TOP NEWS
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by Daniela GHETU, 2022-10-20
Euroins Romania, the MTPL market leader in Romania, with an almost 32% market share on this LoB, increased its effort to extend the company business on the facultative insurance side. Non-MTPL GWP and number of contracts more than doubled in Q2 2022, the company said.
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by Marina MAGNAVAL, 2022-10-20
According to the market regulator, in the first six months the insurance market maintained stability and a positive direction of development, which is a good result in view of the serious challenges such as political instability, economic difficulties and inflation, problems with the entire chain of supplies caused by the pandemic and the war in Ukraine, Association of Bulgarian Insurers (ABZ) wrote.
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by Andrei Victor, 2022-10-18
At the end of September, the PZU SA Management Board adopted a resolution approving the acquisition of 14.2 million PKN Orlen shares - an oil company - from the State Treasury.
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by Marina MAGNAVAL, 2022-10-20
According to the CUK Ubezpieczenia data, MTPL average rate in Poland in September was 2.2% lower than in January. On the other hand, the average price of Motor Hull increased significantly (10%), Gazeta Ubezpieczeniowa reports.
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by Daniela GHETU, 2022-10-20
Global natural disaster events to the end of Q3 2022 caused total economic losses estimated at minimally USD 227 billion - of which USD 99 billion were covered by public and private insurers - representing a protection gap of 56%, the latest Aon Global Catastrophe Recap report shows.
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by Daniela GHETU, 2022-10-20
In terms of gross written premiums (GWP), the Netherlands' non-life insurance industry is expected to grow at a compound annual growth rate (CAGR) of 3.8%, from EUR 64.4 billion (USD 76.2 billion) in 2021 to EUR 77.6 billion (USD 94.1 billion) in 2026, according to GlobalData.
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by Andrei Victor, 2022-10-18
Widespread inflation and increasing healthcare utilization are combining to drive projected increases in global healthcare benefit costs to their highest level in nearly 15 years, according to a survey of global medical insurers conducted by WTW.
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by Marina MAGNAVAL, 2022-10-19
The health insurance system in Armenia will be introduced in stages until 2027, as stated by Health Minister Anahit AVANESYAN, ArmInfo wrote.
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by Marina MAGNAVAL, 2022-10-20
The assets of the insurance sector of Kazakhstan at the end of August 2022 increased by 0.7% to KZT 2 trillion/~EUR 4.23 billion (an increase of 10.3% since the beginning of 2022), mainly due to an increase in income from insurance activities.
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by Adina TUDOR, 2022-10-17
Insurers and Reinsurers tackling the legal, regulatory and business challenges of risk and disruption in the face of technological, structural, climate and political change and uncertainty in a post-pandemic age participated, in the beginning of October, at the 9th AIDA EUROPE Conference.
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by Daniela GHETU, 2022-10-20
Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, net of retrocessions and before tax, resulting in an expected Group net loss of approximately USD 0.5 billion for Q3 2022.
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by Daniela GHETU, 2022-10-20
AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel ("GACM SA") for the potential acquisition of its subsidiary Groupe Assurances du Credit Mutuel Espana ("GACM Espa?a"), a predominantly P&C and Health insurer in Spain.
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by Andrei Victor, 2022-10-18
Dutch insurance group Aegon announced that it has successfully completed the divestment of its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco.
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STATISTICS
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by Andrei Victor, 2022-10-20
Serbian insurance market expanded by almost 12% y-o-y during H1 2022 to RSD 67.56 billion (~EUR 575.5 million), according to the quarterly figures published on the website of National Bank of Serbia (NBS).
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by Andrei Victor, 2022-10-20
According to the 2022 H1 figures published by the National Bank of Slovakia, the net profits of local insurers amounted to EUR 89.92 million, which was a 21% decrease as compared to 30 June 2021 (EUR 114.74 million).
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by Andrei Victor, 2022-10-20
Cypriot insurers posted H1 2022 aggregate GWP of EUR 528.9 million, up by EUR 52.4 million (or by 11% y-o-y), according to the half-year market figures report published by the Insurance Association of Cyprus - IAC.
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