InsureTech

Deals: Companjon Working With Erste Bank Hungary

Latest deals news from Companjon; Companjon, a B2B2C insurtech start-up specializing in fully digital, AI-driven embedded insurance, has entered an agreement to provide its innovative lifestyle solutions to Erste Bank Hungary customers from early 2024. […]

Global insurance trends

Deals: Vienna Insurance Group Increases Stake in Corvinus

A short and sweet update from Vienna Insurance Group; On November 21, 2023, Vienna Insurance Group (VIG) signed a purchase agreement to acquire 35% of the Hungarian holding company VIG MagyarorszĆ”g Befektetesi Zrt. signed, which […]

Global insurance trends

Market Snapshot: Hungary Set For Recovery Says GlobalData

GlobalData takes a look at the insurance market in Hungary; Hungary’s insurance industry is projected to grow at a compound annual growth rate (CAGR) of 6.3% from HUF1,204.86 billion ($3.91 billion) in 2020 to HUF1,635.5 […]

InsureTech

Lead Ventures Puts Cash Into Amodo’s Start-Up Gas Tank

Lead Ventures is making a EUR 3 million investment in Amodo. The Budapest based venture capital firm, specializing in scale-up financing, is assisting the growth of Amodo, an insurtech company based in Croatia. Funds will […]

Business

NN Group Doing Rather Well; Profits Up, Shares Buyback, New Products

Here are the latest financials from Netherlands based NN Group, with the key highlights being as follows;   4Q19 operating result increased to EUR 428 million from EUR 343 million in 4Q18, reflecting improved results […]