Insurance Europe has published its response to a consultation by the European Commission on ethical and legal requirements for trustworthy artificial intelligence (AI) in the EU.

Zurich Insurance Group today announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change.

Peak Re, a global reinsurer based in Hong Kong, announces the appointment of Mr. Matteo Cussigh as Senior Vice President of Markets.

In 1H2020, GWP ceded in reinsurance abroad reached RUB 65.8 billion/EUR 0.83 billion*, which is 23% more y-o-y (in RUB), as ASN reports with reference to the Association of professional insurance brokers (APIB).

The number of traffic accidents in the country in 1H2020 amounted to 72.4 thousand, which is 1% less y-o-y, and the number of traffic accidents with injured decreased by 4%, to 11.2 thousand, while the mortality rate is 9.1 people per 100 thousand population, according to the press-release of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).

In the second quarter, the decline in economic activity due to the pandemic led to a decrease both in GWP and paid claims, mainly because of reduction of insured events. In general, at the end of 1H2020, total market GWP amounted to RUB 739 billion (~EUR 9.39 billion*) , and remained almost at the level of 1H2019 (-0.03%), according to the data, published by the Central Bank of Russia.

The insurance market of Belarus completed 1H2020 with an increase of 6.93%, GWP amounted to BYN 737.7 (~EUR 272.8 million*). At the same time, the growth rate of paid claims has outpaced GWP growth by more than two times (+14.86%), according to the data, published by the Ministry of Finance of the Republic.

With the support of the Swiss Re Foundation and of PAID Romania (Pool for Insurance against Natural Disasters), the Lindenfeld Association, by means of the "Ajungem Mari" Educational Programme, initiated the "Conectati la educatie" Project, through which more than 180 children from foster care centers and deprived families received electronic devices to be used for attending online educational and school-related activities.

On September 11, 2020, the President of Turkmenistan Gurbanguly BERDYMUKHAMEDOV approved the Rules for mandatory state insurance for passengers of all types of transport and transport complex employees, the State news agency of Turkmenistan informed.

GPI Holding continues to lead and holds the largest share of the Georgian insurance market (20.62%) according to the half-year data, provided by the State supervision service of Georgia.

Aon launched the September edition of "Reinsurance Market Outlook", providing a comprehensive assessment of key market dynamics of the recent renewals period. Metrics such as global reinsurer capital, alternative capital, and catastrophe losses offer insights on the potential direction of the global re/insurance industry and future renewals, the report says.

According to Fitch, this decision reflects "SCOR's "Favourable" business profile within the global reinsurance sector, "Very Strong" risk-adjusted capitalization and "Strong" financial performance."

GUY CARPENTER and MARSH - two business units of MARSH & McLennan - announced the appointment of Dean KLISURA as President of GUY CARPENTER, effective October 1, 2020. He will report to Peter HEARN, CEO of GUY CARPENTER.

LLOYD's announced the appointment of Uwe SCHOBERTH as US Market Development Director, a newly created role focused on expanding strategic relationships with retail, wholesale and reinsurance brokers.

Slovene ZAVAROVALNICA TRIGLAV announced S&P Global Ratings reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating with a stable medium-term outlook of TRIGLAV Group and thereby of its parent company and its subsidiary Pozavarovalnica TRIGLAV Re.

British insurer AVIVA annoucend it has sold its Singapore operation to local rival SINGLIFE in a deal that values the unit at GBP 1.6 billion. The UK insurer will retain a 25% stake in the new created business.

The High Court has ruled that the majority of businesses that held business interruption insurance and were forced to close could be entitled to be compensated by the insurers involved in the test case, subject to appeal, Insurance Post reports.

Aon plc has released the results of a new global pulse survey focused on how companies are rethinking their human capital strategies in response to the humanitarian and economic impacts of the novel coronavirus (COVID-19) pandemic.

The (re)insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector; the impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple fronts, Guy Carpenter said, during media briefing 'The Changing Nature of Risk'.

Swiss Re announced further measures to support the transition to a low-carbon economy, including stepping up to a USD 100 per tonne internal carbon levy, which will increase to USD 200 by 2030.