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.
Headquartered in İstanbul, the team at GrECo Türkiye is committed to a client-centric service approach and specialises in sectors such as Health & Benefits, Property, Financial Institutions & Financial Lines, Liabilities, Transportation & Logistics, and Energy.
One of the teams that we are proud of is our Financial Lines group. Each of its members has a different story about how they got into insurance, what they value about the industry and what was their childhood ambitions.
In 2023, GrECo boosted revenues whilst focusing on implementing our corporate strategy.
The Associated Alliance collaboration with GrECo strengthens our ability to provide comprehensive solutions to our clients’ insurance, risk management, and employee benefits needs in the Middle East.
We are excited to announce the release of the 3rd Horizon Risk Thought » Fast Forward publication!
Our heterogeneous workforce is international and comprises men and women from different generations, professions and educational backgrounds.
With the new embedded insurance solution, all Viena saskaita customers are now insured with Payment Protection Insurance.
“While sales and acquisitions are inherently exciting, they require a clear strategy and methodology, coupled with patience due to potentially long buying cycles. The challenge lies in maintaining patience throughout the process.” – interview with Preslava Gencheva, new Strategic Sales Manager at GrECo Specialty.
“After five years of working in our Group, I would say that our people and our culture make GrECo a unique place to work. One is surrounded by experts and the best talent in the risk and insurance industry gives everybody the feeling that nothing is impossible.” – interview with Markus Neubrand, our new Head of Mergers & Acquisitions.
Petra Steininger
Head of Group Communications
T +43 664 548 55 58
