GENERALI has almost completed the integration process with CONCORDIA after KNF - The Polish Financial Supervision Authority approved the merger of its two non-life insurers - GENERALI and CONCORDIA Polska.

Insurance Europe has published its response to a consultation conducted by the European Financial Reporting Advisory Group (EFRAG) on the ad personam mandate on the potential need for changes to its governance and funding.

AXA implements what it calls "smart working strategy" to all of its entities worldwide. The strategy is about a hybrid way of working and will be deployed by 2023, as a press release issued by AXA.

The Insurance Supervision Agency of the Federation of BiH has granted approval to ASA osiguranje to buy a 86.46% stake in CENTRAL osiguranje, the acquisition previously targeted by CROATIA osiguranje, local media wrote.

Insurance Europe has published its comments on an inception impact assessment conducted by the European Commission on its plans to establish a European Single Access Point (ESAP) for financial and non-financial information disclosed by companies.

According to the INGO insurance company, the number of customers who bought insurance products online in Ukraine in 2020 tripled y-o-y, as Forinsurer informed with reference to the insurer's report.

At the end of 3Q2020, the insurance market in Tajikistan expanded by 4.05% to TJS 175.30 million (EUR 14.50 million*). At the same time, again, growth was provided by voluntary types of insurance, while compulsory insurance continued the downward trend, according to data published by the National Bank.

According to the quarterly MNB published statistics, at the end of September 2020 the aggregate market gross profit of Hungarian insurers was up by 27.20% y-o-y to HUF 70.45 billion the equivalent of EUR 193 million (vs. HUF 55.39 billion), while the value of net profit increased to HUF 65.96 billion (EUR 180 million).

Polish insurance market totaled PLN 46.5 billion (EUR 10.2 billion) at the end of September 2020, down by 1% y-o-y, according to the quarterly market figures published by The Polish Financial Supervision Authority (KNF). At the same time, claims and benefits paid by local insurers decreased by ~4% y-o-y to PLN 29.5 billion EUR 6.5 billion.

Roland's Palace return to its original look, after the fire which damaged it in November 2018, was announced for Q2 2021, the Slovak Spectator reports. The building, one of the most beautiful in Bratislava's Main Square, is owned by insurer Kooperativa.

"Despite the inescapable fallout from COVID-19, it is climate-related matters that make up the bulk of this year's risk list, which the report describes as "an existential threat to humanity," the latest Global Risks Report 2021, launched on January 19, shows.

GFIA (Global Federation of Insurance Associations) has issued a paper regarding their recommendations for the e-scooters which became one of fastest growing urban mobility trends and it is crucial to understand the risk profile of e-scooters and jurisdictional best practices for regulating them.

SBERBANK Insurance, one of the TOP-20 local insurers, renewed the obligatory reinsurance treaty of property and builder's risks and doubled the program capacity to RUB 10 billion (EUR 0.11 billion*), the insurer reports.

In 2020, 17.8 million e-MTPL policies were sold in Russia, thus the share of e-MTPL reached approximately 50% of all sold MTPL policies for the period.

From January to November 2020, GWP of the Kazakh insurance market increased by 11% y-o-y, Allinsurance.kz reports.

SCOR has announced a new partnership with Life Science company Bayer and One Drop to provide life insurance products for people with chronic conditions. They will bring One Drop's AI-powered digital health platform to life insurance carriers and policyholders across the United States.

The Global Federation of Insurance Associations (GFIA) has published a collection of some of the many cyber-risk and cyber-insurance awareness initiatives being undertaken by the insurance industry around the world.

Baki Sigorta insurance company has been put on the register of the Azerbaijani Compulsory Insurance Bureau. The company will provide services in compulsory real estate insurance, civil liability insurance for the operation of real estate, and MTPL, Trend reported referring to the Bureau.

RENOMIA purchased a majority stake in R&D APDROSINASANAS BROKERS (R&D Insurance Brokers Ltd.), a local company based in Riga and strengthened its position within Central and Eastern Europe (CEE) as Latvia became the eighth European country in which RENOMIA has direct representation.

Dutch insurance group NN announced it has obtained approval from De Nederlandsche Bank (DNB), the Dutch supervisory authority, to execute the legal merger of VIVAT Non-life into NN Non-life.