Information and communications technology (ICT) service providers are being used more frequently in the increasingly digitalized business world to meet customer demand and improve operational efficiency. According to the joint Report of the three European Supervisory Authorities on the draft Regulatory Technical Standards (RTS), outsourcing ICT services "has become more common, leading to more dependencies and more concentrated ICT risks."

The renewable energy sector has shown resilience in 2024 despite the challenging business environment. However, overall profitability remains challenging due to variable results within energy classes according to the Renewable Energy Market Review 2024, published by WTW, a leading global advisory, broking, and solutions company.

Anders Malmström will succeed John Dacey as Swiss Re Group’s CFO, starting 1 April 2025, as John Dacey will retire from his executive role on 31 March 2025. Dacey will continue to represent Swiss Re as a non-executive director on the boards of FWD and CPIC.

According Munich Re, global losses in 1H 2024 were USD 120 billion, lower than in 2023, a year marked by extremely high losses due to the severe earthquake in Turkey and Syria, which brought the global total to USD 140 billion. In a longer-term comparison, overall losses in the first half of 2024 clearly exceeded the average values for the previous ten and thirty years.

WTW, a leading global advisory, broking, and solutions company has appointedm in early July, Sam Barnes, Camilla Chiatti and Parry Herbert to its international casualty team, based in the London office (part of the direct and facultative global line of business).

The European Commission (EC) has continued with its very ambitious plan to use several sustainability initiatives to drive companies and citizens to change their behaviour and investments in ways which support the Paris Agreement objectives and wider sustainability goals.

NN Hellas, member of the NN Group, announced it will take steps towards further improving the claims management process by exploring possibilities of cooperating with DGTAL by testing AI-powered application GRABBER and its Intelligent Document Processing (IDP) capabilities.

Stability Re will provide binder capacity to Stability Risk and underwrite specialty and casualty lines such as directors & officers liability, public & product liability, professional indemnity, contingency and cyber.

Optio Group, a leading specialty MGA, announced the acquisition of Den Hartigh Beheer & Exploitatie B.V., a Netherlands and Brussels based MGA specialising in B2B insurance solutions.

Data is at the core of the insurance sector. Without data, insurers would be unable to assess the risks consumers wish to be protected against, develop and price their policies, process consumers’ claims or spot fraud. As data processing lies at the very heart of their business, insurers are aware of the value of data and the importance of protecting it.

The international rating agency Standard & Poor's (S&P) has given the Vienna Insurance Group (VIG) an excellent rating of "A+" and a Stable Outlook. The "A+" rating with a stable outlook of the group's own reinsurance company VIG Re, based in Prague, was also confirmed.

2024 is a pivotal year for global politics, with elections impacting half the world. In the EU, citizens took to the polls to elect the next European Parliament which sits for the first time on 16 July. The elections kick-started a series of institutional changes, including the European Council setting out it's priorities for the next five years and the start of a new European Commission mandate in autumn this year.

Organized by the Slovenian Insurance Supervising Agency (AZN), the 9th International Insurance Conference will take place under the titles It’s getting hot. Temperature is rising, is Insurance #COOLing? on 5 September, in Ljubljana.

The insurance industry has set out its priorities for a more prosperous, resilient, and competitive European Union. It calls on EU policymakers to reduce protection gaps, continue to tackle climate change, increase private investment, and take a new approach to regulation.

Marsh McLennan claims the top spot in BEST’S REVIEW Top 20 Global Brokers 2024, for the 14^th consecutive year, increasing its revenues by USD 2 billion in 2023 against the previous year, to USD 22.7 billion.

The registration for the 11th Joint Consumer Protection Day organized by the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) on 3 October 2024 in Budapest, Hungary is now open. Interested stakeholders can register until 2 September 2024.

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has selected new members for the Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG), starting their four-year mandate on 4 July.

Generali announced its support for the Insurance Development Forum’s Infrastructure Resilience Development Blueprint, an initiative aiming to mobilize and facilitate insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters.

Zavarovalnica Triglav issued a 20.5-year subordinated bond (Tier 2 under Solvency II), callable after 10.5 years as part of the Triglav Group's regular capital management activities.

Staying true to its “living better together” motto, Austrian UNIQA Group is taking a further step beyond the traditional insurance business by establishing a new subsidiary, UNIQA Sustainable Business Solutions, that will support corporate customers in risk issues, transformation and ESG topics.