News - Insurance
STATISTICS: CEE 1H2926: Insurance premiums grew by 7.7%, but rising claims costs put pressure on profitability
The insurance markets of Central and Eastern Europe (CEE) recorded gross written premiums of EUR 31.47 billion in the first half of 2026, up 7.73% year-on-year, according to XPRIMM calculations based on national supervisory data. Claims paid increased by 7.59%, reaching EUR 15.32 billion, although the regional total is incomplete due to reporting gaps.
15 October 2026CZECHIA: Economic losses from drought could reach CZK 50 billion, insurers warn
The wider economic impact of severe drought in Czechia could reach CZK 30–50 billion, according to estimates presented by the Czech Insurance Association (ČAP). The association warns that the true cost of drought extends far beyond direct agricultural and forestry losses, affecting supply chains, investment, productivity and the environment.
15 October 2026UNSAR: 88% of Romanians know how to react to an earthquake, but only 44% have an emergency plan
Although 88% of Romanians say they know how to react in the event of an earthquake, only 44% have discussed and prepared an emergency plan with their families, while just 40% have a first-aid kit, according to a recent survey conducted by IRES on behalf of the National Union of Insurance and Reinsurance Companies of Romania (UNSAR).
15 October 2026The Actuarial Association of Europe elected its new leading team
The General Assembly of the Actuarial Association of Europe elected Hartwig Sorger, President of the Austrian Actuarial Association as Chairperson for one year, until the 2027 General Assembly. Hartwig has served on the Board since 2023 and as Honorary Treasurer since 2024.
15 October 2026VIG: Raised outlook for full year 2026
Based on the positive business performance exceeding expectations to date and an initial assessment of the NÜRNBERGER Group’s contribution to profits in the 2026 financial year, Vienna Insurance Group (VIG) anticipates that the Group’s result before taxes will exceed the previously communicated range.
15 October 2026AZERBAIJAN: Lala Safarova appointed Head of the Prudential Supervision Methodology Department for insurers at the Central Bank
Lala Safarova has been appointed Head of the Prudential Supervision Methodology Department for Insurers at the Central Bank of Azerbaijan. In her new role, she will be responsible for developing proactive, risk-based supervision mechanisms and fostering a more resilient and robust insurance sector in the country.
13 October 2026Marko Jazbec reappointed as CEO by Sava Re supervisory board
The Sava Re supervisory board reappointed Marko Jazbec as the chairman of the management board for a further term, the Group said on its website.
13 October 2026BULGARIA: Best insurance companies honored with awards on the Insurer's Day
The best companies in insurance and pension insurance were awarded for their activities at a ceremony on the occasion of the Insurer's Day - October 1. The traditional annual awards were presented for the 18th consecutive year: "Insurer of the Year", "Pension Insurance Company of the Year" and "Insurance Broker of the Year".
13 October 2026BULGARIA: Fitch revises Euroins outlook to Positive and affirms its IFS Rating at BB-
Fitch Ratings has revised the outlook on the largest Bulgarian insurer by revenue - Euroins AD, to Positive from Stable and affirmed the IFS Rating at 'BB-'.
13 October 2026CROATIA: 2026 Golden Kuna went to Croatia Osiguranje
The most successful Croatian companies for their business results in 2025 were awarded the Golden Kuna, an award from the Croatian Chamber of Economy for excellence in business. Among insurance companies the most successful insurance company is Croatia osiguranje.
13 October 2026KAZAKHSTAN: Single Financial Ombudsman Service established; operations to begin January 1, 2027
On September 30, 2026, the Council of the Financial Ombudsman Service elected the Chief Financial Ombudsman as well as ombudsmen for the banking, microfinance, insurance, and securities sectors, reports Allinsurance.kz, citing the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan.
13 October 2026KAZAKHSTAN: In Jan-Aug, GWP up about 12%, while paid claims rise nearly 29%
GWP in Kazakhstan totaled KZT 1,241.3 billion (~EUR 2.40 billion) from January to August 2026, an increase of 11.8% y-o-y.
13 October 2026MONTENEGRO: In Jan-July the market rose to EUR 102 million
Total GWP of insurance companies operating in Montenegro increased to EUR 102 million in the first seven months of 2026 from EUR 89 million in the corresponding period of 2025, according to the country’s Insurance Supervision Agency (ANO), SeeNews reports.
13 October 2026UZBEKISTAN: State health insurance system rollout completed
On October 1, Uzbekistan completed the phased rollout of its state health insurance system across all regions of the country, according to Sayyora Shoeva, head of the information service at the State Health Insurance Fund.
13 October 2026VIG: The Ukrainian USG participates in the war risk insurance facility established by Aon and the EBRD
The Ukrainian property and casualty insurer USG is joining the "Ukraine Recovery and Reconstruction Guarantee Facility" (URGF) established by Aon and the European Bank for Reconstruction and Development (EBRD). The facility provides additional reinsurance capacity for war-related risks and supports the continued availability of insurance coverage for Ukrainian companies.
13 October 2026STATISTICS: ROMANIA 1H2026: Insurance market grows 15% in 1H2026, while brokers distribute 68% of premiums
The Romanian insurance market maintained strong growth in 1H 2026, with total gross written premiums (GWP), including business written by branches, reaching approximately EUR 2.7 billion, up 11.8% y-o-y in European currency.
8 October 2026Allianz announced new CEO appointments at Allianz Partners and Allianz Direct
Allianz Group has announced new Chief Executive Officer (CEO) appointments at Allianz Partners and Allianz Direct, ensuring continuity and growth momentum following Tomas Kunzmann’s appointment to the Allianz SE Board of Management.
8 October 2026CYPRUS: 98% of losses from extreme weather events in Cyprus uninsured
According to the interim report for 2026 of the Fiscal Council, the historical uninsured rate of direct potential economic losses from extreme weather and climate events is estimated at 98% for the period from 1980 to 2024.
8 October 2026KAZAKHSTAN: Growth in life insurer profitability stalled in the first half of 2026
After several years of rising financial results, the profits of life insurance companies declined in the first half of 2026, with "regulatory profit" dropping several-fold. Furthermore, three major market players ended the first half of the year with a loss.
8 October 2026MOLDOVA: Market has growth potential but relies heavily on motor insurance
GWP reached MDL 3.54 billion in the second quarter of 2026. Meanwhile, insurance penetration stood at approximately 0.9% of GDP in 2025. Although the nominal market volume has nearly doubled from 2019, the share of insurance in the economy remains low, noted Veaceslav Ioniță, an economic policy expert at IDIS Viitorul.
8 October 2026
