Hannover Re expects to see significant price increases spanning the various lines of property and casualty reinsurance in the treaty renewals as at 1 January 2021. The key drivers here are the strains incurred by primary insurers and reinsurers in connection with the Covid-19 pandemic, a further drop in interest rate levels and the large losses recorded over the past three years.

SCOR has successfully placed a dated subordinated Tier 2 notes issue in the amount of EUR 300 million. SCOR intends to use the proceeds of the issuance for general corporate purposes.

Claims Corporation Network (CCN) and eviid have entered into a partnership in order to support insurance companies and fleet-owners with a capability to reduce bogus (false), or unsubstantiated claims through the use of real time digital imagery allowing detection of manipulated digital media.

Generali signs the request of European business leaders and investors calling on EU Heads of State and Government to reduce domestic greenhouse gas emissions by at least 55% - compared with 1990 levels - by 2030, raising the previously envisaged target of 40%.

On September 22, 2020, Moscow will host the "Claims&Pays 2020. Loss settlement in insurance" conference, organized by the media information group "Strakhovanie segodnya" with support and participation of the All-Russian Insurance Association (ARIA). The event will be held online and offline.

The PZU SA Supervisory Board decided to appoint Malgorzata Kot and Krzysztof Szypula to the company's management board, entrusting them with the functions of PZU SA management board members.

Insurance Europe has today published its response to a roadmap consultation by the European Commission on an EU digital ID scheme. Digital identities and the associated processes of authentication and authorisation are an essential component of the digital single market.

Bulgarian insurers' total assets increased by 7.7% y-o-y, data provided by the Bulgarian Central Bank as of June 30, show. At the same time, the number of market players decreased by 1 unit, to 51 companies. The scope of the statistics also includes the data for the branches of insurers headquartered outside Bulgaria.

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies (NYSE: MMC), today announced the launch of its new Indonesia Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, the most frequently occurring natural peril in the country.

Global supply chains are undergoing fundamental and accelerated restructuring, the latest Swiss Re Institute sigma study, "De-risking global supply chains: rebalancing to strengthen resilience", says.

Following rate improvements in many markets, and particularly in loss-affected segments, Swiss Re expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment.

At its annual Investor Day, SCOR's Executive Management team, led by Denis Kessler, presents an overview of the first year of the "Quantum Leap" strategic plan.

Lloyd's confirmed it expects to pay out up to GBP 5 billion in COVID-19 customer claims on a gross basis, with the publication of its 2020 Half Year Results.

For the period from January to June 2020, GWP under Green Card policies, issued by members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) decreased to UAH 0.56 billion (~EUR 18.8 million*), which is 36.37% less y-o-y, Forinsurer reports.

At the end of the second quarter of 2020, the profit of the insurance sector has grown, and return on equity has become the highest over the past three and half years (33.7%), according to the report of the Bank of Russia.

Thierry PELGRIN has joined the underwriting team of Helvetia Active Reinsurance St.Gallen, Switzerland, being appointed Senior Underwriter responsible for France and North African markets. He joined the Helvetia team on June 1st, 2020.

At the end of June 2020, the Greek insurance market totaled EUR 1.93 billion, down by 4.5% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC).

The insurance market of Cyprus totaled EUR 255.63 million at the end of Q1 2020, up by 4.46% y-o-y, according to the most recent market figures published by the Insurance Association of Cyprus - IAC.

The insurance market regulator came up with an initiative to develop a draft law "on amendments and additions to certain legislative acts of the Republic of Kazakhstan on regulation and development of the insurance market and securities market" in order to update the legislation and make changes on problematic market issues, according to the Association of Financiers of Kazakhstan (AFK).

In September 2020 the Armenian Bureau of motor insurers celebrates its 10^th anniversary, in connection with that the Bureau has prepared a report on the work done, achievements in MTPL baased on the key indicators, such as procedures for concluding contracts, registrations of accidents, claim payment, as well as MTPL reforms, according to the announcement made on the website of the Bureau.