News - Insurance
9th Global Insurance Supervision Conference to tackle resilience in a risk-driven world
The International Center for Insurance Regulation (ICIR) and the European Insurance and Occupational Pensions Authority (EIOPA) will jointly host the 9th Conference on Global Insurance Supervision (GIS) under the theme "Building Resilience in a Risk-Driven World", taking place on 3 September 2025 at Campus Westend, Goethe University, Frankfurt.
Bulgarian tech leader Sirma Group sets sights on the top – starting from Frankfurt Stock Exchange
Sirma Group (Sirma), the largest Bulgarian technology company, has unveiled ambitious growth plans as it builds on a successful 33-year track record. Despite a challenging geopolitical landscape, the company reported an impressive 24% year-over-year revenue growth, surpassing BGN 100 million.
STATISTICS: UZBEKISTAN, 1Q2025: market grew by almost 19% y-o-y
In 1Q2025, the insurance sector of Uzbekistan grew by 18.81% y-o-y and amounted to UZS 2.63 trillion (EUR 189.12 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.
STATISTICS: : MOLDOVA, 1Q2025 results: Profit before tax decreased by 46.7% y-o-y
According to the National Bureau of Statistics, the insurance sector of Moldova decreased by 4.90% y-o-y, to MDL 636.29 million (EUR 32.72 million), in the first quarter of 2025. Paid claims amounted to MDL 264.56 million (EUR 13.60 million), which in local currency is 0.80% less than in the first quarter of 2024.
Chubb announces new appointments
Tim Boroughs has been named Vice Chairman, Chubb Group and Executive Chairman, Asset Management. Chris Hogan has been promoted to Senior Vice President, Chubb Group and Chief Investment Officer, Chubb said in its press release.
Jane Slusark joins MetLife as Chief Communications Officer
Jane Slusark will join MetLife as chief communications officer, effective June 9, 2025. In this role, she will oversee the company’s global communications strategy, including internal and external communications and media relations, the company announced.
Aon expands its collaboration with Moody’s Insurance Solutions
Aon, a leading global professional services firm, expands its collaboration with risk data, analytics and technology leader, Moody’s Insurance Solutions. According to Aon, that will reduce latency and accumulation risk for casualty re/insurers, while continuing to drive product innovation in the casualty re/insurance sector.
AZERBAIJAN: Social insurance revenues rose by 14.6% in January-April
Amidst legalization of the number of hired workers and the wage fund, budget revenues from compulsory state social insurance in Azerbaijan from January through April of this year amounted to AZN 2.03 billion (~EUR 1.05 billion), ABC.AZ writes with reference to the State Tax Service. According to the State Tax Service, this is 14.6% more y-o-y.
CYPRUS: International operations of Cypriot insurance companies recorded a significant increase in 2024
International business of insurance companies-members of the Insurance Association of Cyprus (IAC) recorded a significant increase of 21.1% in 2024, reaching EUR 43.3 million from EUR 35.8 million in 2023, according to recent data, cyprusinsurancenews.com writes.
GREECE: EUROPE INSURANCE to expand its activities in Romania
EUROPE INSURANCE has announced the expansion of its activities in Romania under the Freedom of establishment principle, following the approval received on May 15, 2025 by the Bank of Greece, insuranceforum.gr reports.
In 1Q Generali achieves continued strong growth in both operating and adjusted net result
Gross written premiums of Generali in 1Q2025 reached EUR 26.5 billion (+0.2%), driven by the strong performance of P&C (+8.6%), especially in non-motor. Life net inflows recorded a robust growth, exceeding EUR 3.0 billion (+30.4%), primarily driven by Italy and Germany, with the former also showing a material improvement in terms of lapses.
LATVIA: ERGO recognized by “Dive” as the insurance company with the best customer service in Latvia
In the annual customer service evaluation study of the company “Dive”, ERGO was recognized as the insurance company with the best customer service in Latvia, the Latvian Insurers Association (LAA) said.
MOLDOVA: The state will temporarily become a shareholder of Moldasig
The state will temporarily become a shareholder of MOLDASIG S.A. The Public Property Agency will purchase on behalf of the state 480,000 newly issued shares of the company for MDL 137.52 million, bizlaw.md writes.
POLAND: XII Congress of the Polish Chamber of Insurance: the market remains dominated by price competition
Without certainty that all entities operating on the Polish market follow same rules, we cannot talk about true, healthy competition, said Krystian Wiercioch, Deputy Chairman of the Polish Financial Supervision Authority, at the opening of the XII Congress of the Polish Chamber of Insurance.
BELARUS: The past year turned out to be the most "fruitful" in the history of Belarusian insurance
“The past year turned out to be the most "fruitful" in the history of Belarusian insurance, GWP exceeded USD 800 million for the first time”, said Irina Merzlyakova, General Director of the Belarusian Association of Insurers to XPRIMM.
UNIQA Group reports strong growth in 1Q2025
In 1Q2025 premiums written at UNIQA Insurance Group AG, including savings portions from unit-linked and index-linked life insurance, rose by 13.2% to EUR 2,472.5 million compared with the same period of the previous year (1Q2024: EUR 2,184.3 million).
UZBEKISTAN: A.M. Best affirmed Uzbekinvest's financial strength rating at B and long-term issuer credit rating at bb
In May 2025, the international rating agency A.M. Best affirmed Uzbekinvest's financial strength rating (FSR) at B and long-term issuer credit rating (ICR) at bb, with a “Stable” outlook for both ratings, the insurer announced on its website.
Vienna Insurance Group announced a 10.7% increase on the previous year’s dividend and a positive outlook for 2025
A dividend of EUR 1.55 per share, which represents a 10.7% increase on the previous year’s dividend, proposed by the Vienna Insurance Group (VIG) Managing Board and Supervisory Board was approved during the Annual General Meeting.
In 1Q2025 Triglav Group's earnings before tax rise by 25% to EUR 54.3 million
In 1Q2025 Triglav Group's total business volume increased by 18% compared to 1Q2024, reaching EUR 553.7 million, primarily driven by a rise in gross written premium. Gross written insurance, coinsurance and reinsurance premiums grew at the same rate, reaching EUR 530.2 million.
CROATIA: GWP in January-April rise 9.6%, while paid claims decline by 10.2%
GWP collected by insurance companies in Croatia in the first four months of 2025 amounted to EUR 665.7 million, or 9.6% more y-o-y. Of this amount, EUR 106.7 million (16.0%) came from life insurance (+2.2%), and EUR 559.0 million (84.40%) – from non-life (+11.1%), osiguranje.hr writes.
29 May 2025