News - Insurance
AZERBAIJAN: Insurance sector assets rise 4.5% in the first half of the year
Insurance sector assets grew by 4.5% in the first half of 2025, reaching AZN 2.14 billion (~EUR 1.07 billion). Government securities make up the largest share - 40% of assets (AZN 856 million), followed by bank funds (28% or AZN 600 million), ABC.AZ reports, citing Central Bank data.
BULGARIA: Fitch upgrades IFS rating of Euroins to 'BB-', outlook stable
Fitch Ratings has upgraded Insurance Company Euroins AD's, the main operating entity of Bulgarian Euroins Insurance Group AD (Euroins), Insurer Financial Strength (IFS) Rating to 'BB-', from 'B+'. The Outlook is Stable, the rating agency said in its report.
CYPRUS: Fairfax to acquire 45% of ERB Insurance
The entry of Fairfax Financial Holdings Limited into the share capital of ERB Insurance, the general insurance company of Eurobank Limited in Cyprus, is expected to bring new dynamics to the Cypriot insurance sector, cyprusinsurancenews.com reports.
Marsh McLennan generates 11% revenue growth in 3Q demonstrating solid quarter results
Consolidated revenue of Marsh in the third quarter of 2025 was USD 6.4 billion, an increase of 11% compared with the third quarter of 2024, or 4% on an underlying basis. Operating income rose 6% to USD 1.2 billion.
Marsh McLennan to change its brand to Marsh effective January 2026
Marsh McLennan will change its brand to Marsh effective January 2026, and it has created a new unit, Business and Client Services (BCS), to accelerate innovation and centralize investments in operational excellence, data, AI and analytics, the company said in its press release.
MOLDOVA: From January to September, social insurance budget revenues reached almost 78% of the annual plan
From January to September this year, the state social insurance budget recorded total revenues of MDL 37.7 billion (~EUR 1.95 billion), which means 77.8% of the annual plan, IPN reports.
MONTENEGRO: Non-life insurance market demonstrates resilience to market shocks in the MTPL segment - the stress test shows
The results of a stress test, conducted by Insurance Supervision Agency, indicate that Montenegrin non-life insurance companies have satisfactory resilience and capital stability in conditions of a hypothetical drop in third party liability insurance premiums of 5%, 10% and 15%.
POLAND: Euroins to expand its operations in Poland
Bulgarian company Euroins wants to expand its operations in Poland by opening a full-fledged branch in the country. The company also announced entering new distribution channels and expanding its product portfolio, Gazeta Ubezpieczeniowa (Insurance Gazette) writes citing XYZ.com.
PZU in partnership with the startup simpl.rent implements an innovative solution
PZU is establishing a new partnership with the startup simpl.rent and implementing a tool that facilitates implementation of dedicated insurance programs tailored to selected customer groups. This innovation is a part of the PZU Ready for Startups program, PZU said in its press release.
TURKIYE: The supply problem in traffic insurance has been largely overcome, yet cost challenges persist
The supply problem in compulsory MTPL, also called traffic insurance, has been largely overcome, according to Mr Ahmet Yasar, president of Maher Holding Insurance Group, Middle East Insurance Review writes.
UZBEKISTAN: The market rises 28% y-o-y from January to August
According to the National Statistics Committee, Uzbeks spent UZS 7.7 trillion (~EUR 0.53 billion) on insurance from January to August 2025, which is UZS 1.7 trillion more than in the same period last year.
UZBEKISTAN: O‘ZBEKINVEST demonstrates significant growth in key financial indicators in 9M2025
In the first 9 months of 2025, GWP of O‘ZBEKINVEST, a top-three non-life insurer, achieved UZS 1,178 billion (~EUR 83.31 million), which indicates a 145% increase year-on-year, according to gazeta.uz.
VIG to publish a voluntary Purchase Offer for up to 100% of the share capital of NÜRNBERGER
On October 17, 2025, Vienna Insurance Group (VIG), the leading insurance group in CEE, concluded a Business Combination Agreement with NÜRNBERGER Beteiligungs-AG (NÜRNBERGER). Based on this Agreement, VIG will make a voluntary public Purchase Offer, offering the shareholders of NÜRNBERGER a price of EUR 120.00 per outstanding NÜRNBERGER share in cash.
WTW launch of Radar 5 represents a major step forward in insurance pricing and underwriting
Built specifically for the insurance industry, Radar 5, the newest version of Radar, market-leading end-to-end rating and analytics software of WTW (Willis Towers Watson), introduces a suite of advanced capabilities, including cutting-edge Generative AI techniques, to provide unprecedented speed and agility for pricing, portfolio management, claims and underwriting, WTW said.
AM Best affirms high ‘A’ credit ratings of Triglav, medium-term outlook is stable
AM Best has reaffirmed the Financial Strength Rating of "A" (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Zavarovalnica Triglav and Pozavarovalnica Triglav Re. All elements of this year's ratings remain at the same level as last year, while the ratings maintain a stable medium-term outlook, Triglav said on its website.
BB2025: Fragmented world calls on (re)insurers to push the boundaries of risk taking
In a world marked by fragmentation, uncertainty, and accelerating change, the (re)insurance industry faces growing expectations to deliver new capacity, smarter capital solutions, and innovative ways to transfer risk. This was the key message emerging from the Baden-Baden Reinsurance Symposium 2025, organized by Guy Carpenter, the global risk and reinsurance specialist and part of Marsh McLennan.
XPRIMM at Baden-Baden 2025: Three editorial premieres for the reinsurance community
Next week, XPRIMM will once again be present at the Baden-Baden Reinsurance Meeting — bringing fresh insights and data from across Central, Eastern and Southeastern Europe, and Eurasia.
Allianz – the only insurers in the Top 100 Interbrand Best Global Brands 2025
Allianz is the only insurance brand ranked in the Top 100 Interbrand Best Global Brands 2025, ranking 27th, after the value of the brand has increased by 20% over the past year to USD 28.2 billion. As compared with 2024, Allianz has moved up two positions in Top 100.
GDV launches Natural Hazards Report, to call on all stakeholders to invest in prevention before risks turn into irreversible damage
When floods, heatwaves, and storms disrupt daily life, we are reminded of our growing vulnerability. Extreme weather is intensifying, causing billions in damage and underscoring the urgent need for prevention, resilience, and smarter adaptation strategies, an article published by the GDV – the German insurers’ association reads.
BB2025: Munich Re reinforces its stabilizing role in Europe
In a world increasingly shaped by climate extremes and geopolitical tension, Munich Re reaffirmed its role as a stabilizing partner for the insurance industry, the German reinsurer said in a pre- Baden-Baden 2025 press release.
22 October 2025