Latest News & Insights
Industry Insights
Our Industry Specialists offer market insights and analyses about new developments in the insurance industry.
With the ESG spotlight upon us all, company’s need to meticulously craft their future communications strategies, making sure they truly understand the sustainable profile of their products, services, or activities.
Some industries, such as online retail or banking, handle large amounts of sensitive and possibly lucrative data. By the very fact that the services they offer are to a wide extent are virtual, the exposure is rather obvious.
Disruption in the insurance industry is seen more than in others and while for some this is an opportunity, for others it is a difficulty and threat.
In October 2018 for instance, Ingérop was victim of a cyber attack where perpetrators were able to get documents relating to nuclear plants, jails/correctional facilities and railway lines.
Especially in difficult economic times, the risk of credit default plays an explosive role.
ompanies are too often too trusting towards their clients, regardless of them being domestic or of foreign origin, potential or existing ones. Indeed, the importance of receivables management in companies has increased and checking your buyer’s credit worthiness has become a daily practice. Still, we have to take into consideration the age and the availability of the data such an assessment is based on – the actual situation may be significantly different.
Traditional B2B and B2C companies are increasingly working together and are increasingly building a new B2B2C business (Business to Business to Customer). “Affinity” is the buzzword of the hour.
No pension cuts as a result of losses in securities investments, but a guaranteed secure retirement provision in times of crisis: classic life insurance is back in high demand. Triggered by the Corona crisis, it is experiencing a new upswing as a form of retirement provision.
Companies in the 21st century face the great challenge to advance digitization. This means to increase efficiency, reduce costs and deploy new, innovative IT-products and –services that also enhance cyber security.
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