News - Insurance
STATISTICS: GREECE 1H2026: Growth slows down but still remains in double-digit territory
According to the 1H 2026 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of June 2026, the Greece insurance market totaled at EUR 3.25 billion, 12.15% up y-o-y, remaining on a positive trend although at a lower pace than in Q1.
According to data, the Greek life insurance segment continued the strong revival trend seen in Q1, increasing by 20% y-o-y to EUR 1.59 billion. The “Life insurance linked to investment funds” line continued providing for most of the growth in the life insurance business, recording a 26% increase in premiums. The non-life insurance subclasses expanded by 5.5% y-o-y to EUR 1.67 billion. In absolute terms, the largest part of the non-life premiums growth came from the MTPL line, followed by the “Fire and natural forces” class.
Of the 43 insurance enterprises, 26 were established in Greece in the form of S.A. Insurance Company, 1 in the form of mutual insurance cooperative, 12 as branches of foreign insurance enterprises and 4 European insurance enterprises operating under the FOS status.
Access xprimm.com and download the Greek insurance market statistics.
According to data, the Greek life insurance segment continued the strong revival trend seen in Q1, increasing by 20% y-o-y to EUR 1.59 billion. The “Life insurance linked to investment funds” line continued providing for most of the growth in the life insurance business, recording a 26% increase in premiums. The non-life insurance subclasses expanded by 5.5% y-o-y to EUR 1.67 billion. In absolute terms, the largest part of the non-life premiums growth came from the MTPL line, followed by the “Fire and natural forces” class.
Of the 43 insurance enterprises, 26 were established in Greece in the form of S.A. Insurance Company, 1 in the form of mutual insurance cooperative, 12 as branches of foreign insurance enterprises and 4 European insurance enterprises operating under the FOS status.
Access xprimm.com and download the Greek insurance market statistics.
STATISTICS: LATVIA, 1H2026: Paid claims grew much faster than premiums, driven by property insurance claims related to the winter weather
Latvian insurers ended H1 2026 with gross written premiums (GWP) worth EUR 748.33 million, 10.17% up y-o-y. Life insurance accounted for almost 20% of this total, while motor insurance is the business segment with the largest participation to the market portfolio (27.44%). At the same time, the amount of claims paid increased even more rapidly – by 17.6 %, reaching EUR 433 million.
EU insurers remain strong, but reinsurance, NatCat and cyber risks move into focus
European insurers remain financially sound, with stable solvency levels and broadly resilient profitability, but geopolitical uncertainty, external dependencies, natural catastrophes and rapidly evolving technology risks are reshaping the sector's risk landscape, according to the Autumn 2026 update on risks and vulnerabilities in the EU financial system, published by the Joint Committee of the European Supervisory Authorities (ESAs).
Vienna Insurance Group acquires a stake in Dolphin Technologies and expands its telematics offering in CEE
Vienna Insurance Group (VIG) has acquired a 25% stake in Vienna-based Dolphin Technologies, strengthening a partnership launched in 2022 to drive forward AI-powered telematics within the Group. The investment will support the further development of AI-powered telematics and expand VIG’s use of telematics solutions across the CEE region.
AIG: Jon Hancock to retire as Executive Vice President and Chief Executive Officer, General Insurance
Jon Hancock will retire as Executive Vice President and Chief Executive Officer, General Insurance and transition to the role of Senior Advisor effective December 31, 2026, following more than six years in executive leadership roles at AIG and a distinguished, 40-year career in the insurance industry, American International Group (AIG) announced.
Christos Adamantiadis appointed as Global Head of Placement and Market Solutions, Marsh Risk
Christos Adamantiadis has been appointed as Global Head of Placement and Market Solutions, Marsh Risk, effective November 1, 2026, Marsh announced.
HUNGARY: MABISZ elects its new Secretary General
The Executive Board of the Association of Hungarian Insurers (MABISZ) elected Dr. Csaba Kerékgyártó as the new Secretary General of the Association on September 16, 2026. He has been holding the position on an interim basis since July 1, 2026, following the retirement of Dr. Dániel Molnos.
Matt Stadler to become CEO and John Stanchina to become President of Marsh Agency
Marsh, a leading global professional services firm, has announced that Matt Stadler will become CEO of Marsh Agency, on January 1, 2027. He succeeds David Eslick, who will continue as Chairman.
Sean Ringsted named Chief Scientist and Executive Vice President, Chubb Group
Sean Ringsted has been named Chief Scientist and Executive Vice President, Chubb Group, effective immediately, Chubb Limited announced.
Tom Geraghty appointed as CEO, Marsh Europe
Tom Geraghty has been appointed as CEO, Marsh Europe, effective November 1, 2026, Marsh, a leading global professional services firm, announced.
Allianz Partners and Waymo announce strategic collaboration for autonomous vehicle insurance and safety research solutions focusing on Europe
Allianz Partners, a global leader in B2B2C insurance and assistance services within Allianz Group, and Waymo, a leading autonomous driving technology company, have announced a strategic collaboration to develop an integrated ecosystem across insurance, claims, and safety research solutions supporting Waymo´s service expansion.
ARMENIA: MTPL loss ratio declines, yet policy prices rise
In Armenia, the MTPL loss ratio fell to 73.2% during the January–August 2026 period, down from 74% for the same period in 2025.
AXA increases its ambition announcing 2027-2029 strategy and financial targets
AXA aims to leverage its industry‑leading margins, strong balance sheet and well‑diversified multi‑line model to drive market share gains and sustained earnings growth, as the company announces its 2027-2029 strategy and financial targets.
AZERBAIJAN: Central Bank becomes UNDP Sustainable Insurance Forum member
The Central Bank of Azerbaijan (CBA) has been admitted as a member of the United Nations Development Programme (UN DP) Sustainable Insurance Forum (SIF), Trend reports, citing the CBA.
Bosnia and Herzegovina: In January-August, business of insurers from Bosnia's Serb Republic expands 5.8%
Insurance companies in Bosnia and Herzegovina’s Serb Republic in the first eight months of 2026 generated GWP worth BAM 277.3 million (EUR 141.8 million euro), up 5.8% year-on-year, according to the entity's insurance regulator, SeeNews reports.
KAZAKHSTAN: Draft law on the insurance market developed
The Agency for Regulation and Development of the Financial Market, in collaboration with relevant government bodies, has developed draft laws of the Republic of Kazakhstan "On the insurance market" and "On amendments to certain laws of the Republic of Kazakhstan on regulation and development of the insurance market", reports Allinsurance.kz.
KAZAKHSTAN: Eurasia becomes the first insurance company in Kazakhstan to receive an A− rating from AM Best
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Eurasia Insurance Company JSC (Eurasia) (Kazakhstan). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
UZBEKISTAN: Life insurers' liabilities surge nearly 35-fold in the first half of the year
Total insurance liabilities of the market participants in Uzbekistan rose by 48.2% in the first half of 2026, reaching UZS 4.415 trillion (~EUR 0.32 billion).
AXA launches Safe Cyber Space, an online risk prevention program for youth
AXA announces the launch of Safe Cyber Space, an initiative aimed at raising awareness and equipping teenagers, their parents, and educators to face digital challenges, amid rising online risks.
EU announces the launch of a climate insurance scheme after summer of extreme weather
The European Union will create a "climate insurance alliance" to increase cover for extreme weather events, European Commission President Ursula von der Leyen said on 16 September, as the bloc emerges from a summer of drought, wildfires and heatwaves, Reuters reported.
24 September 2026