Polish insurance group PZU SA informed that on 27 April 2022, the Company's Supervisory Board adopted a resolution to appoint Piotr Nowak to the PZU SA Management Board and entrust him with discharging the function of being a PZU SA Management Board member.

Global re/insurance broker WTW posted Q1 2022 revenue worth USD 2.16 billion, a decrease of 3% as compared to USD 2.23 billion for the same period in the prior year. At the same time, net income decreased from USD 736 million to USD 125 million.

Slovene re/insurance group SAVA Re announced its Supervisory Board reappointed Polona Pirs Zupancic, whose five-year term of office expires on 14 January 2023, as a member of the management board for a further term. Her new five-year term starts on 15 January 2023.

Global commercial insurance prices increased 11% in the first quarter of 2022, according to the Global Insurance Market Index released by insurance broker Marsh, continuing a trend of moderating rate increases that began in Q1 2021. "While this is the 18th consecutive quarter of increases, the rate of increase continues to moderate across most lines of business and in almost all geographies".

The Board of MABISZ - the Association of Hungarian Insurers - announced in a statement the election of a new President and a new Vice President, after Anett Pandurics resigned from the Association's Presidency for family reasons.

On 31 March and 1 April 2022, Actuaires du Monde (AdM) and the Macedonian Actuarial Association organized the First Congress of Actuaires du Monde and the 2022 CEE & SEE Regional Actuarial Insurance Conference at the Marriott Hotel in Skopje, North Macedonia.

The Supreme Court of Slovakia sentenced Ivan BARRI, a former Director of the Securities Market, Insurance and Pension Savings Department of the National Bank of Slovakia, to five years in prison in case of the bankruptcy of former life insurer Rapid Life, local media announced.

At most, one in five people on the planet have access to insurance, while the remaining 80% is largely formed by people earning between USD 2 and USD 20 per day, found out the Microinsurance Network, an international non-profit organization aiming to extend the reach of insurance protection as a means of poverty alleviation.

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia Osiguranje) reported Q1 2022 total revenue of HRK 1.19 billion (EUR 157 million), up 11% year-on-year. Revenue from the sales of goods and services was up 16% year-on-year, to HRK 1.11 billion (EUR 147 million). Consolidated profit before interest, taxes and amortization (EBITDA) was up 4%, to HRK 173 million (EUR 22.8 million). Net profit in Q1 2022 was up 14% year-on-year, to HRK 12.2 million (EUR 1.6 million).

Global re/insurance brokerage company AON reported Q1 2022 total revenue worth USD 3.67 billion, an increase of USD 145 million or 4% more y-o-y, while total operating expenses increased 1% y-o-y to USD 2.3 billion, of which USD 1.76 billion - related to compensation and benefits. At the same time, operating income increased 10% to USD 1.36 billion from USD 1.24 billion at the end of March 2021.

At the Annual Shareholders' Meeting, Thomas BUBERL was reappointed by the shareholders as a member of the Board of Directors for a four-year term. It is worth mention, AXA's shareholders approved all the resolutions submitted to them by the Board of Directors.

The Albanian Financial Supervisory Authority (AFSA) has become a member of the International Association of Insurance Supervisors (IAIS) Multilateral Memorandum of Understanding (MMoU) - an international supervisory cooperation and information exchange agreement.

Global re/insurance broker MMC posted Q1 2022 aggregate revenue of USD 5.5 billion, an increase of 9% compared with the first quarter of 2021. Q1 operating income was USD 1.4 billion, an increase of 6% from the prior year while net income attributable to the Company was USD 1.1 billion, or USD 2.10 per diluted share, compared with USD 1.91 in Q1 2021.

The Insurance Market Trends Conference at FIAR 2022 will address three of the most challenging issues in the current insurance landscape, benefitting from the expertise of three top ranked keynote speakers: Petr JAKUBIK, Financial Stability Team leader, EIOPA, Matteo CARBONE, Founder and Director, IoT Insurance Observatory and Katrin KROEGER, Natural Catastrophe Expert, Swiss Re.

Revenues earned worldwide by insurance marketplaces (a.k.a. insurance comparison sites or aggregators) are likely to have had a value of around USD 6.74 billion in 2021, an analysis completed by Insuramore shows.

Cypriot insurers posted 2021 aggregate GWP of EUR 962 million, up by EUR 45 million (or by 4.9% y-o-y), according to the year-end market figures report published by the Insurance Association of Cyprus - IAC.

SIGAL UNIQA, ILLYRIA and SCARDIAN are, in terms of FY2021 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2021 Annual Report.

On Thursday, April 21, 2022, the Banking and Insurance Leaders Gala was held at the Westin Hotel in Warsaw, which was the culmination of the spring edition of the Banking & Insurance Forum, Gazeta Ubezpieczeniowa informed being the main media partner of the event's insurance part.

North Macedonia's Osiguruvanje Makedonija - Vienna Insurance Group (VIG) plans to propose to its shareholders to distribute a total gross dividend of MKD 100 denars (EUR 1.6) per share for 2019 and 2020, SeeNews reports. To compare - for 2018 the company paid a gross dividend of MKD 62 denars per share.

According to the Bank of Lithuania, in 2021 the insurance market was profitable, but the trends were different: profits of life insurance companies were growing, while those of non-life companies were declining. The entire insurance market grew by about 9% last year.