Srđan Amidžić, Minister of Finance and Treasury of Bosnia and Herzegovina, speaking at the third "Days of Insurance of the Republic Srpska" (DORS) conference noted that the insurance market participants aren’t satisfied with the current situation in the sector.

The net profit of insurance companies in the Republika Srpska last year amounted to 30,369,942 KM, according to the report of the Insurance Agency of Srpska, osiguranje.hr writes.

Chubb announced the appointment of Tim Benson as Executive Vice President, Multinational Insurance Leader, effective October 30. Tim succeeds Laura Vest, who is retiring from the company after 20 years.

The 20th Insurance Conference of the Insurance Institute of Cyprus (IIC) will take place on November 12 at the Nicosia Hilton. Cyprus Insurance News is a sponsor of the conference.

The Healthcare Liability Insurance Act enters into force soon, and by the beginning of December all Estonian healthcare service providers must have a liability insurance contract. A few weeks ago, only PZU Insurance offered this type of insurance, and now international insurance brokers have also joined, err.ee writes.

On October 21, 2024, the Social Policy Committee of the Zhogorku Kenesh of the Kyrgyz Republic approved in the first reading the draft Law of the Kyrgyz Republic "On insurance and insurance activities" in a new edition.

Despite the unfavorable environment, the bancassurance sector in 1H2024 achieved one of the best results in recent years. This was primarily the effect of the bank distribution of property insurance, which achieved a double-digit increase in premiums, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.

The Insurance Forum 2024 conference will take place on November 13, 2024 at the AC hotel by Marriott in Bratislava, and the registration is open, the SLASPO (Slovak Insurance Association) announced.

TAS Insurance Group (one of the top 20 insurers in Ukraine) collected UAH 3.47 billion (~EUR 75.80 million) in premiums in the first 9 months of 2024, which is 36.7% more y-o-y, Forinsurer writes.

Global insurance and reinsurance broking group Aon has reported a 26% y-o-y rise in total revenue to USD 3.7 billion for the third quarter of 2024, reflecting acquired revenues from NFP and 7% organic revenue growth.

Re/insurers professionals that attended the annual Baden Baden Meeting this year had the opportunity to get the first copies of three new XPRIMM reports: XPRIMM Insurance Report 1H2024, Insurance Profile Türkiye FY2023+1H2024; Insurance Profile Georgia FY2023+1H2024.

The publications were displayed and available for free at the XPRIMM stands in Kurhaus Baden-Baden, Bénazetsaal, as well as at all the meeting locations in Baden Baden.

For those that didn’t get their copy in Baden Baden, all XPRIMM reports are available for online reading at: 

The Baden Baden Meeting 2024 hosted an evening dedicated to the Georgian insurance market. International business peers of the Georgian insurers had the opportunity to meet the Georgian insurance professionals and also get the latest issue of the XPRIMM Insurance Profile Georgia FY2023 and 1H2024.

According to data provided by HANFA – the Croatian Financial Services Supervisory Agency, at the end of September 2024 the total premium collected by the local insurers amounted to EUR 1.43 billion, of which EUR 0.25 billion (12.18% y-o-y growth) related to life insurance premium and EUR 1.18 billion (10.6% y-o-y growth) to non-life insurance premium.

At the end of September 2024, the insurance market of Montenegro totaled EUR 102.6 million, 12.7% more y-o-y, while the value of paid claims by insurers totaled EUR 42.64 million, up by 22.84% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.

German insurers are preparing for significant losses due to recent floods in southern Germany, with early reports already coming in, according to GDV Managing Director Jörg Asmussen. However, it's too soon to estimate the full extent of the damage until water levels recede.

NFP, an Aon company and leading international insurance brokerage and consultancy, announced its acquisition of IHI Group, a Dublin-based advisory firm specialising in financial planning, healthcare and general insurance needs, Aon said in its press release.

The 11^th edition of the AXA’s Future Risks Report highlights the growing complexity of managing risks, making decisions and tackling challenges in a world marked by rapid technological advances and increasingly interconnected risks, from geopolitics to security to misinformation.

Last year, there were 71 deaths per million inhabitants in Croatia, while the average in the EU was 46, osiguranje.hr reports.

According to Mart Jesse, chairman of the board of the Estonian Insurance Association (EKsL), mandatory liability insurance of health care providers, or patient insurance, is an important milestone in Estonian health care, which increases confidence of both health care workers and patients, the Association said.

Moody’s Ratings has confirmed Generali Group’s insurance financial strength rating (IFSR) at A3 with a stable outlook, according to the Generali’s press release.