News - Insurance
The Georgian International Insurance Conference 2025 agenda is now live! Register now!
The highly anticipated Georgian International Insurance Conference 2025, organized by XPRIMM, is set to take place on June 12–13, 2025, at the Sheraton Hotel in Batumi, Georgia. This premier industry event will bring together leading professionals from the insurance and reinsurance sectors to discuss pressing challenges and opportunities shaping the local insurance landscape. ([PDF] georgia - XPRIMM Events)
New appointments in SCOR SE Board of directors
SCOR SE’s shareholders approved yesterday, on the occasion of the Ordinary and Extraordinary Shareholders’ Meeting, the renewal of the terms of office as directors of Fabrice Brégier, Martine Gerow and Fields Wicker-Miurin.
POLAND: PZU CEO Andrzej Klesyk sets out vision for growth, innovation, and market leadership, planning a bold overhaul
Returning as acting CEO of PZU after a 10 years break, Andrzej Klesyk brings with him not only international experience, but a decisive plan to reposition Poland's largest insurer for sustainable growth and restored market dominance.
ROMANIA: fire insurance payouts increased threefold in the last three years; fire remains a major threat to homes
Romanian insurers, members of UNSAR, paid compensation worth RON 67 million (EUR 13.47 million) in 2024 for fire damage to homes insured through facultative policies. The figure is almost 3 times higher than in 2021, showing that fire remain among the main threats to homes in Romania.
AXA’s Board of Directors unanimously decides to propose the renewal of Thomas Buberl’s mandate as a director in 2026
AXA’s Board of Directors has decided to propose the renewal of Thomas Buberl’s mandate as a director, for a four-year term, at the Annual Shareholders’ Meeting to be held in 2026, with the intention of reappointing him as Chief Executive Officer, the company said.
AXA’s Shareholders’ Meeting approves changes to the composition of the Board and payment of a dividend of EUR 2.15 per share
Following its Annual Shareholders’ Meeting held on April 24, AXA announced that all the resolutions submitted to shareholders were approved. The Shareholders’ Meeting approved changes to the composition of the Board and the payment of a dividend of EUR 2.15 per share for the 2024 financial year.
Ray Hall appointed as Head of Western World, an AIG company that offers dedicated wholesale solutions in the contract bind property, casualty and garage segments
American International Group (AIG) announced the appointment of Ray Hall as Head of Western World, effective immediately, the company said.
ARMENIA: In 1Q2025 tax payments of the insurance sector decrease by 7% y-o-y
3 out of 7 insurance companies, operating on the Armenian market, were included into the list of 1000 largest taxpayers of Armenia in 1Q2025, as in the previous year - LIGA Insurance, INGO and Sil Insurance, according to the data of the State Revenue Committee of the Republic of Armenia, ArmInfo writes.
ARMENIA: Of the EUR 5.3 million allocated by KfW for agroinsurance, EUR 500,000 to be used for advisory and technical assistance in the process
On April 23, the Armenian government approved signing of the second agreement on amendments to the financing agreement between the Republic of Armenia and German KfW Development Bank in the amount of about EUR 5.34 million for the Agricultural Insurance Support Program, signed on December 18, 2017 and amended by an agreement of February 6, 2018, ArmInfo reports.
Chubb had a good first quarter overshadowed by the significant catastrophe losses incurred from the California wildfires
Chubb, a world leader in insurance, reported net income for the quarter ended March 31, 2025, of USD 1.33 billion, and core operating income of USD 1.49 billion, according to the company’s press release.
CROATIA: Adriatic osiguranje’s net profit rises 12.38% in 2024 to EUR 4.06 million
Adriatic osiguranje, one of the leading companies on the Croatian insurance market, achieved a net profit of EUR 4.06 million in 2024, which is 12.38% more y-o-y, according to the financial report, osiguranje.hr writes.
CROATIA: Net profit of UNIQA Croatia in 2024 decreased to 4.79 million
UNIQA Insurance, that has been operating in Croatia for 25 years and is part of the UNIQA Group, one of the leading insurance groups in Austria and Central and Eastern Europe, achieved a profit after tax of EUR 4.79 million in 2024, which is less than the previous year when the profit amounted to EUR 6.88 million, osiguranje.hr writes.
KAZAKHSTAN: Implementation of digital platforms makes claim settlement faster and more convenient
Thanks to the DTP.kz platform, created by Freedom Insurance for accelerated processing of insurance payments, the average time for filing a claim is now only 15 minutes, which is significantly ahead of the standard period of 1 to 5 business days.
KYRGYZSTAN: In 2024, insurance companies concluded three times more insurance contracts than the year before
In 2024, total income of 16 insurance companies, operating in the financial sector of the republic, increased almost 2 times y-o-y and amounted to KGS 7.2 billion (~EUR 79.48 million).
MOLDOVA: Donaris VIG continues to strengthen its strategic partnership with maib
Donaris VIG, part of Vienna Insurance Group (VIG), continues to strengthen its strategic partnership with maib, the largest bank in Moldova, by expanding the range of insurance services, the insurer said.
MOLDOVA: Moldasig must find an investor by June 2025, otherwise may lose its license
The Cabinet of Ministers voted to initiate the process of determining public interest for the acquisition of shares of Moldasig insurance company, bizlaw.md reports.
MONTENEGRO: In 1Q net profit of Lovcen Osiguranje almost reached EUR 1.5 million
Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, in 1Q2025 increased its net consolidated profit to EUR 1.49 million from EUR 1.04 million a year earlier, SeeNews reports.
The Annual General Meeting of Generali approves the 2024 financial statements and elects appoints the new Board of Directors
The Annual General Meeting of Generali has approved the financial statements for the year 2024, which closed with a net result of EUR 3,724 million, and announced the distribution to the shareholders of a dividend of EUR 1.43 per share, to be paid as from 21 May 2025.
UZBEKISTAN: In 2024, GROSS ranked first among insurance companies in terms of the number of settled claims
In 2024, GROSS insurance company settled a quarter of all insurance cases in Uzbekistan, according to the report of the National Agency for Prospective Projects (NAPP) “Indicators of the insurance market of the Republic of Uzbekistan in 2024”.
WTW had a solid start to the year in Q1, delivering results in line with the expectations
Revenue of WTW, a leading global advisory, broking and solutions company, for the first quarter ended March 31, 2025, was USD 2.22 billion, a decrease of 5% as compared to USD 2.34 billion for the same period in the prior year.
30 April 2025