News - Insurance
From July 1, driving between Kosovo and Montenegro will no longer require border insurance
Kosovo and Montenegro have signed an agreement on the abolition of border security between the two countries, announced Tirana Post. Thus, starting 1 July, for cross border traveling by car there will be no need to acquire border insurance.
30 June 2021Hungary: Aegon paid about EUR 2 m due to COVID-19
Hungarian unit of Aegon announced it has paid more than HUF 700 million (~EUR 2 million) for life and accidents coverages since the beginning of the Coronavirus pandemic, wrote portfolio.hu here.
30 June 2021Estonia: The number of traffic accidents, back to the pre-COVID crisis
According data provided by LKF (Estonian Traffic Insurance Fund), the number of traffic accidents related to MTPL policies issued by Estonian insurers was 2,570 in May 2021, about 30% more as compared with May 2020.
30 June 2021Bulgaria: Armeec CEO was re-elected as head of ABZ
Konstantin Velev, the CEO of Bulgarian non-life insurer Armeec, was re-elected as Chairman of the Management Board of the Association of Bulgarian Insurers (ABZ), according to a press release publish on insurer's website: "His election was made unanimously during the general meeting of the members of the association, which approved the program of the association for next year".
30 June 2021Generali has placed a EUR 500 million tier 2 bond due in June 2032
Generali has closed its first sustainability bond in accordance with its Sustainability Bond Framework. The company has placed the new Euro denominated Tier 2 bond due in June 2032. This new format confirms Generali's leading position on sustainability matters.
30 June 2021Digital solutions are better with the support of the insurers in data availability
Insurance Europe has published their positive response for the overall objective of the European Commission to create a single market for data, where data from public bodies, businesses and citizens can be used safely and fairly for the common good.
30 June 2021NN Group is eyeing MetLife's Greek and Polish subsidiaries
Dutch NN Group NV offered to acquire part of MetLife Inc.'s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets, Bloomberg reports.
30 June 2021Eurohold to sell the dealer of Dacia-Renault-Nissan auto brands in Bulgaria
Avto Union AD, part of Bulgarian Eurohold, signed a preliminary contract for the sale of its subsidiary N Auto Sofia EAD to Bulpharma OOD, a leading investor in healthcare services.
29 June 2021Generali Ceska pojistovna to merge with Generali Slovakia
Generali CEE Holding announced the merger of its Czech and Slovak units: Generali Ceska pojistovna and Generali Slovakia. Generali in Slovakia will operate as a branch of Generali Ceska pojistovna, under the name Generali Poistovna, a branch of an insurance company from another Member State.
29 June 2021RISK RADAR REPORT: Insurance buyers move online permanently after a year of cultural change
Global Insurance Law Connect (GLIC), a formal network of insurance law firms, has issued the Risk Radar Report which highlights the follow-on impact of the 'powering up' of digital marketing, sales and claims processing, as insurance buyers around the globe move online permanently after a year of cultural change.
24 June 2021Generali to acquire a majority stake in AXA Affin joint venture Malaysia
Generali signed an agreement in Malaysia to acquire a 70% stake in AXA Affin Life Insurance joint venture (49% from AXA and 21% from Affin) and approximately a 53% stake in AXA Affin General Insurance joint venture (49.99% from AXA and 3% from Affin and minorities).
24 June 2021Bulgarian Insurtech Ablera winner of the prestigious award for Technology at the International forum in Dubai
Bulgarian Insurtech Ablera won the Start-up Technology Award for their innovative ABACUS solution transforming the pricing and rating processes in insurance companies. The award was received at the5th edition of the prestigious Golden Shield Excellence Awards, in the InsurTech Start-up Technology category.
24 June 2021STATISTICS: CNB: Czech insurers' Q1 GWP increased by 2.7% y-o-y, confirming the CAP statistics
The Q1 2021 figures recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 44.7 billion (~EUR 1.7 billion), up by 2.7% y-o-y, confirming the 2.4% year-on-year increase posted by Czech Insurance Association - CAP.
24 June 2021A 38% stake in Bosnian Osiguranje Aura for sale
The state-owned Investment-Development Bank of Bosnia's Serb Republic, IRBRS, said it is looking to sell its shares in local insurer Osiguranje Aura representing 38.06% interest for BAM 2.16 million (EUR 1.1 million), SeeNews announced on June17, quoting IRBRS
24 June 2021Frost and Sullivan's Technology Innovation Leadership award for 2021 went to Amodo, awarding the company's best practices
Global market research and consulting company Frost and Sullivan rewarded Amodo, the Croatian InsurTech company of global relevance, with a European User-based Insurance Industry Excellence in Best Practices award.
24 June 2021Croatia: GWP up by 13.2% in the first five months of 2021
The 15 insurers active on the Croatian market in the first five months of 2021 wrote gross premiums worth HRK 5.4 billion (~ EUR 972 million), of which for life insurance HRK 1.4 billion, and HRK 4.0 billion for non-life insurance, latest data from HANFA, the supervisory authority, show.
24 June 2021Swiss Re sells stake in Phoenix Group for GBP 437 million
Swiss Re announced that it has reduced its shareholding in Phoenix Group Holdings plc, by selling an approximately 6.6% stake for GBP 437 million. The Phoenix stake was acquired by Swiss Re last year in the sale of its ReAssure subsidiary.
24 June 2021SCOR has received an 'AA-' Financial Rating with stable outlook
Standard and Poor's (S&P) has decided to affirm SCOR's Group Financial Strength Rating of 'AA-' with a stable outlook as the company has demonstrated its ability to absorb the shock of the pandemic, to continue to grow, to maintain its profitability and to strengthen its solvency even further.
24 June 202157% of Europeans expect to travel during this summer, although their travel budgets dropped over 20% from 2019
The 20th Aniversary edition of the 2021 Holiday Barometer has been puplished by the Europ Assistance ("EA"), conducted by Ipsos, a global research firm. Over 14.000 people were questioned between May 5th and May 20th in order to investigate consumer holiday plans and travel preferences.
24 June 2021BELARUS: in 2020 the budget of the public non-budgetary fund for social protection executed with a surplus
In 2020, the budget of the public non-budgetary fund for social protection in the Republic of Belarus was executed with a surplus of BYN 213.9 million from professional pension insurance, said Yulia MURINA, Deputy Chairperson of the Standing Committee on Budget and Finance of the House of Representatives, BELTA informed.
23 June 2021
