The All-Russian Insurance Association (ARIA) and Azerbaijan Insurers Association signed a memorandum of cooperation on the initiative of the Azerbaijani side during the visit of President of ARIA Igor YURGENS to Baku, Trend reports with reference to the Azerbaijan Insurers Association.

MTIBU (Motor (Transport) Insurance Bureau of Ukraine) appealed to the National Bank of Ukraine with a proposal to increase MTPL insured amounts (maximum payment): up to UAH 160 thousand for property damage of victims, and UAH 320 thousand for harm to life and health, as well as to increase the limit of payments under the European Accident Statement to UAH 80 thousand, MTIBU reported.

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina [BH]). The outlook of these Credit Ratings (ratings) is stable.

Slovenian insurance market totaled EUR 724 million at the end of Q1 2021, 1.3% more y-o-y, according to the Slovenian Insurance Association's Q1 report.

In the first three months of 2021, the Slovak insurance market totaled EUR 601 million, 4.4% less y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).

The profits of local insurers amounted to EUR 51.59 million, which was a 55% increase as compared to end-March 2020 (EUR 31.3 million), as official statistics show.

Starting 2 August 2021, vehicles registered in Montenegro and the UK, except for the military ones, will no longer be checked for the existence of a valid MTPL insurance when crossing the borders of EU states, the recently adopted Implementing Decision of the European Commission no. 2021/1145 of 30.6.2021 provides.

Lloyd's announced that Eleanor Bucks will be joining the Corporation in the newly created role of Chief Investment Officer, which will build and lead Lloyd's new investment platform for the market.

Lloyd's Insurance Company has confirmed its new Board appointees with Bruno van Lierde, Nicole Verheyen and Amelie Breitburd. Angela Crawford-Ingle will also join the LIC Board of Directors, effective immediately.

After the weekend storms the expected damage amount has already exceeded one and half billion on Monday morning, although insurance companies believe that the number of related claims may even increase in the coming days, the Association of Hungarian Insurers (MABISZ) announced.

On July 5, the insurance company KYRGYZSTAN celebrated its 30th anniversary, the insurer said on its website.

Croatia Osiguruvanje - Nezivot, subsidiary of Croatia Osiguranje - Croatia's market leader, increased its capital by EUR 580,000 through a new share issue, thus the non-life insurer raised its capital to EUR 7.03 million, SeeNews said.

SBERBANK life insurance, subsidiary of Sberbank, reported that following the results of its investment activities in 2020, the yield on accumulative life insurance contracts (ALI) for ruble-denominated policies was 8% per annum, and for policies denominated in dollars - 3%.

At a meeting of the Cabinet of Ministers on July 9, President of Turkmenistan Gurbanguly Berdimuhamedov expressed dissatisfaction with the activities of several authorities, including the State Insurance Organization, informed Business Turkmenistan.

From January to May 2021, the MTPL market in Ukraine grew by 14.6% to UAH 2.7 billion (~EUR 80.57 million*), Forinshurer reports according to the Motor (Transport) Insurance Bureau of Ukraine. At that MTPL GWP under e-policies increased by 59% to UAH 1.4 billion.

Uzbekistan, with the support of the WHO European Regional Office, has launched a pilot project in the Syrdarya region to provide the population with health services. The provision of public health insurance is part of nationwide health sector reforms announced in 2020, the WHO Regional Office for Europe announced on July 9.

FINMA - the Swiss Financial Market Supervisory - announced its Board of Directors appointed Urban Angehrn (currently Group Chief Investment Officer of Zurich Insurance Group) as the authority's new CEO.

"Agroinsurance is not standardized and there are various offers on the Bulgarian market", said Nina Kolchakova, Secretary General of ABZ (Association of Bulgarian Insurers). Therefore, farmers should be aware of all the terms of the offer in advance to determine if it suits their needs, according to the ABZ.

The European Commission has approved, under the EU Merger Regulation, the acquisition of Willis Towers Watson ('WTW') by Aon. The decision follows an in-depth investigation into the effects of the proposed transaction, combining the activities of Aon and WTW.

Leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers announced in June the formation of CyberAcuView, a company dedicated to enhancing cyber risk mitigation efforts across the insurance industry. All CyberAcuView activities are conducted under strict antitrust review and guidance.

Eight of the world's leading re/insurers have established the UN-convened Net-Zero Insurance Alliance (NZIA) as founding members, committing to transition their re/insurance underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050.