Croatian largest insurer CROATIA Osiguranje (CO) announced on the website of Zagreb Stock Exchange (Zagrebacka burza d.d.) that the Governing Board of the Croatian Financial Services Supervisory Agency (HANFA) adopted a decision granting authorisation to Davor TOMASKOVIC, Robert VUCKOVIC, Luka BABIC and Vanco BALEN to perform the function of a member of the Managment Board of the Company.

Suzanna KONING has been appointed chair of the board of InShared, ACHMEA's all-round online insurer with effect from 5 October 2022.

VIG Re, the reinsurance company of Vienna Insurance Group, announced the appointment of Tobias Sonndorfer as the new member of the Board of Directors, with effect from 1^st January 2023, expanding the number of board members from current three to four.

Romanian insurers achieved GWP worth RON 8.76 billion (EUR 1.77 billion), in 1H2022, data provided by the supervising authority show. Considering also GWP by companies operating in Romanian based on the Freedom of Service (FOS) and Freedom of Establishment (FOE) rights, the total value of the local market climbs to EUR 1,92 billion.

Zurich Insurance Group (Zurich) announced the appointment of Raul Vargas as CEO of Farmers Group, Inc., a wholly owned subsidiary, and as a member of the Zurich Group Executive Committee. The change will be effective January 1, 2023.

SCOR Investment Partners is pleased to announce an intermediary closing of the fourth vintage of its senior secured infrastructure debt strategies, SCORLUX Infrastructure Loans IV, with commitments of EUR 320 million.

Allianz-Tiriac, one of the largest insurers in Romania, has developed the first complete car insurance product (MTPL and MoD insurance), intended for plug-in electric and hybrid cars.

Munich Re has acquired apinity GmbH, a start-up that supplies application programming interface (API) solutions in the form of Software as a Service (SaaS) for the insurance industry's entire ecosystem.

The CIS Regional Insurance Market* ended 1H2022 up 45% y-o-y in EUR, reaching EUR 18.67 billion, according to xprimm statistics.

Insurance Europe has published a set of key messages on the European Commission's proposal to extend the validity of the Motor Vehicle Block Exemption Regulation (MVBER) by five years, which it welcomes, the European federation of insurers said in a press release.

This year's Serbian Insurance Days will be held on 15-18 November in Zlatibor - the most important and probably the most attractive tourist destination in Serbia, in the "Zlatibor Mountain Resort&SPA" hotel, the Association of Serbian Insurers informed.

On September 29 and 30 the Association of Insurance Companies in the Federation of Bosnia and Herzegovina organized in Sarajevo the second conference "Days of Insurance in BiH", which brought together domestic and foreign experts from the insurance industry, nados.ba wrote.

Total amount of paid claims in Azerbaijan from January to August 2022 reached AZN 283.67 million (~EUR 164.92 million), while AZN 238.21 million or 84% fell on 5 insurance companies only, ABC.AZ reports citing Renkinq.

UniCredit and Allianz announced that they have signed a framework agreement and two share purchase agreements related to their respective footprints in Croatia, with the intention to unwind their direct and indirect shareholdings in the country.

German insurer Allianz announced changes to its divisional setup, effective January 1, 2023, in order to "accelerate its strategy of simplicity at scale and to align the expertise of its safeguarding functions".

The General Assembly of UNSAR - the National Union of Insurance and Reinsurance Companies in Romania, an organization to which 20 insurance companies representing about 90% of the insurance market belong - appointed on Thursday, by vote, the members of the Board of Directors for the next three years.

The First Annual Conference of the Eastern European Risk and Insurance Association (EERIA) tool place on 16 September, bringing together renowned and high-level keynote speakers and panelists from academia, regulatory bodies, and insurance industry, as well as experienced and young researchers to discuss on various topics.

The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims, which will come into force on November 1, 2022 may have a significant contribution to drive inflation in vehicle claims covered by MTPL insurance up to 19-27% in Q1 2023, analyst quoted by Gazeta Ubezpieczeniowa believe.

Following its regular annual rating review, the rating agency AM Best (Agency) affirmed the financial strength rating of Sava Re of "A" (Excellent) and its long-term issuer credit rating of "a" (Excellent), both with a stable outlook, the Slovenian reinsurer said.

According to a report released by Insuramore for the global commercial P&C (non-life) insurance market, 145 insurer groups had gross direct premiums written (GDPW) of more than USD 1 billion in 2021.