The GWP of Kosovo insurers increased by over 9% y-o-y to EUR 146.50 million during January-December 2023 while total gross claims paid increased by 11.5% y-o-y to EUR 71.70 million, according to the official monthly figures published on the website of the Central Bank of Kosovo showed.

North Macedonia's insurance companies reported aggregate FY2023 business worth MKD 14.3 billion (~EUR 233 million), up by 12.2% y-o-y, according to the preliminary year-end market figures published on the country's Insurance Supervision Agency website. Claims paid by insurers increased by 13.9% to MKD 5.8 billion (~EUR 95 million), of which MKD 5.0 billion - non-life payments and MKD 0.8 billion - life indemnities.

A total of 57,347 Green Card contracts were issued in Azerbaijan last year, under which AZN 10 million (USD 5.88 million) were collected, Trend reports citing the Compulsory Insurance Bureau of Azerbaijan. According to the Bureau, the number of contracts grew by 2.6 times y-o-y, while GWP rose by 3.4 times.

In February S&P Global Ratings revised its outlook on PASHA Insurance (the market leader) to positive from stable. At the same time, the agency affirmed its 'BB' long-term issuer credit and financial strength ratings on the insurer, the rating agency reported.

According to the statistics of the Estonian Traffic Fund (LKF), 3,800 traffic insurance cases were registered in January this year, with an estimated total loss of EUR 8.6 million, which is the largest amount of damage and the most accident-prone month in Estonia in the last few years.

In 2023, there were just over 1.7 million claims on MTPL and MoD insurance. The most dangerous months turned out to be May and October, while the most dangerous days of the week were Mondays and Fridays - according to data from the Insurance Guarantee Fund (UFG), Gazeta Ubezpieczeniowa (Insurance Gazette) wrote.

ESG risks remain at a medium level, insurers’ median exposure towards climate-relevant assets hovers around 3.3% of total assets, while their investments in green bonds are steady at around 7% of total green bonds outstanding, the latest Insurance Risk Dashboard published by EIOPA shows. The ESG IN INSURANCE Conference to be held in Vienna, on 16 April, will touch several aspects of ESG risks for insurers, but also of the way insurers are relevant for increasing society’s resilience overall.

Insurers are in the business of risk, but the risk landscape constantly changes, is the premise from which started the design of the forthcoming AM Best's CEE Insurance Market Briefing – Vienna, under the titles “Navigating geopolitical and emerging risks”. The event will place on 17 April, at the Vienna Marriott Hotel, with the support of XPRIMM.

MetLife announced that Michelleta Razon will join the company as Head of Data Enablement. She will report to Robin Gordon, MetLife Chief Data and Analytics Officer.

The larges Croatia’s insurer - Croatia osiguranje, part of Croatia osiguranje Group – member of Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance, informed on the ZSE website (Zagreb Stock Exchange) that Board member Vanco Balen will leave the company by June 30, 2024 on personal request, for private reasons.

According to the year-end market data published by SLASPO (Slovak Insurance Association), at the end of 2023, total GWP from the members of the association (domestic insurers and EU branches) totaled EUR 2.72 billion, up by 4.73% y-o-y.

According to the Q4 2023 market data published by the Czech Insurance Association – CAP, total premiums of the members of the association reaches a value of CZK 168.5 billion (~EUR 6.8 billion) by the end of 2023, up by 7.1% y-o-y, or by CZK 11.1 billion.

Bulgaria's competition authority said it approved the takeover of local insurance broker SDI Group by Poland's Unilink, a subsidiary of US financial technology and insurance holding Acrisure, SeeNews wrote.

German insurer ERGO Group AG – with business in many CEESE markets such as Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland - has been recognized as one of the most attractive employers on its “home market” - Germany for the second time in a row by the international consulting institute "Top Employers Institute".

Generali and TCC-Trieste Convention Center announce the agreement to name the largest multifunctional convention center overlooking the sea in the entire north-east of Italy as the Generali Convention Center Trieste.

In 2023, net profit of the Armenian insurance sector decreased by 33%. While a 4.5-fold jump was recorded a year ago in 2022.

Criteria for classifying systemically important insurance businesses have been approved in Azerbaijan. Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov signed a corresponding decision, Trend reports.

According to the Association of Estonian Insurance Companies (EKsL), 1,340 employers purchased additional health insurance last year, insuring a total of 55,600 employees. The amount of employer health insurance premiums increased by 30% and reached EUR 19 million, the Association wrote.

The Service for regulation and supervision of the financial market actively interacts with the insurance industry to improve its functionality and quality of service. Comprehensive work is being carried out in two key directions: a media plan for MTPL and digitalization of the insurance market through introduction of electronic insurance, the regulator said.

The Financial Stability Board has agreed on a concept note for creation of a fully functional war risk insurance system in Ukraine. The concept was developed with the participation of specialists from the World Bank, the National Bank (NBU), the Ministry of Finance, and the Ministry of Economy, Forinsurer reports.