Interviews





Interview with Sorin Greceanu, President COB, Director General BAAR

With a distinguished career spanning decades in the Green Card System, Mr. Greceanu has long been recognized as one of its most experienced voices. Having played a central role in the leadership of BAAR (the Romanian Motor Insurers' Bureau) and serving previously as Vice-President of the COB, he was elected this year as President of the Council of Bureaux – the first Romanian to hold such a prestigious position. In this interview, he shares his views on the recent evolution of the COB, the challenges faced by the Green Card System, and the opportunities ahead, from digitalization to adapting to new mobility trends.

Giorgi Baratashvili, CEO, Aldagi Group, Georgia

We are honored that Aldagi’s international ratings have been upgraded by AM Best, a globally recognized and highly respected rating agency. The enhancement of our Financial Strength Rating to B+ and our credit rating to bbb- represents a significant milestone for Aldagi.

Gayane GASPARYAN, Head of Insurance System regulation division, Central Bank of Armenia

The Central Bank of Armenia is continuously aligning its regulatory framework with international and regional standards, including those of the European Union. This alignment is part of a broader commitment to enhance financial sector’s resilience, improve consumer protection, and foster a stable and competitive insurance market. Our regulatory approach is guided by the principles of the International Association of Insurance Supervisors (IAIS), and we actively monitor developments in the EU Solvency II framework to identify best practices that are appropriate for Armenia’s market context. Over the past years, we have introduced several reforms aimed at strengthening governance, capital adequacy, risk-based supervision, and financial reporting.

Michael JAPARIDZE, CEO, ARDI Insurance, Georgia 

Our strategy revolves around three pillars: customer centricity, innovation, and outstanding service. As customers’ needs, market dynamics, and technology continue to evolve, our focus is to align our resilient business model with these changes and ensure ARDI remains adaptive and forward-looking.

Thea Utoft Høj Jensen, Director General, Insurance Europe

New players and traditional insurers alike must be held to high standards to safeguard consumer trust, financial resilience and fair competition. We need a regulatory framework that reflects the new realities of digital distribution, while ensuring that new businesses don’t bypass the high standards traditional insurers uphold.

Marina SHIPOVALOVA, General Director, InterConsult Info

The key trend was the growth in demand for voluntary insurance, especially for pension annuities and voluntary property insurance, including Motor Hull. This indicates an increase in the financial literacy of the population and growth of trust in insurance products.

Interview with Zorana PEJČIĆ,President of SorS Academy

The insurance industry is highly dynamic, continually innovating, and consistently developing and applying new knowledge. This makes it a wonderful and dynamic place for work and professional development for all participants. Our goal is to help employees in the insurance industry, both in our country and in the region, as well as in Central and Eastern Europe, gain knowledge through an interactive learning approach, helping them understand new products and risk management methodologies.

Traci ADEDEJI, Global Leadership Council President-Elect, The Institutes CPCU Society
Spencer VILLWOCK, Executive Director, CPCU Society & President of Associations, The Institutes

Through chapter service, volunteers can create meaningful impact within their local insurance communities, making a difference that extends beyond themselves. Employers recognize that a CPCU Society volunteer isn’t just building their own expertise - they’re bringing valuable knowledge and leadership skills back to their organizations.

Johannes Martin HARTMANN, CEO and Chairman of the Board of Directors, VIG Re

While new technologies and process automatization will have a significant impact on the way how we will transact our business - maintaining our competitive edge on our cost ratio – I truly believe that people will still make the ultimate difference in our industry, in order to understanding the needs of our clients, building a trustful, long-lasting partnership. I see that going forward data and AI will play an ever-larger role in helping us to make the right conclusions and decisions - but I do not see robots fit to replace an underwriter nor a reinsurance manager for the foreseeable future.

Marina SHIPOVALOVA, General Director, InterConsult Info

Digitalization and the transfer of insurers’ business online has been gaining momentum over the past few years, and Kazakhstani insurers are already ahead of many foreign companies in digitalization of insurance products. Now, through the efforts of the regulator and the market, all insurance processes from sale of policies to claim settlement are being digitized.

Rustam Mamedov, General Director, Asia Insurance (Uzbekistan)

Asia Insurance today is a company with a clear development strategy, which is aimed at improving the quality of services and expanding the insurance product line, maintaining a stable level of capitalization and fulfillment of its obligations. The reliability of the company is confirmed by the ratings received from national and international rating agencies.


Julian Enoizi, Chief Executive Officer – Europe, Guy Carpenter

For those extreme events that happen at the very edges of what we think is possible, broader cooperation and planning is key. The industry also has the expertise to incubate ideas to mitigate risk, as well as strategies that help curb the growth in potential losses. This will ultimately allow the industry to take more of the risk in the future and better protect its clients.

Özgür Obalı, Secretary General, Association of Turkish Insurance Reinsurance and Pension Companies

It is a known fact that Türkiye faces a serious earthquake risk due to its location in a geography with fault lines. However, the earthquake that occurred on February 6th 2023, centered in Kahramanmaraş and with a vast effect in 11 provinces, is different from the disasters experienced before. The area affected by the earthquake is larger than many European countries in terms of both surface area and population. Following the earthquakes in the region, 38,000 aftershocks took place. These characteristics all prove that this disaster was not just a big earthquake but rather a mega catastrophe.


The essential in brief – Live interview with Klime POPOSKI

The Insurance Conference of Moldova 2023 hosted an interesting moment of sharing the experience accumulated in other insurance markets, similar to the Moldovan one, in their modernization process and preparation for the EU accession.