News - Insurance
HUNGARY: A devastating storm in Hungary: more than 45 thousand homes damaged
In the beginning of July, a storm of extraordinary force hit Hungary, causing serious damage, portfolio.hu reports.
17 July 2025MOLDOVA: In 1Q the market’s profit collapses by over 50%
Three insurance companies recorded losses in the first quarter of 2025, while the profit of the entire market has significantly decreased, bizlaw.md writes.
17 July 2025TURKIYE: Fitch: non-life insurers should benefit from improved operating conditions and stronger pricing in 2025
Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, as Fitch Ratings said in its report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation", Middle East Insurance Review writes.
17 July 2025Zurich successfully completes the acquisition of Toronto-based global cyber insurance and risk management insurtech, BOXX Insurance
Zurich Insurance Group (Zurich) successfully completed the acquisition of Toronto-based global cyber insurance and risk management insurtech, BOXX Insurance Inc. (BOXX), to provide retail and SME cyber insurance and services globally, Zurich said in its press release.
17 July 2025Romania: Over 1,200 damage claims filed in just a few days after last week’s severe storms
Romanian insurers have already opened more than 1,200 damage claims in the wake of the violent storms that swept across several regions of Romania throughout the second week of July, data from UNSAR, the National Union of Insurance and Reinsurance Companies of Romania show.
17 July 2025UZBEKISTAN: TBC Uzbekistan launches online insurance and enters a new segment to expand the ecosystem
TBC Uzbekistan, the first digital bank in Uzbekistan, launches online insurance and enters a new segment. Creation of its own insurance company TBC Sug‘urta is an important step that opens up insurance for TBC Uzbekistan and strengthens synergy between all products of the ecosystem, TBC Uzbekistan reports.
17 July 2025ALBANIA: In January-May the market totaled EUR 102 million
The Albanian insurance market reached ALL 10 billion (EUR 102 million) in the first five months of the year, up 7.6% y-o-y, according to the Albanian Financial Supervisory Authority (AFSA), SeeNews reports.
11 July 2025Aon launches Aon Broker Copilot to transform the commercial insurance placement process
Aon, a leading global professional services firm, announced the launch of Aon Broker Copilot, a proprietary, patent-pending platform that uses artificial intelligence, large-language models and predictive analytics to transform the commercial insurance placement process, the company said in its press release.
11 July 2025AXA recognized as Most Creative Brand of the Year at the Cannes Lions Festival 2025
AXA won the title of Creative Brand of the Year at the prestigious Cannes Lions Festival 2025, the leading global event for advertising and marketing. Present with two campaigns, AXA Three Words and Group Therapy, AXA won a total of 13 awards in various categories, the company said on its website.
11 July 2025AZERBAIJAN: in January-May, the market grew by 11.7% y-o-y
The insurance market of Azerbaijan in January-May 2025 amounted to AZN 719.4 million (~EUR 372.74 million), which is 11.7% more y-o-y, ABC.AZ writes with reference to the data of the Central Bank of Azerbaijan.
11 July 2025Central Bank of India becomes a new joint venture partner of Generali in India
Generali announced Central Bank of India (CBI) as its new joint venture (JV) partner in the country. CBI is one of the oldest public sector Indian banks, established in 1911, with a market capitalisation of EUR 5.1 billion and a distribution network of over 4,500 branches serving more than 80 million customers, Generali said.
11 July 2025CROATIA: The market rises 8.7% in the first five months of the year
The total GWP collected in the first five months of 2025 amounted to EUR 844.0 million, or 8.7% more y-o-y. Of this, EUR 133.3 million (15.8%) came from life insurance, which is 0.4% less y-o-y, and EUR 710.7 million (84.2%) – from non-life insurance, which is 10.5% more on an annual basis, osiguranje.hr writes.
11 July 2025CROATIA: Wiener Osiguranje expects a double-digit increase in net profit and premiums this year
Croatian insurer Wiener Osiguranje Vienna Insurance Group (VIG), part of Austria's Vienna Insurance Group, expects “an increase of the net profit by more than 10% compared to last year, as a result of a solid business model and the continued trust of our clients”, CEO Tamara Rendic told SeeNews.
11 July 2025ERGO Group AG further expands its presence across Denmark, Norway and Sweden
Following the merger of Europæiske Rejseforsikring A/S and ERGO Forsikring AS, ERGO is combining its travel and health insurance activities within one company. Through the launch of ERGO Forsikring A/S, ERGO will leverage the respective businesses’ strengths across Denmark, Norway and Sweden, the company announced on its website.
11 July 2025LITHUANIA: Bank of Lithuania: The insurance market continues to grow faster than the country's economy
In the first quarter of 2025, according to unaudited data, insurance companies, operating in Lithuania earned a total of EUR 32 million of pre-tax profit, which is 20.8% more y-o-y, the Bank of Lithuania said.
11 July 2025Marsh launches Cyber Unity to support organizations across the European Union, as well as in Israel, Norway, Serbia, and Turkey
Marsh, the world’s leading insurance broker and risk advisor, and a business of Marsh McLennan, announced the launch of Cyber Unity, a new insurance facility for organizations across the European Union, as well as in Israel, Norway, Serbia, and Turkey, with revenues up to EUR 500 million.
11 July 2025PZU and Bank Pekao take another step towards merging
On June 26, PZU SA and Bank Pekao SA signed a document initially establishing the principles of cooperation between the two companies in a potential transaction of reorganizing the capital group and creating a new banking and insurance group (term sheet).
11 July 2025UKRAINE: GWP of the TAS Group up 64% in January-May
In January-May of this year, total GWP of one of the market leaders, TAS Group, amounted to UAH 2,736.35 million (~EUR 58.52 million), which is 64.3% more y-o-y, Forinsurer reports.
11 July 2025AXA announces creation of a unified Ceded Re team
AXA announced a significant organizational enhancement with the integration of the AXA Group and AXA XL Ceded Reinsurance (Ceded Re) teams to create a unified Ceded Re team, effective July 1, 2025. This strategic alignment marks a key milestone in AXA’s commitment to streamlined operations and cohesive strategy execution, the company said.
11 July 2025Insurance Europe calls for simplification of EU cybersecurity regulation
Insurance Europe has welcomed the European Commission’s review of the Cybersecurity Act (CSA) and the forthcoming digital omnibus initiative, supporting the objective of simplifying regulation, reducing administrative burdens, and ensuring a proportionate, risk-based approach.
26 June 2025
