The second and last day of Croatian Insurance Days conference of 2019 continues today, promising to offer interesting topics regarding insurance markets from the region.

The 2019 edition of the Croatian Insurance Days starts today in Opatija, Croatia, organized by the Croatian Insurance Bureau (HUO). XPRIMM supports the conference as Media Partner and will provide live text reports during the event's two days of debates.

The second international summit of state reinsurers, organized by the Russian National Reinsurance Company (RNRC) with the support of the Bank of Russia, was held on October 3 and 4 in Saint Petersburg, as RNRC announced on its website.

From January to June 2019, international Green Card bureaus paid EUR 783 thousand for losses in Ukraine, caused by drivers with foreign Green Card policies, Forinsurer reports.

For the first 9 months of 2019, taxes paid by Armenian insurers amounted to AMD 1,211 billion (~EUR 2.33 million), 25% less y-o-y in local currency, ArmInfo reports.

On November 1, 2019, the Latvian Association of Insurers (LAA) held a meeting during which two members of the Association management board were re-elected for a term of two years, as well as future priorities of LAA activities agreed, as LAA announced on its website.

Crawford Polska has appointed Krzysztof (Kris) JABLONSKI as a Board Member and local CXO, effective of Nov 4th, 2019.

Total unpaid social insurance debt of private companies in Albania reached about USD 100 million, Albanian Daily News reports.

The Bulgarian Commission on Protection of Competition - CPC decided to prohibit the acquisition of CEZ's undertakings in Bulgaria by financial group EUROHOLD Bulgaria

According to Czech Insurers' Bureau (CKP), in the past years the MTPL tarrifs started to rise slightly, thus, in 2019, according CKP figures, the average premium is CZK 2,969 (~EUR 115), representing an increase of about 4.1% y-o-y, while the average damage related to property claims increased by 6.9%.

FlightClaimEU, one of the world's fastest growing Travel Claim InsurTechs has made it onto The INSURTECH Hot 100. The INSURTECH Hot 100 is an annual list of the world's most innovative InsurTech companies that are solving significant industry problems, generating cost saving or efficiency improvements within insurance as selected by a panel of analysts and industry experts.

"Don't forget the human factor!" was the call made by the first of two keynote speakers addressing the 8th AIDA Europe Conference, considering the impact of technology upon all aspects of insurance and reinsurance business.

The Adriatic osiguranje Group reported a net profit of HRK 64.08 million (EUR 8.66 million) in 3Q2019, down by 13.0% y-o-y. GWP reached HRK 539.7 million (EUR 72.9 million), increasing by almost 14% y-o-y.

The insurance market reached over ALL 12.83 billion (EUR 105 million) during period January - September 2019, or 3.04% more y-o-y, informed Albanian FSA. During the analyzed period, the number of issued insurance contracts reached 992,212 showing an increase of 3.83% compared to 3Q 2018.

In 3Q 2019, the Montenegrin insurance market totaled EUR 72.33 million, 11.52% up y-o-y, according to data published by the Insurance Supervision Agency. Compared with 3Q2018, non-life insurance premium was up by 11.31% (to EUR 60.59 million), while the life insurance GWP grew by 12.62% y-o-y (to EUR 11.73 million).

The insurance market of Kosovo increased by 7.66% y-o-y during 3Q, to EUR 73.3 million, according to data published by the Central Bank - CBK. The aggregate value of paid claims was up by 8.52% y-o-y, to EUR 33.93 million, of which EUR 21.12 million related to Domestic MTPL policies.

From January to September 2019, GWP of the Uzbek insurance sector increased by 51.23% in local currency, to UZS 1 792.56 billion (EUR 172.64 million). Market growth in euro looks less impressive due to depreciation of SOM compared to 3Q2018 currency quote.

Fairfax Financial Holdings announced net earnings of USD 68.6 million in the third quarter of 2019, 34.4% less compared to the third quarter of 2018, primarily reflecting net losses on investments, partially offset by higher operating income. However, the nine months earnings reached USD 1,332 million, which reflects a 56.1% increase year-on-year.

Hellenic Bank signed a share-purchase agreement with MetLife Services Cyprus Limited for the acquisition of the entire participation interest of MetLife (equal to 27,5%) in the share capital of Hellenic Alico Life Insurance Company Limited.

While no one disputes the necessity of embracing a digital culture, many insurers have still doubts with regard to the best approach, the priorities, the actual choices to put in place a coherent system.