Starting from January 1st, 2025, countries within the Green Card circulation area must accept International Motor Insurance Certificates (IMIC), also known as 'Green Cards', in either paper or electronic PDF format as proof of insurance, the COB has reminded.

The Global Federation of Insurance Associations (GFIA) has responded to a paper by the International Association of Insurance Supervisors’ (IAIS) which proposes ways the insurance industry can ensure the fair treatment of diverse consumers.

The fourth "Days of Insurance in Bosnia and Herzegovina" conference, organized by the Association of Insurance Companies in the Federation of Bosnia and Herzegovina, was held on September 26 and 27 at Hotel Hills in Ilidza.

From October 1, 2024, there will be significant digitization in liability insurance. Online insurance registration will allow drivers to no longer keep Green Card policies with them, even in electronic form, the Czech Office of Insurers wrote.

This year, over 450,000 motor insurance price comparisons have been made via online calculator of the Estonian Traffic Insurance Fund (LKF). As of July 1, 2024, 882,000 motor insurance contracts were valid in Estonia, with an average annual premium of EUR 151.

From January to July 2024, the growth rate of insurance sales in Kazakhstan increased significantly y-o-y. New leaders have emerged, demonstrating large sales volumes, according to the Chairman of the Board of Freedom Insurance Azamat Kerimbayev, Allinsurance.kz writes.

The Central Bank of Azerbaijan (CBA) signed a Memorandum of Understanding with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), aimed at expanding the use of Islamic insurance services in the country, Trend reports.

The Executive Board of the German Insurance Association re-elected Norbert Rollinger, CEO of R+V Versicherung AG (60), as President of the (GDV), two years after initially taking office.

Olav Jones, Deputy Director General Insurance Europe, has been selected as Chair of European Insurance and Occupational Pensions Authority (EIOPA)’s Insurance and Reinsurance Stakeholder Group (IRSG).

He will work closely with vice-chairs Paul Fox and Liisa Halme Vuori (she/her), and all 30 members who represent a wide range of stakeholders including consumer organizations, academia, professional associations, employees and the industry.

“Insurance is an important enabler of modern living and plays a key role in addressing some of Europe’s biggest current and future challenges, including climate change, ageing populations, and the need for massive investment. Our IRSG meetings and discussions allow us to share knowledge, increase mutual understanding of each other's views and concerns, and, based on this, provide advice and input to EIOPA,” Jones stated in a post on LinkedIn.

Polish insurance market’s leader PZU has announced it has paid until 25 September a total of over PLN 111 million (~EUR 26 million) in advances and compensations, to help victims of the recent floods that have hit Central Europe, significantly affecting also Poland. The company has already issued decisions regarding 70% of the claims reported by clients.

The insurance sector of Kyrgyzstan in 1H2024 grew by 29%, reaching KGS 1,907.83 million (EUR 20.63 million), according to the data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.

In 1H2024, the insurance sector of Kazakhstan grew by 28.31%, reaching KZT 754.52 billion (EUR 1.49 billion). Insurers' paid claims increased by 25.69% to KZT 149.94 billion (EUR 297.04 million), as data published by the National Bank show.

A new Geneva Association report, authored by Ruo (Alex) Jia, Director Digital Technologies, The Geneva Association; Associate Professor of Insurance, Peking University, examines how insurers are developing and using digital platform ecosystems and their benefits and challenges.

Gross direct premiums written for the global auto (motor) insurance market rose to around USD 922.5 billion in 2023, Insuramore’s recently published ranking shows. American insurer State Farm was the world’s largest underwriting group in this sector last year.

According to the Czech National Bank data, Czech insurers ended H1 2024 with GWP worth EUR 4.63 billion, a total slightly superior to the H1 2023 one (+2.6%). Paid claims have also remained quasi stable, increasing by 1.85%, to EUR 2.28 billion.

GWP by the Slovak insurers amounted, according to the official statistics of the Slovak National Bank, to EUR 1.05 billion in H1 2024, which is by 7.25% more y-o-y.

Total premium generated in the Türkiye insurance market increased in local currency by almost 81% during the first half of 2024 to TRY 380.4 billion (EUR 10.8 billion), according to the figures released by the Insurance Association of Turkey (TSB).

As of September 1, 2024, MTPL loss ratio in Armenia reached 79.1% (from 65% last year), ArmInfo writes with reference to data from the Bureau of Motor Insurers of Armenia.

In the first half of the year, Wiener osiguranje collected EUR 75.5 million in premiums and ranked third on the domestic insurance market. While its total premium income recorded a 5.2% annual growth, in the non-life insurance the pace was twice as fast (11.1%), osiguranje.hr reports.

This summer, the number of claims related to vehicle collisions increased significantly – by 63% y-o-y. In summer only, BALTA (PZU group) insurance company paid out almost EUR 3.2 million so far for road transport collisions, the Latvian Insurers Association reports.