Industry Insights
Our Industry Specialists offer market insights and analyses about new developments in the insurance industry.
Parametric insurance has been around since 1990s although the reinsurance industry has been using the parametric structures with catastrophe bonds for more than 30 years
With the target of making Europe climate-neutral by 2050 the European Union is publishing some regulations with direct impact on the products of the financial market.
While we’re all still dealing with the effects of the COVID-19 crisis, the next shutdown could be just around the corner. Experts predict that a so-called blackout will occur within the next five years.
New cyber threats are evolving almost every day along with insurance concepts.
Cyber criminality can take on a number of forms – but one aspect always remains constant: the criminal energy of the attackers!
Number of successful cyber attacks is on the rise, which is also due to the increasingly sophisticated methods and the more aggressive behaviour of the attackers.
The prediction that companies are affected by cyber attacks worldwide every 14 seconds was made in 2017. However, the actual intervals were a lot shorter in October 2019.
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