The health insurance market in Georgia in 2024 increased by 19.5% to GEL 533.8 million (~EUR 182.14 million), NEWSGEORGIA writes with reference to the sector review from TBC Capital.

In the first quarter of 2025, 17 insurance companies operated on the Kyrgyz market. Their income increased by 2.4 times y-o-y, amounting to KGS 2,097 million (~EUR 22.40 million).

The past winter has been quite favorable for farmers and has not caused major damage to crops.

On May 28, 2025, Moody’s has improved Generali’s outlook to positive from stable and affirmed its A3 insurance financial strength rating (IFSR), the insurer said in its recent press release.

London-headquartered BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasurans Brokerligi, Middle East Insurance Review writes. The merged entity is to continue as BMS Group Sigorta ve Reasurans Brokerligi.

PZUW Mutual Insurance Company achieved significant success in the latest Global 500 ranking published by the International Cooperative and Mutual Insurance Federation (ICMIF).

VUSO, one of the top 5 non-life insurers in Ukraine, tripled its profit in 1Q2025 y-o-y. At the end of the first quarter, VUSO's net profit amounted to UAH 40.99 million (~EUR 0.92 million), Forinsurer writes.

The National Agency for Prospective Projects (NAPP) has published a rating of insurance organizations of Uzbekistan, in which APEX INSURANCE ranks first with the highest quality rating - AAA and a final score of 115.

A national reinsurance company, O‘zbekiston qayta sug‘urta kompaniyasi, will be created in Uzbekistan. The President of Uzbekistan has signed a corresponding decree, uzdaily.uz reports.

GWP of Vienna Insurance Group (VIG) increased by 8.3% to EUR 4,655 million in 1Q2025. Premiums increased across all lines of business. The highest growth rates were reported in the Special Markets (+25.4%), Poland (+13%) and Extended CEE (+10.3%) segments, with Romania, the Baltic states, Slovakia and Hungary driving growth the most.

On May 29, 2025, a regular annual General Meeting of the Association of Bulgarian Insurers (ABZ) was held and the General Assembly accepted new members to the association and elected its Management Board.

On 22 May, the Ordinary General Meeting of the Polish Insurance Association (PIU) appointed Piotr Wrzesiński to the position of Vice-President of the PIU Management Board. He will replace Andrzej Maciążek, the long-term PIU vice-president, who decided to retire.

In a world of geopolitical uncertainty, Europe must make every effort to increase its competitiveness. The European Commission's Financial Data Access (FIDA) framework - which aims to regulate the sharing of data in the financial services sector - must contribute, not undermine, this effort.

Ahead of its 15th International Conference, Insurance Europe released a joint statement highlighting the industry’s top priorities and urging EU leaders to better recognize insurers’ vital role in achieving Europe’s strategic goals. The statement was signed by President Frédéric de Courtois, Vice-President Alexander Sarrigeorgiou, and Director General Thea Utoft Høj Jensen.

FIAR – The International Insurance-Reinsurance Forum, the premier annual event dedicated to the insurance industry in Central and Eastern Europe, successfully took place from May 25 to 27, 2025, in Sinaia, Romania.

FIAR 2025 opened on May 26 with the “Insurance Market Trends” conference, spotlighting key industry challenges and priorities. Experts addressed climate risk, regulation, technology, and distribution, urging greater resilience, smarter supervision, and improved consumer engagement to help the insurance sector adapt to a rapidly evolving risk landscape.

The FIAR 2025 panel discussion on reducing the insurance protection gap brought together senior voices from across the European and Romanian insurance industry. From regulatory complexity and shifting consumer expectations to innovation and public communication, panelists examined the intertwined challenges that shape both the social relevance and growth potential of insurance in today’s uncertain world.

As climate-related risks escalate and natural catastrophes become more frequent, the FIAR 2025 panel “Climate Risks and Natural Catastrophe Insurance: Maintaining Insurability and Accessibility” brought together experts from across Europe and Türkiye to address how insurers, regulators, and policymakers can jointly ensure long-term resilience and protection.

The panel “The Future of Insurance Distribution: Impact of Technology and Shifting Consumer Behavior” at FIAR 2025 brought together brokers, insurers, insurtech leaders, and European association representatives to explore how the distribution of insurance is being transformed by technology, changing regulation, and evolving customer behavior. While opportunities abound, speakers agreed that regulatory rigidity, misaligned consumer expectations, and bureaucratic hurdles remain major barriers to progress.

The largest CASCO claim paid last year by the Romanian insurers following a flood exceeded reached EUR 135,000. The incident underscores both the growing severity of extreme weather events and the crucial financial protection offered by CASCO insurance in such situations.