According to LKF (Estonian Traffic Insurance Fund) statistics, the MTPL annual average premium fell to EUR 108 in the first quarter of 2021. As comparison, two years ago the same indicator was EUR 145, about 26% less.

The Russian insurance market grew by 4.1% (in ruble) in 2020, despite the high economic volatility induced by the pandemic crisis. After the largest GWP reduction in the first half of the year, in 3Q2020 the insurance market almost returned to the "pre-Covid" level.

Total GWP generated by the insurance market in Turkey totaled TRY 25.3 billion (EUR 2.6 billion) at the end of March 2021, 15.8% more y-o-y, according to figures from the Insurance Association of Turkey -TSB.

At the end of March 2021, the Macedonian insurance market totaled MKD 2.68 billion (EUR 43.6 million), up by 4% y-o-y, according to preliminary data provided by the local Insurance Supervision Agency.

At the end of the first quarter of 2021, the Georgian market increased by 10.47% to GEL 233.20 million (EUR 58.24 million), according to the data published by the Georgian Insurance Supervision Service.

In 1Q2021 the Belarusian insurance market grew by 18.15% to BYN 448.86 million (EUR 145.69 million), according to data published by the Ministry of Finance of the Republic. It should be noted that the market also recorded growth in EUR - by 10.42%.

Swiss Re has issued the SONAR 2021 Report: New Emerging Risks Insights which presents emerging technological risks around biased product testing. As the COVID-19 crisis continues to play a defining role in our lives, Swiss Re's Report identified the threats that will shape the future post-COVID-19 risk landscape.

SCOR has developed Optical Character Recognition (OCR) modules which will help life insurers maximize the value of the information they have at their fingertips. SCOR's Data Analytics team is focused on providing technologies for life insurers, delivering speed and a better risk experience.

Experts from SCOR have issued an article regarding the "green" insurance industry and they showed that the "green and responsible finance is gaining real traction as many people consider the role it could play in the post-pandemic recovery." According to them, also the insurance industry is affected by the climate change.

Insuramore has made an analysis for the worldwide market insurance broking companies for 2020 and their results showed that in terms of fees and commissions, the earned was around USD 117.7 billion. However, significant further consolidation is taking place during 2021.

Members of GFIA and ANIA, together with the Italian Minister of Economy and Finance, met in a virtual meeting to discuss about the disruption caused by the COVID-19 pandemic and the high degree of resilience shown by the global insurance industry during the crisis.

Fitch Ratings affirmed Generali's 'A-' Insurance Financial Strength (IFS) rating. The agency also affirmed the 'BBB+' Issuer Default Rating (IDR), and the outlooks remain stable. The rating actions follow Generali's announcement of the cash voluntary public tender offer for all shares of Cattolica not owned by Generali for approximately EUR 1.2 billion.

Chubb Limited announced that Mark Hammond, who currently serves as Treasurer of Chubb Group, has been appointed to the additional role of Deputy Chief Financial Officer, a new position.

American International Group (AIG) announced that Quentin McMillan will join the company as Vice President, Managing Director and Head of Investor Relations, effective June 7, 2021. Based in New York City, McMillan will report to Mark Lyons, Chief Financial Officer, AIG.

Polish insurance group PZU SA announced the resignation of one Supervisory Board Member and one Management Board Member.

The Securities and Exchange Commission of North Macedonia announced it gave the green light to Croatia Osiguruvanje - Nezivot (non-life), the local unit of Croatian market leader, to increase its capital by EUR 0.58 million through a new share issue, SeeNews said.

According to the MTIBU (Motor (Transport) Insurance Bureau of Ukraine), in the first quarter of 2021, the number of complaints against actions of insurance companies received by the Bureau was 570, which is 57% more than in the previous quarter.

ROSGOSSTRAKH Life received the "Quality Mark" rating at the A1 level - the highest level of service quality. The company was rated by the BusinessDrom analytical center. This rating was assigned for the first time, according to the insurer's press release.

In the first quarter of 2021, total GWP volume through insurance brokers amounted to RUB 19.4 billion rubles (~EUR 0.22 billion*), which is 83% more than in the same period in 2020, ASN reported.

In the first quarter of 2021, GWP of RESO-Garantia, one of the top-5 market leaders, reached RUB 29.48 billion (EUR 0.33 billion*), which is 17.6% more y-o-y. At the same time, the insurer's paid claims amounted to RUB 14.42 billion (+17.5%), ASN reports with reference to the company's press release.