Following the success of its inaugural edition, the EERIA Summer School returns this July to the picturesque city of Ohrid, Macedonia, promising another week of in-depth learning, strategic insights, and professional networking for insurance experts across Europe and beyond.

Austrian insurance group Grazer Wechselseitige Versicherung AG (GRAWE) has announced a major expansion move into Southeastern Europe by acquiring a 98.7% stake in Prime Insurance Company Ltd., a leading Cypriot insurer. The deal, subject to regulatory approval, marks GRAWE’s first foray into the Cypriot insurance market as a primary insurer.

Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) held its 34th Annual General Meeting today at the Wiener Stadthalle, where shareholders approved key resolutions, including a notable dividend increase.

At the invitation of the Government of the Republic of Moldova, Vienna Insurance Group (VIG) has submitted a bid for the acquisition of 80% of the shares of MOLDASIG S.A., the Austrian group announced. The transaction aims at increasing stability and excellence in the field of risk protection.

According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 7.8% y-o-y in the first quarter of 2025, reaching EUR 37.16 million

According to data provided by the Croatian Financial Services Supervisory Agency (HANFA), the 14 insurance companies operating on the market reported total premium collected in Q1 2025 of EUR 493 million, of which EUR 76.8 million (-1.12% y-o-y) related to life insurance premium and EUR 416.15 million (+11.21% y-o-y) to non-life insurance premium.

Angelo Colombo has been appointed as Chief Executive Officer, AIG Latin America and the Caribbean (LAC), effective June 2, 2025, subject to regulatory approval, as American International Group (AIG) announced.

Aon, a leading global professional services firm, has appointed Lambros Lambrou to serve as Chief Strategy Officer for Aon, effective immediately, the company said.

In 1Q2025, total net profit of the Armenian insurance sector grew by 82.3% y-o-y (vs a 73% decline a year earlier) and reached AMD 807.2 million (USD 2.1 million), ArmInfo writes.

UK insurer Aviva reported its General Insurance premiums up 9% to GBP 2.9 billion in 1Q2025 (1Q24: GBP 2.7 billion). UK&I GI premiums rise 12% to GBP 2.0 billion (1Q24: GBP 1.8 billion) with 8% growth in Personal Lines and 15% growth in Commercial Lines, reflecting strong new business and the acquisition of Probitas.

The dynamics of the last two years shows a significant increase in the indicators of the Belarusian

Market trends, strategic guidelines and current challenges shaping the insurance market in Croatia and Europe were discussed by almost 450 leading experts at the largest regional insurance industry gathering – Croatian Insurance Days 2025 in Opatija from 14 to 16 May 2025, osiguranje.hr writes.

In the first quarter of 2025 the results of the Bank of Cyprus Group in the insurance sector are characterized by a significant increase in profitability and strategic expansion, confirming the growth path of the organization’s insurance business, cyprusinsurancenews.com writes. It is noted that acquisition of Ethniki Insurance (Cyprus) further strengthens the Group’s position.

According to the Estonian Insurance Association (EKsL), 9,100 property insurance claims caused by pipe leaks were paid last year, with the total loss being the highest ever, reaching EUR 23 million. As the Association said in its statement, pipe leaks accounted for 44% of all building property insurance losses.

French insurer Groupama’s international entities have been rewarded for their products and customer support - Bulgarian, Greek, Hungarian, Italian, Romanian, Chinese, and Tunisian entities have been recognized with various awards.

Hannover Re reported Group net income for the first quarter that was 13.9% lower y-o-y due to considerable natural catastrophe losses. Thanks to the healthy underlying business, the company nevertheless remains well on track to achieve the targets set for the current financial year, according to the Group’s press release.

The Dutch insurer Aegon’s operating capital generation (OCG) before holding funding and operating expenses increases 4% to EUR 267 million in 1Q. As the insurer said in its press release, it reflects business growth partially offset by unfavorable mortality experience in the US.

The first quarter of 2025 became a period of new records for the life insurance market in Kazakhstan. According to Freedom Life insurance company specialists, this segment is becoming an integral part of the financial strategy of an increasing number of Kazakhstanis, Allinsurance.kz writes.

In 1Q2025, Munich Re generated a net result of EUR 1,094 million (2,115 million). Insurance revenue from insurance contracts issued rose to EUR 15,811 million (15,061 million). The total technical result fell to EUR 2,054 million (2,646 million), which was primarily attributable to high major-loss expenditure in reinsurance, according to the Group’s statement.

Nearly one quarter (23%) of respondents in the “Financial Portrait of Poles” study conducted by Maison&Partners for Business Insider and PKO BP have only compulsory insurance and do not intend to purchase any voluntary policy. On the other hand, 65% of respondents used various insurance products, including non-compulsory ones, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.