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 spoke to Faris Fazlibegović who will be heading the operations in Bosnia and Herzegovina, and Ibrahimpasic-Hadzic Irma, our Group Market Developer, about their goals and vision for our presence in BiH
Iva Rogovic-Lekic joins the management board and Josip Malenica will lead the reinsurance placements
We are delighted to announce that GrECo’s Estonian subsidiary, IIZI Group has recently started a new cooperation with Estonian financial technology service provider, HOOVI Rntal OÜ.
The impacts, risks, and opportunities we’ve identified are presented without considering the positive or mitigating effects of actions that GrECo has already implemented.
The insurance guarantees Bregenzer Festspiele’s customers a full refund for the ticket price should they be unable to attend the event.
Germinas Dauksa, our Group Practice Leader Transport and Logistics, caught up with Kiril Petrov who leads Transport and Logistics insurance in GrECo Bulgaria.
The Annual report focuses on different aspects of our company and highlights our risk-based approach.
We developed Empowering Excellence @ GrECo as a cross-border programme capitalising on the vast knowledge and skill sets of our existing workforce.
In this interview Ante Banovac discusses the company’s commitment to employ the very best talents, their recent people investments in GrECo CZ, and the benefits of working with them.
Petra Steininger
Head of Group Communications
T +43 664 548 55 58
