The 20th edition of the world's first brand valuation survey, the Best Global Brands 2019 report, shows Allianz as being the no.1 insurer globally, with its brand value increasing by 12% y-o-y, to USD 12.1 billion. Allianz ranks 43^rd while Top 100's total combined value is of USD 2.13 trillion, 5.7% up y-o-y.

Vienna Insurance Group (VIG) is 495 in the list of the 500 best employers in the world, according to the latest "Forbes Global 2000 - World's Best Employers Ranking", published in October 2019.

In the 1th year that Guy Carpenter has hosted the Reinsurance Symposium in Baden Baden, the event has focused on the question: "Is the (re)insurance sector ready for Industry 4.0?" The subject was addressed by a panel of senior industry figures who considered the extent to which the (re)insurance industry was keeping pace with the rapidly evolving needs of its clients.

Digital transformation posing new challenges for insurance industry, representatives of MUNICH Re have shown in Baden Baden, emphasizing that MUNICH Re's digital solutions support insurers across entire value chain: while data-analytics tool "The Box" improves loss ratio and efficiency in motor business, AQUALYTIX delivers key findings about drivers of water-mains damage.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Pozavarovalnica Sava d.d. (Sava Re) (Slovenia), the operating holding company of the Sava Re Group. The outlook of these Credit Ratings (ratings) is stable.

The re/insurance professionals participating at the Baden-Baden XPRIMM Reception were among the first who had the opportunity of reading latest issues of four new XPRIMM Publications, launched during the event.

On Sunday, 20 October, the Georgian insurance market was under the spotlight, during the Baden-Baden Georgian Evening, an event organized for the first time by XPRIMM during the Baden-Baden Meetings.

During the Baden-Baden XPRIMM Reception, even which gathered, on Sunday, 22 October, re/insurance professionals from all over the world, a series of distinctions and awards were offered to re/insurance players activating on the regional market.

Four new XPRIMM Publications will be officially launched during the Baden-Baden XPRIMM Reception, taking place on 20 October, in Baden-Baden, Germany.

Sunday, 20 October, re/insurance specialists from all over the world are invited to two special events taking place in Baden-Baden, Germany: the XPRIMM Reception and The Georgian Evening.

CEE insurance markets maintained a positive trend in 1H2019. Overall, GWP went up by 6.11%, to EUR 19.86 billion. Paid claims grew at a similar pace, reaching EUR 11.75 billion (6.48% up y-o-y). Although at individual level the growth rates across the CEE countries were uneven, their weight in the regional GWP portfolio didn't change significantly.

Georgian TBC Insurance ended 1H2019 with GWP worth GEL 39.3 million (EUR 12.03 million) and a net profit of GEL 5.96 million (EUR 1.82 million), which is 42% up y-o-y, in local currency. The growth rate achieved in GWP was close to 20% (in GEL), which qualifies the company as the fastest growing in the Georgian market in 2017 and 2018.

The Slovak market finished the first semester of 2019 with a GWP volume of EUR 1,166 million (+2.6%), paid claims and benefits amounting to EUR 697 million (+7.1%) and a net profit at market level of EUR 68 million (-21.5%). Life sector held a share of 43.2% in total GWP, while the rest of 56.2% of GWP was brought by non-life business lines.

Insurers of Bosnia & Herzegovina have reported GWP worth EUR 195.7 million at the end of 1H, 6.65% more y-o-y. Life insurance recorded an above average growth rate, of 10%, which rounded its share in the market portfolio to 20%.

Swiss Re and global car electronics company Pioneer have co-developed an innovative telematics solution that will be integrated in Swiss Re's Coloride app and is set to be launched globally early next year, Swiss Re has announced.

On October 15, 2019, the international rating agency Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s., affirming the same rating VIG Re has enjoyed since its founding in 2008.

Canadian Fairfax Financial Holdings announced its intention to acquire about 29% of the shares of UNIVERSALNA, as Forinsurer reports with reference to the stock market information.

Over the past year, more than 70% trade growth between Azerbaijan and Iran indicates the development of mutual relations, both countries being keen on the implementation of mutually beneficial business projects, in a bid to stimulate trade volume, according to the Iranian Minister of Economic Affairs and Finance, Farhad DEJPASAND.

Kamoliddin TALIPOV, who previously served as Chairman of the Supervisory Board of SILK CAPITAL, an investment banking and securities transaction company, was appointed Head of the Insurance Market Development Agency under the Ministry of Finance, according to UzReport.news.

From January to September 2019, the paid claims for life and health in MTPL events amounted to 5% of all the segment's paid claims, ASN reports.