News - Insurance




AXA, 3Q2024: growth across all businesses and geographies

AXA reported for 3Q2024 Gross Written Premiums (GWP) and other revenues up 7% y-o-y, to Euro 84.0 billion, driven mostly by the Property & Casualty segment and the Life & Health business, which both saw a 7% increase in GWP.



STATISTICS: TÜRKIYE 3Q2024: sustained growth despite difficult conditions

According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2024 the local insurance market increased by 73.78% y-o-y reaching TRY 570.44 billion (~EUR 14.9 billion). In European currency, due to about 35% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +32.16% y-o-y.

CyRiSo, new specialist cyber security company established by Vienna Insurance Group

Vienna Insurance Group (VIG) has announced the creation of Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company with the small and medium-sized companies as primary target group. CyRiSo provides comprehensive support to reduce cyber risks and to prevent and resolve any damage caused by cyber attacks.

EIOPA: overview of the insurance and pensions sectors in Europe; role and priorities

In Europe, more than 92% of people have an insurance policy while over 25 million people pay into an occupational pension scheme. Moreover, insurance and pension funds are also Europe’s largest institutional investors, together managing assets of around approximately EUR 12 trillion. This is the way a recent material released by EIOPA summarizes the position held by insurers and pension fund managers in the European landscape.




STATISTICS: KAZAKHSTAN, 3Q2024: life insurance grows by more than 95%

For the period from January to September 2024, Kazakhstan's insurance sector grew by 40.12%, reaching KZT 1,210.27 billion (EUR 2.26 billion). Insurers' paid claims increased by 23.37% to KZT 240.92 billion (EUR 450.36 million), as shown by data published by the National Bank.