ACORD GRUP SA celebrates 18 years of work in the market. ACORD GRUP is one of the first and most successful companies in the insurance market in Moldova and has achieved this by improving the quality of services and constantly adapting to the challenges of the market, writes CapitalMarket.

In accordance with the presidential decree, the State Health Insurance Fund will be established in Uzbekistan from December 1, UzReport news agency reports.

The results of the insurance market for 9 months of 2020 show that corporate insurance dominates in GWP portfolios of Armenian insurers (50.9% or AMD 17.2 billion/~EUR 30 million*), while retail insurance accounts for 49.1% (AMD 16.6 billion/~EUR 29 million*), against 49.7% and 50.3% correspondingly a year earlier, ArmInfo reports.

AVIVA plc announced that it has completed the sale of its entire shareholding in PT ASTRA AVIVA Life (Indonesia) to PT SEDAYA MULTI INVESTAMA.

According to the 3Q2020 results, GWP of Armenian insurers decreased by 7.37% y-o-y in local currency, to AMD 33.83 billion (EUR 59.17 million). At the same time, it should be noted that the dynamics improved during the third quarter - GWP and paid claims returned to a growing trend, as the results, provided by ArmInfo, show.

According to the 3Q preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, at the end of September 2020, the local insurance market totaled EUR 2.87 billion, down by 4.5% y-o-y.

Cypriot insurers reported aggregate GWP of EUR 457 million in the first six months of 2020, up by 1.8% y-o-y, according to the quarterly market figures report published by the Insurance Association of Cyprus - IAC.

Insurance Europe published its response to a consultation conducted by the European Commission on its review of EU trade policy.

The National Bank of Hungary (MNB) imposed a fine of HUF 60 million (~EUR 166 thousand*) on Aegon Biztosito as a result of multiple deficiencies on insurer's activity, including investment life insurance and KGFB portfolio management, outsourcing activities, IT security, customer information, complaint handling, and (in several business lines) customer contracts.

The second edition of The Georgian International Insurance Conference is taking place in a virtual hybrid format hosted on Zoom platform and broadcasted LIVE on XPRIMM YouTube channel.

Willis Towers Watson (WTW) announced the acquisition of Acclimatise, a market leader in climate change adaptation advisory and analytics services, to help meeting the growing demands from corporates, Governments and financial institutions.

Standard & Poor's confirmed its "A+" rating for the Deutsche Ruckversicherung Group, Outlook "stable". The rating encompasses both Deutsche Ruckversicherung AG in Dusseldorf and Deutsche Ruckversicherung Switzerland Ltd (DR Swiss) in Zurich.

Generali has been confirmed in the Dow Jones Sustainability World Index (DJSI) and in the Dow Jones Sustainability Europe Index (DJSI Europe), recognition of its sustainability integration approach taken by the Group for its core business.

Nanne Bos will join Aegon as Chief Communications Officer, as per January 1, 2021. Nanne will succeed Frans de Beaufort, who will be appointed from the same date as Global Head of Corporate Sustainability.

After a decline in 2Q2020, the insurance market of Kazakhstan is demonstrating resilience to the effects of the pandemic crisis with GWP largely recovering in 3Q2020, as Fitch Ratings noted in the report, published on November 12.

For the first nine months of 2020, according to the company, ROSGOSSTRAKH Life doubled its GWP volume y-o-y (in local currency), having collected RUB 14.4 billion (~EUR 0.15 billion*), the insurer reports.

In less than 60 days, Generali Osiguranje Srbija, a leader in the Serbian insurance market, self-configured and launched the Snapsheet Appraisals with Serbian and English language options, according to a press release of Snapsheet.

Triglav Group has well faced the pandemic situation and recorded an increase of 6% (EUR 960.9 million) in consolidated gross written premium compared to the same period of 2019. Also, it stands by the already published annual profit estimates, with a lower percentage of 13% compared to the same period of 2019, but remained focused on its strategic guidelines, according to a press release.

The sports-car manufacturer Porsche, its management and IT consulting subsidiary MHP, and the insurance group Munich Re have founded a joint venture - the "FlexFactory" - company which aims to make the production of small series of all kinds of different products in the manufacturing industry more flexible and cost efficient.

Global Federation of Insurance Associations (GFIA) announced the election of Don Forgeron as its new President, as well as new appointments to its executive committee, following a vote at its annual general assembly.