Industry Insights
Our Industry Specialists offer market insights and analyses about new developments in the insurance industry.
The shipping accident in the Suez Canal has far-reaching consequences for supply chains. Ultimately, this also pushes transport insurance to its limits.
Events can lead to business interruptions and production shutdowns without causing any property damage. This is a difficult risk management starting point.
Since the outbreak of the Corona pandemic two years ago, disrupted supply chains have threatened the existence of many companies.
The EVER GIVEN shipping disaster at the Suez Canal has affected the entire world economy. An analysis by Prof. Sebastian Kummer illustrates the damage in its entirety
Over the past 20 years, spring frost events have become increasingly destructive to the fruit and berry production in the CEE region
Since the start of the war in Ukraine, fears of cyber-attacks due to parallel hybrid war are increasing. In this article we explain how the insurance industry is reacting and how the war clause affects conditions.
The war in Ukraine and economic sanctions against Russia have so far had a drastic impact on the insurance industry.
Even if the “passive war risk” is covered: the crucial question is whether insurance claims can be made locally in an area touched by war and which service can be provided by the insurer.
The dangers of war and strike are excluded in the “all risks” coverage, but they are usually included in the individual policies with additional clauses.
Company News
Read about new developments, initiatives and business decisions in the GrECo Group.
The market leader in risk and insurance management in Austria and Eastern Europe is preparing a reorganisation in the Executive Board and Supervisory Board of GrECo International Holding AG.
GrECo, the leading insurance broker and risk management provider in Central and Eastern Europe, has announced to transfer its operation in Russia to the local management.
The conflict between Russia and Ukraine and the threat of heavy sanctions to be imposed by the Western world as consequence of Russian military action, have brought the topic of financial sanctions and the position of insurance again into the focus of consideration.
Specialist insurance broker GrECo acquires 100% of MAI CEE Ltd., a major risk, insurance and employee benefits consultant in CEE.
Pawel Kowalewski, renowned expert in the energy sector, will develop power & renewables solutions.
GrECo Ukraine, together with insurance partner ARX Ukraine have launched the pilot project for the Affinity parametric insurance solution for Corteva Agriscience customers.
Maksym Shylov, long-standing expert in agricultural insurance, established as Group Practice Leader.
Alma Ribanović, leading expert for affinity solutions takes over development of the division in Austria and Eastern Europe.
GrECo Group, the leading risk and insurance consultant in CEE, acquires 80 % of UADBB Sagauta, no. 2 insurance broker in Lithuania.
Petra Steininger
Head of Group Communications
T +43 5 04 04 – 175