In 2023, compared to 2021, the number of agroinsurance contracts doubled, and total insured land increased by 80%, ArmInfo writes with reference to the head of the department for designing programs in agriculture of the Ministry of Economy, Ira Panosyan.

During January-August 2023, 20 insurance companies of Azerbaijan collected AZN 846.854 million (~EUR 455.30 million) of GWP, which is 29.3% more than in the same period last year, ABC.AZ writes with reference to the Central Bank of Azerbaijan.

The third conference "Days of Insurance in Bosnia and Herzegovina" was held on September 21 and 22 in Sarajevo. The event organized by the Association of Insurance Companies in the Federation of BiH (UDOFBiH) gathered over 200 participants - domestic and foreign experts from the insurance industry.

From January to August 2023, 15 insurance companies operating in Croatia collected total GWP worth EUR 1.2 billion, of which EUR 196.2 million (17.0%) related to life insurance and EUR 980.1 million (83.0%) to non-life insurance, the Croatian Financial Services Supervisory Agency reports.

The draft law on MTPL will soon be submitted to parliament for consideration. According to the Insurance Supervision Service, after the introduction of compulsory insurance, companies will compensate expenses to victims of road accidents in the amount of up to GEL 35,000 (~EUR 12,191), Business Georgia writes.

All non-life insurance companies paid over 9,800 claims worth MKD 312.5 million (EUR 5.1 million) in August of 2023 alone. The companies paid for damages covered by insurance 22% (MKD 57.3 million) more than in August of 2022, according to the preliminary data submitted to the Insurance Supervision Agency (ISA) by all 11 non-life companies, the ISA said.

Vienna Insurance Group is consolidating its operations on the Polish market, which means that instead of the current six insurance companies, only three will operate. The aim is to make greater use of the Polish market potential as one of the key markets for the group, and to strengthen competitive position, Gazeta Ubezpieczeniowa wrote.

The TAS insurance group, companies of which are among the top 20 insurers in Ukraine, collected UAH 2223.12 million (~EUR 55.35 million) of GWP for 8 months of this year, which is 48.5% more y-o-y, Forinsurer writes.

The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market reported that the XIV International Conference “Insurance in Central Asia” was held on September 20–21, 2023.

The 2023 edition of the Insurance Conference of the Republic of Moldova will take place on 17 October, in Chisinau. Organized by XPRIMM, the event benefit from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets.

On 16 September, the provisions of NADOS’s Decision on amendments to the Decision on the method of determining the premium tariff and price list for MTPL insurance, entered in into force in the FBiH leading to an increase in the basic premium from 396 KM to 420.55 KM.

E-scooters in rental fleets cause significantly more accidents than privately used scooters, an analysis by the German Insurance Association (GDV) shows. Rental scooters are responsible for more than half of all e-scooter accidents, although only one in four scooters in Germany belongs to a rental fleet, statistical data show.

Losses caused by end of August severe storms in Germany are expected to reach up to EUR 900 million, the German Insurance Association (GDV) said, while for the whole of August, the damage caused by storms, hail, lightning and floods adds up to EUR 1.5 billion.

Tokio Marine Kiln announces the appointment of Liam Burke, ACII to its Life Sciences division as underwriter, effective immediately. Burke will be second in seniority to TMK’s head of life sciences, Kirsten Shastri, who he will report to.

Over 70% of the respondents to the 2023 edition of the annual survey undertaken by the Czech Insurance Association (CAP) are concerned about the inability to provide for themselves in old age. Also, availability unavailability of quality medical care is among the top concerns.

Higher interest rates transform the economics of insurance and put insurers on a more financially sustainable long-term path. Still, to narrow protection gaps, industry resources would need to grow in line with the growth in demand from evolving risks, such as catastrophes, reads the latest issue of the Swiss Re Institute’s sigma (no.4/2023).

At the end of June 2023, the insurance market of Albania totaled ALL 11 billion (~EUR 104 million), up by 13% compared to January - June 2022, official half-year data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

At the end of the first half-year of 2023, the BiH insurance market totaled EUR 249.9 million (BAM 488.7 million), 9.9% more y-o-y, as statistics from the local insurance agency - AZOBIH shows.

The CIS* regional insurance market ended the first half of 2023 with a strong y-o-y decrease in euros - by 23%, amounting to EUR 14.39 billion, according to xprimm statistics.

Kosovo's active 12 insurers reported an aggregate net profit of EUR 5.9 million at the end of June 2023 vs. EUR 2.5 million a year before, according to data provided by the Central Bank (CBK). At the same time, the total insurers' assets increased to EUR 294.2 million, from EUR 253.6 million a year earlier.