Industry Insights
Our Industry Specialists offer market insights and analyses about new developments in the insurance industry.
The dangers of war and strike are excluded in the “all risks” coverage, but they are usually included in the individual policies with additional clauses.
EU sanctions prohibit any direct or indirect economic interactions (prohibition of payment and provision of services) with listed persons, as well as with all companies in which a listed legal entity or natural person has an ownership interest of 50% or more.
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.
Company News
Read about new developments, initiatives and business decisions in the GrECo Group.
The team brings strong technical credentials through Tomislav Sič, Director and certified risk engineer with two decades of experience, and Martina Toskić, Risk Engineer.
In 2026, we created a dedicated space for our female colleagues to voice their experiences, reflect on challenges, and share their ambitions for the future.
To support the long-term resilience of the agricultural sector, GrECo has acquired AgroBroker, a specialised agricultural insurance broker with deep roots in Latvia’s farming community.
In this environment, companies must recognise geopolitics as an ongoing transformation of the global risk landscape, not a series of isolated crises.
Jetzt bestellen: GrECo Unternehmensstudie zu Health & Benefits
The Chamber of Insurance Brokers of Lithuania has announced a new Security Contribution Law, introducing obligations for foreign insurers operating in Lithuania.
The discussions featured contributions from GrECo Croatia’s leadership and international specialists, reinforcing GrECo’s commitment to turning risks into opportunities.
GrECo Group is proud to announce that it has been recognised as the “Best Partner of MOI Insurance Broker LLP”, a prestigious accolade awarded during MOI’s 20th anniversary celebration.
We are excited to announce the release of the 5th Horizon Risk Thought » Fast Forward publication!
Petra Steininger
Head of Group Communications
T +43 5 04 04 – 175