Storm, hail and lightning caused immense damage across Germany in 2022. However, there was largely no major damage from other natural hazards such as heavy rain and flooding, an article recently published on the German Insurers Association's website reads.

Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer

Since the end of May, two photovoltaic systems have been supplying Vienna Insurance Group's headquarters in the Austrian capital city with sustainable solar power. VIG expects this technology will make a valuable contribution to the Group's sustainability strategy as this is a significant part of its business model.

A new mandate for Dinu GHERASIM as President of the Board of Directors and General Manager at DONARIS VIG, the local subsidiary of the Vienna Insurance Group, was approved by the National Financial Market Commission (CNPF) of Republic of Moldova, on June 6.

According to the data collected by the Polish Insurance Association (PIU), at the end of March this year, 4.3 million Poles were covered by private health insurance, which is 12.5% more y-o-y. The quarterly GWP for this type of insurance reached PLN 454.4 million (~EUR 96.88 million), Gazeta Ubezpieczeniowa wrote.

Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, announced the appointment of Laurent Rousseau to the newly created position of Guy Carpenter CEO of EMEA and Global Capital Solutions, effective September 4, 2023.

At the end of March 2023, the BiH insurance market totaled EUR 117.27 million (BAM 229.35 million), 9.32% more y-o-y, according to the quarterly market figures published by the local insurance agency - AZOBIH.

The insurance market of Cyprus totaled EUR 306 million at the end of Q1 2023, up by 11.83% y-o-y, according to Insurance Association of Cyprus - IAC's data. Gross claims incurred increased by 12.22% y-o-y to EUR 129.16 million, of which EUR 59.40 million - life indemnities (+1% y-o-y), EUR 69.75 million - non-life (up by 23.96%).

Estonian insurers posted aggregate business worth EUR 154.89 million in Q1 2023, or 18.58% more y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.

During January-March 2023, the Lithuanian insurance market grew by 20.50% y-o-y to EUR 351.92 million, while the value of payments expanded by 24.58% y-o-y to EUR 153.77 million, according to the market figures published by the Bank of Lithuania. It is worth mentioning that the value of payments includes only claims paid for insurance losses.

According to the 1Q results, the insurance sector of Ukraine grew by 6.22% to UAH 10.11 billion, based on the data published by the National Bank. The market was supported by non-life insurance, while life insurance dropped by almost 13%.

The Chairman of the Board of Directors of one of the leaders in the insurance market, PASHA Sigorta, has been replaced, ABC.AZ reports.

Ante Zigman, President of the Board of the Croatian Financial Services Supervisory Agency (HANFA) was appointed by the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA), to the institution's Management Board. He will serve as Chair of the Risks and Financial Stability Steering Committee.

The assets of insurance (reinsurance) organizations of Kazakhstan at the end of April 2023 amounted to KZT 2.3 trillion/~EUR 4.63 billion (+9.7% since the beginning of 2023), mainly as a result of an increase in income from insurance activities, Allinsurance.kz wrote with reference to the Agency of the Republic of Kazakhstan for the regulation and development of the financial market.

In the first quarter of 2023, the market leader, O'ZBEKINVEST, retained its leadership in the market for compulsory insurance of civil liability of vehicle owners. At the same time, the client base increased by 26% y-o-y, and GWP amounted to UZS 10 billion (+40%), according to the insurer.

The shareholders of Slovenian Sava Re Group adopted the proposal of the management and supervisory boards to use EUR 24.8 million of the profits for dividends. The dividend is EUR 1.60 gross per share, payable on 21 June 2023 to shareholders of record on 20 June 2023.

The General Meeting of Shareholders of Zavarovalnica Triglav d.d., approved the allocation of EUR 56.8 million for dividend payment or EUR 2.50 gross per share. This represents more than 50% of the Triglav Group's net profit for 2022 and a 7% dividend yield.

With legislation changes ahead and two recent big bankruptcies as a heritage of the last years, the Romanian insurance market is going through a reset moment, going back to reinvent itself on new basis, striving to rebuild customers trust and developing business on better, more sustainable basis.

In Q1 2023, the Triglav Group increased its total business volume to EUR 484.6 million (+9% y-o-y) and generated EUR 18.5 million in profit before tax (-37% y-o-y). Results were affected by the more challenging business conditions accompanied by the effects of inflation, higher claim intensity, a lower health insurance result and the effects of methodological decisions in the transition to IFRS 17 and IFRS 9 accounting standards.

According to the Q1 2023 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.23 billion, 6.8% more y-o-y.