Floods which hit Croatia in mid-May have caused an estimated €224.5m (£160m) in economic losses, according to the local Hina news agency.
The European Bank for Reconstruction and Development estimates the cost of damage as the result of horrific flooding will be well over €2bn.
Over 40 people have died and thousands of people have been left temporarily homeless after three months of rain fell across three days in Serbia and Bosnia.
Russian insurance firm Sogaz has opened its first foreign subsidiary in the Republic of Serbia.
Uniqa group as increased it premiums by 4.4% to €5.37bn (2010: €5.14bn) and in the growth markets in Eastern Europe by 6.5% €1.08bn (2010: €1,02bn).
Weather related catastrophes are common in the Balkans but there is a perception there that the government will always be on hand to help. However, as Sam Barrett explains the only way forward is to create and develop a market to enable the transfer of…
The mighty Danube links many countries but Jakki May asks if that is enough to link the insurance markets within these territories and encourage mergers and acquisition.
Crash for cash scandals have hit the headlines in the UK and, while the trend has reached Eastern Europe, Sam Barrett reports that counter fraud strategies are not yet able to beat the problem.
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.