Oleg Parashchak on Muck Rack

Oleg Parashchak

(He/Him)
Bratislava
As seen in: Beinsure
Covers:  Insurance, Reinsurance, InsurTech, Digital Media, Investing, Blockchain, Finance, Technologies, Cybersecurity, AI, ML, IoT
Entrepreneur, Angel Investor, Founder @ FinanceMedia.group ⭐ Beinsure.com ⭐ Forinsurer.com 👉 25Y+ ❤️ #Insurance #InsurTech #Blockchain
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Articles by Oleg Parashchak

Most AI Projects Fail to Deliver ROI: Key Factors Behind Successful AI Implementation

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By Oleg Parashchak, Peter Sonner
| Beinsure
Over 40% of agentic AI projects will be canceled by the end of 2027, due to escalating costs, unclear business value or inadequate risk controls.ย A new Gartner report confirms what many companies are starting to experience in practice, most AI projects are not delivering the expected return. According to a survey of 782 infrastructure and operations leaders, only 28% of AI initiatives fully meet ROI expectations, while 20% fail outright.
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Secondary Market for Global Reinsurance Improves Capital Efficiency

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By Oleg Parashchak, Yana Keller
| Beinsure
Reinsurance plays a vital role in the global risk transfer system by acting as a contingent form of capital. It absorbs volatility, supports underwriting capacity and can reduce the equity and debt capital insurers need to hold, improving weighted average cost of capital. Despite this importance, reinsurance remains structurally illiquid, with most capital committed for annual contracts and little ability to adjust positions mid-term.
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Global reinsurance capital hit $785 bn as competition rises in 2026

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By Oleg Parashchak
| Beinsure
Global reinsurer capital rose almost 10% in 2025 to a record $785 bn, according to Aon, as strong earnings, bond gains and fresh inflows gave the market more capacity to absorb expanding risks. In its April report, Aon said the industry added roughly $70 bn of capital over the year. The increase came from retained earnings, mark-to-market gains on bonds booked directly to equity, and new money flowing into sidecars and catastrophe bonds.
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Hail and AI are reshaping severe storm risk management

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By Oleg Parashchak
| Beinsure
The frequency and intensity of severe convective storm events have increased sharply, pushing insured losses into the tens of billions globally. A recent Allianz report says these risks can still be reduced, though it will take a mix of traditional resilience measures and newer AI-driven tools. In 2025 alone, severe convective storms accounted for nearly half of all insured natural catastrophe losses, at more than $60 bn. From 2023 through 2025, total losses from these events exceeded $200 bn.
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Fitch says private credit transparency in North America is improving slowly

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By Oleg Parashchak
| Beinsure
Transparency around private credit in North America is edging higher, according to Fitch Ratings, though disclosure across the market still remains limited, especially when it comes to ties with the broader financial system. Fitch said stronger regulatory disclosure requirements, the growth of SEC-registered vehicles, and efforts by some issuers to respond to market concerns are helping push transparency forward. Even so, most private credit data remains opaque. That part hasn’t changed enough.
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Insurers Face Longer Settlement Cycles and Widening AI Gap in 2026

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By Oleg Parashchak, Peter Sonner
| Beinsure
Insurance firms enter 2026 under rising operational strain across finance and back-office functions. Settlement cycles stretch longer, data fragmentation deepens, and AI adoption trails stated ambitions. New research from AutoRek points to a widening gap between transaction growth and operational capacity. The Insurance Operations & Financial Transformation 2026 report draws on 250 interviews with managers across the US and UK.
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Largest Unicorn Startups in Finland in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Finland’s startup ecosystem in 2025 illustrates how a relatively small market can produce globally competitive companies with billion-dollar valuations. According to Beinsure’s data, the country now counts 5 notable unicorns whose combined valuation surpasses $17 bn, underscoring the role of both local entrepreneurial capacity and international venture capital in driving growth.
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Unicorn Startups in Norway in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Norwegian’s startup and venture capital landscape in 2025 reflects both resilience and transformation, driven by global capital flows and the country’s strong tradition of innovation. Norway has more than 15K+ startups. Of these, 5 have become Unicorns. According to Beinsure’s data, the total value of the five unicorns in Norway in 2025 is $5.7 bn. Norway has more than 15K+ startups.
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Unicorn Startups in Sweden in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Sweden’s startup and venture capital landscape in 2025 demonstrates the country’s sustained ability to produce globally competitive companies across fintech, healthtech, clean energy, and consumer platforms. According to Beinsure’s data, the unicorn roster collectively exceeds $52 bn in valuation, highlighting the resilience of the Nordic innovation model despite tighter global liquidity conditions. Sweden has more than 28.5K+ startups. Of these, 14 have become Unicorns.
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Unicorn Startups in United Arab Emirates in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
In 2025, the United Arab Emirates continues to establish itself as a regional hub for startups and venture investment, with unicorn valuations reflecting both global confidence and local strategic support. The UAE presents an impressive roster of eleven unicorn-valued startups, collectively highlighting a vibrant ecosystem where innovation meets deep-pocketed global capital. According to Beinsure’s data, the total valuation of the UAE unicorns in 2025 is $17.2 bn.
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Unicorn Startups in South Korea in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
South Korea’s startup and venture capital ecosystem in 2025 shows a sharp maturation, with nearly 30 unicorns spanning fintech, mobility, e-commerce, gaming, and digital services. South Korea has more than 27K startups. Of these, 30 have become Unicorns. According to Beinsure’s data, the unicorn valuations collectively exceed $65 bn, underscoring the country’s position as one of Asia’s most dynamic innovation hubs after China and India.
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Unicorn Startups in Singapore in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Singapore’s startup and venture capital ecosystem in 2025 reflects both regional dynamism and global investor confidence. According to Beinsure’s data, with a portfolio of 30 unicorns collectively valued at more than $135 bn, the city-state continues to consolidate its role as Southeast Asia’s innovation hub, attracting capital inflows from global heavyweights such as Sequoia Capital China, Temasek, SoftBank, and BlackRock. Singapore has more than 43K startups. Of these, 30 have become Unicorns.
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Unicorn Startups in Israel in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
In 2025, Israel’s startup ecosystem remains one of the most dynamic globally, with 25 unicorns valued at over $63 bn dollars combined, according to Beinsure’s data. The distribution of capital and the concentration of investors highlight both the resilience and shifting priorities of the nation’s innovation economy.
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Unicorn Startups in India in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
India’s startup and venture capital (VC) ecosystem in 2025 reflects a maturing yet highly dynamic landscape, with a significant number of unicorns commanding multi-billion-dollar valuations. According to Beinsure’s data, the cumulative valuations of these ventures exceed $185 bn in 71 Indian unicorns, with the top 10 startups alone accounting for over $61 bn.
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Unicorn Startups in Germany in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Germany’s startup ecosystem in 2025 is consolidating its role as Europe’s second-largest innovation hub after the UK, driven by a combination of fintech, deep tech, AI, and climate-focused ventures. Germany hosts 32 unicorns, collectively valued at more than $85 bn, underscoring the maturing of its venture-backed economy, according to Beinsure’s data.
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Unicorn Startups in France in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
France has cemented itself as one of Europe’s most dynamic startup ecosystems, with a cohort of unicorns that reflects both the diversity of its innovation and the growing maturity of its venture capital markets, according to Beinsure’s data. By mid-2025, France counts 30 unicorns valued collectively at $74 bn, spanning digital health, fintech, artificial intelligence, e-commerce, gaming, and sustainability.
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Unicorn Startups in the United States in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
In 2025, the United States remains the epicenter of global venture capital and startup activity, commanding the largest pool of unicorns—private companies valued at $1 bn or more, according to Beinsure’s data. The cumulative valuation of the top 707 unicorns in the U.S. surpasses $2.9 tn, underscoring both the scale of entrepreneurial ambition and the depth of capital flowing into innovation.
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Unicorn Startups in the United Kingdom in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
The United Kingdom continues to stand as one of Europe’s most dynamic startup hubs in 2025, with a unicorn ecosystem valued at over $225 bn across fintech, infrastructure, healthtech, AI, and consumer services, according to Beinsure’s data. This reflects not only the resilience of London’s financial capital but also the widening of the entrepreneurial landscape into regions beyond the Southeast.
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Unicorn Startups in China in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
China’s startup ecosystem has matured into one of the most formidable globally, producing a deep pool of unicorns—private companies valued at $1 bn or more. The country hosts over 158 unicorns across diverse industries, together representing more than $500 bn in valuation, according to Beinsure’s data.
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Unicorn Startups in Canada in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Canada’s startup ecosystem has matured into a global innovation hub, producing more than 20 unicorns valued collectively at over $55 bn, according to Beinsure’s data. These companies span a range of industries—from artificial intelligence and blockchain to fintech and software-as-a-service—illustrating both the diversity and depth of Canada’s entrepreneurial capacity. The Canadian unicorn landscape is dominated by a few high-valuation giants.
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Unicorn Startups in Brazil in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Brazil has become one of the hottest startup hubs in Latin America, producing a wave of unicorns—private companies valued at over $1 bn. The total combined valuation of Brazil’s unicorn startups is $37 bn, according to Beinsure’s data. Fueled by a growing middle class, rapid digital adoption, and strong interest from global venture capital, these startups are reshaping industries from fintech and e-commerce to gaming and logistics.
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Unicorn Startups in Australia and New Zealand in 2025

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By Peter Sonner, Oleg Parashchak
| Beinsure
Australia and New Zealand have rapidly become vibrant hubs for innovative startups, producing a growing number of unicorns—privately held companies valued at over $1 bn. These ventures span industries such as fintech, SaaS, blockchain, and e-commerce, attracting top-tier global investors. The top 10 unicorns from Australia and New Zealand together are valued at nearly $50 bn, according to Beinsure’s data. At the top of the list stands Canva, valued at $32 bn.
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TOP 100 Property & Casualty Insurance Companies in 2026

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By Oleg Parashchak
| Beinsure
Largest Property & Casualty Insurance Companies in the United State. P&C Insurers in the U.S. wrote more than $938 bn (+8.5%) in premiums. The Top 200 insurers accounted for approximately 96.15% of the total U.S. P&C industry premium, while others made up about 3.85%. The America’s 10 Largest P&C insurance companies command almost half (47%) of the market, with the top 25 insurers accounting for two-thirds of the overall share.
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European Insurers Support Savings and Investments Union (SIU)

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By Oleg Parashchak
| Beinsure
Insurance Europe supports the European Commission’s ambition to build a Savings and Investments Union. It will continue to develop proposals and participate in discussions to ensure the success of this initiative. The insurance industry welcomes the EC ambition to establish a SIU. In its views submitted, Insurance Europe sets out recommendations that would enable the sector to deepen its contribution to the SIU objectives to help mobilise savings and investments in the EU.
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Vienna Insurance Group posts higher 2024 profit despite €617 mn flood loss

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By Oleg Parashchak
| Beinsure
Vienna Insurance Group increased its 2024 profit despite a €617 mn loss from flooding caused by storm Boris in Central and Eastern Europe. The group’s profit after taxes and noncontrolling interests rose to €645.3 mn from €559 mn a year earlier. Gross written premiums increased to €15.23 bn from €13.78 bn.
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D&O Insurance Market Sees Strong Results but Faces Uncertainty

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By Oleg Parashchak, David Blades
| Beinsure
The directors and officers insurance market has experienced favorable results in recent years, but ongoing risks and market uncertainties could challenge sustainability. AM Best discusses the current state of the directors and officers insurance market, highlighting recent favorable results, the need for pricing stabilization, and the evolving risks that are reshaping underwriting. The D&O insurance market has seen strong profitability, driven by rate increases in 2020–2022.
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Fairfax reported a $3.9 bn net earnings and $1.8 bn in underwriting profit for 2024FY

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By Oleg Parashchak
| Beinsure
Fairfax Financial Holdings reported net earnings of $3.87bn for the 2024 fiscal year, or $160.56 per diluted share after preferred dividends. This compares to $4.38bn in net earnings for 2023, or $173.24 per diluted share. Book value per basic share rose to $1,059.60 as of December 31, 2024, from $939.65 a year earlier, reflecting a 14.5% increase when adjusted for the $15 per common share dividend paid in early 2024.
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Legal Battles and Risk Trends

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By Oleg Parashchak
| Beinsure
The aviation industry faced a complex landscape in 2024, shaped by ongoing uncertainty, competitive pressures, and significant incidents, with ‘new normal’ loss conditions persisting for much of the year and marked by a tragic crash in South Korea as well as ongoing uncertainty surrounding the fate of aircraft stranded in Russia, Howden Re has noted in a recent report. Beinsure has highlighted the key insights from the report.
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Canadian Fairfax becomes the 100% owner of Ukrainian insurers-ARX, ARX Life, and UNIVERSALNA

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By Oleg Parashchak
| Beinsure
The Canadian group Fairfax Financial Holdings has completed a deal with the European Bank for Reconstruction and Development (EBRD) and has become the 100% owner of Ukrainian insurance companies—ARX, ARX Life, and UNIVERSALNA. On January 24, 2025, Prasun Singhal resigned from the supervisory board of ARX.
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10 Key Types of Car Insurance Coverage

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By Nataly Kramer, Oleg Parashchak
| Beinsure
Selecting the right car insurance coverage requires understanding the available options and how they protect against different risks. Beinsure determined the necessary coverage and analyzed car insurance costs. The price depends on factors like coverage type, driving history, location, vehicle type, and insurer. See US Auto Insurance Rates by States in 2025. Basic liability coverage is usually cheaper, while full coverage, including collision and comprehensive insurance, costs more.
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2025 Global Cyber Insurance Industry Outlook & Growth Opportunities

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By Yana Keller, Oleg Parashchak
| Beinsure
S&P Global Ratings maintains a stable outlook on the global cyber insurance and reinsurance industry, supported by solid underwriting profitability in 2023 and 2024, with expectations for this trend to continue into 2025. The cyber insurance industry’s stability is further reinforced by substantial increases in cyber insurance rates and tighter terms and conditions on cyber policies, measures that were primarily implemented in 2021 and 2022.
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New War Risk Reinsurance Facility for Ukraine's Commercial Property Sector

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By Oleg Parashchak
| Beinsure
McGill and Partners, a global specialty insurance and reinsurance broker, in partnership with FortuneGuard, a Lloyd’s Lab InsurTech, and Ukrainian insurer ARX has introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine. The initiative aims to address a critical insurance gap in the war-torn country, supporting its economic recovery. This facility applies AI technology to analyze official data on projectiles fired into Ukraine.
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P&I Clubs Forecasts

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By Nataly Kramer, Oleg Parashchak
| Beinsure
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025 year, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure from inflation and increased claims severity, according to BestWire research. Beinsure reviewed the report and highlighted the key points. Rate hikes and targeted adjustments aim to align premiums with rising risks, ensuring financial sustainability amid a volatile environment.
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10 Key Risks of the Insurance Market in Europe. Insurance Risk Dashboard

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By Oleg Parashchak, Nataly Kramer
| Beinsure
The European insurance sector’s risks remain stable at medium levels, with some vulnerabilities linked to market volatility and fluctuating real estate prices, according to EIOPA’s Insurance Risk Dashboard. Beinsure has selected the key insights from the report. The Insurance Risk Dashboard, based on Solvency II data, summarises the main risks and vulnerabilities in the European Union’s insurance sector through a set of risk indicators.
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TOP 100 Life & Health Insurers Insurance Companies in 2026

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By Oleg Parashchak
| Beinsure
US Life Insurance Companies to see growth earnings in 2026 while wrestling with the impact of higher interest rates, a dynamic annuities sector and the commercial real estate market’s effect on investment portfolios. The Life & Health insurance industry’s admitted assets grew by 6% to $9,5 bn.
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Largest Insurance Companies in Europe 2025

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By Oleg Parashchak
| Beinsure
Largest European Insurers – 2026 were ranked by gross premiums written and capital is based on global rating agency A.M. Best data and research, analized by Beinsure Media. There were more than 9,000 insurance companies operating in Europe. In terms of domestic companies, only around 300 companies were operating inside Europe.
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Largest Global Reinsurance Groups in the World 2026

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By Oleg Parashchak
| Beinsure
Top 50 World’s Largest Reinsurance Groups — 2026 is based on global rating agency AM Best data and research. The reinsurance groups ranked by unaffiliated gross reinsurance premiums written. Many of the reinsurance companies reported that a third to half of their premium growth could be attributed to pricing increases, as opposed to exposure growth.
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