The Austrian insurance industry has recorded premium growth in the second year of the corona crisis, GWP reaching EUR 18.7 billion for more than 50 million contracts. Benefits to customers increased by 2.9% to EUR 16 billion.

Five weeks before its debut, the 23rd edition of FIAR - the International Insurance-Reinsurance Forum aligns an exceptional team of international speakers for the four highly informative conferences in its agenda. FIAR 2022 will take place in Bucharest, at the Sheraton Hotel, on 22-24 May, in a hybrid format.

Aon plc and The Bank of New York Mellon Corporation today announced a multi-faceted data and digital collaboration that will leverage the capabilities of both organizations to create new solutions to address evolving client needs. They will focus on supporting the ESG needs of clients globally.

In 2021, Romanian insurers underwrote gross premiums amounting to over EUR 2.87 billion, increasing by about 21.9% y-o-y. Calculated in national currency the rate was higher, of 24%, given the about 2% depreciation of the Romanian currency against Euro. Following the bankruptcy of CITY Insurance, EUROINS Romania became the market leader.

Vienna Insurance Group (VIG) has published today its reports for the 2021 financial year, confirming the preliminary figures communicated on 8 March 2022: premium volume of EUR 11 billion (+5.5%), a profit before taxes of EUR 511 million (+47.8%) and a combined ratio of 94.2% (-0.8 percentage points).

American International Group (AIG) announced that Tom BOLT, has been named Executive Vice President and Chief Risk Officer, AIG, effective immediately. He replaces Sabra PURTILL, who was recently named Executive Vice President and Chief Investment Officer for AIG's Life & Retirement business.

At the end of the year 2021, the Slovak insurance market totaled EUR 1.84 billion, 16.9% less y-o-y, according to the Q4 2022 Analytical Data of the Financial Sector published by the National Bank of Slovakia (NBS). As compared with previous YE2021 published statistics (GWP worth EUR 2.15 billion), the updated data are EUR 301.5 million less.

The Russian insurance market grew by 17.52% in 2021 supported by recovery in economic activity after 2020. GWP increased in all major segments, and more than a third of the growth came from insurance related to lending to individuals, about a third - from investment and accumulative life insurance, according to a review of key performance indicators of insurers published by the Central Bank.

Farmers in Latvia are increasingly using insurance as a risk management tool, and in 2021 GWP in the segment reached EUR 19.4 million, which is 17% more y-o-y, according to the Latvian Insurers' Association (LAA). Last year, crop insurance reached EUR 11.6 million, livestock insurance - EUR 7.5 million, and insurers paid EUR 9.2 million to farmers.

According to the data of the Croatian Insurance Bureau for March 2022, insurance companies collected GWP in the amount of HRK 3.54 billion (~EUR 0.47 billion), which is an increase of 9.02% y-o-y.

Life insurance in Bulgaria is experiencing an impressive rise. The development and potential of life insurance, its benefits to consumers and mechanisms for managing the funds invested by clients were among the topics commented during the discussion "Life Insurance - Protection and Investment" organized by the Association of Bulgarian Insurers and Bulgaria ON AIR on April 10, 2022.

Global insurance broker Marsh announced that Craig SCHIOPPO, Transactional Risk Practice Leader, US and Canada has, in addition, been appointed Global Head of Transactional Risk, Marsh Specialty, effective immediately.

The shareholders of Zurich Insurance Group confirmed Michel M. LIES as Chairman of the Board of Directors at Annual General Meeting (AGM). They also elected all the other current Board members who stood for re-election, and elected Peter MAURER as a new member of the Board as of October 1, 2022.

Italian insurer Generali announced the launch of tailor-made product solutions for private art collectors on Austrian insurance market. Generali representatives mentioned that "with the new offer "ARTE Generali Private Kunst", Generali Versicherung is expanding its modular product range".

Bulgarian holding Eurohold announced that its energy subholding - Eastern European Electric Company (EEEC) and majority shareholder in CEZ Distribution Bulgaria and CEZ Electro Bulgaria, has registered with the Financial Supervision Commission (FSC) tender offers for the purchase of the shares of the minority shareholders in both companies.

Of the total GWP of Georgian insurance companies for 2021 in the amount of GEL 772.2 million (EUR 220 million), GEL 305.5 million came from healthcare, Business Georgia wrote.

On April 1, 2022, S&P announced preservation of the sovereign credit rating of the Republic of Kazakhstan at BBB- with a stable outlook, Allinsurance.kz reports with reference to the National Bank of Kazakhstan.

Within the first year of the EUR 500 million Senior Sustainability Bond, being issued in March 2021, Austrian insurer Vienna Insurance Group (VIG) informed it was able to allocate 100% of the bond's net proceeds to green and social projects.

The Supervisory Board of Generali Investments TFI SA appointed Zbigniew JAKUBOWSKI as the President of the Management Board of Generali Investments TFI SA.

As of April 2022, Allianz Partners will provide its comprehensive travel insurance services to customers of the global financial super-app Revolut who hold a Premium or Metal Account, initially in 31 markets across The EEA and the UK.