Insurance Newsletter No. 592, 28 April 2022
www.xprimm.com
TOP NEWS

Insurance comparison sites or aggregators' revenues in 2021 reached USD 6.7 billion globally
by Daniela GHETU, 2022-04-28
Revenues earned worldwide by insurance marketplaces (a.k.a. insurance comparison sites or aggregators) are likely to have had a value of around USD 6.74 billion in 2021, an analysis completed by Insuramore shows.

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CROATIA: the Croatian Insurance Days 2022 conference to start on May 04
by Marina MAGNAVAL, 2022-04-27
The Croatian Insurance Days will take place from 4 to 6 May at the Amadria Park Grand Hotel 4 Opatijska cvijeta, and participants still may register until 28th of April. This is considered as the most important gathering of the insurance professionals in Croatia.

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LITHUANIA: the insurance market has overcome the pandemic effects, but new challenges may affect its development
by Marina MAGNAVAL, 2022-04-27
According to the Bank of Lithuania, in 2021 the insurance market was profitable, but the trends were different: profits of life insurance companies were growing, while those of non-life companies were declining. The entire insurance market grew by about 9% last year.

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NORTH MACEDONIA: Osiguruvanje Makedonija - VIG to pay dividend for 2019, 2020
by Marina MAGNAVAL, 2022-04-27
North Macedonia's Osiguruvanje Makedonija - Vienna Insurance Group (VIG) plans to propose to its shareholders to distribute a total gross dividend of MKD 100 denars (EUR 1.6) per share for 2019 and 2020, SeeNews reports. To compare - for 2018 the company paid a gross dividend of MKD 62 denars per share.

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POLAND: ERGO Hestia, Beesafe and Aviva awarded during the Gala of Banking and Insurance Leaders
by Marina MAGNAVAL, 2022-04-27
On Thursday, April 21, 2022, the Banking and Insurance Leaders Gala was held at the Westin Hotel in Warsaw, which was the culmination of the spring edition of the Banking & Insurance Forum, Gazeta Ubezpieczeniowa informed being the main media partner of the event's insurance part.

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Aegon completes sale of Turkish business to VIG
by Andrei Victor, 2022-04-27
Dutch insurer Aegon announced the completion of the divestment of its business in Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG).

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NN Group completes the acquisition of MetLife's businesses in Poland and Greece
by Andrei Victor, 2022-04-27
On 22nd April, NN Group announced the completion of the acquisition of MetLife's businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022. NN Group completed the acquisition of MetLife's businesses in Greece on 31 January 2022.

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ARMENIA: tax payments of insurers in 1Q increased by more than 35% y-o-y
by Marina MAGNAVAL, 2022-04-27
According to the 1Q2022 results, the insurance sector of Armenia increased tax payments to the state budget by 35.3% y-o-y, having paid AMD 667.7 million (~EUR 1.25 million), ArmInfo reports according to the State Revenue Committee of the Republic of Armenia.

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AZERBAIJAN: GWP of A-Group for the first quarter of 2022 increased by 18% y-o-y
by Marina MAGNAVAL, 2022-04-27
GWP growth of the insurance company A-Qroup for the first quarter of 2022 amounted to 18%. According to the insurer, total volume of premiums from January to March reached AZN 4.86 million (~EUR 2.58 million), Trend reports.

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BELARUS: a model law on compulsory motor insurance to be developed in the Union State of Belarus and Russia
by Marina MAGNAVAL, 2022-04-27
According to the press service of the Parliamentary Assembly of the Union of Belarus and Russia, following the last meeting of the Parliamentary Assembly Commission on Legislation and Regulations, it was decided to develop a model law on compulsory motor insurance, BELTA informed.

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BELARUS: Belarusian association of insurers: MTPL and health insurance are leading the market
by Marina MAGNAVAL, 2022-04-27
MTPL and health insurance continue to lead the market. In 2021 MTPL segment in Belarus reached BYN 206.77 million (+10.2%)/~EUR 71.73 million. Paid claims in the segment amounted to BYN 152.2 million (+15.5%), according to the new edition of "Insurance in Belarus", prepared by the Belarusian Association of Insurers.

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STATISTICS

STATISTICS: SIGAL UNIQA, ILLYRIA and SCARDIAN were the biggest insurers in Kosovo in 2021
by Andrei Victor, 2022-04-27
SIGAL UNIQA, ILLYRIA and SCARDIAN are, in terms of FY2021 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2021 Annual Report.

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STATISTICS: Cypriot insurers' 2021 GWP expanded to EUR 962 m
by Andrei Victor, 2022-04-27
Cypriot insurers posted 2021 aggregate GWP of EUR 962 million, up by EUR 45 million (or by 4.9% y-o-y), according to the year-end market figures report published by the Insurance Association of Cyprus - IAC.

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STAND BY UKRAINE

SCOR's Q1 2022 results will be impacted by the conflict in Ukraine
by Andrei Victor, 2022-04-27
French reinsurer SCOR announced, its Q1 2022 results will be impacted by the conflict in Ukraine. "Since the beginning of the war in Ukraine on 24th February 2022, SCOR has been closely monitoring the unfolding of events, and the resulting potential impact of the conflict and related international sanctions on its activity".

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TOP EVENT

Petr JAKUBIK, Katrin KROEGER and Matteo CARBONE are Keynote Speakers at the Insurance Market Trends Conference within FIAR 2022
by XPRIMM, 2022-04-28
The Insurance Market Trends Conference at FIAR 2022 will address three of the most challenging issues in the current insurance landscape, benefitting from the expertise of three top ranked keynote speakers: Petr JAKUBIK, Financial Stability Team leader, EIOPA, Matteo CARBONE, Founder and Director, IoT Insurance Observatory and Katrin KROEGER, Natural Catastrophe Expert, Swiss Re.

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12th International Conference of Insurance Europe will take place on 2 June, in Prague
by Daniela GHETU, 2022-04-28
Insurance Europe, the European insurance and reinsurance federation, will hold its 12th International Conference at the Zofin Palace in Prague, on 2 June. XPRIMM is supporting the conference as Media Partner.

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ON THE MOVE

Lloyd's appoints Yelhis HERNANDEZ as Market Development Manager for Central America
by Andrei Victor, 2022-04-27
Lloyd's of London announced the appointment of Yelhis HERNANDEZ as Lloyd's Market Development Manager for Central America. She assumes the role in addition to her responsibilities as Country Manager for Mexico.


VIG

Omniasig

ERGO


EVENTS

Croatian Insurance Days
Opatija, Croatia
4-6 May, 2022
Organizer: Croatian Insurance Bureau
Media Partner: XPRIMM Publications
For details: dani-osiguranja.huo.hr


9th AIDA Europe Conference
Zurich, Switzerland
18-20 May 2022
Organizer: AIDA Europe
Media Partner: XPRIMM Publications
For details: aidainsurance.org

FIAR - THE INTERNATIONAL INSURANCE-REINSURANCE FORUM
23rd Edition 22 - 24 May 2022 Sheraton Hotel Bucharest, Romania
12th International Conference Insurance Europe
Prague, Czech Republic 2 June 2022,
Media Partner: XPRIMM Publications
For details: insuranceeurope.eu

MAA Webinars: Estimating claim liabilities in the North Macedonian market Organizers:

Macedonian Actuarial Association
Association Actuaires du Monde
Sessions:
11 May 2022, 14:00 CET until 17:30 CET
2 June 2022, 14:00 CET until 17:30 CET
22 June 2022, 14:00 CET until 17:30 CET
More details here


DIA Amsterdam 2022
Taets Art & Event Park.
29-30 June, 2022
Organizers: Reggy de Feniks and Roger Peverelli
Media Partner: XPRIMM Publications
For details: https://www.digitalinsuranceagenda.com

WorldPensionSummit 2022
Location: Louwman Museum, The Hague, The Netherlands & Virtual 2-4 November 2022 Media Partner: XPRIMM Publications For details: www.pionline.com/wps2022


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