Insurance Newsletter No. 595, 19 May 2022
www.xprimm.com
TOP NEWS

VIG reports strong business growth in Q1 2022
by Andrei Victor, 2022-05-18
Austrian insurer Vienna Insurance Group posted Q1 2022 premium volume worth EUR 3.45 billion, up by 11.2% y-o-y or by EUR 348 million in absolute values. The insurer mentioned there has been premium growth across all business lines and segments, the largest increases being reported in MTPL (+18.8%), other property and casualty insurance (+15.2%) and health insurance (+11.6%).

More

Munich Re is enhancing the acceptance of artificial intelligence
by Marina MAGNAVAL, 2022-05-19
Munich Re, one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions, is enhancing the acceptance of artificial intelligence (AI) with its new CertAI validation service, the company said.

More

Bosnia and Herzegovina: The business of insurers operating in Bosnia's Federation expanded 9% y-o-y in the first four months
by Marina MAGNAVAL, 2022-05-17
The business of insurance companies operating in Bosnia's Federation expanded 9% y-o-y to BAM 196.5 million (EUR 100.5 million) from January to April this year, SeeNews reports according to what official data showed.

More

CROATIA: GWP of Croatia-based insurers increased 6.78% y-o-y from January to April
by Marina MAGNAVAL, 2022-05-17
GWP of Croatia-based insurers increased 6.78% y-o-y from January to April this year, reaching HRK 4.564 billion (EUR 605 million), SeeNews reports referring to the data of the Croatian Insurance Bureau.

More

ESTONIA: half of home-related insurance events last year caused by pipe leaks
by Marina MAGNAVAL, 2022-05-17
According to the Association of Estonian Insurance Companies (EKsL) last year local insurers paid out EUR 33 million for restoration of homes. There were a total of 18 thousand home-related insurance events and half of them caused by pipe leaks with a total loss of EUR 15 million.

More

LATVIA: LAA: The war in Ukraine has forced 24% of Latvians to think about savings for the future
by Marina MAGNAVAL, 2022-05-17
The war in Ukraine has made many Latvians think about their own and their family's financial safety and take measures to improve it - a quarter or 24% of Latvians have started to create savings, insure their lives or take legal action to settle their liabilities, according to the Latvian Insurers' Association (LAA) and the sociological research agency Norstat.

More

ARMENIA: MTPL loss ratio decreased in January-April 2022 to 67%
by Marina MAGNAVAL, 2022-05-19
According to the Bureau of Motor Insurers of Armenia, the number of vehicles with MTPL policy increased in January-April 2022 by 11.1% y-o-y (vs 5.5% in the same period in 2019). In quantitative terms, by May 2022, there were already 587,297 such vehicles, ArmInfo reports.

More

AZERBAIJAN: net profit of insurers in 2021 decreased by more than 27% y-o-y
by Marina MAGNAVAL, 2022-05-19
In 2021, net profit of the insurance sector of Azerbaijan amounted to AZN 66.04 million (~EUR 34.27 million), which is 27.8% less than in 2020. In the reporting period, the insurance sector's income decreased by 6.7% to AZN 923.64 million, ABC.AZ reports citing Interfax.

More

Allianz confirmed FY2022 operating profit target of EUR 13.4bn, plus or minus EUR 1 bn
by Andrei Victor, 2022-05-18
German insurance group Allianz informed that Q1 2022 total revenues rose by 6.2 % to EUR 44.0 billion (vs. EUR 41.4 billion), while the operating profit decreased by 2.9% to EUR 3.2 billion.

More

Munich Re Q1 2022 profit improved to EUR 608 million
by Andrei Victor, 2022-05-18
Global reinsurer Munich Re reported Q1 2022 profit of EUR 608 million (vs. EUR 589 million in Q1 2021), while gross premiums written increased substantially by 15.7% year on year to EUR 16.83 billion (EUR 14.55 billion), "supported by strong organic growth across all segments, especially in property-casualty reinsurance".

More

Zurich starts 2022 with strong business growth
by Andrei Victor, 2022-05-19
Zurich Insurance Group reported strong Q1 2022 business growth in both business lines. Thus, Property & Casualty (P&C) gross written premiums was up by 8% y-o-y to USD 11.93 billion, Life annual premium increased by 14% y-o-y to USD 996 million, while Farmers GWP expanded by 29% y-o-y to USD 6.88 billion.

More

AGCS posted Q1 2022 increasing business and operating profit
by Andrei Victor, 2022-05-18
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported Q1 2022 gross premium written worth EUR 3.025 billion, an increase of EUR 87 million vs. Q1 2021 (EUR 2.938 billion).

More

AGCS announced Property and Political Violence appointments
by Andrei Victor, 2022-05-17
Allianz Global Corporate & Specialty (AGCS) announced that starting on May 16, 2022, Mike MARTIN will be appointed Global Head of Property, reporting directly to Chief Underwriting Officer Corporate Shanil WILLIAMS. He joins AGCS from AIG and will succeed Maria GRACE who left AGCS in late 2021. He will be based in AGCS's Atlanta office.

More

Beazley and Chubb are the global market leaders as premiums in cyber insurance
by Andrei Victor, 2022-05-17
Beazley, Chubb, Munich Re, Fairfax Financial Holdings and AXA - were in 2021 according to Insuramore - the top 5 largest worldwide insurer groups' as GDPW (gross direct premiums written) from cyber insurance, and accounted together for more than 60% of global cyber insurance market estimated at USD 8.61 billion.

More

Green light for AXA S.A. as Group' s internal reinsurer
by Andrei Victor, 2022-05-17
French insurance Group AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance license from the Autorite de Controle Prudentiel et de Resolution (ACPR - the French Prudential Supervision and Resolution Authority), according to the previously announced transformation of AXA SA into AXA Group' s internal reinsurer

More

STATISTICS

STATISTICS: TAJIKISTAN, FY2021: voluntary insurance increased by more than 33% y-o-y
by Marina MAGNAVAL, 2022-05-17
According to the results of 2021, the insurance sector of Tajikistan amounted to TJS 287 million (EUR 22.43 million), which is 21.7% more than in 2020, according to the data published in the report of the National Bank.

More

ON THE MOVE

SCOR appointed Alexandre GARCIA as Head of PR & Corporate Communications
by Andrei Victor, 2022-05-17
French reinsurer SCOR announced the appointment of Alexandre GARCIA as Head of PR and Corporate Communications, with immediate effect.

Dr. Swenja SURMINSKI joins MMC as Managing Director of Climate and Sustainability
by Andrei Victor, 2022-05-17
MMC (Marsh McLennan) informed that Dr. Swenja SURMINSKI has joined the Marsh McLennan Advantage Insights team as Managing Director of Climate and Sustainability.


VIG

Omniasig

ERGO


EVENTS

FIAR - THE INTERNATIONAL INSURANCE-REINSURANCE FORUM
23rd Edition22 - 24 May 2022Sheraton HotelBucharest, Romania
12th International Conference Insurance Europe
Prague, Czech Republic2 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:
2 June 2022, 14:00 CET until 17:30 CET
22 June 2022, 14:00 CET until 17:30 CET
More detailshere


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 & Virtual2-4 November 2022Media Partner: XPRIMM PublicationsFor details: www.pionline.com/wps2022


Click here to unsubscribe instantly. Thank you for being with us. This message was sent to .