TOP NEWS
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by Daniela GHETU, 2022-09-29
The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims, which will come into force on November 1, 2022 may have a significant contribution to drive inflation in vehicle claims covered by MTPL insurance up to 19-27% in Q1 2023, analyst quoted by Gazeta Ubezpieczeniowa believe.
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by Daniela GHETU, 2022-09-29
Following its regular annual rating review, the rating agency AM Best (Agency) affirmed the financial strength rating of Sava Re of "A" (Excellent) and its long-term issuer credit rating of "a" (Excellent), both with a stable outlook, the Slovenian reinsurer said.
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by Daniela GHETU, 2022-09-27
"Risk-based underwriting is what keeps insurance fair and financially sustainable," explains Insurance Europe in a new video, the first in a series that the European federation of insurers is producing to explain how insurance works.
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by Marina MAGNAVAL, 2022-09-27
The Central Bank of Azerbaijan (CBA) has adopted new rules in insurance, which are to increase the level of satisfaction of policyholders, Trend reports according to Vusal GURBANOV, director of the CBA's insurance control department.
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by Marina MAGNAVAL, 2022-09-27
Insurance company Green Insurance Georgia has placed Class B 9,000,000 shares for trading on the Georgian Stock Exchange. The nominal value of one share is 1 GEL, as the company recently informed on its website.
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by Marina MAGNAVAL, 2022-09-27
According to the financial reports of Georgian insurance companies, the number of insured vehicles in the country makes only 7% of the total fleet, or 108,486 units, Business Georgia wrote.
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by Marina MAGNAVAL, 2022-09-27
Since September Georgians can save up to 30% when purchasing or renewing their motor insurance with GPI Holding. When purchasing a motor insurance package with a Mastercard card, 20% of the amount will be returned in the form of cashback, in addition, a 10% discount is offered by Jipay, gpih.ge wrote.
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by Marina MAGNAVAL, 2022-09-28
Kazakhstan plans to gradually introduce a system of compulsory professional liability insurance for medical workers, Allinsurance.kz wrote with reference to Kapital.kz.
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by Marina MAGNAVAL, 2022-09-28
In January-August 2022, the TAS group, whose companies are in the top 20 insurers of Ukraine, paid out UAH 589.22 million (~EUR 15.92 million). The largest part of compensation payments was made in motor insurance (Motor Hull, MTPL, Green Card), Forinsurer reports.
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by Daniela GHETU, 2022-09-29
The 3rd FAIR Reinsurance Forum, hosted by Milli Re, was held at the Hilton Istanbul Bosphorus Hotel on September 22-23, 2022 under the theme of "Impact of Rising Inflation and Resilience of the Re/Insurance Industry".
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by press.release, 2022-09-27
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced it has entered an agreement with TNEDICCA?, a leader in location-based traffic-crash intelligence and predictive analytics. This exclusive agreement enables Guy Carpenter to deliver enhanced auto analytics to its insurance carrier clients.
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by Andrei Victor, 2022-09-29
According to a report released by Insuramore for the global commercial P&C (non-life) insurance market, 145 insurer groups had gross direct premiums written (GDPW) of more than USD 1 billion in 2021.
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by press.release, 2022-09-27
Lloyd's specialist insurance and reinsurance subsidiary of QIC Group, Antares Managing Agency Ltd, announced Antares Syndicate 1274 has been ranked first for investment performance according to J.P. Morgan Asset Management's Lloyd's Peer Analysis.
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by press.release, 2022-09-27
PlanetWatchers, a revolutionary crop monitoring company that can provide detailed crop insights, at any time, regardless of weather and lighting conditions, has raised USD 11 million as part of its series A funding round as part of the company's ambitious growth plans.
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by Daniela GHETU, 2022-09-27
Insurance Europe's Reinsurance Advisory Board (RAB) has published its comments on the Central Bank of Ireland's (CBI) consultation paper on its guidance for (re)insurance undertakings on intragroup transactions and exposures.
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ON THE MOVE
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by Andrei Victor, 2022-09-27
Global re/insurance broker MMC (Marsh McLennan) announced that John Q. Doyle has been named President and Chief Executive Officer, effective January 1, 2023. "Daniel S. Glaser will retire from Marsh McLennan at year end following a decade leading the Company through a period of extraordinary growth and change".
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by Andrei Victor, 2022-09-27
French reinsurer SCOR announced the arrival of Chris Beazley as CEO of SCOR UK and the SCOR Syndicate, effective 20th September 2022, subject to regulatory approval.
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