News - Insurance
Claims in focus at FIAR 2026: from operational challenge to strategic advantage
The 27th edition of FIAR – The International Insurance-Reinsurance Forum will bring claims management to the forefront through the Claims Insurance Conference, taking place on 24–26 May 2026, in Sinaia, Romania.
Specialized Workshops Series in Insurance & Reinsurance – May 2026
Join an exclusive series of intensive workshops organized by SorS Academy Belgrade, dedicated to insurance and reinsurance professionals, delivered by top international experts!
STATISTICS: TÜRKIYE 1Q 2026: Market growth kept up with inflation
Total premium generated in the Türkiye insurance market increased in local currency by almost 30.37% during Q1 2026 to TRY 396.4 billion (EUR 7.78 billion), according to data released by the Insurance Association of Turkey (TSB). The growth pace slowed as compared with the previous year but remained still very high.
In European currency, as a result of the devaluation of the Turkish lira in relation to the euro, the overall market growth rate was +4.2%. It is also worth noting that the market grew quasi at the same pace with inflation, which in the beginning of 2026 was one of lowest in recent times, in the range 30%-32%.
Q1 2026 non-life insurance premiums grew by 27.58% in nominal terms to TRY 339.97 billion or EUR 6.67 billion. Life insurance premiums increased by 50.13% y-o-y to TRY 56.45 billion (~EUR 1.1 billion).
Of the 66 active members of TSB, the company which generated the largest premium volume was the non-life state-owned Türkiye Sigorta with a 13.57% market share - GWP of TRY 53.8 billion, followed by Allianz Sigorta (market share of 10.68%) and Anadolu Anonim Turk Sigorta Sirketi (7.46%).
Access xprimm.com and download the Turkish insurance market statistics.
In European currency, as a result of the devaluation of the Turkish lira in relation to the euro, the overall market growth rate was +4.2%. It is also worth noting that the market grew quasi at the same pace with inflation, which in the beginning of 2026 was one of lowest in recent times, in the range 30%-32%.
Q1 2026 non-life insurance premiums grew by 27.58% in nominal terms to TRY 339.97 billion or EUR 6.67 billion. Life insurance premiums increased by 50.13% y-o-y to TRY 56.45 billion (~EUR 1.1 billion).
Of the 66 active members of TSB, the company which generated the largest premium volume was the non-life state-owned Türkiye Sigorta with a 13.57% market share - GWP of TRY 53.8 billion, followed by Allianz Sigorta (market share of 10.68%) and Anadolu Anonim Turk Sigorta Sirketi (7.46%).
Access xprimm.com and download the Turkish insurance market statistics.
COB highlights “Vision Zero” as a roadmap towards eliminating road fatalities
The Council of Bureaux (COB) has published an analysis explaining the concept of “Vision Zero”, the international road safety strategy aimed at eliminating deaths and serious injuries in road traffic by 2050.
Swiss Re appoints Dean Galligan as Head Transactions Life & Health Reinsurance
Swiss Re appointed Dean Galligan as Head of Transactions for the Life & Health Reinsurance (L&H Re) Business Unit, effective 1 August 2026. This newly created role will bring together L&H Re's global teams engaged in structuring complex capital and balance sheet solutions and longevity reinsurance.
SCOR, 1Q2026: solid performance, with all business activities contributing to a RoE of 21.7%
SCOR recorded a net income of EUR 225 million (EUR 220 million adjusted by excluding the mark to market impact of the option on own shares) in Q1 2026, supported by all business activities.
Storms wreak havoc in Romania: damages to 15 homes and 15 cars compensated daily
In early 2026, storms in Romania are no longer exceptional disruptions but a recurring operational and financial risk. The combination of rising frequency and low insurance penetration continues to widen the protection gap, making resilience a central issue for the market.
Swiss Re, Q1 2026: net income of USD 1.5 billion and ROE of 23.6%
Swiss Re achieved a net income of USD 1.5 billion and a return on equity (ROE) of 23.6% for Q1 2026. The result was driven by increased contributions from all Business Units, supported by low natural catastrophe experience and a strong investment contribution.
Ukraine seeks EUR 5 billion annual war risk cover for recovery efforts
Ukraine requires more than EUR 5 billion annually in war risk insurance to unlock private investment and support the country’s reconstruction efforts, according to Economy Minister Oleksiy Sobolev.
STATISTICS: ARMENIA, 1Q2026: Motor insurance generates over 52% of total GWP
Armenia's insurance sector totaled AMD 21.46 billion (EUR 49.67 million) in the first quarter of 2026, up 2.57% year-on-year. In European currency, market growth was rather modest (+0.56%). Paid claims, however, saw double-digit growth (+23.11%), reaching AMD 12.63 billion (EUR 29.23 million), according to data of the Financial Rating of Insurance Companies provided by ArmInfo.
AXA renews mandate of Thomas Buberl for a four-year term
The Shareholders’ Meeting of AXA overwhelmingly voted in favor of the renewal of the mandate of Thomas Buberl for a four-year term, following which the Board of Directors reappointed him as Chief Executive Officer until the end of his mandate, AXA announced.
Eric Andersen to become AIG’s next Chief Executive Officer
Effective June 1, 2026, Eric Andersen will become President and Chief Executive Officer of AIG and join the AIG Board of Directors and Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company’s previously announced leadership transition plan, the AIG Board of Directors announced.
AIG enters 2026 with significant momentum and delivered outstanding first quarter results
For the first quarter of 2026, net income attributable to AIG common shareholders was USD 763 million, compared to net income of USD 698 million in the prior year quarter, AIG reported.
Aon reports a strong start to the year
Total revenue of Aon in the first quarter increased 6% to USD 5.0 billion compared to the prior-year period, reflecting 5% organic revenue growth and a 4% favorable impact from foreign currency translation, partially offset by a 3% unfavorable impact primarily from divestitures.
ARMENIA: Insurance sector tax payments rise nearly 62% y-o-y in 1Q2026
Four insurance companies – INGO, LIGA Insurance, Nairi Insurance, and Sil Insurance – has been included in the list of Armenia's top 1,000 taxpayers in the first quarter of 2026, according to data from the State Revenue Committee, ArmInfo reports.
AZERBAIJAN: Insurance market net profit down 32% in 1Q2026
In the first quarter of 2026, total net profit of the Azerbaijani insurance market fell significantly year-on-year, by 32%, to AZN 15.81 million (~EUR 8.10 million), ABC.AZ reports.
AZERBAIJAN: Trend: The insurance sector entered a more complex and diversified phase
The insurance sector of Azerbaijan has entered a dynamic development phase in recent years, both in terms of structure and financial indicators. FY2025 data show that the market, in addition to having an already formed institutional framework, retains the potential for growth and deepening, Trend writes.
BULGARIA: Nina Kolchakova: there’s an increase in property insurance consumption, but also a jump in compensation paid
According to Nina Kolchakova, Secretary General of the Association of Bulgarian Insurers, there has been great challenges in the last 4-5 years, which have changed people's thinking and attitude, including towards insurance, the Association of Bulgarian Insurers (ABZ) wrote.
CROATIA: Croatia osiguranje’s net profit rises 6.8% in the first quarter
Croatia osiguranje, the leading non-life insurer in the country, ended the first quarter of 2026 with growth in revenue and profit and strong strides in business digitalization.
GREECE: NatCat Summit 2026 to focus on critical issues affecting economies and societies
On June 10, 2026, the NatCat Summit 2026, the premier dialogue meeting on natural disasters, risk management and resilience strategy in Greece and the region, will take place.
7 May 2026