News - Insurance
ROMANIA: 20% surge in payouts from voluntary home insurance policies in Q1 2025
In the first quarter of this year, Romanian insurers paid over RON 41 million (~ EUR 8.2 million) in claims for homes damaged by unforeseen events and various risks - a notable 18% increase compared to the same period in 2024, according to UNSAR (The National Association of Insurance and Reinsurance Companies in Romania) data.
STATISTICS: BiH Q1 2025: 6% growth despite the slowing down property and motor insurance business
At the end of March 2025, the BiH insurance market totaled EUR 140.8 million (BAM 275.4 million), up by 6.14% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 10.3% y-o-y to EUR 60.11 million.
STATISTICS: LITHUANIA Q1 2025: almost 9% growth, mainly driven by the motor insurance line
During January-March 2025, the Lithuanian insurance market grew by 8.79% y-o-y to EUR 428.20 million, according to the market figures published by the Bank of Lithuania.
The amount of non-life GWP increased by 9.36% y-o-y to ~EUR 333 million, while the life insurance market grew by almost 6.9% to ~EUR 95 million.
The amount of non-life GWP increased by 9.36% y-o-y to ~EUR 333 million, while the life insurance market grew by almost 6.9% to ~EUR 95 million.
PZU shareholders approve PLN 3.86 billion dividend; Board changes announced
At its Annual General Meeting held on June 25 at the company’s Warsaw headquarters, PZU SA approved a dividend payout of PLN 3.86 billion for the 2024 financial year, in line with the management board’s recommendation. This equates to PLN 4.47 per share and represents a 99.6% payout ratio.
STATISTICS: ESTONIA Q1 2025: motor lines’ declining pushed the non-life business into stagnation
Estonian insurers posted aggregate business worth EUR 170.38 million in Q1 2025, a volume almost unchanged y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.
CROATIA: The President of HANFA elected as a member of the ESMA Management Board
The President of the Management Board of Hanfa (Croatian Financial Services Supervisory Agency), Ante Žigman, has been elected as a member of the Management Board of the European Securities and Markets Authority (ESMA), with a term of office starting on 6 July 2025, osiguranje.hr writes.
Generali Group CEO Philippe Donnet confirmed as Best CEO and Generali Group CFO Cristiano Borean reconfirmed as Best CFO in the insurance sector in the Extel ranking
Generali Group CEO Philippe Donnet was confirmed "Best CEO" in the European insurance sector for the fourth year in a row in the 2025 edition of the annual survey by Extel (formerly Institutional Investor), the specialist magazine and independent research company in the field of international finance, the Group said.
Katarzyna Majewska appointed as President of the Management Board of PZU Życie
On 16 June this year, the Supervisory Board of PZU Życie SA adopted a resolution on appointing Katarzyna Majewska to the company's management board, entrusting her with the function of President of the Management Board of PZU Życie SA, subject to obtaining the Polish Financial Supervision Authority’s consent.
LATVIA: Jānis Abāšins re-elected as President of the Latvian Insurers Association
On June 19, at the Latvian Insurers Association (LAA) members' meeting its current head Jānis Abāšins was reelected as the organization's president for the next three-year term.
Lena Lindemann to take over additional board responsibilities at ERGO Group
As of 1 October 2025, Lena Lindemann, Member of the Board of Management of ERGO Group AG, will take over the responsibilities of Ulf Mainzer, Member of the Board of Management of ERGO Group AG, in addition to her current role as Labour Director, which includes responsibility for Human Resources (HR) and General Services, the Group said.
Adris Grupa invested EUR 200 million in the growth and development of its businesses in 2024
In 2024, Adris Grupa invested EUR 200 million and, after several years of preparation, launched an ambitious three-year investment cycle worth more than EUR 600 million euros. Despite significant investments, the Group remains financially stable, low-indebted and financially strong, said the President of the Management Board of Adris Grupa, Marko Remenar explaining last year's business results.
ARMENIA: MTPL loss ratio decreases to 73.2% in January-May
MTPL loss ratio on the Armenian insurance market has been declining since the beginning of 2025, amounting to 73.2% in January-May (vs 79.7% a year earlier), according to data from the Armenian Bureau of Motor Insurers, ArmInfo reports.
AZERBAIJAN: AI helps insurers optimize processes and save resources
The use of AI has led to a 30-60% reduction in operating expenses of insurance companies in Azerbaijan and a halving of lost time, ABC.AZ writes with reference to the Azerbaijan Insurers Association (ASA).
CROATIA: Allianz Croatia certified as a Great Place to Work for the first time
Allianz Croatia won the prestigious Great Place to Work award, which confirms that Allianz fosters a culture of trust, cooperation and mutual respect, osiguranje.hr writes.
Generali receives Gold in the Distribution Innovation and Silver as Global Innovator at the 2025 Qorus Innovation in Insurance Awards
This year, Generali innovation projects have been shortlisted as finalists in the 2025 Qorus Innovation in Insurance Awards – the competition that showcases the most outstanding innovations in the industry. According to the Group’s press release, Generali’s achievements spotlight the Group’s commitment to transforming insurance through technology, talent, and teamwork.
KAZAKHSTAN: demand for voluntary motor insurance is growing amid a rapid increase in traffic accidents and repair costs
In January-April of this year, 9.2 thousand traffic accidents were registered in Kazakhstan, which is 51.5% more y-o-y. The number of victims increased by 62.1% and reached 13.1 thousand people, according to the Committee on Legal Statistics and Special Accounts of the Prosecutor General's Office of the Republic of Kazakhstan.
KYRGYZSTAN: MTPL comes into force on July 1
Motor third party liability insurance (MTPL) comes into force on July 1, 2025, in accordance with the Law of the Kyrgyz Republic “On compulsory motor third party liability insurance of motor vehicle owners” dated July 24, 2015.
LATVIA: LAA: In 2024, life insurance without savings grew by 14%
The life insurance market* reached a total of EUR 122 million last year, which is an increase of 5.1% y-o-y. Information collected by the Latvian Insurance Association (LAA) shows** that citizens are increasingly choosing to purchase life insurance without savings.
Marsh launches a new insurance facility providing up to EUR 1 billion in construction all-risks coverage
Marsh, the world’s leading insurance broker and risk advisor, and a business of Marsh McLennan, announced the launch of Nimbus, a new insurance facility providing clients with comprehensive cover for the construction of large-scale data centers across the UK and Europe.
TURKIYE: Turkiye Wealth Fund completes the strategic merger process of public insurance and pension companies
According to Middle East Insurance Review, Turkiye Wealth Fund (TVF), owned by the government, has completed all stages of the strategic merger process of public insurance and pension companies.
26 June 2025