Generali Group has solid historical roots in CEE, it is one of the areas where has invested more worldwide in the last ten years, and it sees it as an important area of growth. We contribute with about 5% of the overall Group's premiums and 10% of the operating profit.
16 March 2023
EUROINS Insurance Group has become one of the biggest players in the insurance market, especially in South-eastern Europe where we operate predominantly. Last year our revenue was around one billion euro, and the assets of the group grew to EUR 1.2 billion. We are operating now in Greece, Poland, Romania, North Macedonia, Ukraine, and Georgia. We have operations in Italy and Spain, and we are looking for expansion in Hungary, Czech Republic and Slovakia in order to be close to the countries we are already presented
16 March 2023
In 2022, MTIBU member insurance companies concluded 7.2 million domestic MTPL insurance contracts, which is 20.4% less than in 2021. Total premiums decreased by 2.6% year-on-year to UAH 7bn.
22 February 2023
There is no confidence without trust, there is no trust without transparency and there is no transparency without intellectually honest communication. Our industry is highly technical and very complex. Technical complexities might generate different interpretations and assessments of the risk. Over and beyond numbers, you need honest, non-bureaucratic dialogue to assess the risk and protect people. Irrespective of market conditions, industry consolidations, companies restructuring or political seasons, our dialogue has to be transparent, continuous, and above all well-intended.
22 February 2023
The task of managing the largest insurance group in Central and Eastern Europe is a particularly exciting challenge, especially a listed company, where the capital market and its immediate reactions have to be taken into account in all the considerations, statements and actions. [...] It is our goal to be among the top 3 in the CEE markets by the end of 2025. In addition to Austria, we are now the market leader in our immediate neighbors Slovakia, Czechia and Hungary.
12 January 2023
Insurance brings new hope for cancer patients in Georgia: the Cancer insurance provided by GPI Holding in cooperation with Swiss Re and MediGuide is affordable and provides coverage in case of cancer diagnosis and is a reliable source of financing even for modern treatments abroad a novel and attractive product in the market.
15 December 2022
Among our priorities, for the next period is to increase Romanians' confidence in the insurance industry by intensifying financial education actions - a strategic pillar for us, where in recent years we have been making sustained efforts, especially aimed at young people, especially in the digital area.
8 December 2022
The main inflation impact will show in rising claims costs. Besides, in motor, claims costs have risen as shortages of parts have kept the prices of new and used vehicles high level. Motor liability as well as accident and general liability business will also be impacted, with high inflation feeding through into bodily injury claims.
24 November 2022
Clearly, we are all facing many challenges at the same time: high inflation, climate change, natural catastrophes, supply chain issues, etc. Nonetheless, we will consider individual circumstances by market and by client, and together we will find the best solution for our clients' needs.
17 November 2022
Aldagi is the first company in Georgia to incorporate segment and data-based approaches into its tariff policy. We have already taken the first steps to offer other insurance companies to have their risks reinsured with Aldagi. We see a real opportunity to go beyond Georgia and extend the range of our activities in the region.
10 November 2022
End to End Risk Transfer Platform in Re/Insurance Industry
Based on AI & Blockchain Technologies
2 November 2022
So far, the insurance market has shown good resilience through several shocks, from the earthquakes to the pandemic. AFSA took a proactive approach in both crises, by increasing the frequency of reporting and supervision, closely monitoring liquidity and solvency ratios to ensure market stability.
6 October 2022
I am cautiously optimistic about the MTPL sector's evolution in the future. The reason for optimism is that from the first day of the war the MTIBU and the MTPL insurers did not stop working to ensure that all road users had reliable insurance coverage. We act with faith in victory: we see our task not only in maintaining the availability and continuity of the process of concluding contracts and making MTPL insurance payments in the war conditions, but also in developing the market and services for car owners. Several steps have been made in this direction.
1 September 2022
I have already started consultations both with major Western insurance businesses and international investors and donor organizations. They all understand the need for such a "Marshall Plan" for the industry. However, its concept and mechanisms, including financing, still need to be thoroughly worked out.
3 August 2022
Closed Insurance Joint Stock Company "Ingosstrakh" was founded in 1996. For 20 years, Ingosstrakh has been providing quality insurance services and is the leading company in the Kyrgyz Republic. Dinara TEZEKBAEVA, Chairman of the Board, answered some questions about the results of the company's work last year.
20 April 2022
In general, compared to the pandemic year of 2020, when total GWP increased by only 12%, the past year 2021 had quite good dynamics
19 April 2022
As in previous years reinsurers are struggling with macroeconomy, including investment environment. Yet, the market further progressed in the period of "THE GREAT UNCERTAINTY"
24 February 2022
Swiss Re enhances its services for the Russian L&H insurance market. The reinsurer's clients in the region will benefit from the Group's leading underwriting manual in local language
11 January 2022
Insurance consumers' preferences are now shaped by the other industries, insurance providers being compared not only to their peers but to whoever sets the benchmark for a great experience in their lives, believed Marijan MUMDZIEV, CEO, AMODO
. In the interview given to XPRIMM he talked about the role digital technologies play in enabling insurers to provide their customers the best possible experience.
9 December 2021
The insurance protection gap is a worldwide topic. In CEE countries, salary level and missing trust in insurance are additional factors that contribute to a low insurance penetration. Raising public awareness for the value of insurance is an important task that we are working on closely together with our clients. I also expect that the demand for insurance will grow, as we will experience such events more frequently in the future. On the other side, insurance products need to become simpler and easier to understand with short and transparent conditions.
25 November 2021