TOP NEWS
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by Daniela GHETU, 2024-06-27
According to the new Vehicle General Safety Regulation adopted in 2022, starting 7 July, new cars throughout Europe must be equipped with various assistance systems (ADAS), to assist the driver and help better protect passengers, pedestrians and cyclists across the EU.
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by Daniela GHETU, 2024-06-27
Heavy and prolonged precipitation in late May and early June recently triggered severe flooding in central Europe, with insured losses in southern Germany and Central Europe ranging between EUR 2.0 to EUR 3.0 billion (USD 2.1 to USD 3.2 billion), as of early June 2024, according to Moody’s RMS Event Response estimation.
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by Daniela GHETU, 2024-06-27
The Insurance and Reinsurance Distributors Association of the Croatian Chamber of Commerce (HGK) has become a member of BIPAR (European Federation of Insurance and Financial Intermediaries), osiguranje.hr informed.
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by Marina MAGNAVAL, 2024-06-25
While car sales in the EU fell in May, Croatia again recorded double-digit growth, according to data from the ACEA manufacturer association, osiguranje.hr writes.
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by Marina MAGNAVAL, 2024-06-25
The value of paid claims for private health insurance from January through May this year grew by 28.5% y-o-y. Insureds received MKD 324.4 million (EUR 5.3 million) from insurance companies for medical expenses covered by their private health insurance policies in the first five months, according to data submitted by insurers to the Insurance Supervision Agency (ASO).
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by Daniela GHETU, 2024-06-27
In Q1 2024, 23 million Poles had life insurance, including 11.9 million through group insurance. This number is comparable to the previous year. Overall, life insurance premiums amounted to PLN 5.9 billion (EUR 1.36 billion), marking a 6.0% y-o-y increase. The payouts reflect the current mortality situation in Poland, reaching about EUR 1 billion.
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by Daniela GHETU, 2024-06-27
On June 26, the Polish Ministry of Finance submitted three draft regulations for public consultation, Gazety Ubezpieczeniowa announced. The proposed acts pertain to new limits for guaranteed sums in liability insurance for agency activities and brokerage operations, as well as guarantees for agency activities performed by agents offering supplementary insurance.
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by Marina MAGNAVAL, 2024-06-25
Finland received the 2024 European Transport Safety Council (ETSC) prize for outstanding progress in road safety as the country reduced road deaths by a substantial 29% over the decade to 2023, while the average decline in the EU was just 16%, the European Transport Safety Council said in its press release.
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by Andrei VICTOR, 2024-06-25
Credit rating agency Fitch has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook, as the Bulgarian holding informed in a statement.
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by Andrei VICTOR, 2024-06-25
Zurich announced the successful completion of acquiring majority stake in Indian insurer Kotak General Insurance from Kotak Mahindra Bank Limited, following the receipt of all necessary regulatory approvals.
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by Marina MAGNAVAL, 2024-06-25
Voluntary insurance of property in Kazakhstan from January to April 2024 increased by 7.9% y-o-y and amounted to KZT 98.9 billion (EUR 208.28 million). It is noted that a year earlier the growth of the segment was 13.1%, Allinsurance.kz writes.
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by Marina MAGNAVAL, 2024-06-25
On June 17, 2024, the President of Ukraine signed the law “On mandatory insurance of civil liability of owners of land vehicles”, which will ensure further development of this market and bring it closer to EU standards, Forinsurer reports.
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by Daniela GHETU, 2024-06-27
GFIA – the Global Federation of Insurance Associations -, has published its response to a consultation by the International Association of Insurance Supervisors (IAIS) on its draft application paper, ‘Supervising diversity, equity, and inclusion (DEI) – the governance, risk management and culture perspective’.
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by Daniela GHETU, 2024-06-27
The German Insurance Association (GDV) announced it has taken an important step towards accessibility and inclusion by providing on its own consumer portal "Die Verversicherunger", texts about insurance products in plain language, available both in written and audio form.
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by Daniela GHETU, 2024-06-27
Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.
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by Daniela GHETU, 2024-06-27
Earnix, the leading global provider of AI-based SaaS solutions for financial services, today announced a global collaboration with NTT DATA, a digital business and IT services leader, to support leading property and casualty insurance carriers with cloud-based intelligent solutions for pricing, rating, underwriting, and policy personalization. By seamlessly integrating Earnix’s comprehensive end-to-end solution with NTT DATA’s expertise in data migration, the partnership improves insurers time to market and ability to leverage data for innovation.
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