The government has approved a draft decision that will allow digitalization of issuing Green Card policies. According to the Ministry of Finance, from November 1, 2024, the primary form of the document in paper format will be canceled and the possibility of its issuance in electronic form will be ensured, bizlaw.md writes.

Total premiums paid by citizens in travel insurance for traveling abroad in June, July and August reached EUR 2 million, which is 6% more y-o-y. At the same time, paid claims in travel insurance, for this period, increased by 89% and reached EUR 560,000, the Insurance Supervision Agency (ASO) informed.

In the first half of this year, the country's largest insurance company Lietuvos draudimas expanded its business, occupying 29% of the non-life insurance market in Lithuania and strengthening its market leadership position, the insurer wrote.

The number of Green Card policies issued in Ukraine in January-August 2024 decreased by 8.7% y-o-y and amounted to slightly over 1 million units, Forinsurer writes with reference to the MTIBU’s report (Motor Transport Insurance Bureau of Ukraine).

Floods in Central Europe could cause economic losses ranging from several hundred million euros to billions, according to the first estimates, as the region prepares for even greater damage, svijetosiguranja.eu writes.

As of 16 September, Angeliki Mouratidou is the new General Manager of Euroins Greece. Athanasios Smyrnis and Vasil Dimitrov remain in the company as Deputy Managers to provide their valuable support.

Generali has reached an agreement for the sale of its 99.99% stake in Generali Sigorta A.Ş. (Generali Sigorta Anonim Şirketi) to Kiler Holding A.Ş. (42% stake), Ekol Girişim Sermayesi Yatırım Ortaklığı A.Ş. (9% stake); Arex Yatırım Holding A.Ş. (48% stake) and Arex Sigorta A.Ş. (1% stake).

Kosovar insurers wrote gross premiums worth EUR 82 million in the first half of 2024, 16.78% more y-o-y. Paid claims reached EUR 35 million, decreasing by 3.3% y-o-y.

The insurance market of Lithuania totaled EUR 790.6 million at end-June 2024, up by 11% y-o-y, according to the quarterly market figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims for insurance losses worth EUR 341 million, up by 13.25% y-o-y.

The insurance market of Montenegro totaled EUR 68.23 million at the end of H1 2024, up by 13.95% y-o-y or by EUR 8.3 million, according to the half-year figures published by the local Insurance Supervision Agency (ISA). Gross written premiums from non-life insurance represent 81.35% of total insurance market - about EUR 55.5 million, up by 12% y-o-y while, while life business GWP was up by 23.11% y-o-y to EUR 12.7 million.

The recent publication of the much awaited report on EU competitiveness by Mario Draghi, the former European Central Bank president, has raised important questions around how to close the massive investment and innovation gaps in Europe.

On 5 September, the Executive Board of the Association of Insurance Companies of the Republika Srpska (RS) has requested the RS’s Insurance Agency to increase MTPL insurance premiums by 1.5%, to secure funding for the Protection Fund's central electronic records system.

According to the Bureau of Motor Insurers of Armenia, from September 18, the maximum damage threshold for the European Accident Statement will be increased to AMD 400,000 (~EUR 940) from the previous AMD 200,000, ArmInfo writes.

For the period from January to July 2024, the insurance market in Belarus amounted to BYN 1,491.5 million (~EUR 0.42 billion), as reported by the Ministry of Finance of the Republic of Belarus. It is noted that the market grew by 16.4% y-o-y.

At the end of June, 2024, the assets managed by insurance companies operating in Bulgaria reached BGN10.82 billion (EUR 5.5 billion), which indicates a 6% increase y-o-y, SeeNews reports referring to the Central Bank’s statement.

At the end of the 2Q the average MTPL annual premium for passenger cars rose by 10% y-o-y to HUF 57,000 (~EUR 144.44). This also indicates an increase of 1.6% compared to the previous quarter's value, according to the Magyar Nemzeti Bank (MNB), Portfolio.hu reports.

Compulsory insurance of civil liability of carriers to passengers in Kazakhstan in January-July 2024 amounted to KZT 1.9 billion (~EUR 3.71 million), which is 11.6% more y-o-y. It is noted that a year earlier the segment’s growth was 13.6% (according to calculations by Ranking.kz), Allinsurance.kz writes.

The insurers have already paid out EUR 13 million for the damage caused by the storm at the end of July, which includes compensation for the damage caused to property, agricultural crops and vehicles, according to the data collected by the Latvian Insurers Association (LAA) as of September 11.

(Motor Transport Insurance Bureau of Ukraine) MTIBU paid UAH 44.9 million (~EUR 1.02 million) from the Bureau's Victims Protection Fund in July, which is 17.5% more than in the previous period. At the same time, the number of regulatory payments increased by 12.2% to 695, Forinsurer writes.

The state health insurance system will be introduced from October 1 in Tashkent and the Syrdarya region, and from January 1, 2025 — in Karakalpakstan, Gazeta.uz reports.