Tag: Europe insurance news

Tesla Insurance prepares to launch in Europe

Logan B.
Tesla insurance - Tesla car charging - Map of Europe

The electric car company is continuing to grow its coverage as it starts focusing on European drivers. Tesla insurance has been continuing its work to expand into the coverage market for its electric cars, taking aim at the European market in its latest moves. The automaker started setting up a European branch in Malta in December 2020 but hadn’t started selling. Even though the European Tesla insurance branch has been in existence since that time, it hadn’t yet started to offer any products or services to European motorists. However, it…

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Insurance news for solar and wind looks good after subsidy loss

Julie Campbell
Windmill renewable energy insurance news

Insurers are getting ready to provide coverage for investors as state subsidies are withdrawn. Among the latest insurance news from Europe’s renewable energy industry are the plans from insurers that are being developed in order to help to provide protection to investors who are backing solar and wind power projects against the removal of vital federal subsidies. The loss of the subsidies has been very painful for the industry for renewable energy in Europe. The third largest broker in the world, Willis, is currently making insurance news taking part in…

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Insurance news from the European Union shows prices will increase for women’s life policies

H. Cutner
Women Insurance

When the regulations regarding gender kick in, women will pay more for coverage. Women in Europe who have heard the latest insurance news are rushing to take advantage of the shrinking window of opportunity that is available to them to obtain a life policy for a lower price. When the regulations against using gender as a factor in calculations kick in, women will lose their discount. The main insurance news attention regarding the way that gender will no longer be allowed to calculate premiums has been focused on auto coverage,…

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EU permits some Iran oil insurance until July 1

Julie Campbell

The European Union has announced that it will allow some insurance for Iranian oil shipments to be exempt from Europe’s trade embargo on crude, when they are headed to destinations other than Europe, and that it will have made its decision as to whether or not coverage will be permitted after that time, by mid May. The EU foreign ministers formed the exemption and the planned review for it at a Brussels meeting that added it to a set of rules about the implementation of the oil ban from the…

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Leading European property and casualty insurers saw premiums increase of 5.2%

Marc

Spain-based MAPFRE has released the results of its 7th annual survey of European insurance companies and has ordered them based on their writing of gross premiums, determining that all of the top insurers were able to both raise their revenues from premiums and achieve successful outcomes that were largely based on activity outside their own countries. The survey specifically examined non-life insurers, and the report published by MAPFRE stated that the top ten insurance companies saw an increase of 5.2 percent in their premiums, bringing them to $283.39 billion in…

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