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Merger of Barmenia and Gothaer Receives Green Light from BaFin

Submitted by J. Mikhail on
Merger of Barmenia and Gothaer Receives Green Light from BaFin

SHERIDAN, WYOMING – August 26, 2024 – The German Federal Financial Supervisory Authority (BaFin) has granted its approval for the planned merger of Barmenia and Gothaer to form BarmeniaGothaer. The merger will be legally finalized with the registration in the commercial register, expected in early September.

S&P Global Ratings Elevates Outlook for Gothaer Insurance Group Amidst Strategic Merger

Submitted by J. Mikhail on
S&P Global Ratings Elevates Outlook for Gothaer Insurance Group Amidst Strategic Merger

SHERIDAN, WYOMING – July 30, 2024 – S&P Global Ratings (S&P) has revised its outlook for the Gothaer Insurance Group from "stable" to "positive" in light of the group's proposed merger with Barmenia. The 'A' financial strength ratings for Gothaer Allgemeine Versicherung AG, Gothaer Lebensversicherung AG, and Gothaer Krankenversicherung AG have been affirmed, reflecting the group's robust capitalization and earnings.

Merger to Drive Enhanced Competitive Positioning

Cheche Group Accelerates Growth in New Energy Vehicle Insurance Market with NIO Partnership

Submitted by J. Mikhail on
Cheche Group Accelerates Growth in New Energy Vehicle Insurance Market with NIO Partnership

SHERIDAN, WYOMING – June 25, 2024 – In a strategic move that solidifies its position as a leader in China's auto insurance technology sector, Cheche Group Inc. (NASDAQ: CCG) has formed a landmark partnership with NIO Insurance Broker Co., Ltd., a subsidiary of the renowned electric vehicle manufacturer NIO INC. (NYSE: NIO). This collaboration aims to revolutionize the insurance experience for new energy vehicle (NEV) owners, capitalizing on Cheche's innovative digital platform and advanced technology to deliver comprehensive insurance solutions.

insureNXT Innovators Award 2024: Finalists Announced

Submitted by J. Mikhail on
insureNXT Innovators Award 2024: Finalists Announced

The finalists for the prestigious insureNXT Innovators Award 2024 have been revealed, marking the culmination of a record-breaking 61 applications. This coveted industry prize celebrates groundbreaking products, services, business models, and projects with the potential to transform the insurance landscape.

A distinguished jury has meticulously selected three outstanding innovations to compete in the final round, spanning four distinct award categories:

insureNXT 2024 to Spotlight Future-Oriented Sales and Customer Experience in the Insurance Industry

Submitted by J. Mikhail on
insureNXT 2024 to Spotlight Future-Oriented Sales and Customer Experience in the Insurance Industry

insureNXT, the leading European trade fair and congress for the insurance industry, is set to address the most pressing challenges and opportunities in future-oriented sales and customer experience. Taking place in Cologne on May 28-29, 2024, the event will feature renowned industry experts discussing innovative strategies and solutions to meet the rising expectations of today's consumers.

Strong Congress Program with a Focus on Sales and Customer Experience:

Best of Innovation: insureNXT 2023 will present the most important developments in the insurance economy on 26 and 27 April in Cologne

Submitted by J. Mikhail on
Best of Innovation: insureNXT 2023 will present the most important developments in the insurance economy on 26 and 27 April in Cologne

Cologne, 6 April 2023 - insureNXT 2023, which will take place on 26 and 27 April in Cologne, will show many innovative projects, business models and technologies. More than 170 top speakers and around 170 partners and exhibitors will present themselves at the congress trade fair for innovation in the insurance economy.

insureNXT and the University of St. Gallen are organising their first joint Future.Talk on business transformation in the insurance economy on 14 February 2023

Submitted by J. Mikhail on
insureNXT and the University of St. Gallen are organising their first joint Future.Talk on business transformation in the insurance economy on 14 February 2023

Cologne, 31 January 2023 – The University of St. Gallen, one of the leading business schools in Europe, is the new science partner of insureNXT. To start the cooperation, the Future.Talk "Business Transformation in the Insurance Economy: New Impulses through Business Model Innovations" is taking place on 14 February in St. Gallen. Highlights in the programme of the Future.Talk are use cases from UPTO (AXA), Baloise DE and Helvetia Versicherungen Germany, as well as the keynote of the investor and TV lion Carsten Maschmeyer. How do innovations find their way into new business models?

Zurich delivers one of the best results in its history

Submitted by J. Mikhail on
Zurich delivers one of the best results in its history
Zurich delivers one of the best results in its history; expects to meet or exceed all 2022 targets Group business operating profit (BOP) rises 35% to USD 5.7 billion in 2021; net income attributable to shareholders rises 36% to USD 5.2 billion Proposed dividend of CHF 22 per share, an increase of 10% on prior year Property & Casualty (P&C) BOP rises 50% to USD 3.1 billion; P&C combined ratio at 94.3%, the lowest level in the past 15 years Strong growth in P&C with gross written premiums (GWP), up 12% in commercial insurance and 8% in retail and SME like-for-like1