Latest News & Insights
Industry Insights
Our Industry Specialists offer market insights and analyses about new developments in the insurance industry.
Since Ukraine has declared to be in war and air space has been closed in Russia and Ukraine, the risk exists that evacuations and return flights to the home country for medical reasons cannot take place.
In addition to this general exclusion referring to damage occurred, there exists clause LSW617 that restricts the validity of cover itself: there is generally no cover for various named high-risk and existing crisis and war zones.
In view of the current developments in Ukraine and the unforeseeable consequences, the private credit insurers are not providing any new or additional cover on Russian and Ukrainian buyers for the time being.
It is a principle of insurance that due to the potential accumulation of claims there is a general exclusion of damage caused to a risk (buildings, factories, their technical equipment, installations, stocks and other contents) in connection with war and civil war.
Differences between the Eastern European countries and the rest of Europe are also disappearing in insurance.
Forestry insurance is still undervalued but can be a really good tool to reduce losses in the wood-processing supply chain.
Neobanks are trying to bridge the gap between the offerings of traditional banks and the expectations of customers in this digital era.
An overview of taxes, levies and other charges for policyholders in CEE countries.
Buying insurance online is a significant issue for majority of customers.
Company News
Read about new developments, initiatives and business decisions in the GrECo Group.
We are proud to announce the launch of HORIZON – “Risk Thought » Fast Forward”, our platform for sharing the newest insights regarding these risks.
GrECo Affinity Group Practice will be supported by a new tech unit that will provide the technological support for the future growth.
In our recent webinar we shared information about the role of cyber insurance in the food and agriculture industry.
With our partner ENAA, GrECo Slovenia launched comprehensive and innovative Affinity solutions for electronic devices and mobile phones
Georg Winter and Andreas Krebs showed in their lecture at the GVNW the newest details on the insurance consequences of the war in Ukraine.
Ante Banovac shares his thoughts about future risks facing the insurance industry and the state of the insurance market in Serbia, Slovenia and Croatia
An interview with Natalia Zaborovska, Group Practice Leader International at GrECo, about the new international strength of the merged companies GrECo and MAI.
Headquartered in Bucharest, GrECo Romania opened a second office in Cluj Napoca, strengthening its presence in the country.
In our new publication FOODprint, we address a variety of topics and food insurance solutions and also highlight the growing importance of risk management.
Petra Steininger
Head of Group Communications
T +43 664 548 55 58
