News - Insurance
POLAND: Unilink acquires Slovenia's Priori Zavarovanje strengthening its position on the CEE insurance distribution market
Polish insurance broker Unilink S.A., part of US-based financial technology and insurance group Acrisure, has acquired Slovenian Priori Zavarovanje, strengthening Unilink Group's position as leader on the insurance distribution market in CEE, SeeNews writes.
PZU and Bank Pekao to create a new banking and insurance group
On June 2, 2025, PZU SA and Bank Pekao SA signed a memorandum of understanding on cooperation, which is ultimately to lead to the reorganization and increase in the efficiency of the capital group.
SLOVAKIA: Insurance companies-members of SLASPO adopt a Memorandum on Sustainable Business
The Slovak Insurance Association (SLASPO) presented an initiative in which insurance companies-members of the association adopted a Memorandum on Sustainable Business and its Development, SLASPO said.
SLOVENIA: Insurance Days in Slovenia: the insurance companies are capital-solid and financially strong
The 31st Insurance Days in Slovenia took place under the slogan "Changing the View". The Director of the Insurance Supervision Agency, Gorazd Čibej, assessed performance of insurance companies last year as positive, and based on the data available to the agency, he described Slovenian insurance companies as capital-solid and financially strong, according to the Slovenian Insurance Association.
TURKIYE: Most farmers are producing agricultural products without protection against natural disasters
About 4 out of 10 (38.6%) farmers in Turkiye are covered by insurance while 17% of agricultural land in the country is insured, according to data from the Ministry of Agriculture and Forestry, Middle East Insurance Review writes.
Triglav Group enters the Italian motor insurance market via partnership
Triglav Group, in cooperation with well-established partners Prima Assicurazioni and Ageas Re, is entering the Italian motor insurance market, the Group announced in its press release.
Triglav Group to pay EUR 63.7 million in dividends
At the General Meeting of Shareholders, the shareholders passed the Management Board's and the Supervisory Board's proposal to pay out a dividend of EUR 2.80 gross per share, which represents a 6% dividend yield.
BULGARIA: ABZ: The insurance sector is fully ready for the euro
The insurance sector in Bulgaria is prepared for the upcoming introduction of the euro, which will come into force from January 1, 2026, according to Nikolay Stanchev, Chairman of the Association of Bulgarian Insurers (ABZ). He emphasized that insurance prices will not change.
Romanian Sorin GRECEANU elected as COB new President; Abderrahim Diouri and Daniel Wernli complete the Presidential College
COB, the international organization that co-ordinates the Green Card system and the Protection of Visitors system, has elected a new Presidential College. Sorin Greceanu will serve as COB President for the next five years, taking over from previous COB President Sandra Schwarz. He will be supported by Vice Presidents Abderrahim Diouri and Daniel Wernli.
XPRIMM announces the online launch of its regional insurance report for Full Year 2024 statistical data
XPRIMM announces the online launch of its regional insurance report XPRIMM Insurance Report FY2024. The report is available for free, in flip format. XPRIMM subscribers may also download the file, in pdf format, from the website’s statistical database.
ROMANIA: Insurance sector still struggles with fallout of major bankruptcies
Years after the collapse of Romania’s largest motor insurers, CITY Insurance and EUROINS Romania, the market still feels the impact. Over 500,000 claims have been filed, with payouts totaling RON 2.6 billion (~EUR 520 million), now reflected in MTPL premiums paid by millions of Romanian drivers, the FGA’s 2024 report shows.
ROMANIA: Emergency evacuation in Praid amid flood-induced mine collapse risk – authorities and insurers mobilize
Authorities ordered on June, 1 the urgent evacuation of 45 homes in Praid, Harghita County, after torrential rains severely damaged the area. Experts warn of a possible collapse of the old salt mine’s ceiling. The Praid Salt Mine, a key tourist site, has been heavily affected by the flooding.
STATISTICS: GREECE 1Q 2025: negative change in GWP driven by the life insurance segment
According to the Q1 2025 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.37 billion, 2.2% down y-o-y.
STATISTICS: GEORGIA, 1Q2025: GWP up almost 14%, while paid claims fall by 3%
According to the 1Q results, the Georgian insurance market grew by 13.88% in local currency, reaching GEL 452.92 million (EUR 151.90 million), according to data published by the Insurance Supervision Service of Georgia.
STATISTICS: TÜRKIYE 1Q 2025: Market growth outpaced inflation
Total premium generated in the Türkiye insurance market increased in local currency by almost 52% during Q1 2025 to TRY 304.16 billion (EUR 7.47 billion), according to data released by the Insurance Association of Turkey (TSB). The growth pace slowed as compared with the previous period but remained still very high.
Ed Short appointed to lead digital underwriting solutions across Arch’s international platform
Arch Insurance International (Arch) appointed Ed Short as Head of Digital, effective immediately. In this newly created role, Short is responsible for executing Arch’s digital underwriting strategy, ensuring a cohesive approach across the London Market, UK Regional, Australia, EU, and Bermuda platforms.
ALBANIA: Albanian insurance market rises 8% in January-April
Total GWP of Albanian insurers in the first four months of the year reached ALL 7.67 billion (EUR 77.9 million), which is 8% more y-o-y, SeeNews reports with reference to official figures.
AZERBAIJAN: The insurance sector sees dynamic evolution in January-April
The insurance sector of Azerbaijan recorded dynamic development in January-April 2025 as total GWP reached AZN 588.46 million (~EUR 304.90 million), ABC.AZ reports with reference to the Central Bank.
CROATIA: Allianz Hrvatska records a 21% increase in its gross profit in 2024
Allianz Hrvatska, part of German insurer Allianz, said that in 2024 its gross profit reached a record high of EUR 29.3 million, which represents an increase of 21% y-o-y, thanks to growing profitability of both non-life and life insurance operations, SeeNews reports.
11 June 2025