Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk has risen in 20 of the 28 European Union member states over the last year with the bloc recording the highest rise of any region in the world, according to new research from Verisk Maplecroft. Verisk Maplecroft’s second annual Modern Slavery Index (MSI) suggests that European business must do more to tackle modern slavery and pay closer…

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Global business leaders have named economic risks – specifically unemployment in first place, followed by fiscal crises – as the top threats facing their organisation for the next ten years, according to a new survey by the World Economic Forum (WEF). Publishing its Global Risks Report in partnership with Zurich Insurance and Marsh & McLennan, the WEF said societal risks…

CEE region set for return to growth in 2017: Coface

CEE region set for return to growth in 2017: Coface

CEE region set for return to growth in 2017: Coface

The automotive industry has overtaken oil and gas as the largest sector in central and eastern Europe (CEE) for the first time, according to international trade credit insurer Coface on launching its survey of the top 500 companies in the region. Profits generated by CEE’s leading 500 companies fell 3.1% to €26.3bn last year, while turnover at €580bn dipped 0.6%,…

Insolvencies fall again in CEE region

Insolvencies fall again in CEE region

Insolvencies fall again in CEE region

Companies operating in central and eastern Europe (CEE), or trading with companies in the region, will welcome news that fewer insolvencies were reported in 2016, down 6% last year following a strong 14% reduction in 2015, according to new figures from Coface. However, Coface said there were wide variations across the 14 countries within the region. Eight countries reported decreases…

The customer is king

The customer is king

The customer is king

The decision by Allianz Global Corporate & Specialty (AGCS) to focus board member Andreas Berger on its core German and central and eastern European (CEE) markets, as well as its Mediterranean and African regions, should be good news for risk managers in the German-speaking corporate risk and insurance market. Andreas Berger’s renewed focus on Germany and CEE markets, along with…

Generali posts positive first-half numbers

Generali posts positive first-half numbers

Generali posts positive first-half numbers

Generali’s net profit increased by 3.7% in the first six months of this year to €1.2bn, with operating income up 4.1% to €2.6bn. Property and casualty (P&C) results were decent with premiums up 1.5% to €11.3bn, operating results up 0.7% to €1.1bn and the combined ratio a very respectable 92.9%. Generali said its increased operating results came despite the low…

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in 2016, down from 4.2% in 2015 but more than the ten-year average growth rate of 2.0%, according to Swiss Re. The reinsurer’s latest sigma report, World insurance in 2016: the China growth engine steams ahead, reveals that premium growth in…

Credit risk spikes at eastern European businesses

Credit risk spikes at eastern European businesses

Credit risk spikes at eastern European businesses

Businesses trading with eastern European suppliers and customers are at an increased risk of payment default, according to Atradius. New research by the the trade credit insurer found that 86% of eastern European customers have received late payments on invoices during the past year, with 58% citing liquidity issues as the main reason. The report, which analyses data from businesses…

AXA Poland set to grow employee benefit business with multinationals top target

AXA Poland set to grow employee benefit business with multinationals top target

AXA Poland set to grow employee benefit business with multinationals top target

AXA’s Polish insurance company has paved the way to expand its employee benefits business and increase its list of global clients. AXA Poland has announced that it will work more closely with MAXIS Global Benefits Network (GBN), a global employee benefits network founded by MetLife and AXA in 1998, with ambitions to become the largest player in the local market.…

Wordwide Broker Network adds two new European members

Wordwide Broker Network adds two new European members

Wordwide Broker Network adds two new European members

Worldwide Broker Network (WBN) has added two new European members from Germany and Croatia to its broking and employee benefit network. Germany-based human resources management consulting company Lurse AG joins WBN with more than 25 years’ experience in human resource systems and processes across various sectors. The firm has in excess of 60 employees that provide consulting services in areas…

1 2 3 8