News - Insurance
STATISTICS: LATVIA 1H2025: GWP up by almost 19%, while paid claims only grey by 3.5%
Latvian insurers ended H1 2025 with gross written premiums (GWP) worth EUR 679.26 million, 9.8% up y-o-y. Life insurance accounted for almost 18.6% of this total, while motor insurance is the business segment with the largest participation to the market portfolio (27.53%).
STATISTICS: SERBIA 1H2025: Top 3 insurers control almost 60% of the market
Serbian insurers ended 1H2025 with total GWP worth RSD 97.6 billion (EUR 833 million), which is almost 10% more y-o-y, according to statistical data published by the National Bank of Serbia (NBS). Paid claims increased at a similar pace, reaching RSD 42.17 billion (EUR 360 million). The market portfolio’s structure remained largely unchanged y-o-y, with life insurance accounting for 16.3% of the total GWP, while non-life holds the dominant role. Motor insurance lines generated almost half of the non-life GWP, while property insurance contributed close to 20%.
Austria faces record catastrophe losses amid growing climate risks
Austria was hit by exceptionally high catastrophe losses in 2024, underscoring the growing impact of climate change. On average, insured losses from natural disasters exceed one billion euros annually, yet last year set a new record: EUR 1.7 billion in insured damages, Austrian Insurance Association (VVO) said.
IVth International Insurance Summit: Technology and AI at the heart of industry debates
The 4th International Insurance Summit, organized by the Insurance Association of Türkiye (TSB) under the theme “Digital Futures: How Technology Changes the Insurance Sector”, will gather global and regional leaders in Istanbul on September 29–30, 2025, to discuss the profound impact of digital transformation on the insurance industry.
EERIA 2025 Conference highlights program focused on bridging the protection gap
Scholars, researchers, and insurance professionals will reunite in Sarajevo, between 25-27 September, on the occasions of the Fourth Annual Conference of the Eastern European Risk and Insurance Association (EERIA).
UNSAR - new leadership for the next three years elected; Alexandru Ciuncan will serve another mandate as President of the association
The General Assembly of UNSAR – the National Union of Insurance and Reinsurance Companies of Romania, which brings together 21 insurers representing over 90% of the local market – has elected the members of its Board of Directors for a new three-year mandate.
Marsh: Renee McGowan appointed as Chief Commercial Officer, International
Renee McGowan has been appointed as Chief Commercial Officer, International, effective October 1, 2025, Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy and people announced.
Walter Voigts-von Forster appointed as Chief Executive Officer, Munich Re Africa Branch
Munich Re announced the appointment of Walter Voigts-von Forster as Chief Executive Officer, Munich Re Africa Branch.
TURKIYE: Türk Reasürans appoints new general manager
Türk Reasürans has appointed Mr Özgür Bülent Koç as general manager, according to news platform Sigortaci, Middle East Insurance Review writes.
Aon launches Specialist Claims Solutions to help insurers drive profitable growth and reduce loss ratios
Insurers are under increasing pressure to improve financial performance across their claims functions but face resource limitations, uncertainty on how to best integrate digital and AI technology and complex processing challenges. Together these result in cost leakage throughout the claims cycle, Aon, a leading global professional services firm, said.
AZERBAIJAN: Assembly of the Union of Insurers of the Turkic World held for the first time
The first Assembly of the Union of Insurers of the Turkic World was held in the Azerbaijani city of Shusha, according to the Azerbaijan Insurers Association (AIA), Trend writes.
Bosnia and Herzegovina: Bosnia’s Federation insurance market rises 8.2% in Jan-Aug, while the Serb Republic’s insurance market expands by 9%
Insurance companies operating in Bosnia’s Federation posted combined GWP of BAM 538.6 million (EUR 275.4 million) in the first eight months of this year, which means a 8.2% y-o-y increase, according to the Federation’s insurance supervision agency, SeeNews writes.
Bosnia and Herzegovina: Jasmina Selimović: despite challenges, the insurance sector has potential to become a pillar of resilience of the financial system
In times of growing uncertainty, the insurance sector in Bosnia and Herzegovina can become a key partner for citizens and the economy, said the Governor of the Central Bank of Bosnia and Herzegovina, Jasmina Selimović at the conference "Insurance Days in Bosnia and Herzegovina", osiguranje.hr writes.
GREECE: Ethniki Insurance announces acquisition of a majority stake in two brokerage companies
Ethniki Insurance has reached an agreement with the Syngelidis Group for the acquisition of a majority stake (55%) in the brokerage companies Elysee Insurance Agent s Coordinator S.A. and Elysee Insurance Brokers S.A., which operate in all insurance sectors in Greece, insuranceforum.gr reports.
KAZAKHSTAN: Halyk Insurance signs memorandum of understanding with one of China's largest insurance companies
Halyk Insurance, one of Kazakhstan's top five insurance companies, and China Pacific Property Insurance (CPPIC), one of China's largest insurance companies, have agreed to a partnership by signing a memorandum of understanding, kapital.kz reports.
MOLDOVA: Banca de Economii withdraws from the shareholding of Moldasig
Banca de Economii SA, which is undergoing liquidation, has finally withdrawn from the shareholder list of the insurance company Moldasig SA, selling its 61,200 shares. The transaction amounted to MDL 17,699,040 (~EUR 0.90 million), bizlaw.md reports.
HUNGARY: Payments for storm damages this year see an increase of nearly HUF 3 billion
This year, 101,032 claims were received by Hungarian insurers following the storms between May 1 and August 31, and insurers have already paid out HUF 13.12 billion (~EUR 33.63 million) and are making reserves for claim payments, portfolio.hu reports.
Two investment companies step in as new shareholders of PAID Romania
Romania’s mandatory household insurance pool, PAID, is entering a new phase of consolidation after the Financial Supervisory Authority (ASF) approved the entry of two investment companies — Infinity Capital Investments and Gravity Capital Investments — into its shareholder structure.
ARCH Insurance appoints Julien Martins as Head of Executive Assurance for France
Arch Insurance announced the appointment of Julien Martins as Head of Executive Assurance for France, with immediate effect.
STATISTICS: BiH 1H2025: Top 3 insurers account together for a third of the market
At the end of June 2025, the BiH insurance market totaled EUR 303 million, up by 8.6% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers increased by 9.8% y-o-y to EUR 121 million.
25 September 2025