A-Qroup, one of the leading insurance companies in Azerbaijan (included in the top-10), ended 2021 with net profit of about AZN 1 million (~EUR 0.52 million), which is 2.8 times less y-o-y, ABC.AZ reports based on the insurer's financial statements.

Croatia's largest insurer - Croatia Osiguranje announced the appointment of Pero Kovacic as a new employee representative to the supervisory board. His term of office runs from 10 March 2022 to 10 March 2026.

Eurohold -the largest public Bulgarian holding and one of the largest financial and energy groups in Southeast Europe announced the rebranding of the group's energy operations in Bulgaria.

Academicians and insurance practitioners from the CEE have a new opportunity for sharing knowledge and develop common research projects through the Eastern European Risk Insurance Association (EERIA), a newborn association whose aim is to promote science and research in the field of risk and insurance.

Climate change is no longer solely a societal and geopolitical concern - it reaches the very heart of the investment industry. CFA Society Romania is inviting on 15 March, 6:00 PM - 8:00 PM (Bucharest time) to a special online evening dedicated to investing in the changing world.

RENOMIA, the largest Czech insurance broker, is continuing its regional expansion by acquiring a majority stake in the Polish insurance broker Alfa Brokers. Currently RENOMIA operates in 11 CEE countries, being one of the most relevant insurance brokers in the region.

The inaugural day of the First Congress of Actuaires du Monde will focus on the actuarial challenges due to the liberalization of the MTPL tariff in CEE / SEE markets. The "in-person" event will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022.

"The war in Ukraine has only minor direct economic effects for German insurers, since they are hardly involved in Ukraine and Russia," says Joerg Asmussen, General Manager of the German Insurance Association.

More than 23,000 persons used private health insurance last year to cover the costs of medical services. Nine insurance companies paid EUR 3.4 million for medical expenses covered by private health insurance. Total number of citizens who have private health insurance in 2021 increased by 60% and exceeded 182,000 insured persons, the Insurance Supervision Agency (ISA) said.

MAKEDONIJA Insurance (Vienna Insurance Group) ended the year with a profit before tax in the amount of MKD 63.6 million (after tax - MKD 55 million denars), the portal osigurajse.net informed.

VIG Re reported profit before taxes of EUR 26.8 million, up by 19% y-o-y, an all-time high, while gross written premium reached EUR 661 million, up by 14.2% y-o-y. The Net combined ratio stood at 96.1%, impacted by weather related losses in Continental Europe.

Despite considerable losses both in P&C and L&H reinsurance, Hannover Re generated Group net income of EUR 1.23 billion for the 2021 financial year, achieving its profit target.

A panel of discussions at the Kopaonik Business Forum, the most important event of its kind in Serbia and the region organized by the Serbian Association of Economists has analyzed the lessons learned from the pandemic crisis, as well as the possibility of insuring catastrophic risks, including the pandemic one.

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 4.26 billion at the end of 2021, up by 7.7% y-o-y.

Life GWP increased by 13.64% y-o-y to HUF 602.7 billion / EUR 1.6 billion while non-life portfolio expanded by 7.9% to HUF 726.8 billion / EUR 1.9 billion, according to the most recent statistics published by the National Bank of Hungary (MNB). Thus, during the analyzed period, the life insurance business accounted for 45% and the non-life insurance business for 55% of total GWP.

Vienna Insurance Group (VIG) reported today total GWP for 2021 reaching for the first time the EUR 11 billion premium threshold and by 5.5% up y-o-y. VIG results were positive and showed a very good dynamic largely on all business lines and geographies. Profit before taxes went up by almost 50%, to EUR 511.3 million.

National Financial Market Commission (NCFM) has clarified for parties involved in third party liability insurance the latest changes regarding availability of a Green Card policy for vehicles registered in Ukraine, CapitalMarket reports.

On March 4, 2022, S&P affirmed sovereign credit rating of the Republic of Kazakhstan at BBB- with a stable outlook, Allinsurance.kz portal reports with reference to the National Bank of Kazakhstan.

Astrea, an MGA brand of the Claims Corporation Network (CCN) Group has acquired APRIL Deutschland AG from the French APRIL SAS of Lyon. This acquisition has been made to strengthen CCN's core business lines, which include third-party administration (TPA), MGA and insurance services.

Vienna Insurance Group (VIG) reported today total GWP for 2021 reaching for the first time the EUR 11 billion premium threshold and by 5.5% up y-o-y. VIG results were positive and showed a very good dynamic largely on all business lines and geographies. Profit before taxes went up by almost 50%, to EUR 511.3 million.