News - Insurance
AZERBAIJAN: Voluntary and compulsory insurance rise in January-August
Voluntary insurance in Azerbaijan totaled AZN 798.21 million (~EUR 401.11 million) in January-August, according to the Central Bank of Azerbaijan, which indicates a 15.2% y-o-y increase, ABC.AZ reports.
Bosnia and Herzegovina: the Insurance Supervision Agency supports a roundtable on liberalization and Fourth Annual EERIA Conference
On October 02, a professional roundtable discussion on the topic of liberalization was held in Sarajevo co-organized by the Insurance Supervision Agency of the Federation of Bosnia and Herzegovina, the Protection Fund of the FBiH and the Association of Insurance Companies in the FBiH.
CYPRUS: Prime Insurance becomes GRAWE Cyprus
After 26 years of strong presence in the Cypriot insurance market and with a clear commitment to strategic growth, Prime Insurance, a leading Cypriot insurer, enters a new chapter with the official presentation of its new brand: Grawe Insurance Company (Cyprus) Ltd., cyprusinsurancenews.com writes.
HUNGARY: After many years of decline, penetration in the Hungarian insurance market is increasing again
After many years of decline, penetration in the Hungarian insurance market is increasing again, thanks to the double-digit increase in premium income in the first half of the year, in which the favorable transformation of the extra-profit tax also plays a major role.
KAZAKHSTAN: MTPL payments rise by almost 12% in the first half of the year
In the first half of 2025, Kazakhstani insurance companies made over 74,000 compulsory motor insurance (MTPL) payments, which is 11.6% more y-o-y, Allinsurance.kz reports citing the press service of the Eurasia insurance company.
Lloyd’s partners with Ireland’s Department of Finance to foster insurtech innovation and promote Irish expertise
Lloyd’s, the world’s leading insurance and reinsurance market for global risk, and Ireland’s Department of Finance announced a new strategic partnership to foster insurtech innovation and promote Irish expertise on a global stage.
POLAND: Polish nuclear pool may be established by the end of 2026
13 insurers are interested in participating in the nuclear risk insurance pool in Poland. The company, that will lead the pool, aims to have it established by the end of next year, as Andrzej Jarczyk, CEO of TUW PZUW, revealed during Energy Days in Katowice, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
TAJIKISTAN: Tajikistan to introduce electronic insurance system in October
Tajikistan will introduce an electronic insurance system on October 22, according to the press service of the National Bank of Tajikistan (NBT), Sputnik writes.
The joint venture of Achmea, Lifetri, and Sixth Street becomes a top-3 player in pension and life insurance
Achmea, Lifetri, and Sixth Street have finalized their strategic partnership in pensions and life insurance. The joint venture, Achmea Pension & Life Insurance NV, operates as a top three player, focusing on sustainable growth, customer focus, and strengthening its position in a dynamic pension landscape.
the company said.
the company said.
The launch of Velogica in Finland marks a significant advancement in SCOR’s shared commitment to digital innovation
SCOR Digital Solutions has announced the successful launch of Velogica, a cloud-based automated underwriting solution, with the strategic partner Aktia Life Insurance in Finland.
TURKIYE: Insurance industry's capital adequacy is at historic highs
The Turkish insurance industry is in its most secure period in terms of capital adequacy, liquidity, risk management and similar indicators, as Mr Davut Mentes, president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) said, Middle East Insurance Review writes.
TURKIYE: S&P revised its outlook on Milli Re to positive from stable and affirmed 'B' rating
On Sept. 26, 2025, S&P Global Ratings revised its outlook on Milli Reinsurans T.A.S. (Milli Re, Turkiye) to positive from stable.
UKRAINE: VUSO's net profit nearly tripled in the first half of the year
The “Standard Ratings” rating agency affirmed the financial strength rating of VUSO, a top-5 non-life insurer, at uaAA on the national scale for January-June 2025, Forinsurer reports.
UNIQA has a long-term commitment to CEE as the fastest growing and most dynamic insurance market
UNIQA Insurance Group has a long-term commitment to Central and Eastern Europe (CEE) as the world’s fastest-growing insurance region, Wolfgang Kindl, Member of the Management Board of UNIQA Insurance Group AG, reaffirmed during a strategic visit to Montenegro.
One month to the International Conference on Insurance Claims! Secure your spot among top experts!
On November 4, 2025, industry leaders, regulators, and innovators will gather at the Astoria Grand Hotel, Sofia, Bulgaria for the International Conference on Insurance Claims – Claim the Future. Under the headline “Turning the Claim from a Burden into a Valuable Competitive Advantage”, the event will highlight how digital tools, AI, and forward-thinking regulation are reshaping claims management across the region.
STATISTICS: MONTENEGRO 1H2025: Positive evolution driven by MTPL insurance
According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 11% y-o-y in the first half of 2025, reaching EUR 75.78 million.
STATISTICS: GREECE 1H2025: property insurance grew by 10.6%
According to the half-year market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 2.9 billion at the end of 1H2025, up by 3% y-o-y from EUR 2.82 billion a year before.
STATISTICS: ESTONIA 1H2025: decreasing motor insurance business dragged down the market results
Estonian insurers posted 1H2025 aggregate GWP worth EUR 342.45 million, slightly lower y-o-y, by 0.68%, according to the market figures published by the Estonian National Statistics Board. Total paid claims by local insurers also decreased y-o-y, to ~EUR 204.36 million (-1.6%).
Augment Risk and Cohen & Company announce strategic joint venture to revolutionize reinsurance solutions
Augment Risk, a risk capital and reinsurance solutions intermediary and Cohen & Company, an asset management specialist, have joined forces in a strategic joint venture. The initiative aims to bridge the gap between reinsurance clients and insurance-linked securities (ILS) capital with unparalleled efficiency, marking a landmark move to transform the reinsurance landscape.
Aktia launches SCOR’s Velogica in Finland, a step forward in automated underwriting
SCOR Digital Solutions announced the successful launch of Velogica, its cloud-based automated underwriting solution, with the strategic partner Aktia Life Insurance in Finland.
7 October 2025