The Swiss insurech firm kasko2go has developed a new, customer-focused solutions for telematic insurance which rewards safe, environmentally aware driving with discounts of up to 50% on traditional car insurance. The premium is calculated on the basis of actual mileage and driving style.

Net income attributable to shareholders decreased 28.9% to EUR 1.4 billion (1Q2019: 2.0) mostly driven by the lower operating profit. Operating profit declined 22.2% to EUR 2.3 billion (1Q2019: 3.0). The non-operating result also worsened as realized gains from the sale of Allianz Popular were more than offset by COVID-19-related market impacts. A lower tax rate had a partly offsetting effect.

Aegon ended the first three months of 2020 with a net income of EUR 1,270 million, reflecting fair value gains of EUR 1,372 million, driven by a reduction in the valuation of the liabilities in the Netherlands, reflecting wider credit spreads.

For January - March 2020, Talanx Group registered a net income of EUR 223 million, 5% lower than the same period of prior year. The coronavirus crisis impacted both the Talanx Group's underwriting and its investments in the first quarter of the new financial year.

Net income was USD 4.4 billion, compared to net income of USD 1.3 billion in the first quarter of 2019. On a per share basis, net income was USD 4.75, compared to net income of USD 1.40 in the prior-year period.

CHUBB Limited announced last week that Annmarie HAGAN, Global Controller, has been appointed Vice President, Chubb Group and Chief Accounting Officer effective immediately. She succeeds Paul MEDINI, who is retiring from the company.

In the first quarter of 2020, Croatia osiguranje recorded consolidated net profit amounting to HRK 119 million (~EUR 15 million), which represents a 28% growth y-o-y, as announced in a statement ADRIS Grupa - the CROATIA's osiguranje shareholder with businesses in tourism, real estate, tobacco and food industry.

GENERALI CEE Holding announced it officially expanded on Croatian insurance market finalising the acquiring of the business of local non-life insurer IZVOR osiguranje. Thus, "all rights and obligations under the insurance contracts of IZVOR osiguranje were transferred to GENERALI osiguranje as the new insurer".

Zurich Insurance Group has announced Fritz GERBER, Honorary Chairman of the and one of the most influential business leaders in Switzerland during a period of formative development for the country's modern, open economy, has died at age 91.

A drier than average winter and the higher spring temperatures have made Siberia more severely affected by forest fires than in previous years. In total, on April 28, 2020, there were 3,339 outbreaks recorded compared to only 1,960 last year. The area covered by fires since the beginning of the year is 477,000 hectares (vs. 382,000 hectares last year), Siberia Times reports.

The COVID-19 crisis is having significant effects on the global insurance industry and for that reason the Economic Chamber of Macedonia will host live webinar on 14 May 2020, 14:00h - 15:15h, where leading experts will provide their views on the financial and strategic implications for the insurance industries.

In the context created by the COVID-19 outbreak, XPRIMM organized today the first online conference of the insurance market in Romania, under the titles "INSURANCE, PANDEMIC, ECONOMY - Intelligent Solutions Born of the Crisis", putting under review the solutions found by companies to cope with the social distancing measures, as well as of the impact on the insurance industry's business results.

During the first quarter of 2020, Munich Re generated a profit of EUR 221 million, 65% lower year-on-year, decrease mostly driven by the pandemic effects on the markets and world-wide businesses.

For January - March 2020, ERGO posted a profit of EUR 72 million (1Q2019: 85) for Munich Re. ERGO's operating result amounted to EUR 99 million (1Q2019: 138m).

In 1Q2020, GWP under agricultural insurance contracts with state support reached RUB 425 million (~ EUR 5 million). Almost 67% of premiums were collected under livestock insurance and the rest under crop insurance, ASN reports citing the press-service of the National Association of Agriculture Insurers (NAAI).

In 1Q2020, GWP of ROSGOSSTRAKH increased by 27.6% y-o-y and exceeded RUB 22.3 billion (~EUR 0.26 billion), ASN reports.

In 2019, Ukrainian insurers costs for conclusion and prolongation of insurance contracts increased by 54%, the expenses for agent remuneration growing by 72%, Forinsurer reports based on the data of the National Financial Services Commission.

The economy of Georgia in March decreased by 2.7%, based on preliminary estimates y-o-y, according to Gogita TODRADZE, Executive Director of the National Statistics Office, Georgia Today reports.

Fitch Ratings affirmed insurer financial strength rating of the Belarussian insurance company - EXIMGARANT at 'B' with stable outlook, according to the agency's report, published on May 05.

In 1Q2020 the number of e-MTPL policies in Armenia increased 3.2 times y-o-y, and their share in total number of MTPL contracts jumped from 3% to 11%, ArmInfo reports with reference to the data of the Armenian Bureau of motor insurers.