemic edition of the Forum! by Daniela GHETU, 2022-04-14
Five weeks before its debut, the 23rd edition of FIAR - the International Insurance-Reinsurance Forum aligns an exceptional team of international speakers for the four highly informative conferences in its agenda. FIAR 2022 will take place in Bucharest, at the Sheraton Hotel, on 22-24 May, in a hybrid format.
Generali launches Art Insurance in Austria by Andrei Victor, 2022-04-11
Italian insurer Generali announced the launch of tailor-made product solutions for private art collectors on Austrian insurance market. Generali representatives mentioned that "with the new offer "ARTE Generali Private Kunst", Generali Versicherung is expanding its modular product range".
VIG successfully invests half a billion euro in green and social projects by Andrei Victor, 2022-04-11
Within the first year of the EUR 500 million Senior Sustainability Bond, being issued in March 2021, Austrian insurer Vienna Insurance Group (VIG) informed it was able to allocate 100% of the bond's net proceeds to green and social projects.
Eurohold seeks to acquire the remaining shares of the minority in CEZ Distribution and CEZ Electro by Andrei Victor, 2022-04-11
Bulgarian holding Eurohold announced that its energy subholding - Eastern European Electric Company (EEEC) and majority shareholder in CEZ Distribution Bulgaria and CEZ Electro Bulgaria, has registered with the Financial Supervision Commission (FSC) tender offers for the purchase of the shares of the minority shareholders in both companies.
CROATIA: The insurance market in March maintained its upward trend by Marina MAGNAVAL, 2022-04-12
According to the data of the Croatian Insurance Bureau for March 2022, insurance companies collected GWP in the amount of HRK 3.54 billion (~EUR 0.47 billion), which is an increase of 9.02% y-o-y.
LATVIA: LAA: Agroinsurance grew by 17% last year by Marina MAGNAVAL, 2022-04-12
Farmers in Latvia are increasingly using insurance as a risk management tool, and in 2021 GWP in the segment reached EUR 19.4 million, which is 17% more y-o-y, according to the Latvian Insurers' Association (LAA). Last year, crop insurance reached EUR 11.6 million, livestock insurance - EUR 7.5 million, and insurers paid EUR 9.2 million to farmers.
Austria 2021: strong growth in the second year of the corona crisis by Daniela GHETU, 2022-04-14
The Austrian insurance industry has recorded premium growth in the second year of the corona crisis, GWP reaching EUR 18.7 billion for more than 50 million contracts. Benefits to customers increased by 2.9% to EUR 16 billion.
Aon and BNY Mellon announce a multi-faceted strategic data and digital alliance by Daniela GHETU, 2022-04-14
Aon plc and The Bank of New York Mellon Corporation today announced a multi-faceted data and digital collaboration that will leverage the capabilities of both organizations to create new solutions to address evolving client needs. They will focus on supporting the ESG needs of clients globally.
GEORGIA: only 17% of the population uses private health insurance by Marina MAGNAVAL, 2022-04-11
Of the total GWP of Georgian insurance companies for 2021 in the amount of GEL 772.2 million (EUR 220 million), GEL 305.5 million came from healthcare, Business Georgia wrote.
STATISTICS: Romania FY2021: 22% GWP increase, but worsening claims ratios for the motor insurance lines by Daniela GHETU, 2022-04-14
In 2021, Romanian insurers underwrote gross premiums amounting to over EUR 2.87 billion, increasing by about 21.9% y-o-y. Calculated in national currency the rate was higher, of 24%, given the about 2% depreciation of the Romanian currency against Euro. Following the bankruptcy of CITY Insurance, EUROINS Romania became the market leader.
STATISTICS: Russia, FY2021: life insurance segment continued to grow, its share in the market portfolio reached 29% by Marina MAGNAVAL, 2022-04-12
The Russian insurance market grew by 17.52% in 2021 supported by recovery in economic activity after 2020. GWP increased in all major segments, and more than a third of the growth came from insurance related to lending to individuals, about a third - from investment and accumulative life insurance, according to a review of key performance indicators of insurers published by the Central Bank.
Inflation - the number 1 global enemy by Daniela GHETU, 2022-04-14
While the war in Ukraine will have minor direct consequences on the insurance industry, the indirect consequences, such as the capital markets volatility or the poorer growth prospects, will weigh more heavily, chief economists of Swiss Re, Munich RE and Allianz said in a discussion hosted by GDV.
LIES confirmed as Chairman of Zurich, while all other Board members standing for re-election confirmed by Andrei Victor, 2022-04-11
The shareholders of Zurich Insurance Group confirmed Michel M. LIES as Chairman of the Board of Directors at Annual General Meeting (AGM). They also elected all the other current Board members who stood for re-election, and elected Peter MAURER as a new member of the Board as of October 1, 2022.
Marsh appoints Craig SCHIOPPO Global Head of Transactional Risk by Andrei Victor, 2022-04-11
Global insurance broker Marsh announced that Craig SCHIOPPO, Transactional Risk Practice Leader, US and Canada has, in addition, been appointed Global Head of Transactional Risk, Marsh Specialty, effective immediately.
AIG announced leadership changes by Andrei Victor, 2022-04-13
American International Group (AIG) announced that Tom BOLT, has been named Executive Vic
