News - Insurance
TURKMENISTAN: Insurance sector undergoing gradual modernization
The low-cost insurance market in Turkmenistan is gradually transitioning to a digital format. Key players are already trying to offer online policy purchases through mobile apps, emphasizing speed, convenience, and pricing transparency, without overpaying for agent services, milli-info.com writes.
UKRAINE: 74% of all insurance assets are bank deposits and government securities
The structure of eligible assets of Ukrainian insurers, used to cover insurance reserves, in the first quarter of 2026 demonstrates a high concentration in the most liquid and regulatory-reliable instruments. According to Forinsurer estimation, the total volume of such assets reached UAH 84 billion (~EUR 1.67 billion).
EIOPA’s 2025 Annual Report is public
The European Insurance and Occupational Pensions Authority (EIOPA) has published its Annual Report for 2025. The report details the work of EIOPA and outlines its accomplishments in the past year.
EIOPA: Competitiveness should not come at the expense of financial stability
As Europe seeks solutions to strengthen its global competitiveness, proposals have emerged to give financial supervisors an explicit competitiveness mandate. However, according to a recent article published by the European Insurance and Occupational Pensions Authority (EIOPA), such a move would largely miss the root causes of Europe’s economic challenges.
ITALY: ANIA appoints Andrea Bertalot as Director General
The governance reform process launched by the Italian Insurance Association (ANIA) in 2025 has reached its final milestone with the appointment of Andrea BERTALOT as Director General, a newly established position introduced under the Association’s revised statutes, which entered into force in December 2025.
Aegon CEO Lard Friese appointed Chair of the global association for insurance companies
Aegon CEO, Lard Friese, was appointed Chair of the global association for insurance companies at its spring 2026 board meeting on June 3, the Geneva Association announced, Aegon said on its website.
Jan-Oliver Thofern to retire as CEO of Reinsurance and chairman of the country board for Aon in Germany
Jan-Oliver Thofern, CEO of Reinsurance and chairman of the country board for Aon in Germany, will retire from the firm effective January 1, 2027, Aon, a leading global professional services firm, has announced.
STATISTICS: POLAND 1Q2026: Insurance market remains on growth path, but motor segment faces profitability challenges
The insurance market grew by 7% in the first quarter of 2026. Poles purchased insurance worth PLN 23.9 billion (EUR 5.57 billion), out of which PLN 6.7 billion for life insurance (+13.3%) and PLN 17.2 billion for property insurance (+4.8%). The sector's financial result fell by PLN 80 million to PLN 2 billion (EUR 466.26 million).
STATISTICS: RUSSIA, 1Q2026: Insurance sector net profit decreases by almost a third driven by lower insurance results
From January to March 2026, the insurance market grew by 11.37% to RUB 941.55 billion (EUR 10.07 billion), according to data published by the Central Bank.
Adris Group continued its ambitious three-year investment cycle worth almost EUR 500 million
In the circumstances of geopolitical tensions, increasingly pronounced climate change, the accelerated use of AI, and strong inflationary pressures, Adris Group operated successfully. Revenue, operating profit and net profit grew. Over EUR 180 million were invested and an "ambitious three-year investment cycle" worth almost EUR 500 million continued, said the CEO of Adris Group, Marko Remenar.
AZERBAIJAN: Life insurance rose by nearly 10% from January to April
From January to April of this year, life insurance in Azerbaijan totaled AZN 371.53 million (~EUR 187.64 million), which is 9.9% more y-o-y, Trend reports, citing the Central Bank of Azerbaijan.
CROATIA: Croatia osiguranje shareholders approve EUR 49.1 million in dividends
The shareholders of Croatia osiguranje approved the payment of almost EUR 49.1 million in dividends from profits generated in 2025, osiguranje.hr reported.
Fitch affirms Eurohold Bulgaria at 'B' and removes RWN
Fitch Ratings has affirmed Eurohold Bulgaria AD's (Eurohold) Long-Term Issuer Default Rating (IDR) at 'B’ and removed it from Rating Watch Negative (RWN). The Outlook is Stable.
GEORGIA: Insurance sector net profit up 19% in 1Q2026
In the first three months of this year, net profit in the insurance sector increased by 19.2%, from GEL 26 million to GEL 31 million (~EUR 10 million), Business Georgia reports.
GREECE: NatCat Summit: There’s an urgent need to redefine the country’s strategy against natural disasters
Insurance coverage for natural disaster risks remains below 25% in Europe. In Greece, it has been below 5% since 1980, mainly due to the underestimation of risk by citizens, but also the expectation that the state will always cover any damage, Petra Hielkema, President of the European Insurance and Occupational Pensions Authority (EIOPA), said at the NatCat Summit.
KAZAKHSTAN: Insurance market losses amounted to KZT 2.1 billion in April
Insurance sector assets increased by 5.8% from January to April of this year, to KZT 4.1 trillion (~EUR 7.59 billion), primarily driven by an increase in securities. As of May 1, 2026, securities accounted for the largest share of assets – 73.7% (KZT 3.0 trillion), kapital.kz writes, citing a report from the Agency for Regulation and Development of the Financial Market.
LATVIA: LAA: Over past three years accident insurance in Latvia rose 25%
The accident insurance market has been growing dynamically in all Baltic countries over the past three years. Compared to 2023, premiums or customer contributions has increased by 39% in Lithuania, 25% in Latvia, and 19% in Estonia, according to data compiled by the Latvian Insurers Association (LAA).
Marsh announces collaboration with Cambridge-based Kirontech to accelerate strategy to positively impact societal healthcare
Marsh, a global leader in risk, reinsurance and capital, people and investments, and management consulting, has announced a collaboration with Cambridge-based Kirontech, a claims risk intelligence company that uses AI-enabled technology to strengthen payment integrity and improve patient outcomes.
TURKIYE: Monopoli Sigorta to join Acrisure's international platform
Monopoli Sigorta Aracilik Hizmetleri (Monopoli Sigorta), one of Turkiye's most established insurance brokers, and Acrisure, a leading global insurance and financial services network, have announced a strategic partnership through which Monopoli Sigorta will join Acrisure's international platform, Middle East Insurance Review reports.
UKRAINE: Motor Hull and medical insurance among the largest and most dynamic market segments
Motor Hull in Ukraine remains one of the largest segments of the insurance market. In 1Q2026, insurers continued to expand Motor Hull, despite challenging vehicle operating conditions, rising repair costs, and a high frequency of losses. According to Insurance TOP, Motor Hull exceeded UAH 4 billion (EUR 83.39 million), Forinsurer reports.
22 June 2026