TOP NEWS
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by Daniela GHETU, 2023-02-02 The harmonization of the provisions on design protection for visible and replaceable spare parts in complex products, such as vehicles, could be beneficial in terms of fair competition, consumer choice and lower prices, Insurance Europe commented on the EC's proposal for a recast of the Design Directive.  More
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by Daniela GHETU, 2023-02-01 The national competent authorities of Malta, Poland, Croatia and Romania have joined in the EU multi-country project Sustainable Finance - Supervisory Capacity Enhancement, aiming to enhance their expertise in the field of the EU's sustainable financial framework. More
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by Marina MAGNAVAL, 2023-02-01 Privredna banka Zagreb d. d. (PBZ), a member of the Intesa Sanpaolo Group, announced a partnership between Intesa Sanpaolo and Generali osiguranje to strengthen operations in bancassurance on the Croatian market and provide comprehensive insurance for individuals, families and companies, svijetosiguranja.eu wrote. More
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by Marina MAGNAVAL, 2023-02-01 The Council of the ISA (Insurance Supervision Agency), at the recent session adopted, among other things, the Rulebook on the management system in insurance companies. The Rulebook is to further harmonize Montenegrin regulations with EU regulations in the field of insurance, the ISA said. More
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by Daniela GHETU, 2023-02-02 Acrisure Re, the (re)insurance division of top-10 global insurance broker and fintech platform Acrisure, announced that its Facultative team has signed a preferred partnership broker agreement with Polish Smartt Re specifically for Central Eastern European (CEE) Facultative business, effective immediately. More
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by Daniela GHETU, 2023-02-02 MTPL premiums went up, depending on the insurance provider, by 12% - 15% for all vehicle categories, osiguranje.hr reported quoting the Association of Insurers of Serbia (UOS). After the "prices war" in August 2022, this time the prices are harmonized with the National Bank of Serbia (NBS), the association said. More
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by Andrei Victor, 2023-01-30 During 2022, natural disasters caused a USD 313 billion global economic loss - 4% above the 21st-century average, of which USD 132 billion was covered by insurance, or 42% of total, according to the 2023 Weather, Climate and Catastrophe Insight report, published by the global re/insurance broker AON. More
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by Andrei Victor, 2023-01-30 Global re/insurance broker MARSH McLENNAN - MMC posted Q4 2022 aggregate revenue of USD 5 billion, an increase of 7% y-o-y. Q4 operating income was USD 680 million, compared with USD 986 million in the prior year period. The consolidated revenue in 2022 was of USD 20.7 billion, an increase of 5% compared to the prior year period, while operating income was USD 4.3 billion. More
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by Marina MAGNAVAL, 2023-02-01 Azerbaijan has been accepted as the 49th member state of the Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group, Trend reports with reference to the ICIEC. More
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by Marina MAGNAVAL, 2023-02-01 Introduction of the mandatory health insurance system will lead to a change in the sources of financing of the healthcare system, while it will not affect efficiency and quality of the system, ArmInfo writes with reference to Tigran Jrbashyan, Director of the Management Consulting Service of Ameria Company. More
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by Marina MAGNAVAL, 2023-02-01 Of the six insurance companies operating in the country, only three remained in the list of large taxpayers of Armenia for 2022 - NAIRI Insurance, INGO Armenia and ROSGOSSTRAKH Armenia, ArmInfo reports referring to the data of the State Revenue Committee of the Republic of Armenia. More
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by Marina MAGNAVAL, 2023-02-01 President of Kyrgyzstan Sadyr Japarov ordered to postpone introduction of compulsory motor insurance in the country, as Speaker Nurlanbek Shakiev said, Sputnik writes. More
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by Marina MAGNAVAL, 2023-02-01 On January 12, 2023, the Verkhovna Rada supported in the first reading the draft law "On Compulsory Insurance of Civil Liability of Motor Vehicle Owners", according to a press release from MTIBU (Motor Transport Insurance Bureau of Ukraine). More
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by Marina MAGNAVAL, 2023-02-01 The overall assessment of satisfaction with the settlement procedure was 9.4 points on a 10-point scale, which is the best indicator for all three years of the annual survey of victims of road accidents, according to a press release from MTIBU. More
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TOP EVENTS
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by Daniela GHETU, 2023-02-02 Elisabeth STADLER, CEO, Vienna Insurance Group (VIG) will be one of esteemed Keynote Speakers at the first ESG IN INSURANCE Conference organized within the 2023 IIF - The International Insurance Forum framework, in Vienna, on 4 April. More
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by Daniela GHETU, 2023-02-02 Sandra SCHWARZ, President of the Council of Bureaux and Head of German Green Card Bureau will give a Keynote Speech at the 2023 edition of the Motor Insurance Conference organized in Vienna, under the titles of "Reshaping motor insurance business". More
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ON THE MOVE
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by Andrei Victor, 2023-01-30
French reinsurer SCOR appointed Thierry Leger Chief Executive Officer, effective from May 1, 2023. Previously Swiss Re's Group Chief Underwriting Officer, has stepped down and already seized his executive role within the group.
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by Andrei Victor, 2023-01-30
American International Group (AIG) announced that Thomas F. Motamed, a Director of the company since January 2019, is retiring from the Board of Directors for health reasons.
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by Andrei Victor, 2023-02-01
American International Group (AIG) announced in a statement that Sabra Purtill has been named AIG's interim Chief Financial Officer and Turab Hussain has been named AIG's Interim Global Chief Actuary.
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