BOSTON, June 09, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced HDFC ERGO General Insurance Company Limited (HDFC ERGO), India’s leading private sector general insurer, as a 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held in Orlando, Florida. A digital-first company, transforming into an AI-first company, HDFC ERGO is ...

Company Overview - Ageas Re, the reinsurance arm of Ageas Group, has entered into a reinsurance agreement with Slovenian insurer Triglav Group to enhance its business portfolio and support Ageas's Elevate27 growth strategy [1][3] - Triglav Group is the largest insurance-financial group in the Adria region and operates in six countries, focusing on insurance and asset management [7] - Prima Assicurazioni, a rapidly growing insurtech company, has become the number one direct Motor insurance distributor in Italy since its inception in 2015, generating EUR 1.3 billion in gross written premiums in 2024 [2][6] Partnership Details - Under the agreement, Ageas Re will take an 80% Quota Share on the Prima business underwritten by Triglav Group starting in 2025 [2] - The partnership aims to leverage the tech-driven capabilities of Prima to achieve profitable growth in the attractive European Non-Life insurance market, which generates over EUR 15 billion in premiums [3] Financial Projections - Ageas Re anticipates inflows exceeding EUR 500 million from this transaction in 2025, with a projected Net Operating Result of around EUR 15 million spread over 2025 and 2026 [4] - The impact on Group Solvency is estimated to be no more than -4 points in 2025 [4] Strategic Alignment - The agreement aligns with Ageas's Elevate27 strategy, which focuses on profitable growth in the European Non-Life market [3][5] - Triglav Group aims to enhance its international recognition and expand beyond existing markets through this partnership [5][7]