Articles

The Baltimore accident has garnered global media attention due to its scale and impact. However, it's crucial to remember that damage to transported goods is a daily occurrence, often caused by inclement weather or vehicle accidents. Insurers and brokers must therefore emphasize the specifics of liability in goods transport and provide clients with detailed information to help them accurately assess the risks involved. This ensures clients are well-informed and adequately protected through comprehensive cargo insurance solutions.

In recent years, the food industry has experienced a surge in significant losses due to fire incidents, impacting manufacturers ranging from meat processing plants to bakery product manufacturers.

Recent events, such as missile attacks by Yemeni rebels on ships in the Red Sea and protests by farmers in the Benelux countries and France, have highlighted the need for robust insurance coverage in the marine industry.

Colonnade Insurance stands as a guardian of the rEVolution, ensuring that the transition to electric vehicles is not only smooth but safe.

Colonnade Event Protect insurance provides and innovative solution designed to safeguard companies and event organizers worldwide against the financial risks associated with event cancellations due to unforeseen circumstances. With Event Protect, organizers can decrease potential losses caused by cancellations, postponements, interruptions, curtailments, or relocations of events.

In recent years, the surge in solar parks, or photovoltaic power stations, across Central and East Europe has been a beacon of progress in sustainable energy. These large-scale photovoltaic power systems not only contribute to environmental care but also play an important role in supplying merchant power at the utility level. However, with growth comes new challenges, particularly in the realm of insurance. This is where Colonnade can step in to ensure that these innovative projects are adequately protected.

The number of hacker attacks on clients of banks, government institutions, or hospitals is increasing. Therefore, companies and individuals are not only trying to prevent data threats but also to limit the impact of potential attacks. One of the available options is cyber risk insurance. 

Following the Covid-19 pandemic, the travel industry in the Central and Eastern European region is undergoing a profound transformation. Increased travel demand in the wake of the pandemic, economic uncertainties and changing travel habits are also affecting the travel sector, as well as the travel insurance market.

Ciarko is the biggest producer of high-quality hoods in Poland, held in high esteem in all of Europe. Our client, whose factory was destroyed by a major fire, swiftly resumed production with our support within a month. We are proud to share this story highlighting the crucial role of professional customer support in challenging times.

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.