During the first nine months of 2020, Munich Re generated a profit of EUR 999 million (9M2019: 2,490). The operating result fell to EUR 353 million (9M2019: 844).

The full program of the forthcoming Croatian Insurance Days Conference was published on the event's website, listing several interesting topics focusing on insurance consumers and industry transformation in the new normal of the post-Covid era. XPRIMM is supporting the event as a Media Partner.

On October 28, the Government of Moldova approved a draft law on insurance and reinsurance activities, developed by specialists of the National Commission for the Financial Market (CNPF) together with experts from the World Bank. The draft law will be submitted to Parliament for consideration and further approval.

From January to September 2020, total GWP of ARX and ARX Life amounted to UAH 2.2 billion (~EUR 66.33 million*), which is 17% more y-o-y, while total net profit of the two companies reached UAH 308 million (+168% y-o-y), as Forinsurer reported.

On October 29, 2020, at a meeting of the Cabinet of Ministers, the Deputy Prime Minister for Economy and Finance announced that work is underway on compulsory insurance of military personnel in accordance with the Decree of the President of Turkmenistan d/d March 31, 2010 "On compulsory state personal insurance of military personnel and persons liable for military service, persons of ordinary and commanding staff of internal affairs bodies", writes turkmenportal.com.

Private insurance companies in Georgia join the fight against coronavirus. According to Devi KHECHINASHVILI Chairman of the Board, Georgian Insurance Association, insurers will join measures to help those with mild forms of the virus, Business Georgia reports.

The Cyprus cruise line Celestyal Cruises will provide complimentary travel insurance for all new, individual bookings made through to 30 November and it will also cover medical expenses associated with Covid-19 for its guests.

Albanian 3Q2020 GWP amounted to over ALL 11,999 million (EUR 96.73 million), or 6.54% less compared to January-September 2019, according to the quarterly figures published by Albanian Financial Supervisory Authority (AFSA).

Montenegrin insurance market totaled EUR 71.63 million at the end of September 2020, 0.97% less y-o-y, accoring to the quarterly market data released by Insurance Supervision Agency.

The gross written premiums of Croatian insurers decreased by 1.43% y-o-y to HRK 8.042 billion (EUR 1.07 billion) at the end of September 2020, according to the quarterly figures published by the Croatian Insurance Bureau - CIB.

On November 25-26, 2020, a unique event in its format will be held, which will unite:

• 24th Annual Reinsurance Conference
• 19th Annual November Business Meetings of Reinsurers

Cybercrime is the new challenge that the COVID-19 pandemic brings. The changes that took place in our lives such as: the way we learn, shop and work caused by the COVID-19 pandemic have increased the digitalization trends, but this is not necessarily a good strategy as these also bring implication for cyber risk.

Starting with 1 July 2020, Maciej Fedyna was nominated by the Supervisory Board as new President of the Management Board and CEO of Generali in Poland and will succeed Andrea Simoncelli who was appointed as new Chairman of the Supervisory Boards of Generali T.U. S.A., Generali Zycie T.U. S.A and Generali Finance Sp. z o.o.

Vienna Insurance Group AG (VIG), has become 100% owner of BTA Baltic Insurance Company AAS (BTA) shares, the insurance market leader of Latvia.

According to the National Association of Agriculture Insurers (NAAI), for the period of January to September 2020, agroinsurance with state support increased by 31% y-o-y, with both crop and livestock insurance showing positive dynamics, as follows from the NAAI report.

From November 1, the Social security treaty between the Republic of Belarus and the Republic of Moldova comes into force, which regulates payment of insurance premiums for state social (pension) insurance, as well as granting and payment of pensions and insurance compensations, as BELTA informed, citing the Ministry of Labor and Social Protection.

Total net profit of Armenian insurers for the first 9 months of the year grew 3.6 times and exceeded AMD 4 billion (~EUR 6.97 million*), as ArmInfo reports.

The Global Federation of Insurance Associations (GFIA) has launched its new Annual Report with a wide range of topics that include industry's role considering the pandemic situation.

A 7.0-magnitude earthquake struck Friday in the Aegean Sea between the Turkish coast and the Greek island of Samos, killing at least 91 people and injuring over 1,000 amid collapsed buildings and flooding, according to the latest official data available. The quake also made a couple of victims, and injured 19 people, in addition to the material damages.

ADRIS grupa - the shareholder of CROATIA osiguranje, reported 9 months 2020 revenues of HRK 3.88 billion (~EUR 510 million) and were down 19% year-on-year.