On June 29, 2021, an official visit of the President of the Republic of Kyrgyzstan to the Republic of Tajikistan took place, according to the website of the Agency for Social Insurance and Pensions under the Government of the Republic of Tajikistan.

For the period January-May 2021 the Albanian insurance market generated GWP worth over ALL 7,009 million (~EUR 56.98 million*), or 15.51% more y-o-y. The number of concluded insurance contracts for the period increased by 1.86% y-o-y, according to figures published on the website of ASFA (Albanian Financial Supervisory Authority).

French reinsurer SCOR announced at the Annual General Shareholders' Meeting of June 30, 2021, SCOR's shareholders, overwhelmingly supported SCOR's strategy and the new governance proposed by its Board of Directors.

Tjeerd Bosklopper, member of the NN Group Management Board, has been appointed chair of the Dutch Association of Insurers (Verbond van Verzekeraars) for a period of two years. He succeeds Willem van Duin who has held the position since June 2019.

At the end of June, His Royal Highness, The Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit to Lloyd's, the world's leading insurance and reinsurance marketplace.

Global reinsurance broker Guy Carpenter (GC), part of Marsh McLennan (MMC), announced the appointments of James Johns as Managing Director, effective August 12, 2021, and Joshua O'Donoghue as Senior Vice President, effective November 8, 2021, within its Non-Marine Specialty division.

AM Best has affirmed on 2 July the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" (Fair) of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey). The outlook of these Credit Ratings (ratings) is stable.

Allianz Australia announced the completion of the transaction to acquire Westpac's general insurance business and commenced a 20-year exclusive agreement to distribute general insurance products to Westpac customers.

SCOR's shareholders were presented today the Group's new governance proposed by its Board of Directors, consisting of a separation of the roles of Chairman of the Board and Chief Executive Officer with effect from today.

Insurance companies in the Czech Republic estimate the damage caused by a devastating tornado last Thursday at CZK 3.6 billion (approx. EUR 140.5 million), announced Radio Prague International today.

Italian Generali Group announced its new strategy on climate change which updates and extends the Group's existing plan approved in February 2018, pledges significant action related to investment and underwriting activities, the Group's core businesses, committing to a low climate impact future.

"The EUR 6 billion of new green and sustainable investments made over the last three years have allowed us to exceed our pre-set targets ahead of schedule. We believe that the private sector can play a key role in financially supporting the 'Just Transition' for a future with net-zero greenhouse gas emissions by assisting public institutions in taking the necessary actions," stated Philippe DONNET, CEO of the Group.

The largest CEE insurance market posted aggregate GWP of PLN 17.6 billion (EUR 3.8 billion) at the end of March 2021, 5.33% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers decreased by ~3% y-o-y to PLN 10.2 billion or EUR 2.2 billion.

At the end of 1Q2021, the Ukrainian insurance market grew by 4.26% y-o-y (in local currency) and amounted to UAH 12.04 billion (EUR 367.95 million), according to the data published by the National Bank of Ukraine.

From the beginning of 2020 to May 31, 2021, payments of the Military Insurance Fund totaled to AMD 38.5 billion (~EUR 60.46 million*), ArmInfo reports with reference to the Fund's official statement.

The Government of Georgia is considering introduction of a mandatory unemployment insurance mechanism in the country, under the new Social Code, which has been officially announced recently, Trend reports with reference to Georgian media.

The first stage of increasing the solvency requirements for companies will start on July 1 and the Bank of Russia is satisfied with how the insurance market is approaching this, said Philip GABUNIYA, director of the insurance market department of the Bank of Russia, on June 29, "Strakhovanie segodnya" reports.

In the first three years since introduction of the strategy for the development of the non-banking financial market for 2018-2022, about 80% of the measures included in the Action Plan have been implemented, stated CNPT representatives for xprimm.md.

S&P Global Ratings assessed insurance industry and country risk as moderately high for the life insurance sector in Kazakhstan (BBB-/Stable/A-3), which is comparable to life sectors in China, Colombia, Portugal, Poland, and South Africa.

The Executive Board of the Central Bank of the Republic of Kosovo on the meeting held on June 24, 2021 has decided to temporarily reduce the border motor liability insurance.

In order to enable the most proactive market presence of insurance companies, the InCubis 2.0 platform - a new generation of InCubis solutions - is being intensively prepared. After 15 years of Megaline development and 14 years of InCubis 1.0 development, it is time to announce a new insurance information platform.