News - Insurance



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.


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. 



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.


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.


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.