Generali is enhancing its footprint in the CEE by acquiring 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.

According to the KD Group Slovenian unit's website, the purchase price of ADRIATIC Slovenica will be of EUR 245 million. On 23 May 2018, the company concluded a contract with Generali CEE Holding, BV on the sale of a 100% stake in the Slovenian insurer.

GDPR is around the corner, InsuranceEurope says, drawing attention to the fact that it is the time for final checks by insurers. The association has publi9shed on its own website an overview of insurers' obligations under the General Data Protection Regulation.

Andreas BRANDSTETTER, the CEO and Chairman of Austria's UNIQA Insurance Group, has been elected President of Insurance Europe, the European insurance and reinsurance federation, for a term of three years. He will give a keynote speech today, 24 May, at the federation's 10th International Conference.

Insurance Europe's 10th International Conference, taking place today, 24 May, in Madrid, Spain, focuses on "Overcoming underinsurance" and gathers insurance professionals and representatives of authorities from all over Europe.

For Gothaer Asigurari Reasigurari, 2017 meant a two-digit growth y-o-y increase in GWP (21.7%), to about RON 119 million. Related to the Romanian non-MTPL non-life insurance market's trends (up by 8.2%)*, this result confirms the solid development of Gothaer in Romania.

Successfully closed the IPO of Archimede, the new SPAC promoted by Andrea BATTISTA, Matteo CARBONE, Gianpiero ROSMARINI aimed at the development of a new insurance carrier - independent, multichannel and focused on protection business.

Demographic change is challenging for all European countries, especially for the CEE countries. It will be a very huge challenge for the public finances and for the public pensions to adapt and survive this change. Public pensions systems were much reformed to insure sustainability, but the benefits are obviously less generous, so adequacy remains a big issue. Saving for retirement becomes a very important necessity for EU citizens. Increasing the coverage in pension savings must be a priority for each state, Matti LEPPALA, Secretary General and CEO, PensionsEurope, Chair of OPSG, EIOPA stated for XPRIMM.TV.

The CIS insurance business in general had a good year and finished 2017 with an average claims' decrease by 6.83% to EUR 8.45 billion. Aggregate GWP almost had no change, only a very slight decline by 0.22%.

PensionsEurope believes that private pension saving should be encouraged to compensate for potential lower state pension benefits. In particular, we support a regulatory environment encouraging workplace pension membership, Matti LEPPALA, Secretary General CEO, PensionsEurope & Chair, OPSG of EIOPA stated on 16 May, at FIAR.

Insurance Europe's 10th International Conference, taking place today, 24 May, in Madrid, Spain, focuses on "Overcoming underinsurance" and gathers insurance professionals and representatives of authorities from all over Europe.

PensionsEurope believes that private pension saving should be encouraged to compensate for potential lower state pension benefits. In particular, we support a regulatory environment encouraging workplace pension membership, Matti LEPPALA, Secretary General CEO, PensionsEurope & Chair, OPSG of EIOPA stated on 16 May, at FIAR.

Are the insurers and the brokers ready for the GDPR challenge? What effects will GDPR have on the Romanian insurance industry and on consumers? What are the main issues in implementing GDPR? These were just a few of the topics debated during the GDPR Workshop taking place at FIAR 2018.

The second part of the REINSURING NATCAT RISKS Conference taking place at FIAR 2018 focused on the best solutions for closing the NatCat insurance gap. Christian KREUTZER, Head Market Underwriting CEE, Swiss Re Europe, and Evgeny POTOKOV, Senior Underwriter South Eastern Europe, SCOR Global P&C Deutschland were among the speakers that joined the debates.

NatCat exposure versus coverage, the largest natural catastrophe risks affecting Europe, as well as the best solutions for closing the insurance gap were just a few of the topics analyzed during the REINSURING NATCAT RISKS Conference taking place at FIAR 2018.

The second day of debates at FIAR 2018 started with The Brokers' Conference, the event dedicated to the mediation market in Romania and in the CEE region. The first part of the conference focused on a market overview and also analyzed the challenges of the IDD implementation, as well as the potential impact of IPID for MTPL and PAD.

The 21st edition of the International Insurance-Reinsurance Forum was officially opened on Monday night, with the XPRIMM Reinsurance Awards.

The INSURANCE IN A DIGITAL WORLD Conference, taking place at FIAR 2018, brought into debate the impact of digitization on the insurance industry. The first part of the conference focused on risks & opportunities of digitalization for both industry and consumers, as well as case studies and best practices: BigData & IoT, BlockChain, Peer-to-Peer, and AI.

During the second part of the Insurance Market Trends Conference, taking place at FIAR 2018, the debates focused on the current situation in Romania and the sustainable development for a growing and stable insurance market, as well as the challenges and opportunities for the local insurers.