From January to April 2020, life GWP amounted to KZT 23.6 billion (~EUR 51.2 million*), which is 15.7% more y-o-y, Allinsurance.kz informed according to ranking.kz. portal.

The Institutes, a leading risk management and insurance knowledge provider, announced plans for affiliating with the Insurance Information Institute (Triple-I). The Triple-I is a nonprofit communications organization serving as the trusted source of unique, data-driven insights on insurance.

Over the past few months, hundreds of millions of people from all over the globe have been forced to stay home, overnight. The economy, supply and demand came to a halt. We have taken necessary short-term measures to make sure we and our loved ones are safe and healthy.

"Only two or three percent of households in Serbia are insured against floods, and property insurance has less than 10 percent of households", said the general secretary of the Insurers Association of Serbia, Dusko JOVANOVIC, quoted by osiguranje.hr.

The number of uninsured vehicles in Greece is of about 586 thousand, Dimitris Zorbas, president of the cars division of the Association of Greek Insurance Companies stated recently referring to statistical data for 2018-2020, The National Herald reported.

Italian Group Generali announced it has committed to becoming a major shareholder, acquiring 24.4% of Cattolica, through a reserved share capital increase for EUR 300 million, subject to the transformation of Cattolica into a joint-stock company.

S&P Global Ratings today affirmed its 'B+' long-term insurer financial strength and issuer credit ratings on Kazakhstan-based insurer Oil Insurance Co. (NKS). The outlook is stable. At the same time, we affirmed our 'kzBBB' Kazakhstan national scale rating on NSK.

Fitch Ratings has assigned Turk P ve I Sigorta A.S. (Turk P&I) a 'BB-' Insurer Financial Strength (IFS) Rating. The Rating Outlook is Stable. A full list of rating actions is below.

Slovene insurange group TRIGLAV announced Natasa DAMJANOVIC, a Supervisory Board member of Zavarovalnica TRIGLAV, resigned as a Supervisory Board member of Zavarovalnica TRIGLAV on 18 June 2020 due to commitments related to her new employment.

The Geneva Association is pleased to announce the elections of three new Board members: Michel Khalaf, President and CEO, MetLife; Anna Manning, President and CEO, Reinsurance Group of America (RGA); John Neal, CEO, Lloyd's of London.

In 1Q2020, the Georgian insurance sector in expanded by 17.34% y-o-y in local currency, to GEL 211.10 million (EUR 58.05 million*). At the same time, the market dynamics in euro turned to be negative (-2.54%) due to the lari depreciation against euro.

In 1Q2020, the Kazakhstani insurance market showed an impressive growth in local currency both in total GWP (+36.1%), and separately in the life sector (+55.0%) and non-life (+31.3%), according to the data, published by the National Bank. The positive trend was seen in EUR currency too, the overall market GWP increasing by 16.2%.

HAIC - the Hellenic Association of Insurance Companies has published the preliminary figures of the local insurance market. According to the data of the member insurance companies, the value of Q1 2020 aggregate GWP - life and non-life insurance, added-up, decreased by 1.6% y-o-y to EUR 988 million.

For the first three months of 2020, insurers' ROE was 33.2% (vs 31.4% a year ago), quite high according to the Central Bank of Russia, as mentioned in the report on the key performance indicators of the insurers' activity.

The share of electronic MTPL policies in total number of MTPL insurance contracts in Armenia, as of June 2020, increased to 13% from 4% a year ago, the latest data from the Bureau of Motor Insurers of Armenia shows, ArmInfo reports.

Motor insurance GWP of Azerbaijan drastically dropped in April 2020, as Trend reported, referring to the published report of the country's Central Bank. Motor Hull premiums reached only AZN 1.7 million (~USD 1 million), 81% less compared to April 2019, while MTPL premiums decreased by 24%, to AZN 6.8 million (~USD 4 million).

The Italian group GENERALI informed its Slovenian asset management arm - GENERALI Investments Slovenia - is in the process of acquiring ILIRIKA FM AD SKOPJE by merger with GENERALI Investments AD Skopje, a subsidiary of the oldest asset management company in Slovenia, GENERALI Investments. GENERALI mentioned the transaction is subject to relevant regulatory and competition approval.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" of the property/casualty subsidiaries of the Hanover Insurance Group, Inc. (THG). The outlook is stable.

AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb+" from "bbb-" of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey). The outlook of these Credit Ratings (ratings) has been revised to stable from negative.

Dutch financial group AEGON has appointed Duncan RUSSELL in the newly established role of Chief Transformation Officer (CTO), effective September 1, 2020. He will report to CEO Lard FRIESE and will become a member of AEGON's Management Board. The appointment has been approved by the relevant regulatory authorities.