News - Insurance
SEE top insurers saw premium growth slow down and even declines in 2024
GWP growth of most of Southeast Europe’s top insurers slowed down last year amid ongoing global geopolitical instability and regional economic pressures. In 2024, SEE top 100 insurers reported total GWP worth EUR 13.4 billion combined, up from EUR 12.4 billion the previous year, which represented a 7.7% y-o-y increase, slowing down from a 16.7% rise in 2023, SeeNews reports.
UKRAINE: Drought and heat have been causing the most damage to farmers for the second year in a row
Agricultural enterprises received UAH 245.9 million (~EUR 5.07 million) for damage from adverse weather conditions under the "Meteoprotection 2025" program, implemented by Syngenta (a developer of protection for crops and seeds) and INGO insurance company, Forinsurer writes.
Zurich delivers strong top-line growth in the first nine months
Zurich Insurance Group (Zurich) continued to deliver strong top-line growth in the first nine months of the year. With a diversified business and robust balance sheet, Zurich is well positioned to capture future growth opportunities and generate attractive long-term returns, the Group said in its press release.
Fitch affirms Generali's IFS Rating at ‘AA-‘
Fitch Ratings has affirmed Generali and its core subsidiaries' Insurer Financial Strength (IFS) Ratings at 'AA-'. The agency has also affirmed Generali's Long-Term Issuer Default Rating (IDR) at 'A+'. The Outlooks are Stable.
EIOPA supports the NGFS Declaration on the Economic Cost of Climate Inaction
As an active member of the Network for Greening the Financial System (NGFS), the European Insurance and Occupational Pensions Authority (EIOPA) announced the release of the NGFS Declaration on the Economic Cost of Climate Inaction on the occasion of the 2025 United Nations Climate Change Conference (COP30) in Belém, Brazil.
Generali Romania celebrated 190 years of history with a Gala Event at the Palace of Parliament in Bucharest
On November 4, Generali Romania marked 190 years since the opening of its first agency on the territory of modern Romania, celebrating the milestone through a special event held at the Palace of Parliament in Bucharest.
Two weeks to the 2025 Insurance Conference of the Republic of Moldova - Chisinau
On 18 November, the 2025 Insurance Conference of the Republic of Moldova will bring together in Chisinau policymakers, regulators, insurers, and international experts to discuss the country’s progress and priorities in aligning its insurance market with European regulatory standards and building a sustainable, competitive market framework.
STATISTICS: TÜRKIYE 3Q2025: maintaining a steady growth
According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2025 the local insurance market increased by 50.2% y-o-y reaching TRY 856.83 billion (~EUR 17.54 billion). In European currency, due to about 28% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +17.6% y-o-y.
ROMANIA: Three years after its launch, the “Amiabila” App reached over 200,000 users
In a country where traffic tests your reflexes - and patience - every day, a Romanian app developed by the Romanian Motor Insurers’ Bureau (BAAR) is proving that even the most stressful moments on the road can be handled differently: calmly, efficiently, and without the eternal search for a pen.
UNIQA launches Sustainable Business Solutions for Southeast Europe, coordinated from Romania
UNIQA has launched UNIQA Sustainable Business Solutions in Southeast Europe, coordinated from Romania, to help companies strengthen resilience and adaptability amid climate change and increasing regulatory complexity, marking a key milestone in the Group’s regional sustainability and transformation strategy.
CLAIM THE FUTURE Conference– the journey from a cost burden to a strategic advantage
The 2025 edition of the International Conference on Insurance Claims – CLAIM THE FUTURE, co-organized by XPRIMM and Revauxy, took place in Sofia, Bulgaria, bringing together an exceptional lineup of industry leaders and innovators. The conference explored how insurers can transform claims from a cost burden into a strategic advantage — a true driver of customer trust, brand value, and operational excellence.
AIG to acquire renewal rights for a majority of Everest Group Ltd.’s retail insurance portfolios worldwide, representing in aggregate approximately USD 2 billion of premium
American International Group (AIG) has entered into definitive agreements to acquire the renewal rights for a majority of Everest Group Ltd.’s retail insurance portfolios worldwide, representing in aggregate approximately USD 2 billion of premium. Exposure to all liabilities will remain with Everest, who will also continue to administer claims with respect to its policies, AIG said.
AIG to acquire equity stakes in leading global specialty insurer Convex Group and in global asset management company Onex Corporation
American International Group (AIG) will acquire a 35% equity interest for approximately USD 2.1 billion in Convex Group, a leading global specialty insurer with exceptional underwriting capabilities. According to the press release, AIG will participate in a whole account quota share of Convex’s business from January 1, 2026.
Aon delivers another quarter of strong performance with 7% total revenue growth and 7% organic revenue growth
Aon, a leading global professional services firm, delivered another quarter of strong performance, including 7% total revenue growth and 7% organic revenue growth. According to the report, Aon continues to execute its United strategy through the 3x3 Plan to meet client demand.
AXA records solid performance in the first nine months of 2025
In 9M2025 AXA’s total gross written premiums and other revenues were up 7% to EUR 89.4 billion, Property & Casualty premiums were up 5% to EUR 46.2 billion, Life & Health premiums were up 9% to EUR 42.3 billion, AXA said in its “9M25 Activity Indicators” report.
AZERBAIJAN: Azerbaijan and Türkiye sign a Memorandum of Understanding to strengthen cooperation in insurance industry
Azerbaijan and Türkiye have signed a Memorandum of Understanding (MoU) on strengthening mutual cooperation in the insurance sector, according to the Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, Trend reports.
GREECE: Greek market sees a 4.8% increase in January – August 2025
GWP in Greece, according to the data of the survey conducted among 46 insurance companies for the period January to August 2025, saw an overall increase of 4.8% y-o-y, amounting to EUR 3.89 billion, insurancedaily.gr reports.
KAZAKHSTAN: S&P upgrades Nomad Life to BBB- with Positive Outlook
S&P Global Ratings has upgraded Nomad Life, Kazakhstan's largest life insurance company, to BBB- with a positive outlook. The company has thus achieved the same level as the sovereign rating of the Republic of Kazakhstan (BBB-/Positive), the insurer reports.
KBC’s capital is well above the new minimum capital requirements
Following the Supervisory Review and Evaluation Process (SREP) performed for 2025, the fully loaded overall CET requirement for KBC Group (under the Danish Compromise) has been lowered from 10.88% as of 4Q24 (SREP 2024) to 10.85% as of 3Q25 (SREP 2025), according to the Group’s press release.
SCOR achieves a strong quarter driven by all business activities
SCOR records EUR 217 million net income (EUR 211 million adjusted) in Q3 2025, driven by all business activities. Over the first nine months of 2025, SCOR reports a net income of EUR 642 million (EUR 631 million adjusted), implying an annualized Return on Equity of 19.9% (19.5% adjusted), the company’s press release said.
10 November 2025