TOP NEWS
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by Daniela GHETU, 2023-05-11
Euroins Insurance Group (EIG), owned by Eurohold Bulgaria AD, insured two-thirds of Ukraine's grain exports in 2022. EIG's Ukrainian subsidiary insured nearly 1,800 grain shipments, totaling USD 5 billion and accounting for 65% of the value of Ukraine's total grain exports, according to Statista.
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by Marina MAGNAVAL, 2023-05-11
CIB Bank, Intesa Sanpaolo, and Generali entered into a partnership in the Hungarian market with the aim of strengthening bancassurance activities in the country and providing a comprehensive financial solution for families and businesses, MABISZ (Association of Hungarian Insurers) reports.
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by Marina MAGNAVAL, 2023-05-11
According to the 1Q results, the list of 1,000 largest taxpayers in Armenia included three insurance companies out of six operating in the country, as evidenced by the data of the State Revenue Committee, ArmInfo wrote.
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by Marina MAGNAVAL, 2023-05-11
From June 1, 2023, car owners from Belarus won't be able to use Green Card international insurance policies when traveling to the European Union, Great Britain, and Switzerland, BELTA reports.
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by Marina MAGNAVAL, 2023-05-11
The share of insurance in Georgia's GDP is just over 1%, which is 2-3 times less than in Eastern European countries, while in developed countries this figure is even higher - about 6-7%, as stated by the head of the State Insurance Supervision Service David ONOPRISHVILI, Business Georgia writes.
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by Marina MAGNAVAL, 2023-05-11
At the end of March 2023, the assets of insurance (reinsurance) companies increased to KZT 2.2 trillion/~EUR 4.44 billion (an increase of 6.5% since the beginning of 2023), mainly as a result of an increase in income from insurance activities, Allinsurance.kz reports.
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by Marina MAGNAVAL, 2023-05-11
The Presidium of the MTIBU approved the Procedure for organizing and holding a competition to determine candidates for the MTIBU General Director position, according to a press release from the MTIBU (Motor Transport Insurance Bureau of Ukraine).
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by Andrei Victor, 2023-05-11
Allianz Group informed it has committed EUR 6 million to support relief and recovery efforts in Turkiye and Syria after a catastrophic series of earthquakes struck the region on February 6, 2023. Allianz has also unveiled a nationwide earthquake awareness program and projects to build critical facilities for children left destitute by the earthquakes in Turkiye.
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by Marina MAGNAVAL, 2023-05-11
More than 400 natural catastrophes caused USD 313 billion of damage worldwide in 2022 resulted from weather and climate events, impacting people's health, livelihood, and assets. Yet only 42% of weather and climate related losses were covered by insurance.
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by Marina MAGNAVAL, 2023-05-11
Generali Group closed 2022 with a net profit of EUR 2,821 million and is going to distribute a dividend of EUR 1.16 per share to shareholders, to be paid as from 24 May 2023, according to the 2022 Financial Statements approved at the Annual General Meeting.
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by Andrei Victor, 2023-05-11
Italian insurer Generali announced it has reached an agreement with Frankfurter Leben for the disposal of Generali Deutschland Pensionskasse AG (GDPK).
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by Andrei Victor, 2023-05-11
Swiss Re reported a net income of USD 643 million for the first quarter of 2023 as improved profitability in all main businesses absorbed large natural catastrophe losses and seasonally higher mortality in winter months.
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by press.release, 2023-05-11
ICEYE, a provider of natural catastrophe solutions and insights, has announced it has entered an agreement with Global Parametrics, experts in developing innovative solutions to climate and natural disaster risks, to provide flood data to support the development of innovative parametric risk transfer solutions.
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TOP EVENT
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FIAR 2023: How and how much AI technologies may change the insurance business
by Daniela GHETU, 2023-05-11
Since ChatGPT opened the door to friendly chatting with a machine, allowing for human-like conversations and much more with a chatbot, AI's capabilities have become increasingly visible and acknowledged. Between tested reality and legends, what is clear is that AI technologies might change the insurance industry.
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INTERVIEW
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by Daniela GHETU, 2023-05-11
By the end of 2022, we made public our intention to start underwriting inwards reinsurance in the region. By doing this, Aldagi sets a precedent for the Georgian industry, being the first insurance company in the market that will also function as a reinsurer. By entering reinsurance business, the management of the Company plans to capitalize on the existing opportunities in the region.
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STATISTICS
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by Daniela GHETU, 2023-05-11
Romanian insurers ended 2022 with GWP worth EUR 3.34 billion, almost 16% up y-o-y. While the life insurance sector saw a rather stagnant evolution, growing by only 1.45% y-o-y, the non-life side recorded an almost 20% growth, to EUR 2.8 billion.
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by Marina MAGNAVAL, 2023-05-11
The insurance sector of Azerbaijan ended the first quarter of 202 | | |
