Global commercial insurance rates increased by 2% in the fourth quarter of 2023 (down from a 3% increase in Q3), according to the Global Insurance Market Index released by the global insurance broker Marsh, a business of Marsh McLennan. “The fourth quarter marks the 25th consecutive quarter of rate increases”, as the insurance broker informed in a statement.

Insurance premium collections by the Euroins Ukraine, a subsidiary of European insurance company Euroins Insurance Group (EIG), increased by 20.4% y-o-y, to UAH 564.909 million in 2023, Ukrainian media said, citing the Euroins Ukraine management's interim report published in the information system of Ukraine's National Securities and Stock Market Commission.

After a successful one-year pilot project, UNIQA Insurance Group AG will become a permanent member of the Eurapco Alliance in 2024, the Austrian group announced in a press release.

Zurich Insurance Group announced that it has been informed that Viridium Group will not complete the purchase of Zurich Life Legacy in Germany as planned.

Italian insurer Generali announced that it has completed the acquisition of Liberty Seguros, a Spanish insurance company operating in Spain, Portugal, Ireland and Northern Ireland, from Liberty Mutual. The agreement for the transaction was announced on 15 June 2023, being the “Generali’s largest deal in a decade”, as the insurer informed in a statement.

Global re/insurance broker Aon reported FY2023 total revenue USD 13.4 billion, +7% compared to the prior year, while the net income attributable to Aon shareholders decreased to USD 2,564 million, or USD 12.51 per share, compared to USD 2,589 million / USD 12.14 per share, in the prior year.

VIG Re, the reinsurance company of Vienna Insurance Group, is pleased to announce that Tobias SONNDORFER has been appointed as the Vice-Chairman of the Board of Directors with effect of February 1, 2024.

Dr. Günter Geyer announced that he will no longer be available as Chairman of the Supervisory Board of Vienna Insurance Group (VIG) at the end of his current mandate.

The UNIQA Group launches a HUB for International Programs in Poland, which will be a competence center for 15 countries in Central and Eastern Europe where the insurer is present.

Allianz Research's latest report sheds light on the expanding economic gap between the United States and the Eurozone, revealing significant disparities in growth and innovation since the Euro's introduction in 1999.

MARSH McLENNAN reported for the full year 2023, revenue worth USD 22.7 billion, an increase of 10% compared with 2022. Operating income was USD 5.3 billion, and adjusted operating income rose 17% to USD 5.6 billion. Net income attributable to the Company was USD 3.8 billion, while Earnings per share increased 25% to USD 7.53. Adjusted earnings per share increased 17% to USD 7.99.

Aviva announces that it expects to receive approximately GBP 80 million of additional proceeds relating to the sale of Aviva’s stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company (Sumitomo Life).

The  2024 Climate and Catastrophe Insight report published by Aon reveals that the 398 global natural disaster events caused a USD 380 billion economic loss during 2023 (2022: USD 355 billion) – 22% above the 21st-century average – driven by significant earthquakes and relentless severe convective storms (SCS) in the United States and Europe.

Mario GRECO, CEO of Zurich Insurance Group, has been honored with the prestigious Insurance Leader of the Year Award for 2023 by St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science, which is part of The Peter J. Tobin College of Business. The annual award ceremony was held on January 23, 2024, in New York.

Following a successful one-year pilot project, Austrian insurer UNIQA Insurance Group AG announced it will become a permanent member of the Eurapco Alliance in 2024.

The Slovenian insurer Zavarovalnica Triglav has been notified that the Slovenian Insurance Supervision Agency has issued an ex officio decision prohibiting Vinko Letnar, currently listed in the company register as a member of the Supervisory Board of Zavarovalnica Triglav, from fulfilling the role of a Supervisory Board member due to non-compliance with statutory requirements.

The largest public holding company in Bulgaria – Eurohold – the owner of Euroins Insuran Group (EIG), is one of the most liquid companies on the Bulgarian Stock Exchange (BSE) for another year. In 2023, the holding is the second most liquid stock due to active trading of its securities.

Lloyd’s of London has published a new report - On the move - which explores the biggest threats to supply chains in transportation and logistics – an industry which underpins USD 89 billion of global trade and has a market value of USD 9.7 trillion.

According to Munich Re, worldwide, natural disasters in 2023 resulted in losses of around USD 250 billion (similar with previous year), with insured losses of USD 95bn (previous year USD 125 billion).

Generali enhances its strategic position in China, becoming the 100% shareholder of Generali China Insurance Company Limited (GCI), leveraging its market presence and platform for future growth.