NN Hellas, member of the NN Group, announced it will take steps towards further improving the claims management process by exploring possibilities of cooperating with DGTAL by testing AI-powered application GRABBER and its Intelligent Document Processing (IDP) capabilities.

Stability Re will provide binder capacity to Stability Risk and underwrite specialty and casualty lines such as directors & officers liability, public & product liability, professional indemnity, contingency and cyber.

Optio Group, a leading specialty MGA, announced the acquisition of Den Hartigh Beheer & Exploitatie B.V., a Netherlands and Brussels based MGA specialising in B2B insurance solutions.

Data is at the core of the insurance sector. Without data, insurers would be unable to assess the risks consumers wish to be protected against, develop and price their policies, process consumers’ claims or spot fraud. As data processing lies at the very heart of their business, insurers are aware of the value of data and the importance of protecting it.

The international rating agency Standard & Poor's (S&P) has given the Vienna Insurance Group (VIG) an excellent rating of "A+" and a Stable Outlook. The "A+" rating with a stable outlook of the group's own reinsurance company VIG Re, based in Prague, was also confirmed.

2024 is a pivotal year for global politics, with elections impacting half the world. In the EU, citizens took to the polls to elect the next European Parliament which sits for the first time on 16 July. The elections kick-started a series of institutional changes, including the European Council setting out it's priorities for the next five years and the start of a new European Commission mandate in autumn this year.

Organized by the Slovenian Insurance Supervising Agency (AZN), the 9th International Insurance Conference will take place under the titles It’s getting hot. Temperature is rising, is Insurance #COOLing? on 5 September, in Ljubljana.

The insurance industry has set out its priorities for a more prosperous, resilient, and competitive European Union. It calls on EU policymakers to reduce protection gaps, continue to tackle climate change, increase private investment, and take a new approach to regulation.

Marsh McLennan claims the top spot in BEST’S REVIEW Top 20 Global Brokers 2024, for the 14^th consecutive year, increasing its revenues by USD 2 billion in 2023 against the previous year, to USD 22.7 billion.

The registration for the 11th Joint Consumer Protection Day organized by the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) on 3 October 2024 in Budapest, Hungary is now open. Interested stakeholders can register until 2 September 2024.

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has selected new members for the Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG), starting their four-year mandate on 4 July.

Generali announced its support for the Insurance Development Forum’s Infrastructure Resilience Development Blueprint, an initiative aiming to mobilize and facilitate insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters.

Zavarovalnica Triglav issued a 20.5-year subordinated bond (Tier 2 under Solvency II), callable after 10.5 years as part of the Triglav Group's regular capital management activities.

Staying true to its “living better together” motto, Austrian UNIQA Group is taking a further step beyond the traditional insurance business by establishing a new subsidiary, UNIQA Sustainable Business Solutions, that will support corporate customers in risk issues, transformation and ESG topics.

Acrisure Re, the (re)insurance division of global Fintech leader Acrisure, announced that its facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers (Specialty Re), for facultative Stock Throughput and Property business, effective immediately.

The Slovenian insurance market totaled EUR 746.2 million at the end of March 2024, an 9.6% decrease y-o-y, according to the Slovenian Insurance Association's quarterly figures. Life insurance GWP posted a positive double-digit rate of +10.1% y-o-y to EUR 217.4 million, while the general insurance segment decreased by -15.8% y-o-y to EUR 529 million (or 70.8% of total GWP) due to the over 90% decrease in health insurance, from EUR 175 million in Q1 2023 to ~EUR 15 million at the end of March 2024.

The aggregate Q1 GWP reported by Hungarian insurers totaled HUF 458 billion (~EUR 1.2 billion), 8.62% more y-o-y, according to the Q1 statistics published by the Central Bank of Hungary. The life insurance business accounted for 33.3% and the non-life insurance business accounted for 66.6% of total premium income.

Based on the decision of the Bureau’s Board of Trustees, Vusal Masiev has been appointed executive director of the Compulsory Insurance Bureau (ISB), Trend reports.

Global re/insurance broker Aon announced that Paul Davies has decided to retire as vice chair of Aon plc after a remarkable thirty-six years at the firm and sixty-three years in the brokerage industry.

S&P Global Ratings affirmed the "A" financial strength and issuer credit ratings with a stable medium-term outlook of the Triglav Group and thereby of its parent company Zavarovalnica Triglav and the Group member Pozavarovalnica Triglav Re. All individual elements of this year's rating are at the same level as last year and the rating is based solely on an assessment of the Group's standalone credit profile.