Total assets of insurance (reinsurance) companies in Kazakhstan for 10 months increased by 17.5% and as of November 1, 2021, amounted to KZT 1.75 trillion (~EUR 3.54 billion*). This is mainly due to the growth of insurance premiums and their investment in securities, Allinsurance.kz reports based on the data of the National Bank.

Kosovo insurers posted double digit increase in 9 months 2021 GWP, as official monthly figures published on the website of the Central Bank showed.

The insurance market in Poland (GWP) will increase in 2023 to PLN 76.5 billion (~EUR 16.6 billion*). This year the market will grow by 7%, to PLN 67.7 billion (vs PLN 63.4 billion in 2020). The prospects for insurers operating in Poland remain "mostly positive", said the experts from Inteliace Research, Gazeta Ubezpieczeniowa reports.

The risk of reduced profitability, mainly in the long run, remains high, due to reduced demand for non-compulsory insurance, as stated by the Bank of Greece in its latest Financial Stability Report.

In December 2021, the leader of the Belarusian insurance market, BELGOSSTRAKH, celebrates its 100th anniversary.

In January-October 2021, Azerbaijani insurance companies collected GWP in the amount of AZN 705.70 million (EUR 359.46 million*), which is 12.3% more y-o-y, writes ABC.AZ with reference to the Central Bank of Azerbaijan.

General Director of MTIBU (Motor Transport Bureau of Ukraine) Volodymyr SHEVCHENKO speaking about a new edition of the law of Ukraine "On compulsory insurance of civil liability of owners of land vehicles", noted that the new law will change the principles of compensation for owners of used cars.

At the end of the third quarter of 2021, the Georgian insurance market recorded an increase of more than 18% y-o-y (in local currency), increasing to GEL 606.74 million (EUR 166.65 million), according to the data published by the Georgian Insurance Supervision Service.

The key event with largest gathering in insurance business with participation of more than 250 representatives of insurance companies, banks, the regulatory authority, the ministries of the Government of the Republic of Serbia and state institutions - the 5th edition of "Serbian Insurance Days" was held in Arandjelovac in the end of November.

The government plans to introduce compulsory insurance in agriculture, and a new law is being prepared. For years, only a small number of farmers insured their crops and livestock, thus in the event of disasters and damage, the Government compensated affected farmers from the budget. The new law has a new solution - to establish Agricultural Insurance Fund.

Bulgarian financial and energy group Eurohold Bulgaria, has reported a solid growth in its financial results and significantly improved its profitability for the first nine months of 2021, showed the company's consolidated interim statement, including partially (2 months) the performance of CEZ Group's subsidiaries in Bulgaria acquired by the holding at the end of July.

Slovene re/insurance group Sava Re announced the appointment of Edita RITUPER as a new employee representative to the supervisory board, following the resignation of Mateja ZIVEC. Her term of office runs from 1 January 2022 to 12 June 2023.

The German insurer Allianz announced it set its financial bar higher for the between 2022 and 2024, targeting 5-7% annual growth in earnings per share (EPS) and minimum 13% return-on-equity (RoE). "Three levers will drive this ambition: steady topline growth, improvement in profitability, and efficient management of capital", as the insurer' representatives mentioned in a statement.

Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group announced is strengthening its leadership team "to support the company's 'pivot to growth', following its successful remediation program. It is attracting both internal talent as well as high-profile external hires to executive positions in its regional management, underwriting and risk consulting functions, all in market-facing roles".

Astrid Jaekel (44, German) will be appointed as Chief Risk Officer (CRO) and member of the Management Board of Aegon N.V. effective March 1, 2022, the Dutch insurer announced. She will manage the Group's risk and actuarial functions, maintaining the Group's Risk Management framework.

Arthur J. Gallagher & Co. announced on 1 December that it has completed the acquisition of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson plc.

The organizers of the largest event in the insurance market, the 7th Annual Forum of Leaders, were the Insurance News Agency and the Analytical Center BusinessDrom. The forum was held both in offline and online formats, with over 300 people participating: managers, owners of insurance companies, their partners and clients.

The 20th Anniversary November Business Meetings (NBM) of Reinsurers were held in Moscow on November 24th-25th and were attended by the heads and leading specialists of insurance, reinsurance, brokerage companies in Russia and abroad.

Aviva plc announced the completion of the sale of its Italian Life Insurance businesses to CNP Assurances for a total cash consideration of EUR 543 million. This concludes Aviva's exit from the Italian market.

Cypriot insurers posted H1 2021 aggregate GWP of EUR 476.5 million, up by EUR 19.2 million (or by 4.2% y-o-y), according to the half-year market figures report published by the Insurance Association of Cyprus - IAC.