After several postponements in the last four months, the Bucharest Court admitted on February 9th, 2022, the request by the Romanian Financial Supervisory Authority (ASF) to open bankruptcy proceedings against the country's leading insurer City Insurance, informed 1asig.ro.

According to the information of MIA (Media Information Agency), trust in insurance is the lowest among farmers, which means that interest in buying insurance policies among agricultural producers in the country is at a very low level - out of over 90,000 registered agricultural holdings, less than 5% insure their production, osigurajse.net wrote.

Customer service in insurance was acknowledged as good by 62% of respondents, compared to the previous survey in 2019, total customer service rating of insurers has increased from 60% to 62%. The survey "Reputation of Insurance Companies" was conducted in December 2021 by the research center SKDS, according to the Latvian Insurers Association.

According to the data of the Croatian Insurance Bureau for January 2022, total market GWP reached HRK 1.22 billion (~EUR 0.16 billion*), which 19.07% more y-o-y, osiguranje.hr reports.

According to LKF (the Estonian Traffic Insurance Fund), during 2021 the number of traffic accidents increased by a fifth, while the average traffic damage was EUR 1,960. Thus, last year occurred 35,900, of which 33,200 of them in Estonia and 2,700 cases were caused by Estonian vehicles abroad.

AM Best has published its new Market Segment Report "Importance of UK MGAs within the Insurance Value Chain Grows Despite Capacity Challenges", which notes that (re)insurers continue to value those MGAs (managing general agents) that provide expertise and distribution in markets they cannot access efficiently on their own.

Zurich Insurance Group reported very strong profits for the full year 2021. Business operating profit and net income attributable to shareholders were the highest since 2007. Growth was achieved in all segments, with commercial insurance in particular benefiting from disciplined underwriting, higher prices and an increase in new business.

The insurance industry is Europe's largest institutional investor, with EUR 10 trillion of assets under management, and for insurers to make appropriate investment decisions and comply with sustainability regulation it is vital that consistent, comparable, and machine-readable sustainability data is available, the recent Insurance Europe's survey says.

Global re-insurance broker AON posted 4% growth in Q4 2021 revenue to USD 3.08 billion and 10% growth in FY 2021 revenue to USD 12.19 billion, due to double-digit increases reported in Commercial Risks and Reinsurance Divisions.

The new date and location for the in-person event DIA Amsterdam 2022 have been announced. The conference will take place on June 29-30 at Taets Art & Event Park. XPRIMM support the event as a Media Partner, its readers benefitting from a EUR 200 discount.

As proposed by the EC, the EU Green Bond Standard (EUGBS) can help enhance the availability of attractive sustainable assets and facilitates sovereign issuance of green bonds, the updated set of key messages on the EC's proposal published by Insurance Europe says.

German insurer Talanx informed its FY2021 Group net income exceeded the EUR 1 billion mark for the first time based on unaudited consolidated figures, despite historically high net claims expenses.

The insurance industry is Europe's largest institutional investor, with EUR 10 trillion of assets under management, and for insurers to make appropriate investment decisions and comply with sustainability regulation it is vital that consistent, comparable, and machine-readable sustainability data is available, the recent Insurance Europe's survey says.

According to the year-end figures published by CAP (Czech Insurance Association), at the end of 2021, total GWP from the members of the association totaled CZK 147 billion (~EUR 5.92 billion), 4.4% more y-o-y or by CZK 6.1 billion.

Global re/insurance broker WTW posted 2021 total revenue of USD 9 billion, an increase of 4% y-o-y as compared to USD 8.62 billion a year before. FY 2021 income from operations was USD 2.2 billion, or 24.5% of revenue, an increase from USD 859 million or 10.0% of revenue compared to the prior year. Adjusted operating income was USD 1.8 billion, or 19.9% of revenue.

French reinsurer SCOR announced premium growth of 19% and an overall average price increase of 4.9% in P&C reinsurance during the "complex and prolonged" January renewal season.

Polish insurer PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) informed in a statement released on its website that on 4 February 2022, that "the Company received the resignation submitted by Mr. Krzysztof SZYPULA from serving in the capacity of a PZU SA Management Board Member, effective immediately".

French insurer AXA announced the appointment of Andrew WALLACE-BARNETT, currently Head of Investor Relations, as Group Chief Compliance Officer effective September 1st, 2022. "He will succeed Ian JOHNSON who has decided to retire after a successful 30-year career in the Group".

The Association of Serbian Insurers will organize a traditional annual conference together with the Association for Insurance Law of Serbia this year.

The pandemic has caused an increase in both interest in life insurance and payments from this type of compensation, said Marcin TARCZYNSKI, an analyst of the Polish Chamber of Insurance, Gazeta Ubezpieczeniowa reports.