Ante Žigman will continue to serve as President of the Croatian Financial Services Supervisory Agency (HANFA) for a new mandate of six years, flanked by four members of the Administrative Council: Jurica Jednačak, Antun Palarić, Tomislav Ridzak and Anamarija Staničić, who will replace the previous member Ilijana Jeleč, HANFA announced on 7 February.

Helena VIÑES FIESTAS, Chair of the EU Platform on Sustainable Finance, Commissioner of the Spanish FMA, Spain is a confirmed speaker at the 2024 edition of the ESG IN INSURANCE Conference, to be held in Vienna on 16 April.

Romanian insurers wrote gross premiums (GWP) worth approximately RON 13.1 billion (EUR 2.63 billion) in 9M 2023, 9% up y-o-y. Non-life insurance accounts for 83% of this total amount. Considering the 8.8% y-o-y inflation rate, the market remained steady in real terms.

The Polish brokerage companies WDB and Brokers Union, which merge and further operate under the PIB Broker brand. The new entity is part of the international team of PIB Group, one of the largest insurance intermediation groups in Europe, operating in 9 countries, generating revenues in excess of GBP 350 million from specialist insurance, Gazeta Ubezpieczeniowa wrote.

Insurance Europe has shared its views on the European Commission’s proposal for a 'Business in Europe: Framework for Income Taxation (BEFIT)'. While the insurance industry supports the goal of harmonizing corporate tax rules across the EU, it raises serious reservations about the current draft EU Directive.

In 2023, the insurance sector of Kazakhstan grew by 32%, reaching KZT 1,187.88 billion (EUR 2.36 billion). Insurers' paid claims at the same time jumped 43% to KZT 281.22 billion (EUR 559.93 million), data published by the National Bank show.

According to the year-end market figures recently published by Albanian FSA, during January-December 2023 the local insurance market experienced an increase of 8.86% y-o-y to ALL 22.9 billion (~EUR 220 million).

The Montenegrin market reported a 10.3% y-o-y growth in FY2023 GWP, to EUR 119.5 million, according to the preliminary figures published on the ISA's website, while the value of paid claims &indemnities increased by 9.1% y-o-y to almost EUR 50 million.

RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The transaction received regulatory approval in January and closed on 2 February 2024.

VIG Re, the reinsurance company of Vienna Insurance Group, is pleased to announce that Tobias SONNDORFER has been appointed as the Vice-Chairman of the Board of Directors with effect of February 1, 2024.

Global re/insurance broker Aon reported FY2023 total revenue USD 13.4 billion, +7% compared to the prior year, while the net income attributable to Aon shareholders decreased to USD 2,564 million, or USD 12.51 per share, compared to USD 2,589 million / USD 12.14 per share, in the prior year.

Italian insurer Generali announced that it has completed the acquisition of Liberty Seguros, a Spanish insurance company operating in Spain, Portugal, Ireland and Northern Ireland, from Liberty Mutual. The agreement for the transaction was announced on 15 June 2023, being the “Generali’s largest deal in a decade”, as the insurer informed in a statement.

By decree of the President of the Republic of Azerbaijan dated January 31, 2024, the State Insurance Commercial Company was liquidated, Trend reports.

Over 670 thousand people have become users of the new Social Protection Fund’s mobile application,

Last year, 440 applications were submitted to resolve insurance disputes, of which 229 were related to motor insurance.

Last year by the end of November four insurance LoBs saw over EUR 300 million premium increase. These are investment life insurance, which brought additional EUR 132.1 million, health insurance where premium production increased by EUR 95 million, fire insurance with additional EUR 50 million and vehicle insurance with EUR 36.4 million, insurancedaily.gr writes.

According to the data of the insurance intermediary Insura.hu, the average price of Motor Hull for passenger cars last year was HUF 205,200 (~EUR 535), which was 9.5% higher than in 2022, Portfolio.hu reports.

In Latvia, only a third of the sowing area is currently insured. Although the amount of insured land increased last year, farmers are still very reluctant to insure their fields. In addition, the past year caused great losses to agriculture precisely because of weather conditions, LSM.lv wrote.

Almost 40% of approximately 12,000 traffic accidents related to mandatory motor liability insurance that occurred on the territory of the Republic of Moldova in eight months of 2023 were settled through a settlement agreement, bizlaw.md writes.

The TAS insurance group, companies of which are among the top 20 insurers in Ukraine, collected UAH 3,539.92 million (~EUR 84.04 million) in 2023, which is 45.5% more y-o-y, Forinsurer reports.