Swiss Re will propose the election of a new Chair of the Board of Directors at the 2024 AGM. This year's AGM will be held on 12 April 2024 in Zurich.

Total GWP of insurance companies operating in the Federation of Bosnia and Herzegovina increased 14.8% y-o-y reaching BAM 118.2 million (EUR 60.4 million) in January-February 2024, SeeNews reports referring to official data.

Estonia's largest property insurers have adopted the Swedish company CAB Group's MEPS software, which is used to calculate real estate renovations, for example, for home insurance customers.

As of February 1, 2024, the assets of insurance (reinsurance) organizations in Kazakhstan increased by 4.4% to KZT 2.6 trillion (~EUR 5.33 billion) mainly because of increased income from insurance activities. In the structure of assets, the largest share is occupied by securities – 67.8% (KZT 1.8 trillion), reports the Agency for Regulation and Development of Financial Market.

Last year, about 15% of MTPL claims based on settlement agreements were filed incorrectly. It is noted that during the first 8 months of 2023, 5,302 such applications were submitted, bizlaw.md writes.

On November 21 and 22, 2024 the International Insurance Fraud Conference will take place in Rikli Balance Hotel Bled, Slovenia, the Slovenian Insurance Association announced.

In 2023, INGO, which is among the top 10 insurers based on the 3Q results, paid out over UAH 1.172 billion (~EUR 27.82 million) to its clients, which is 74% more y-o-y. At the same time, the company's GWP increased by 50%, Forinsurer writes with reference to the insurer's annual report.

Premiums written by Austrian insurers during FY2023 stood at EUR 21.95 billion, an increase of 5.43% or EUR 1.13 billion compared with the preceding year. During the 4th quarter of 2023 alone, there was an increase in premium volume of +7.51% y-o-y to EUR 4.99 billion compared with Q4 2022, according to a press released by the Austrian Financial Market Authority (FMA)

According to the 2024 Political Risk Report recently released by the global insurance broker Marsh, despite continued volatility and uncertainty, there are substantial global growth opportunities that organizations may benefit from, if these risks are managed effectively.

Italian groups Generali ended 2023 with GWP of EUR 82.5 billion, 5.6% up y-o-y, and a record operating result of EUR 6.9 billion (+7.9%), thanks to positive contribution from all segments, led by P&C, the Group announced.

Austrian Vienna Insurance Group (VIG) reported GWP for the full year 2023 worth EUR 13.8 billion, 10% more y-o-y. Earnings before taxes reached around EUR 773 million, up by +32% y-o-y, while the insurance service revenue increased by 12%, to EUR 10.9 billion, VIG announced.

After the successful congress in Skopje, the Board of Actuaires du Monde decided to organizing a 2nd congress in Sarajevo (Bosnia & Herzegovina) - scheduled 30 & 31 May 2024, association has announced.

Regulators globally are taking growing interest in sustainability issues by applying actions and requiring more scrutiny around ESG issues. Yet, the regulatory landscape at the EU level is uneven, with varying levels of commitment to ESG goals among different countries.

Stemming from the dynamic and evolving nature of cyber risks, the cyber insurance business’ complexity is increasing fast. Insurers must navigate a landscape fraught with diverse and sophisticated threats and Developing an Appropriate Approach to the Cyber Risk Threat is instrumental.

With a new team at the helm at the market authority, several upgrades of the regulatory framework under way and market players’ strong willingness to improve the market environment, the Romanian insurance field is a business area worth exploring. The 25^th edition of FIAR – the International Insurance-Reinsurance Forum provides the ideal platform to meet these opportunities.

According to the YE 2023 MNB (the National Bank of Hungary) statistics, the local insurance market totaled at the end of last year about HUF 1,508 billion (EUR 3.94 billion), up by 5.65% y-o-y.

The Supervisory Board of Allianz SE has extended the mandates of Board Members Sirma Boshnakova and Guenther Thallinger. Guenther Thallinger joined the Allianz SE Board of Management in 2017, Sirma Boshnakova in 2022.

Global re/insurance broker Aon named two new leaders to bolster the advanced risk analytics capabilities within its Risk Capital unit, helping to accelerate innovation and unlock capital.

Re/insurance marketplace Lloyd’s announced its 2023 preliminary FY2023 financial performance. “The full results will be released on 28 March 2024, accompanied by guidance on expectations for Lloyd’s Full Year 2024 results”.

As of January 1, 2024, the assets of the insurance sector of Azerbaijan amounted to AZN 1.80 billion (~EUR 0.96 billion), which is 13.2% more than at the end of 2022, ABC.AZ writes with reference to the report of the Cabinet of Ministers for 2023.