During the first month, the new digital traffic accident report of the Estonian Traffic Insurance Fund (LKF) was used by almost 1,000 drivers involved in accidents and 600 traffic insurance events were processed through it. The application works on the website avarii.lkf.ee in Estonian, Russian and English, the Fund said in its statement.

Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, according to a global survey by WTW.

Lloyd's, the world's leading marketplace for commercial, corporate, and specialty risk solutions, has announced the re-appointment of Bruce Carnegie-Brown for a third term as Lloyd's Chairman, effective June 2022 and running to June 2025.

The EERIA's First Annual Conference is only a few months away and we are thrilled to show you the conference agenda. Renowned and high-level keynote speakers and panelists from academia, regulatory bodies and insurance industry take part at the conference.

UPDATE With the recent publishing of the official results of the Serbian insurance market for FY2021, we were able to draw the complete and correct statistical image of the CEE regional insurance market in 2021. Revisit our statistical section to get the latest corrections.

Starting June 17, Polish motor insurers will have access to information about fines and penalty points acquired by drivers, thus being able to consider driver's behavior as demonstrated by their penalties' history when calculating MTPL tariffs. Access to data will be possible through the tools of the Insurance Guarantee Fund.

According to the quarterly figures published by the Czech Insurance Association (CAP), at the end of March 2022, the total written premiums the CAP members amounted to CZK 40.66 billion (~EUR 1.66 billion), up by 8.53% y-o-y.

According to the 1Q2022 results, the Georgian insurance market grew by 14.75% y-o-y, total GWP reached GEL 267.60 million (EUR 77.57 million), according to the Georgian Insurance Supervision Service.

According to the Q1 statistics published by the Central Bank of Hungary, at the end of March 2022 the aggregate market gross profit of Hungarian insurers decreased by 11.23% y-o-y to HUF 21.83 billion the equivalent of EUR 59 million (vs. HUF 24.59 billion).

Polish insurance market reported Q1 2022 aggregate GWP worth PLN 18.14 billion (EUR 3.9 billion), 2.89% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers increased by 12.82% y-o-y to PLN 11.53 billion (~EUR 2.5 billion) from PLN 10.24 billion a year before.

According to the quarterly market data published by SLASPO (Slovak Insurance Association), at the end of March 2022, total GWP from the members of the association totaled EUR 679.52 million, up by 4.18% y-o-y. Premiums written in life insurance increased by 3.46% y-o-y to EUR 259.81 million, while non-life segment was up by 4.63% y-o-y to EUR 419.71 million.

Ukraine's insurance market grew by 8.2% to UAH 48.9 billion (EUR 1.58 billion) in 2021, with life insurance accounting for UAH 5.9 billion and non-life insurance - UAH 43 billion, as data, published by the National Bank of Ukraine, show.

The Polish Motor Insurers Bureau (PBUK) terminated the bilateral agreements connecting them with the Belarusian Bureau and the Russian Bureau. The denunciation entered into force on 1 June 2022, the bureau announced on its website the same day.

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia Osiguranje) announced on the occasion of its Group AGM that the YE 2021 net result of more than HRK 400 million (~EUR 53 million) "is still below the company's potential".

The IAIS has launched the public consultation on the draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the Insurance Capital Standard (ICS). Responses to the consultation will help ensure the criteria take account of the complex issues that have to be addressed with this work. Feedback is invited by 15 August 2022.

Insurance Europe has published a summary of its key positions on the Holistic Framework and the Insurance Capital Standard, ahead of the International Association of Insurance Supervisors' (IAIS) Global Seminar, which takes place on 16-17 June.

Global insurance broker Marsh announced the appointment of Andrew Fiscella and John Umbach as SPAC Co-Leaders within Marsh Specialty's US Financial and Professional Liability (FINPRO) Practice, effective immediately.

The transitional status of the National Green Card Bureau of Azerbaijan was terminated and the Bureau was accepted as a full member of CoB, said Rashad AHMADOV, Executive Director at National Green Card Bureau of Azerbaijan and Executive Director at Compulsory Insurance Bureau of Azerbaijan, on social media.

In April 2022, the assets of the insurance sector decreased by 0.7% and as of May 1 amounted to KZT 1.9 trillion (EUR 4.02 billion). The decrease in assets in April was mainly due to a decrease in cash and deposits placed in second-tier banks, according to the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan.

On June 09, 2021, the Chairman of the Agency of the Republic of Kazakhstan for the regulation and development of the financial market, Madina ABYLKASYMOVA, presented the draft Law "On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on the Regulation and Development of the Insurance Market, the Securities Market, and Banking", reports Allinsurance.kz.