One of the world’s leading insurtech, wefox, has been appointed as affinity insurance partner by WINDTRE, Italy’s leading telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, to provide insurance directly to its customers.

Italian insurer Generali announced that Giulio Terzariol will join the Company as CEO Insurance, a newly created role with responsibility for all the insurance Business Units, with effect from January 2024. Terzariol will report directly to the Group CEO, Philippe Donnet, and will join the Group Management Committee of Assicurazioni Generali.

TUW PZUW (Polski Zakład Ubezpieczen Wzajemnych) won the Insurance Stars ranking. The award was given at an event organized by the editorial office of "Dziennik Gazeta Prawna". The company ranked first among all insurance companies in Poland and among mutual insurance companies, Gazeta Ubezpieczeniowa reports.

The Bank of Lithuania provided specific regulatory proposals that would prevent improper sales of investment life insurance and protect consumers from misleading, the Bank said.

From January to August 2023, GWP in voluntary health insurance in Azerbaijan amounted to AZN 91.22 million (~EUR 49.58 million), which is 7.6% more y-o-y, Trend writes with reference to the Central Bank of Azerbaijan.

MTPL loss ratio began to slowly grow in the Armenian insurance market - by September 1, 2023, on an annual basis, it increased from 63% to 65%, ArmInfo reports.

Premium income from January to August 2023 in Albania amounted to ALL 15,331 million (~EUR 141 million), or 10.44% more y-o-y. The number of concluded insurance contracts increased by 11.97%, the Albanian Financial Supervisory Authority (AFSA) informed.

Cypriot insurers posted H1 2023 aggregate GWP of EUR 585.9 million, up by EUR 57 million (or by 11.8% y-o-y), according to the half-year market figures report published by the Insurance Association of Cyprus - IAC. Non-life insurance segment totaled EUR 292.5 million (up by 9.8% y-o-y), while the life insurance segment generated premiums of EUR 293.3 million, or 11.8% more y-o-y.

The Czech insurance market ended the second quarter of 2023 with GWP worth CZK 107.8 billion (EUR 4.5 billion), up by 6.4% y-o-y, according to the end-June statistics published by the Czech National Bank (CNB).

Latvian insurers' January-June 2023 aggregate GWP (local and EU branches, summed-up) expanded by 15% to almost EUR 562.3 million, while the amount paid claims and indemnities increased by 6.6% y-o-y to EUR 343 million, according to the half-year figures published by The Financial and Capital Market Commission of Latvia (FKTK).

Of total GWP, branches of EU insurers generated 35.6% - EUR 200 million, or 9.2% more y-o-y, the remaining EUR 362 million +~18% y-o-y being generated by the local insurers. According to FKTK half-year report, at the end of June 2022, there were 4 non-life insurance companies and 2 life insurance companies operating in Latvia, as well as 11 branches of foreign insurers (7 non-life and 4 life units).

In terms of GWP, the largest life insurer in the country is SEB Life and Pension Baltic SE (GWP of EUR 45.8 million, 3.4% market share), while BTA Baltic Insurance Company led the non-life ranking with GWP worth EUR 148 million or 32.9% market share.

Access xprimm.com database and download the H12023 Latvian insurance market statistics: GWP/claims portfolio and life/non-life rankings.

Dutch insurer Aegon informed that at its Extraordinary General Meeting of shareholders approved the first step in the company’s redomiciliation to Bermuda.

Allianz Group announced that it entered into a binding transaction regarding the transfer of its 51% stake in Allianz Saudi Fransi in Saudi Arabia to ADNIC, a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange, as the Munich-based group streamlines its primary insurance operations in the Middle East.

On 24-26 September, the Second Annual Conference of EERIA - Eastern European Risk and Insurance Association took place in Poznan, Poland, hosted by the local University of Economics and Business (PUEB). Academics and insurance professionals from all over Europe attended the conference.

The World Forum for Catastrophe Programs, a prestigious gathering of professionals dedicated to enhancing global resilience, recently convened in Bucharest, Romania, from September 19th to 22nd, 2023, the meeting being held at the end of Romania’s rotative presidency of the WFCP.  This annual event brought together more than 20 professionals from 15 countries, fostering collaboration and knowledge-sharing among experts in the field of catastrophe risk management.

Hungarian insurers' end-June 2023 GWP decreased by 0.8% y-o-y to HUF 779 billion (EUR 2.1 billion), according to the quarterly statistics published by the National Bank of Hungary (MNB).

According to the 1H2023 figures published by the National Bank of Slovakia, the insurance market totaled at the end of June EUR 983.5 million (up by 0.9% y-o-y), while gross claims paid by insurers were about ~EUR 459 million (down by 19% y-o-y).

Polish insurance market reported 1H2023 aggregate GWP worth PLN 40 billion (EUR 8.8 billion), 10% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority).

Fitch Ratings have upgraded Generali’s Insurer Financial Strength (IFS) rating to “A+” from “A” with a stable outlook.

American International Group informed that Edward L. Dandridge has joined the company as Executive Vice President and Chief Marketing & Communications Officer, effective October 16, 2023. He will report to Peter Zaffino, Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.

Allianz Commercial has announced changes to the Board of Management of Allianz Global Corporate & Specialty SE “that reflect its strategy of integrating the Allianz Mid Corporate business alongside its Large Corporate and Specialty portfolios to create one face to market across its eleven trading regions”.