In 2023, Colonnade's overall Gross Premium Written (GPW) in travel insurance increased by 7 million EUR compared to the previous year. The most popular destinations for travel insurance services were Croatia, Italy, and Austria. Due to the transformed sales methods, there was a significant 8.65% improvement in the conversion ratio, showcasing enhanced efficiency. According to the higher number of sold policies, there was an 8% increase in travel claims processed by our claims adjusters.
Dorota Kosiorek, the Senior Liability Underwriter of our Polish branch draws attention to product recalls and the insurance solutions available for such cases.
What does IT professional indemnity entail? Why is it important today, when information technology is all around us and our lives highly relies on the solutions, technologies that the IT companies have developed or created? Read Bence Széles Professional Indemnity Practice Leader's summary from our Hungarian Branch to find the answers for these important questions and be prepared to avoid the potential risks.
Reduced Yield Coverage (RYC) is a groundbreaking insurance solution tailored in new solar farms in the CEE region. Read about RYC and find out the difference between traditional property insurance and RYC.
In today's rapidly evolving digital landscape, the array of cyber threats and data breaches has reached unprecedented levels. As explained in the article by Juliusz Małyszko Cyber Practice Leader, the constantly increasing presence of cyber and privacy risks has given rise to an essential solution that augments and supports the business's efforts to recover in the event of a cyber-attack: cyber and privacy insurance.
With the insights of Pawel Piwowarski, Financial Lines Director of our Polish Branch we delve into the external and internal factors that are shaping the pricing dynamics of D&O insurance.
As cyber threats continue to escalate in frequency and complexity, the world has witnessed the rise of cyber warfare. In response to this evolving landscape, the insurance industry has adapted its policies to address the unique challenges posed by cyber incidents. Juliusz Małyszko explained about War and Cyber Operation Exclusion in cyber insurance at Colonnade.
In our article you can read what Adrian Jurubita, Insurance's Property Practice Leader advises on how to avoid underinsurance, whether for comercial or consumer insurance.
Earlier this year, an unexpected explosion and subsequent fire occurred in one of our client's buildings. The client was renting out part of the premises to another company who, amongst other things, were charging scooter batteries in one of the rooms on the ground floor.
