Euroins Romania's shareholders approved a new capital increase amounting to over EUR 24 million (RON 120 million), the third in recent months. The most recent audit showed that Euroins Romania exceeded all financial indicators set by law, with the SCR at 118.5% and the coverage of the MCR at 278.4%.

Philippe Donnet is proposed to be reappointed as CEO at Generali for a third mandate after the non-executive members of the Board have taken note of its availability to remain CEO for a new term and expressed their "appreciation of the work undertaken, and the results achieved" by the executive.

After 25 years with SCOR, Sylvie Van Viet will retire in the first quarter of 2022, as the French reinsurer announced in a statement. She will be succeeded by Vincent Foucart as CEO of P&C Partners. Christoph Spichtig will then become Deputy CEO of P&C Partners, relocating to Europe in early 2022

Government of the Federation of Bosnia and Herzegovina (FBiH) approved an amendment to the Law on Compulsory Traffic Insurance, which extends the use of the common tariff by one year (until end of October 2023), while full tariffs liberalization was pushed until November 1, 2026, wrote osiguranje.hr.

The value of revenues earned worldwide by MGAs, MGUs and cover-holder groups (a.k.a. delegated underwriting authority groups) was around USD 12.5 billion in 2020, implying premiums intermediated by such groups in that year of approximately USD 100 billion, a ranking and analysis completed by Insuramore found out.

On September 7, 2021, SberStrakhovanie Life celebrated 9 years on the market. During this time, 26 million clients have used the company's insurance programs and concluded almost 55 million contracts, according to the insurer's press-release.

The first six months of 2021 the Georgian insurance market ended with a decrease in profits, Trend reports referring to the National Bank of Georgia.

At the beginning of September 2021, 153 non-life insurers (previously 160) and 17 life insurers were working in the Ukrainian insurance market, Forinsurer reported.

GWP of Croatia-based insurers increased by 12.09% y-o-y from January to August of 2021, reaching HRK 8.13 billion (EUR 1.09 billion*), the Croatian Insurance Bureau said on September 14, SeeNews reports.

In August, the Estonian Traffic Insurance Fund (LKF) sent 10,300 reminders on termination of MTPL policies. About 60% of those who received reminders, renewed their insurance contracts, LKF said.

KPMG prepared a report forecasting development of the insurance market in Russia in 2021-2024, based on an analysis of historical indicators, current market trends, regulation, drivers of insurance product development and general expectations of industry experts.

The Cabinet of Ministers supported submission to the Verkhovna Rada of the draft law "On Environmental Insurance", which provides for creation of the Bureau of Environmental Insurance, Forinsurer said.

SCOR has entered a partnership with French digital farming company ITK and with Skyline Partners, a parametric insurance specialist based in UK, to launch an insurance product, "Heat Stress Protect". It enables dairy farmers and milk collecting companies to protect themselves against economic losses due to heat waves.

Standard & Poor's affirmed the "A" (strong) insurer financial strength rating on Sava Re d.d. and Zavarovalnica Sava d.d. The outlook is stable, the company announced in a press release.

Specialist insurance broker GrECo announced it acquires 100% of MAI CEE Ltd., a major risk, insurance and employee benefits consultant in CEE. The combined company will be named GrECo and will focus on the areas of risk and insurance management and employee benefits consultancy in CEE.

In a period of rapid changes in the industry, the need for taking the pulse of change and identifying the opinions of both business peers and public is increasing, thus higher demand for surveys all over Europe. CCN decided to continue and expand its range of survey services through 'CCN Survey'.

Latvian insurers' six months 2021 aggregate GWP remained at the H1 2020 level (local and EU branches, summed-up) totaling ~EUR 406.7 million, while the amount paid in claims and indemnities increased by 1.8% y-o-y to EUR 249.5 million, according to the half-year figures published by The Financial and Capital Market Commission of Latvia (FKTK).

At the end of June 2021, the Montenegrin insurance market totaled EUR 49 million, about EUR 2.5 million more vs. H1 2020 aggregate market GWP, according to the latest figures published by the local Insurance Supervision Agency (ISA).

German reinsurer Hannover Re anticipates a continuing trend towards higher prices and improved conditions in property and casualty reinsurance for the various rounds of renewals in 2022.

While people increasingly depend on their mobile phones, threat of cyber-attack is increasing, most consumers remaining unprotected from the risk of malware attacks or fraudulent use of their phones because mobile phone protection is usually limited to the sort of cover offered by extended warranties, a Finaccord report said.