News - Insurance
UKRAINE: In January-May, MTPL market saw growth, while Green Card insurance shrank
In January-May 2025, domestic MTPL market in Ukraine saw growth, Forinsurer writes with reference to the MTIBU report (Motor Transport Insurance Bureau of Ukraine). According to the MTIBU, GWP more than doubled - by 122%, reaching UAH 8.42 billion (~EUR 0.18 billion). Particularly noticeable growth was observed in electronic contracts - up to UAH 8.39 billion (+176%).
UNIQA completes sale in Albania, Kosovo and North Macedonia and is strengthening its strategic focus on the core markets in Central and Eastern Europe
UNIQA has successfully completed the sale of its companies in Albania, Kosovo and North Macedonia, the company announced on its website.
UZBEKISTAN: Moody's Ratings raises Uzbekinvest rating outlook to Ba2 – positive
On June 16, 2025, the international rating agency Moody's Ratings officially announced an upgrade of the financial strength rating outlook of Uzbekinvest to Ba2 - positive, the insurer writes on its website.
Allianz closed the sale of its 50% stake in UniCredit Allianz Vita to UniCredit
Allianz SE closed the sale of its 50% stake in UniCredit Allianz Vita SpA, the life insurance joint venture with UniCredit Group in Italy, to UniCredit for a total consideration of approx. EUR 0.8 billion, the company announced in its press release.
EIOPA: insurers and pension funds should remain vigilant about their exposure to geopolitical and macroeconomic risks
The European Insurance and Occupational Pensions Authority (EIOPA) published its June 2025 Financial Stability Report, which offers a summary of how Europe’s insurance, reinsurance and occupational pensions sectors are faring in the current volatile macroeconomic environment.
EU’s new End - of - Life Vehicle rules raise concerns among insurers, says GDV
The European Union is tightening regulations on end-of-life vehicles (ELVs) as part of its broader push for a circular economy and stronger environmental protection. While the German Insurance Association (GDV) supports the overarching goals, it has raised concerns about the potential impact on insurers.
Infinity Capital Investments becomes new shareholder in PAID Romania
Infinity Capital Investments S.A., a Romanian financial investment company formerly known as SIF Oltenia, is set to become a significant shareholder in PAID Romania – the Natural Disaster Insurance Pool, the insurer managing the country’s mandatory home insurance scheme.
Insurance Europe responds to IAIS consultation on structural shifts in the life insurance sector
Insurance Europe has responded to a consultation by the International Association of Insurance Supervisors (IAIS) which focusses on a draft Issues Paper on structural shifts in the life insurance sector, including alternative assets and asset-intensive reinsurance (AIR).
2025 Geneva Association Ernst Meyer Prize awarded to works that help insurers navigate today’s complex global risk landscape
The Geneva Association announced the co-winners of the 2025 Geneva Association Ernst Meyer Prize: Nicolaus Grochola (Goethe University Frankfurt), Julia Holzapfel (Ludwig Maximilian University of Munich), and Lin Zhou (Lingnan University, Hong Kong).
STATISTICS: ex-USSR, 1Q2025: regional market rises by more than 50%
The regional insurance market of the former USSR countries* grew by 50.32% in euros in the first quarter of 2025, amounting to EUR 11.45 billion, according to xprimm statistics.
STATISTICS: CZECHIA 1Q2025 (CNB): motor lines drove GWP growth while property lines pushed up claims expenses
According to the Czech National Bank data, Czech insurers ended Q1 2025 with GWP worth EUR 2.51 billion, by almost 7% more y-o-y. Paid claims have increased by 4.74%, to EUR 1.12 billion.
STATISTICS: Hungarian insurers' Q1 was highly profitable and also saw a strong GWP growth
The aggregate Q1 GWP reported by Hungarian insurers totaled HUF 568.96 billion (~EUR 1.41 billion), 24.22% more y-o-y, according to the Q1 statistics published by the Central Bank of Hungary (local currency). The life insurance business accounted for 40.7%, a significantly higher weight in the market portfolio as compared with Q1 2024 (+7 percentage points).
STATISTICS: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to almost 48%
The insurance sector of Kyrgyzstan grew by 70.20% at the end of the first quarter of 2025, reaching KGS 1,369.39 million (EUR 14.70 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
STATISTICS: RUSSIA, 1Q2025: paid claims more than doubled y-o-y
In January-March 2025, the insurance market grew by 46.16%, reaching RUB 845.42 billion (~EUR 9.43 billion).
BULGARIA: The assets of the insurance sector rise 9.5% y-o-y at the end of March
The assets managed by Bulgarian insurance companies amounted to BGN 11.76 billion (EUR 6.01 billion) at the end of March, which means a y-o-y increase of 9.5%, SeeNews writes with reference to the central bank.
ARMENIA: Farmers insured a small amount of land in 2025
In 2025, farmers insured a small amount of land, as reported by Deputy Minister of Economy of Armenia in charge of agriculture, Arman Khojoyan, ArmInfo writes.
AZERBAIJAN: Compulsory insurance development strategy for 2025-2027 approved
The Insurance Sector Development Strategy of the Compulsory Insurance Bureau (CIB) for 2025-2027 has been approved in Azerbaijan. It was developed to ensure sustainable, innovative and transparent development of the compulsory insurance sector in Azerbaijan, Trend writes with reference to the CIB.
KYRGYZSTAN: Total number of insured residential buildings increased by 2.4 times
MOLDOVA: In the first five months, the state social insurance budget revenues amounted to 46.8% of the annual plan
In the first five months of this year, the state social insurance budget revenues amounted to MDL 22,448.1 million (~EUR 1.16 billion), which is 46.8% of the annual plan.
S&P upgrades Sava Re credit ratings to A+, outlook stable
S&P Global Ratings published revised credit ratings for Sava Re d.d. and Zavarovalnica Sava d.d., raising their long-term issuer credit and financial strength ratings to “A+” with a stable outlook. In addition, S&P raised its ratings for two of Sava Re’s junior subordinated bonds from “BBB+” to “A-”, Sava Re said in its press release.
25 June 2025