News - Insurance
STATISTICS: POLAND 1H2025: improved profitability despite the raising in claims expenses
Polish insurers wrote PLN 44.39 billion (EUR 10.47 billion) in gross premiums in the first half of 2025, up 3.6% year-on-year. Both life (+2.6%) and non-life (+4%) segments contributed to growth.
CROATIA: Hanfa approves a new mandate for Tamara Rendić on the board of Wiener osiguranje
The Croatian Financial Services Supervisory Agency (Hanfa) has given the green light to appoint Tamara Rendić as a member of the Management Board of Wiener osiguranje Vienna Insurance Group for a four-year term, starting October 5, 2025.
ESTONIA: The Estonian Insurance Association and the Estonian Motor Insurance Fund have a new CEO
The new chairman of the board of the Estonian Insurance Association (EKsL) and the Estonian Motor Insurance Fund (LKF) is Tuuli Pärenson. The long-standing chairman of the board, Mart Jesse, stepped down on September 11, the press release said.
Marsh announces appointment of Damian Schinck as President of Marsh Pacific
Damian Schinck has been appointed President of Marsh Pacific, effective immediately, Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan said in its press release.
STATISTICS: RUSSIA, 1H2025: the market rises by more than a third y-o-y
In the first half of 2025, the insurance market increased by more than a third, to RUB 1.76 trillion (EUR 19.14 billion). Market growth was supported by investment and accumulative life insurance (their share amounted to 52.2% on the market), the Central Bank notes in the review of key performance indicators of insurers.
STATISTICS: ex-USSR, 1H2025: regional paid claims rise by 84%
The regional insurance market of the former Soviet Union* countries in the first half of 2025 in EUR expanded by almost 31%, amounting to EUR 23.03 billion, according to xprimm statistics.
BULGARIA: As of end-June insurance assets rise by 11.3% y-o-y
At the end of June this year total assets managed by Bulgarian insurance companies amounted to about BGN 12 billion (EUR 6.15 billion), which is 11.3% more y-o-y, SeeNews writes with reference to the central bank.
GEORGIA: Only 8% of registered cars in Georgia are insured
According to the report of the State Insurance Supervision Service of Georgia for the second quarter of 2025, only 8% of registered cars in Georgia are insured. According to the National Statistics Service, there are currently 1,847,988 cars registered in Georgia, Business Georgia writes.
Hannover Re: The market landscape in worldwide property and casualty reinsurance remains attractive
Hannover Re anticipates stable to slightly lower prices overall and sustained good terms and conditions in a continued attractive market environment for the treaty renewals in property and casualty reinsurance as at 1 January 2026, the company said in its press release.
KAZAKHSTAN: AM Best improves Eurasia’s Rating Outlook to Positive
AM Best has improved the rating outlook of Eurasia insurance company from Stable to Positive, confirming its financial strength rating at B++ and the long-term credit rating at bbb+. Thus, Eurasia retains the highest rating among all insurance companies in Kazakhstan according to AM Best, the insurer reports.
KAZAKHSTAN: Insurance sector assets rise by 14.4% from January to July
Assets of the insurance sector in Kazakhstan from January to July grew by 14.4% to KZT 3.6 trillion (~EUR 5.84 billion), mainly as a result of growth in income from insurance activities, Allinsurance.kz writes with reference to the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
Munich Re: 1H2025 is the second-highest value of insured losses in a first half-year since 1980
Risk management is increasingly challenged by natural hazard losses, which continue to rise globally. Since 2020, annual insured losses from natural hazards have regularly exceeded USD 100 billion, Munich Re said in its report.
TURKIYE: Insurance coverage of SMEs at 32% means a significant gap in insurance awareness
Small and medium-sized enterprises (SMEs) make up 99.7% of all enterprises in Türkiye, however the insurance rate for them remains at 32%, according to Mr Oktem Orkun, deputy general manager of elementary commercial insurance at Allianz Turkiye, Middle East Insurance Review writes.
TURKIYE: Record losses reported in MTPL in the first half of the year
In the first half of this year all insurance companies that offer MTPL reported losses in the segment, according to data from the Insurance Association of Turkiye (TSB), Middle East Insurance Review writes.
UKRAINE: State program of insurance against war risks for business to start in October
The Cabinet of Ministers is launching a state program of insurance against war risks, which will start from October 1, 2025. Businesses will be able to insure themselves against consequences of war using two mechanisms: compensation for destroyed property for frontline territories, and lower insurance rates for other regions with state support, Forinsurer writes.
Bosnia and Herzegovina: 10th Jubilee International Conference in Ljubljana: Playing smart in a risky world
The Insurance Supervisory Agency organized the 10th Jubilee International Conference in Ljubljana on September 11, titled “PLAYING SMART IN A RISKY WORLD”. The conference brought together representatives of regulatory bodies, insurance companies, academia from Europe and beyond.
Liberty announces next phase of organisational update in UK & MENA region; establishes third-party division; announces specialty roles
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced a new single integrated third-party division, headed by Terry Fitzgerald. The structure will bring together financial and professional (FinPro) and casualty under one unit in its UK & MENA region.
Willis is expanding its Placement and Portfolio Solutions teams with two new hires
Willis, a WTW business, has expanded its Placement and Portfolio Solutions team with two new senior hires: Gina Mulhall and Kapila Rudra.
Earnix brings AI governance to insurance decisioning
Earnix has launched its new AI Intelligent Decisioning Platform, promising to transform how insurers embed artificial intelligence into everyday business decisions.
The Geneva Association: CBRN Terrorism seems an uninsurable threat
A new report of the Geneva Association and International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) assesses recent shifts in the CBRN risk landscape and how existing re/insurance and national pool arrangements can manage these threats.
18 September 2025