News - Insurance
Conduit Re strengthens underwriting team with strategic appointments
Angus Hampton has been promoted to Head of Casualty for Conduit Re. His appointment was accompanied by other changes: Peter Kiernan will add responsibility for broker and client management to his Head of Property role; David Frawley was recruited to strengthen specialty bench.
Natural hazard losses remain high in 1H 2025 – German insurers warn of climate risks after paying claims worth about EUR 1 billion
Although insured losses from natural hazards in 1H 2025 came in below the long-term average, Germany’s insurers caution there is no reason for complacency. The German Insurance Association (GDV) is urging stronger preventive measures against the growing threat of climate change.
ROMANIA: Rising extreme weather underscores urgency of insurance protection
Romania is facing an alarming rise in extreme weather events, with floods, storms, and even tornadoes becoming more frequent and destructive, a recent Greenpeace Romania analysis, based on official RO-ALERT data from 2019–July 2025, shows. The trend strongly emphasizes the need to reduce the insurance protection deficit.
STATISTICS: Tajikistan 1Q & 1H 2025: From early decline to mid-year growth
The Tajik insurance market showed contrasting dynamics in the first half of 2025. After a weak start, marked by a double-digit contraction in Q1, the sector rebounded in the following months, closing the first half of the year on a growth trajectory.
STATISTICS: KYRGYZSTAN, 1H2025: mandatory insurance becomes the largest class in the market portfolio
The insurance sector of Kyrgyzstan recorded impressive growth of 107.66% (in KGS) in the first half of the year, reaching KGS 3,961.89 million (EUR 38.72 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
STATISTICS: UPDATE: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to 42%
The insurance sector of Kyrgyzstan grew by 93.66% at the end of the first quarter of 2025, reaching KGS 1,558.15 million (EUR 16.73 million), according to the updated data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
Brian Glod and Tony Ambrose to be responsible for Marsh’s aviation and space business worldwide
Brian Glod has been appointed as Global Head of Aviation and Space and Tony Ambrose as Global Chairman of Aviation and Space, effective September 1, as Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, announced.
Scott Hallworth to join AIG as Chief Digital Officer
Scott Hallworth will be joining AIG as Chief Digital Officer, effective September 1, as American International Group (AIG) announced.
VIG expands its footprint in Moldova by buying 80% of the shares of MOLDASIG S.A.
Vienna Insurance Group (VIG) announced it has prevailed in the public auction for the acquisition of 80% of the shares of MOLDASIG S.A. (Moldasig). Through this investment, VIG becomes the market leader in the Republic of Moldova with an estimated share of approximately 30%.
Aegon generates strong commercial momentum across its key markets in the first half of 2025
The Dutch insurer Aegon’s net profit in 1H2025 amounted to EUR 606 million compared with a net loss of EUR 65 million for 1H2024. Operating result was EUR 845 million, up 19% y-o-y, reflecting business growth and improved experience variance in the United States, the insurer says in its report.
ARMENIA: MTPL loss ratio amounted to 74.4% by August
The MTPL loss ratio in Armenia has been declining since 2025, amounting to 74.4% in January-July (vs 79.3% a year earlier), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo writes.
Bosnia and Herzegovina: Insurance Days 2025 to be held in September
The Association of Insurance Companies in the Federation of Bosnia and Herzegovina announced this year's Insurance Days in Bosnia and Herzegovina, which will be held from September 17 to 19, 2025 at the Hills Hotel in Sarajevo, osiguranje.hr writes.
GREECE: Only 18.2% of homes have insurance coverage against natural disasters and earthquakes
Insurance companies expect limited losses from the summer fires, given that the incentives provided by the state for home insurance have slightly increased the number of insured buildings in Greece, insurancedaily.gr reports.
In 1H2025 UNIQA continued to record high and above all profitable growth of around 10%
UNIQA Insurance Group’s premiums written, including savings portions from unit-linked and index-linked life insurance, rose by 9.7% to EUR 4,397.2 million in the first six months of 2025 compared with the same period of the previous year (1 – 6/2024: EUR 4,010.2 million), as the Group announced.
KAZAKHSTAN: Kazakhstan Insurance Forum 2025: Kazakhstan is developing a sustainable, transparent and customer-oriented insurance market that meets the challenges of the time
Kazakhstan is developing a sustainable, transparent and customer-oriented insurance market that meets the challenges of the time, as was noted by the Chairperson of the Board of BCC Life Gulzhan Dzhaksymbetova at the International Insurance Forum (III annual insurance forum 2025).
KAZAKHSTAN: Transition to a digital work model allowed Freedom Insurance to save about KZT 1.5 billion in 2024
Digital platforms are increasingly changing the rules of the game in the insurance market of Kazakhstan, and one of the striking examples is the experience of Freedom Insurance, which, with the help of its own service DTP.kz, demonstrated how to increase transparency of loss settlement, reduce administrative costs and strengthen customer confidence, Allinsurance.kz writes.
Sava Insurance Group’s business volume in 1H grows by 8.1% to EUR 609.5 million
In the first half of 2025, Sava Insurance Group’s business volume grew by 8.1% to EUR 609.5 million. According to the Group, the largest contribution to this growth came from an increase in GWP in non-life insurance and reinsurance.
TURKIYE: Compulsory earthquake insurance coverage amounts to only 57%
Approximately 11.5 million of the 20.3 million households across Turkiye have compulsory earthquake insurance, representing an insurance coverage rate of 57.4%, according to data from the Turkiye Catastrophe Insurance Pool (TCIP), Middle East Insurance Review writes.
UKRAINE: GWP of Euroins Ukraine rises 2.1 times in the first half of the year
In the first half of 2025, Euroins Ukraine, a subsidiary of the European Euroins Insurance Group (EIG) and one of the top 15 insurers on the local market, collected UAH 638.9 million (~EUR 13.12 million). Compared to the same period a year earlier, GWP increased by 110% or 2.1 times, Forinsurer reports.
Triglav Group delivers exceptionally strong results in the first half of the year
In 1H2025, the Triglav Group generated earnings before tax of EUR 109.6 million (1H2024: EUR
28 August 2025