AXA announced that AXA Germany has entered into an agreement with Athora Deutschland GmbH, a licensed insurer in Germany, to sell a portfolio of EUR 16 billion of life and pensions insurance reserves in Germany.

Generali has appointed Manlio Lostuzzi as the Regional Officer of the Central Eastern Europe region, effective as of 1st September 2022. The region is part of the International Business Unit, headed by CEO Jaime Anchustegui.

Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group (EIG), the insurance subholding of Eurohold. They are Todor Danailov, Kremena Pateva and Prasun Singhal.

On July 18, the Polish Financial Supervision Authority (KNF) published the final version of its recommendations regarding claim settlement in motor insurance. This will replace the ones adopted in December 2014. It is expected that the recommendations will be applied by insurance companies no later than November 1, 2022, Gazeta Ubezpieczeniowa reports.

The summer season in Latvia is the most intensive time for road repairs. According to BALTA (PZU Group), during the summer months the number of claims for damaged car windshields increases almost twice. This year, the insurance company has already paid out over EUR 1.7 million to car owners for windshield damage, the Latvian Insurers' Association (LAA) reports.

The Croatian Insurance authority has published its new report "Insurance Market in the Republic of Croatia for 2021", introductory part of which provides an overview of the basic general and macroeconomic indicators for the Republic of Croatia in 2021, as well as an overview of trends in the insurance market for the period 2005-2021, svijetosiguranja.eu wrote.

The insurance market continued to grow steadily in the first quarter of 2022. Considering that the data also covers the first month of the war in Ukraine (March), it can be said that the market demonstrates its solid foundation and resilience, the Association of Bulgarian Insurers (ABZ) wrote.

From January to June 2022, compulsory health insurance in Azerbaijan increased by 44.4% compared to the same period last year, reaching AZN 385.78 million (EUR 216.73 million), Trend.wrote.

MTPL loss ratio in Armenia in the first half of 2022 decreased to 65% from 81% in the same period of 2021, which is even lower than the pre-Covid level of 73% in 2019, ArmInfo wrote.

In Q1 2022, the five life insurance companies operating in North Macedonia concluded 14,000 new contracts with over 20,000 citizens insured. Premiums reached MKD 494 million/EUR 8 million, data provided by the ISA (Insurance Supervision Agency) show.

According to the data of Lietuvos draudimas, homeowners already suffered insured losses that exceeded EUR 6 million in the first quarter of this year. This is exactly the amount that was paid to the customers, and is 20% less y-o-y, draudimas.lt wrote.

According to the Croatian Insurance Authority, in June the market totaled HRK 6.88 billion (~EUR 0.91 billion), which is 7.53% more compared to 2021, osiguranje.hr reports.

Serbian insurers ended Q1 2022 with total GWP worth RSD 31.5 billion (EUR 267.8 million), 13.4% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).

At the end of March 2022, the insurance market of North Macedonia totaled MKD 2.98 billion (EUR 48.37 million), up by 11% y-o-y, according to preliminary data published by the local Insurance Supervision Agency.

Bulgarian insurance market totaled BGN 885.4 million (EUR 452.7 million) at the end of March 2022, up by 9.7% y-o-y, according to the official quarterly figures from the Financial Supervision Commission - FSC.

According to Financial Supervisory Authority's latest report, Euroins Romania ranks first in the non-life insurance market hierarchy after Q1 2022, with a market share of 23.2%. The company has sold by 36% more policies in Q1 2022 as compared to Q1 2021, reaching a total of 1,2 million policies.

Insurance Europe has published its response to a consultation by the European Commission on its draft Implementing Regulation laying down a list of specific high-value datasets and the arrangements for their publication and re-use.

Insurance Europe has submitted its response to the EC consultation on its proposal to repeal the Directive on Distance Marketing of Consumer Financial Products (DMD) and to introduce a new section on distance marketing of financial services in the Consumer Rights Directive (CRD) regarding financial services contracts entered at a distance.

High inflation (13%), affecting the Georgian economy like almost all others, has determined rising prices for products and services, insurance included. Thus, insurance products' prices have risen by about 10-15%, according to the CEO of the insurance company Global Benefit, Nino KOBAKHIDZE, Business Georgia wrote.

On July 7, Anatoly CHAYCHITS, General Director of the insurance company Belneftestrakh, was awarded the prize for "contribution to the development of the financial market in the field of insurance" on the occasion of the "Man of Action 2022" competition, BELTA reports.