ERGO Group and BMW Bank agreed on strategic cooperation in the German car dealership sector. Within this framework, both companies aim to develop digital insurance and mobility services in the future.

For the first six months of 2020, the net profit of the Russian National Reinsurance Company (RNRC) increased by 29.6% y-o-y, to RUB 3.9 billion (~EUR 49.37 million*), as the Finmarket portal informed according to the reinsurer's financial report.

In 1H2020, MTPL GWP decreased slightly y-o-y (-0.7% in local currency), to RUB 103.26 billion (~EUR 1.3 billion*). At the same time, thanks to restrictive measures during the pandemic, paid claims dropped by 6.2%, to RUB 69.58 billion, ASN reports based on the data of the Russian Association of Motor Insurers (RAMI).

A group of financial sector associations - including Insurance Europe - has written to the European Commission to warn against its proposals to introduce a new definition of "sustainability preferences" across the delegated acts of MiFID II, the Insurance Distribution Directive (IDD) and Solvency II.

Guy Carpenter announced the appointment of Andrea Piatti as a Managing Director, Global Risk Solutions, effective 3 August. Mr. Piatti will be responsible for originating and driving opportunities to better serve the clients in the customized reinsurance space across Europe and MENA, including structured reinsurance treaties and capital management/solvency-related transactions.

Up to the end of June, natural disasters produced overall losses of around USD 68 billion, a slightly lower figure than the 30-year average (USD 74 billion after adjustment for inflation), informed MUNICH Re.

According to the "Global Catastrophe Recap: First Half of 2020 report", recently launched by the global re/insurance broker Aon, global natural disaster events during 1H 2020 caused total economic losses estimated at USD75 billion - 23% lower than the 2000-2019 average of USD 98 billion.

PZU is the first company in Poland implementing in cooperation with the Ministry of Digital Affairs an innovative solution for authenticating the user of the mojePZU (myPZU) platform. As a result, the use of PZU products will become even faster and more convenient.

Nicolae TROFIN was appointed as a third member of the Board of SIGNAL IDUNA Romania, top health insurance provider. He joins Tiberiu Maier, Chairman and Mihaela Druga, Member. He will coordinate customer service activities, including customer service, sales and marketing.

Ray Sigorta, a subsidiary of Vienna Insurance Group, has signed a major deal with the Leeds-based CPP Group. CPP's Cyber Care product will deliver online security checks within Ray's new 'Cyberella' product, designed to protect customers from risks posed by identity and information fraud.

Based on data currently available, the total estimated cost of the Covid-19 pandemic booked in Q2 2020 by French reinsurer SCOR reaches a total of EUR 456 million net of retrocession, net of reinstatement premiums and before tax, fully booked in the second quarter.

The Czech National Bank Q1 2020 figures show that at the end of March 2020 the local insurance industry totaled about CZK 45.39 billion (~EUR 1.66 billion), up by 8.62% y-o-y.

For the first 5 months of 2020, insurance market of Kyrgyzstan generated GWP worth KGS 297.7 million (EUR 3.63 million), as the data, published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic, show.

Claims and reserves related to COVID-19 of USD 2.5 billion across the Swiss Re Group, resulted in a net loss of approximately USD 1.1 billion in the first half of 2020. The Group's net income, excluding COVID-19 claims and reserves, reached approx. USD 0.9 billion.

Tajikistan introduced a new type of insurance against COVID-19, as Abdullo ABDULLOEV, the first deputy general director of the State Company Tojiksugurta noted, Avesta reports.

The national rating agency Expert RA has confirmed the highest rating of financial reliability of SBERBANK Life insurance at ruAAA, outlook stable, as the insurer's press service reports.

Gulnara ORLOVA has been appointed head of the department for the development of additional services of ROSGOSSTRAKH Life, according to the insurer's press release.

Lead investors, Moscow based AddVenture and Berlin based Target Global, of the Russian insurtech startup BestDoctor, were joined by the London-based LVL1 fund, making third round of financing for USD 4.5 million, as techcrunch.com informed.

For the period from January to May 2020, according to the Statistics committee at the Ministry of National Economy of the Republic of Kazakhstan, the total number of registered traffic accidents amounted to 4,178 cases.

The share of e-MTPL policies from the total number of MTPL contracts reached 13% as of July 2020 (vs 4% a year ago), ArmInfo reports.