News

Hungary: less than 20% of Hungarians have an accident insurance policy

Only 10-20% have an accident insurance, while in many countries of the Western Europe accident insurance coverage among their population is of more than 80%, The Budapest Business Journal reports. The low penetration leaves about 8 million Hungarians uninsured for the accident risk.

18.07.2018

KAZAKHSTAN: S&P improved rating of EURASIA

Credit rating service of the international rating agency S&P Global Ratings on July 11 improved the issuer rating under the national scale rating of the insurance company EURASIA from kzAA- to kzAA+

16.07.2018

POLAND: GENERALI received UOKiK's permission to buy the CONCORDIA units

UOKiK - the Polish Office of Competition and Consumer Protection has given its consent to GENERALI for taking over the full control of the Polish insurers CONCORDIA Capital (life insurance) and CONCORDIA Polska TUW (non-life insurance) from their German shareholders CONCORDIA Versicherung and Vereinigte Hagelversicherung.

16.07.2018

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MARKETS & TRENDS

The Insurance Business in Transition to the Cyber-Physical Market
What we generically call "Cyber risk" is, in fact, a family of risks and it is worth observing if there is a commonality in the perception - thus management - of the risk in the academic, risk management, insurance and policymaking communities. The present study found that cyber breach is perceived as "critical" due in part to its own nature and, importantly, in part to the weak understanding of its impact and our preparedness.

19.07.2018
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PwC: Five re/insurers listed in the Global Top 100 largest companies by market capitalization
Five insurance entities are listed among the largest public companies by their market capitalization in USD as at 31 March 2018, according to the latest edition of the PwC's Global Top 100: the US domiciled Berkshire Hathaway, the Chinese Ping An Insurance, China Life Insurance and AIA Group and the German Allianz.

19.07.2018
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ON THE MOVE

TOP EVENT

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

10.07.2018

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INSURANCE & TECHNOLOGY

<!--sl-->Insurance Europe calls for a common pan-European legal framework on drones
Insurance Europe calls for a common pan-European legal framework on drones
Insurance Europe calls upon the commission to provide a clear common framework on licensing, certification and authorization, classification by use and size on drones, at EU level, a recent paper published by the European federation of insurers says. More


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