TOP NEWS
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by Marina MAGNAVAL, 2025-01-27
Aon, a leading global professional services firm, published its 2025 Climate and Catastrophe Insight report, which identifies global natural disaster and climate trends to quantify the risk and human impact of extreme weather events in 2024.
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by Marina MAGNAVAL, 2025-01-27
Vienna Insurance Group (VIG) is further expanding its market positioning in Albania. According to the Group’s press release, Vienna Life’s Corporate license was granted from the Albanian Financial Supervisory Authority on 24 December 2024.
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by Media XPRIMM, 2025-01-29
The inaugural edition of ReConnext, an all-inclusive reinsurance networking event, will take place on February 16-19, 2025, at the Titanic Mardan Palace Hotel in Antalya. The event organized by Confera Event Partners and IUC Group is launching a completely new “all-inclusive event concept” of purely international nature.
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by Marina MAGNAVAL, 2025-01-27
According to Vesselin Angelov, member of the Board of Directors of the Association of Bulgarian Insurers (ABZ), about 85% of people in Bulgaria live in their own homes, but only about 8% of them are insured. However, in recent years, a positive trend has been observed - the share of insured homes is gradually increasing, ABZ writes.
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by Daniela GHETU, 2025-01-29
In 2024, Croatian insurers paid out a total of EUR 1.3 billion in claims, 8.3% up y-o-y, HANFA, the market authority, said. On an annual basis, the total collected premium increased by 9.9%, 11.2% for non-life and 4.2% for life insurance. The total premium collected amounted to EUR 1.9 billion
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by Daniela GHETU, 2025-01-30
Croatia’s leading insurance and reinsurance brokerage, Fortius Inter Partes, has acquired Link Insurance Brokers, a company active in the market since 2017, further solidifying its position as the market leader, Fortius announced.
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by Marina MAGNAVAL, 2025-01-27
ERGO Hestia has been awarded the prestigious Top Employer Polska 2025 certificate. This is the fourth title in a row, placing ERGO Hestia among the best employers in Poland, the company said in its press release.
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by Daniela GHETU, 2025-01-29
The Bucharest-Ilfov development region, comprising Romania’s capital and its surrounding county, remains the national leader in voluntary home insurance coverage. Nearly 3 in 10 homes in this region—representing 29% of the total—are protected by insurance policies against risks such as fires, natural disasters, explosions, storms, and theft.
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by Marina MAGNAVAL, 2025-01-27
Dutch insurer Achmea will offer online insurance in Spain and Romania. In Spain, Achmea will operate under the brand name InShared and in Romania under the brand name Anytime, the insurer said in its press release.
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by Daniela GHETU, 2025-01-29
Groupama, the leader of Romania's insurance market and the largest employer in the country’s insurance industry, has been awarded the prestigious "Top Employer" certification for the eighth consecutive year by the Netherlands-based Top Employer Institute, the global authority in employer excellence.
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by Marina MAGNAVAL, 2025-01-27
In 2024, MTPL loss ratio in Armenia increased from 71.7% to 81.8% driven by deterioration in the annual dynamics of the number of active contracts - from a 11.7% increase a year earlier to a 0.7% decline, moderate GWP growth and double-digit growth in paid claims, according to data from the Bureau of Motor Insurers of Armenia, ArmInfo writes.
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by Marina MAGNAVAL, 2025-01-27
According to the Chairman of Insurance State Supervision Service of Georgia David Onoprishvili, vehicle owners in Georgia may be required to purchase third-party liability insurance. This project will be submitted to parliament immediately after the opening of the spring session, will be adopted before July 1, 2025, and will enter into force on January 1, 2026, Sputnik Georgia reports.
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by Marina MAGNAVAL, 2025-01-27
Eurasia Insurance Company, one of the market leaders, has received a notification about property damaged by large-scale wildfires in California. According to the company, Eurasia's share of liability in the loss under the reinsurance program may exceed USD 4.6 million, Allinsurance.kz reports with reference to the insurer.
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by Marina MAGNAVAL, 2025-01-27
Insurance companies' paid claims for the first 9 months of 2024 for 95.8% were non-life (MDL 862.4 million/EUR 44.33 million), while the remaining 4.2% were life insurance indemnities, bizlaw.md writes based on data from the National Bank of Moldova (NBM).
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by Marina MAGNAVAL, 2025-01-27
TAS Insurance Group became the leader in the Ukrainian market for all the key indicators at the end of 2024, according to the National Association of Insurers of Ukraine (NAIU), Forinsurer reports.
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by Marina MAGNAVAL, 2025-01-27
The Ministry of Justice of the Republic of Uzbekistan has approved the procedure for determining and maintaining the rating of insurers, developed by the National Agency for Prospective Projects (NAPP). The document sets clear criteria for assessing the quality of services provided by insurance companies.
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by Media XPRIMM, 2025-01-29
The International Association of Insurance Supervisors (IAIS) has published its 2025-2026 Roadmap, outlining the projects and activities that will shape its work program over the next two years. This plan aligns with the IAIS' newly adopted Strategic Plan for 2025-2029 and underscores a renewed emphasis on the consistent global implementation of its supervisory standards.
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by Media XPRIMM, 2025-01-29
Apollo, an innovative integrated insurance group, has announced a long-term strategic partnership with WNS, a leading digital transformation and business services provider. The collaboration aims to enhance Apollo’s third-party syndicate partnership business by leveraging WNS’s cutting-edge technology, data solutions, and specialized industry expertise.
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INSURANCE EUROPE NEWS
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by Daniela GHETU, 2025-01-30
The Digital Operational Resilience Act (DORA), adopted by the EU in December 2022, establishes a standardized cybersecurity framework for the financial sector, including insurers. It replaces the uneven application of the previous NIS1 directive, ensuring consistent cybersecurity requirements across all European insurers.
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EIOPA NEWS
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by Daniela GHETU, 2025-01-30
The European Insurance and Occupational Pensions Authority (EIOPA) has recommended updates to how insurers calculate natural catastrophe risks, citing new climate data and advanced risk modeling, an article published on the institution’s website explains.
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STATISTICS
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by Daniela GHETU, 2025-01-30
The insurance market of Serbia ended the first three quarters of 2024 with aggregate GWP worth RSD 132.57 billion (~EUR 1.13 billion, up by 14.67% y-o-y), of which non-life insurance - RSD 109.13 billion (+15.86%), while the life insurance segment totaled RSD 23.44 billion, up by 9.44% y-o-y.
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by Daniela GHETU, 2025-01-30
Gross written premiums amounted to EUR 39.2 billion at regional level, up by 10.57% y-o-y. Yet, one should keep in mind that results for 3Q for Bulgaria and Bosnia & Herzegovina are not yet available. The GWP overall figure was calculated using the results of the two markets for the first half of 2024.
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ON THE MOVE
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by Marina MAGNAVAL, 2025-01-27
WTW, a leading global advisory, broking and solutions company, announced the appointment of Hugo Wegbrans as Head of Corporate Risk and Broking (CRB) Europe and Simon Delchar as Global Head of Placement, the company said in its press release.
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by Media XPRIMM, 2025-01-30
SCOR announced the appointment of Arta Nasradini as Head of Aviation at SCOR P&C, with effect from 1 February 2025. Arta will be based in Zurich and will be part of the Reinsurance Specialty Lines management team, reporting to Head of Specialty Lines Eric Jenck.
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by Marina MAGNAVAL, 2025-01-27
SCOR announced the appointment of Henry Mummé-Young as Chief Underwriting Officer, SCOR UK, and Active Underwriter for SCOR Syndicate 2015, subject to regulatory approval. Henry replaces Marie Biggas, who has been promoted to the role of CUO SCOR Business Solutions & FAC, the company said.
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by Daniela GHETU, 2025-01-29
Arch Insurance International (Arch) has today announced the promotion of Michael O’Neill to Onshore Power & Renewables Underwriting Manager, effective immediately, as part of the company’s expansion of its open market renewable energy property business.
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EVENTS
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CURRENT XPRIMM REPORTS
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