In 2023, insurers in Latvia paid for damages in more than 150 fires caused by problems with electricity, and this is 20% of the total number of fire damages paid by insurers, according to the data collected by members of the Association of Latvian Insurers (LAA).

Total business volume of Allianz in 1Q2024 rose by 5.3% to EUR 48.4 billion, driven by all business segments. The Property-Casualty business segment recorded good price-driven growth, while the increase in the Life/Health business segment was primarily due to favorable sales momentum in the United States and Italy, the company said in its report.

One of the leading insurers of Turkmenistan, Hazar Ätiýaçlandyryş presented its stand at the XXIII International Exhibition “White City - Ashgabat,” the electronic newspaper “Zolotoy vek” writes.

In 1Q2024 GWP of UNIQA Insurance Group AG including savings portions from unit-linked and index-linked life insurance increased by 10.9% reaching EUR 2,184.3 million (vs EUR 1,969.4 million in 1Q2023). In its press release the Group noted that property and casualty insurance and health insurance contributed to this growth.

The Gross insurance company for the third time was recognized as “Brand of the Year” by the Committee for the Development of Competition and Protection of Consumer Rights of the Republic of Uzbekistan and the Marketing Association of Uzbekistan, Gazeta.uz reports.

Dutch insurer NN informed that during the 2024 General Meeting, were adopted all proposals on the agenda of the 2024 annual general meeting.

The premiums written of Austrian insurance group UNIQA rose by 10.9% to EUR 2,184.3 million in the first three months of 2024 compared with the same period of the previous year (EUR 1,969.4 million). Above all, property and casualty insurance and health insurance contributed to this very pleasing growth.

Almost half of food and drink companies (48%) said that business interruption was the biggest internal risk to their success, closely followed by supply chain risk (40%), WTW’s 2024 Global Food and Beverage Risk Outlook, published today, found out.

Gross written premiums amounted to EUR 49.11 billion at regional level, up by 11.8% y-o-y. At the same time, claims paid seem to have remained at a comparatively constant level compared to 2022. According to available data, the paid claims at CEE level, Bulgaria and Serbia excluded as data for the full year are not available, increased by about 4.5%, while the total GWP may amount to about EUR 26.5 billion (including values estimated for Bulgaria and Serbia, based on Q3 results).

After a year in which nearly a fifth of companies reported having to restate earnings due to geopolitical events, companies saw another difficult year in 2024, with 69 percent reporting supply chain disruptions relating to geopolitics, according to How are leading companies managing today’s political risks? a new report by WTW, the global advisory, broking, and solutions company.

Ivana Jurčíková, VIG Re’s Chief Financial Officer, has been added to Hall of Fame of “the most influential women in the Czech financial sector” by #FinŽeny Project (Czech for Women in Finance), the reinsurance company announced.

In collaboration with OMNIASIG Vienna Insurance Group, Banca Comercială Română is expanding the George digital ecosystem with the introduction of George Smart Protect, the first insurance product tailored for micro-enterprises and sole proprietorships (PFA).

Digital financial services are inherently borderless, which raises the question of when a notification obligation is required on “cross-border provision of services” and, if so, how to classify these services - under FOE or FOS, Ante Žigman, President of the Croatian market authority, Hanfa said.

The MTPL market in Kazakhstan in January-March 2024 amounted to KZT 24.9 billion (~EUR 51.68 million), which is 12.6% less y-o-y. Also, the leader in this segment has changed, Allinsurance.kz writes.

In 1Q2024, the insurance sector of Kazakhstan grew by 27.56%, reaching KZT 366.55 billion (EUR 760.79 million). Paid claims of insurers increased by 31% to KZT 67.26 billion (EUR 139.61 million), as data published by the National Bank show.

At the end of 1Q2024, the insurance sector of Belarus amounted to BYN 633.59 million (EUR 180.93 million), which is 17% more y-o-y, as shown by data published by the Ministry of Finance of the Republic of Belarus.

At the end of 1Q2024, the insurance market of Azerbaijan grew by 7.56%, reaching AZN 373.14 million (EUR 203.68 million). However, paid claims rose by almost 50%, amounting to AZN 153.33 million (EUR 83.69 million), as statistics published by the National Bank show.

Swiss Re announced that Ivan Gonzalez, CEO Reinsurance China, has been appointed CEO Corporate Solutions, succeeding Andreas Berger as of 1 July 2024. He will join the Group Executive Committee at the same time.

Aegon announces the appointment of Duncan Russell as Chief Financial Officer (CFO), effective September 1, 2024. He will succeed Matt Rider, who will retire after over seven years of service to the company.

Marsh McLennan (MMC) announced that during its 2024 AGM stockholders elected the entire slate of 2024 director nominees for a one-year term expiring at next year’s annual meeting.