News - Insurance
STATISTICS: KAZAKHSTAN, 1Q2025: double-digit growth in premiums and paid claims
At the end of the first quarter of 2025, the insurance sector of Kazakhstan grew by 20.54%, reaching KZT 441.83 billion (EUR 815.07 million). Both life and non-life insurance recorded double-digit growth rates (in tenge), according to data published by the National Bank.
STATISTICS: AZERBAIJAN, 1Q2025: Growth rates of GWP and paid claims were almost the same
The insurance market of Azerbaijan grew by 6.95% in the first quarter of 2025, reaching AZN 399.08 million (EUR 214.77 million). The market growth is supported by life insurance, which rose by almost 15%, while non-life insurance saw a slight decline, according to data published by the National Bank.
Aon announces new appointments within Reinsurance Solutions’ Client Services function
Aon, a leading global professional services firm, announced new appointments within Reinsurance Solutions’ Client Services function, which provides dedicated support to clients through expert claims handling and accounting, ensuring a seamless and responsive experience throughout the claims lifecycle.
Aon appoints Anthony DiLorenzo as Head of US Casualty for Reinsurance Solutions
Aon, a leading global professional services firm, named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions, effective immediately. In his new role DiLorenzo will be responsible for leading casualty broking teams to deliver insights and solutions to clients, combining transactional expertise with data and analytics excellence, the company said in its recent press release.
Generali appoints Chairman and CEO for the three-year period 2025-27
At a meeting at the end of April, the Board of Directors of Generali resolved on the assignment of corporate offices for the three-year period 2025-27, electing Andrea Sironi as Chairman and Philippe Donnet as Managing Director and Group CEO.
KBC Group announces changes in the Board of Directors
At the General Meeting on 30 April 2025, KBC Group nominated Michiel Allaerts as a new director for four years, replacing Theodoros Roussis whose mandate expired after this General Meeting.
AIG has an excellent start in 2025 delivering very strong results in 1Q
American International Group (AIG) in 1Q2025 saw strong top-line growth, with net premiums written (NPW) of USD 4.5 billion, flat y-o-y on a reported basis, but an increase of 8% on a comparable basis, the Group said in its report on first quarter 2025 results.
BELARUS: The limit of payments to insurance agents and brokers adjusted
The limit of payments to insurance agents and insurance brokers has been adjusted in Belarus. The corresponding resolution of the Ministry of Finance dated April 21, 2025, was published on the National Legal Internet Portal, BELTA reports.
Chubb, Zurich, National Indemnity launch a unique facility to deliver excess umbrella liability coverage
Chubb, Zurich North America and National Indemnity have announced a new excess casualty facility that can offer up to USD 100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies.
KYRGYZSTAN: A new law introduces mandatory insurance when registering vehicles, real estate and collateral
On April 24, 2025, a law was signed in Kyrgyzstan that introduces mandatory insurance when registering vehicles, real estate and collateral, economist.kg writes.
LATVIA: life pension insurance is now starting to regain interest
Although the popularity of life insurance has declined over the past two years, this type of insurance is now starting to regain interest among residents, the Latvian Insurers Association (LAA) said.
Munich Re’s overall dividend payout for the 2024 financial year amounts to EUR 2.6 billion
Munich Re’s Annual General Meeting for the 2024 financial year approved a dividend of EUR 20 per share (vs 2023: EUR 15). The overall dividend payout amounts to about EUR 2.6 billion.
SERBIA: the Association of Serbian Insurers urges farmers to insure themselves as the climate is changing rapidly
Before the coronavirus, barely 10% of arable land was insured in Serbia, and now it is around 15%, said the Secretary General of the Association of Serbian Insurers (UOS), Duško Jovanović, osiguranje.hr writes.
Talanx Group starts 2025 with a very good quarter according to preliminary results
The Talanx Group has started the current financial year 2025 with a very good first quarter and has significantly exceeded the analysts' consensus of EUR 467 million with a preliminary consolidated result of EUR 604 (576) million.
TURKIYE: Turkish companies have purchased higher reinsurance protection for a possible major Marmara earthquake
Insurance companies in Turkiye have learned their lesson from the devastating earthquakes on February 6, 2023, and are ready for a possible mammoth Marmara earthquake, according to the president of the Insurance Association of Turkiye (TSB), Mr. Ugur Gulen, Middle East Insurance Review writes.
UKRAINE: In 1Q over half of the MTIBU's regulatory payments were for liabilities of the former Bureau members
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) made 5,242 regulatory payments from the Victims' Protection Fund in the first quarter of 2025 for a total of UAH 290.3 million (~EUR 6.53 million). Compared to the same period in 2024, the number of payments increased by 162%, and the amount - by 155%, Forinsurer reports.
UKRAINE: Insurers elected the composition of the MTIBU Supervisory Board for domestic insurance and Green Card
On April 24, 2025, a General Meeting of members of the MTIBU (Motor (Transport) Bureau of Ukraine) and the General Meeting of full MTIBU members was held, at which insurers elected the composition of the MTIBU Supervisory Board for domestic insurance and activities within the international motor insurance system Green Card, Forinsurer writes.
Vienna Insurance Group saw double-digit growth in gross written premiums and insurance service revenue in 2024
In 2024 Vienna Insurance Group (VIG) had double-digit growth in gross written premiums and insurance service revenue, a strong profit increase and an impressive solvency ratio, once again consolidating its resilience and market leadership in the CEE region.
MetLife enters into an agreement with a subsidiary of Talcott Financial Group to reinsure approximately USD 10 billion of U.S. retail variable annuity and rider reserves
MetLife has entered into an agreement with Talcott Resolution Life Insurance Company (Talcott), a life insurance and annuities subsidiary of Talcott Financial Group, to reinsure approximately USD 10 billion of U.S. retail variable annuity and rider reserves.
MetLife has solid first-quarter performance with favorable underwriting, good volume growth and better variable investment income
MetLife reported first quarter 2025 premiums, fees and other revenues of USD 13.6 billion, up 14%. Adjusted premiums, fees and other revenues were also USD 13.6 billion, up 14% on a reported basis and up 16% on a constant currency basis.
5 May 2025