North Macedonia's Makedonija Osiguruvanje (Vienna Insurance Group (VIG) will propose to its shareholders to distribute a gross dividend of MKD 34 denars (EUR 0.55) per share for 2023. The insurer plans to distribute MKD 24.4 million as dividend for 2023 in total, SeeNews reports.

German insurance group Talanx informed it has started FY2024 with a strong first quarter exceeding the analysts' consensus of EUR 466 million with a preliminary consolidated net income of EUR 572 million. This development is primarily driven by the strong performance of the primary insurance activities.

Slovene re/insurer Triglav Group announced in a statement posted on the Ljubljana Stock Exchange web-site -the merger of its health insurer - Triglav Zdravstvena zavarovalnica with the Triglav Group's parent company.

Tennis legend Goran Ivanišević and the young tennis star, Luna Vujović, played an unusual exhibition match in Zagreb on the European Square, as part of the announcement of the establishment of the UNIQA SEE Future Foundation.

The Austrian UNIQA Group report, solvency capital report and sustainability report for 2023 was published confirming the “very positive developments of the companies in CEE, which made a substantial contribution of around 50% to its increased profitability.”

According to the 1Q2024 results, the list of 1000 largest taxpayers in Armenia included, as a year earlier, 3 insurance companies out of the existing 7: LIGA Insurance, Nairi Insurance and INGO Armenia (now INGO), ArmInfo reports.

Negotiations are underway with the Turkish Insurance Data Center about creation of a similar system to support digital transformation in the insurance sector in Azerbaijan, ABC.AZ wrote.

On April 12, 2024, the rating agency AM Best confirmed the financial strength rating at B++ (Good) and the Long-term issuer credit rating at bbb (Good) for the life insurance company - Halyk-Life. The outlook is stable, the insurer wrote on its website.

Among 6.4 million Kazakhstanis who insured their lives, only 1.5% did so voluntarily, as Zhanar Zhubaniyazova, chairman of the life insurance company - Halyk Life, said, Kursiv wrote.

In 2023, the income of 16 insurance companies operating in the insurance market of Kyrgyzstan increased 1.3 times y-o-y and amounted to KGS 3.8 billion (EUR 38.56 million). At the same time, the largest share of income (80% of the total) was received from insurance premiums, the National Statistical Committee of the Kyrgyz Republic reports.

The most significant challenges of the insurance industry in the field of regulation and development in the coming years are related to data and digitization.

The National Bureau of Insurers of Montenegro and the Montenegrin Actuarial Society organized the second edition of the Montenegrin Insurance Days - a conference named "New Horizons of Insurance". The event took place on April 22-24, at the Avala Hotel in Budva.

VIG Re, the reinsurance arm of Vienna Insurance Group, has published its Annual Report confirming preliminary financial figures communicated on 20th March 2024.

In 2023, the number of insured air vehicles in Georgia amounted to 84 units, which is 13% less y-o-y, according to the financial reports of insurance companies, commersant wrote.

Polish insurers wrote gross premiums worth EUR 18.14 billion in 2023, 17.6% up y-o-y. With a few exceptions, all business lines saw double-digit growth rates. Paid claims reached EUR 10.17 billion, 7.5% more than in 2022.

The Slovene insurance market grew by 9% in 2023, consolidated GWP reaching EUR 3.05 billion, which is 9% more y-o-y. At the same time, paid claims went up by almost 23%, to EUR 2.22 billion, driven by the compensations pai after the floods in June 2023.

Antoine GOSSET-GRAINVILLE mandate as Director and Chairman of the Board of Directors was renewed for a term of four years at the Shareholders’ Meeting held on April 23.

According to an examination of the P&C treaty renewals from January 2024 of the big four European reinsurance groups (Munich Re, Hannover Re, Swiss Re, Scor) by Litmus Analysis, suggest that recent measures to improve the quality of their reinsurance book may be contributing to a more differentiated approach to managing risk appetites and underwriting strategies in the current business environment.

GRAWE Carat, the leader of the insurance market in the Republic of Moldova, celebrated 20 years of successful activity. The anniversary event took place on Tuesday, 23 April at the Palace of the Republic in Chisinau and gathered representatives of the authorities of the Republic of Moldova, Austria and the EU, members of the management of the international concern GRAWE, customers, business partners, employees, and collaborators of the company.  

A new study by AgeCalculator.com reveals that Bulgaria saw the highest increase, of 13.26%, in the average retirement age between 2000 and 2020. Estonia and Latvia complete the Top 3 ranking. Other 4 CEE countries are included in the Top 10.