Italian insurer Generali announced the appointment of Cecile Paillard as Group Chief Transformation Officer (CTO), effective as of September 2nd 2024, directly reporting to the General Manager, Marco Sesana.

Aegon's Annual General Meeting of Shareholders (AGM) approved all resolutions on the agenda, as the Dutch insurer informed in a statement.

While car sales in the EU fell in May, Croatia again recorded double-digit growth, according to data from the ACEA manufacturer association, osiguranje.hr writes.

Finland received the 2024 European Transport Safety Council (ETSC) prize for outstanding progress in road safety as the country reduced road deaths by a substantial 29% over the decade to 2023, while the average decline in the EU was just 16%, the European Transport Safety Council said in its press release.

The value of paid claims for private health insurance from January through May this year grew by 28.5% y-o-y. Insureds received MKD 324.4 million (EUR 5.3 million) from insurance companies for medical expenses covered by their private health insurance policies in the first five months, according to data submitted by insurers to the Insurance Supervision Agency (ASO).

On June 17, 2024, the President of Ukraine signed the law “On mandatory insurance of civil liability of owners of land vehicles”, which will ensure further development of this market and bring it closer to EU standards, Forinsurer reports.

Zurich announced the successful completion of acquiring majority stake in Indian insurer Kotak General Insurance from Kotak Mahindra Bank Limited, following the receipt of all necessary regulatory approvals.

Credit rating agency Fitch has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook, as the Bulgarian holding informed in a statement.

At the end of March 2024, the BiH insurance market totaled EUR 132.7 million (BAM 259.44), up by 13.12% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 9.78% y-o-y to EUR 54.49 million.

Albanian insurance market posted Q1 2024 GWP of ALL 5.2 billion (~EUR 50.8 million), or 1.7% more y-o-y, according to the quarterly figures published on the website of the local financial supervisory authority - AFSA. The statistics published by the Albanian FSA include the figures from 12 insurance companies operating in the country: four life insurers and eight non-life.

Today started in Baku the 2024 edition of the Azerbaijan International Insurance Forum, event organized by the Azerbaijan Insurers Association and XPRIMM, with the official support of the Central Bank of the Republic of Azerbaijan.

According to the Georgian Insurance Supervision Service, at the end of the first quarter of 2024, the insurance market grew by 22.21% in local currency, amounting to GEL 397.73 million (EUR 136.85 million).

In 1Q2024, the market amounted to RUB 578.4 billion (EUR 5.81 billion), which is 5.5% more y-o-y in local currency. At the same time in euros the market result was negative (-10.86%). The Central Bank notes in its review of key performance indicators of insurers that the growth of the market has slowed down from 21.2% in 1Q2023.

The world is facing multiple interconnected crises which bring about ever-more complex risks, finds Swiss Re's 12th SONAR emerging risk report. It explores critical topics of the future to foster better understanding of new or changing risks, their interactions and dependencies.

At the General Assembly of the Adris Group, as a part of the presentation of Adris Group companies, Management Board of CROATIA osiguranje d.d. informed about business performance in the past year as well as trends in the first six months of the current year.

Guy Carpenter, the reinsurance broker of Marsh McLennan, announced the formation of the Capital & Advisory group as part of its Global Capital Solutions unit. The business also announced the appointment of Alexander Schnieders as global head of Capital & Advisory, reporting to Laurent Rousseau, CEO of Europe, IMEA and Global Capital Solutions.

The Board of Directors of KBC Group NV has decided to appoint Bartel Puelinckx as new Chief Financial Officer and member of the Executive Committee of KBC Group. He will succeed Luc Popelier, who resigned to take up the position of CEO of Hamburg Commercial Bank (Germany) as of 1 September 2024.

According to the recently approved amendments to the Road Insurance Law, the maximum compensation amount for a road accident will increase to EUR 6.45 million from July 15. And from December 1 this year, traffic insurance will be extended to unregistered vehicles such as electric scooters and off-road vehicles, the Estonian Traffic Fund (LKF) announced.

According to a survey conducted this year by Századvég, more than four-fifths of customers are satisfied with the work of insurance companies, the Association of Hungarian Insurers (MABISZ) said.

Private health insurance has been, as before, the most popular insurance during the first five months of this year, while property insurance has been the largest.