TOP NEWS
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by Daniela GHETU, 2023-06-08
Storm, hail and lightning caused immense damage across Germany in 2022. However, there was largely no major damage from other natural hazards such as heavy rain and flooding, an article recently published on the German Insurers Association's website reads.
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by Daniela GHETU, 2023-06-08
While the increase in natural disasters and extreme weather events is obvious, preparations for them in Austria are rather sluggish and the risks are still being greatly underestimated Christian Eltner, General Secretary of the Austrian Insurance Association VVO stated recently.
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by Daniela GHETU, 2023-06-07
The General Meeting of Shareholders of Zavarovalnica Triglav d.d., approved the allocation of EUR 56.8 million for dividend payment or EUR 2.50 gross per share. This represents more than 50% of the Triglav Group's net profit for 2022 and a 7% dividend yield.
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by Daniela GHETU, 2023-06-07
The shareholders of Slovenian Sava Re Group adopted the proposal of the management and supervisory boards to use EUR 24.8 million of the profits for dividends. The dividend is EUR 1.60 gross per share, payable on 21 June 2023 to shareholders of record on 20 June 2023.
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by Marina MAGNAVAL, 2023-06-07
In the first quarter of 2023, the market leader, O'ZBEKINVEST, retained its leadership in the market for compulsory insurance of civil liability of vehicle owners. At the same time, the client base increased by 26% y-o-y, and GWP amounted to UZS 10 billion (+40%), according to the insurer.
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by Marina MAGNAVAL, 2023-06-07
The assets of insurance (reinsurance) organizations of Kazakhstan at the end of April 2023 amounted to KZT 2.3 trillion/~EUR 4.63 billion (+9.7% since the beginning of 2023), mainly as a result of an increase in income from insurance activities, Allinsurance.kz wrote with reference to the Agency of the Republic of Kazakhstan for the regulation and development of the financial market.
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by Marina MAGNAVAL, 2023-06-08
According to the data collected by the Polish Insurance Association (PIU), at the end of March this year, 4.3 million Poles were covered by private health insurance, which is 12.5% more y-o-y. The quarterly GWP for this type of insurance reached PLN 454.4 million (~EUR 96.88 million), Gazeta Ubezpieczeniowa wrote.
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by Daniela GHETU, 2023-06-08
Since the end of May, two photovoltaic systems have been supplying Vienna Insurance Group's headquarters in the Austrian capital city with sustainable solar power. VIG expects this technology will make a valuable contribution to the Group's sustainability strategy as this is a significant part of its business model.
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ON THE MOVE
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by Daniela GHETU, 2023-06-07
Ante Zigman, President of the Board of the Croatian Financial Services Supervisory Agency (HANFA) was appointed by the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA), to the institution's Management Board. He will serve as Chair of the Risks and Financial Stability Steering Committee.
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by Marina MAGNAVAL, 2023-06-07
The Chairman of the Board of Directors of one of the leaders in the insurance market, PASHA Sigorta, has been replaced, ABC.AZ reports.
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by Daniela GHETU, 2023-06-08
A new mandate for Dinu GHERASIM as President of the Board of Directors and General Manager at DONARIS VIG, the local subsidiary of the Vienna Insurance Group, was approved by the National Financial Market Commission (CNPF) of Republic of Moldova, on June 6.
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by Daniela GHETU, 2023-06-08
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, announced the appointment of Laurent Rousseau to the newly created position of Guy Carpenter CEO of EMEA and Global Capital Solutions, effective September 4, 2023.
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by Daniela GHETU, 2023-06-08
Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer
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STATISTICS
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by Andrei Victor, 2023-06-07
At the end of March 2023, the BiH insurance market totaled EUR 117.27 million (BAM 229.35 million), 9.32% more y-o-y, according to the quarterly market figures published by the local insurance agency - AZOBIH.
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by Andrei Victor, 2023-06-07
Estonian insurers posted aggregate business worth EUR 154.89 million in Q1 2023, or 18.58% more y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.
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by Andrei Victor, 2023-06-07
During January-March 2023, the Lithuanian insurance market grew by 20.50% y-o-y to EUR 351.92 million, while the value of payments expanded by 24.58% y-o-y to EUR 153.77 million, according to the market figures published by the Bank of Lithuania. It is worth mentioning that the value of payments includes only claims paid for insurance losses.
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by Andrei Victor, 2023-06-07
The insurance market of Cyprus totaled EUR 306 million at the end of Q1 2023, up by 11.83% y-o-y, according to Insurance Association of Cyprus - IAC's data. Gross claims incurred increased by 12.22% y-o-y to EUR 129.16 million, of which EUR 59.40 million - life indemnities (+1% y-o-y), EUR 69.75 million - non-life (up by 23.96%).
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by Marina MAGNAVAL, 2023-06-07
According to the 1Q results, the insurance sector of Ukraine grew by 6.22% to UAH 10.11 billion, based on the data published by the National Bank. The market was supported by non-life insurance, while life insurance dropped by almost 13%.
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