Q1 201 Latvian insurers' aggregate GWP (local and EU branches, summed-up) totaled EUR 215.29 million, almost EUR 10 million less than in Q1 2020, according to the quarterly figures published by The Financial and Capital Market Commission of Latvia (FKTK).

For four years of work since creation in 2016, GENERAL ASIGURARI entered the TOP-3 companies in Moldova. According to the results of 1Q2021 (GWP volume), the company ranks 3^rd in the insurance market and 2^nd in the non-life insurance market, said Vitalie BANARU, CEO of GENERAL ASIGURARI SA, in an interview with Capital Market.

Total market GWP in the first quarter of 2021 increased by about 7.9% y-o-y, to RUB 460 billion (EUR 5.17 billion). Paid claims for the period increased to RUB 185.3 billion (+16.2%), according to the statistical data, published by the Central Bank.

Hungarian insurers' GWP rose 7% year-on-year to HUF 360.30 billion (EUR 990 million) in the first quarter of 2021, according to the quarterly statistics published by by the National Bank of Hungary (MNB).

According to Q1 2021 preliminary data reported by Czech Insurance Association - CAP, the local insurance market totaled CZK 37.68 billion (~EUR 1.44 billion).

On June 10, the Bank of Russia issued a license to Sberbank Insurance for compulsory motor third party liability insurance (MTPL), the insurer said in its press release.

President Vladimir Putin signed a law according to which farmers will be able to conclude agroinsurance contracts with state support if an emergency is declared in the region, ASN reports.

Amodo, the well-known Croatian digital solutions provider and Croatia Osiguranje, the Croatian market's leading insurer will present, on July 7, 2021 at 15.00 hours CET, the first telematics program in Croatia LaqoPrevent, a unique prevention program that use advanced technologies to promote and reward safe driving.

The global re/insurer SCOR and British multinational universal bank, Barclays have succeeded to put an end to their before the High Court in London on mutually beneficial terms.

From January to April GWP in MTPL grew by 9.5% y-o-y to AZN 28.7 million (~EUR 13.93 million*), Trend reports citing the statistical report of the Central Bank of Azerbaijan (CBA). According to the CBA, in 2020 for the same period MTPL GWP the country amounted to AZN 26.2 million.

The number of terminated MTPL contracts in Armenia continues to grow rapidly - in January-May by 3.9 times compared to the same period in 2020, amounting to 19,500.

AON has launched of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events worldwide during May 2021.According to the report, U.S. insurers face a multi-billion-dollar payout, as convective storms resulted in extensive hail, tornado, wind and flood damage.

Austrian Insurance Group UNIQA started 2021 with a strong performance: an underwriting result of EUR 62.5 million, while the investment result reached EUR 150.1 million. The consolidation of the AXA companies in Poland, the Czech Republic and Slovakia has already resulted in positive effects.

Global macroeconomic resilience fell by 18% in 2020 and it is not expected to return to the pre-crisis levels in 2021, despite the recovering economic growth. The global insurance protection gap reached a new high, of USD 1.4 trillion, yet global insurance resilience is expected to grow in 2021 due to increased risk awareness, the latest Swiss Re Institute Resilience Index shows.

CSOB Group, one of the largest banking and insurance institutions in the Czech Republic, has selected Earnix, a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, to integrate its analytical personalization system into the Czech insurer personal lines insurance offering.

The French insurers have agreed the signing of a settlement in order to restore peaceful relations. Covea and SCOR have decided to renew the relationship based on professionalism and mutual support that they enjoyed for many years and in keeping with their respective independence.

Holding a Top 3 position in each CEE market where it operates, except for Slovenia, is the goal set by the Vienna Insurance Group (VIG) for 2025. "We want to achieve this through organic growth, but we will also consider possible acquisitions," CEO Elisabeth Stadler told SeeNews in a recent interview.

Fitch Ratings has affirmed Turk P ve I Sigorta A.S.'s (Turk P&I) Insurer Financial Strength (IFS) Rating at 'BB-'. The Rating Outlook is Stable. A full list of rating actions is below.

Latvian insurers' aggregate net profits totaled EUR 10.40 million vs. a net loss of EUR -3.52 million in Q1 2020, according to data presented by the Finance and Capital Market Commission (FKTK).

According to the Q1 statistics published by the Central Bank of Hungary, at the end of March 2021 the aggregate market gross profit of Hungarian insurers decreased by 10% y-o-y to HUF 24.59 billion the equivalent of EUR 67.6 million (vs. HUF 27.12 billion).