News - Insurance
Aon’s first quarter performance marks a strong start to 2025
In the first three months ended March 31, 2025, Aon’s total revenue increased 16% to USD 4.7 billion compared to the prior year period, reflecting the contribution from NFP, 5% Organic revenue growth and a 2% unfavorable impact from foreign currency translation, the company reported.
STATISTICS: SLOVAKIA FY2024: motor and property insurance lines pushed up claims expenses
At the end of 2024, the Slovak insurance market totaled EUR 2.08 billion, 7% more y-o-y, according to the Q4 2024 Data of the Financial Sector published by the National Bank of Slovakia (NBS).
STATISTICS: BULGARIA FY2024: Motor lines drove the overall increasing claims costs
Bulgarian insurance market reported FY2024 GWP worth BGN 4.68 billion (EUR 2.39 billion), up 6.5% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 5.9% to BGN 774 million, while non-life insurers' GWP rose by 6.67% to BGN 3.9 billion. Overall, the portfolio structure remained almost unchanged.
ROMANIA: Record payouts for storm damage highlight growing climate risks and rising demand for home insurance
In 2024, Romanian insurers paid out a record 56 million lei in compensation for storm-related damage to homes under voluntary insurance policies, a 120% increase compared to 2023, according to a press release by UNSAR – the National Union of Insurance and Reinsurance Companies of Romania.
Philipp Rüede appointed CEO of SCOR Life & Health
Scor announced the appointment of Philipp Rüede as the new CEO SCOR Life & Health and a Member of the Executive Committee, replacing Frieder Knüpling who stepped down in July 2024. He will take up his position on 1 June 2025.
Swiss Re appoints Bernhard Kaufmann Group CRO to replace retiring Patrick Raaflaub
Swiss Re announced today that Bernhard Kaufmann will succeed Patrick Raaflaub as Group Chief Risk Officer as of 1 October 2025. He will take over the position from Patrick Raaflaub, who will retire.
Artur Fromberg appointed to the PZU Życie SA Management Board
On April 16, 2025, the Supervisory Board of PZU Życie SA decided to appoint Artur Fromberg to the Management Board, effective immediately, the company said.
New appointment to the Achmea's Supervisory Board
Else Bos was appointed as a member of Achmea's Supervisory Board at the recent Annual General Meeting. Petri Hofsté and Roel Wijmenga have stepped down from the Supervisory Board, as their terms of appointment have come to an end, the insurer said.
2024 Financial Condition Report: Swiss Re´s capital position remained strong
Swiss Re published the 2024 Financial Condition Report for the Swiss Re Group and its regulated re/insurance entities domiciled in Switzerland for the reporting period ended 31 December 2024.
Achmea's Annual General Meeting approves a dividend payment of EUR 335 million
Achmea's Annual General Meeting adopted the financial statements for 2024 and approved a dividend payment of EUR 335 million. This is the first year in which the Dutch insurer Achmea reports on the material sustainability aspects of its business operations, in accordance with the Corporate Sustainability Reporting Directive (CSRD).
ARMENIA: MTPL loss ratio at the end of 1Q amounts to 79%
The MTPL loss ratio on the Armenian insurance market has been declining since the beginning of 2025, and at the end of 1Q it amounted to 79% (vs 86% a year earlier), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo writes.
CROATIA: Net profit of HOK osiguranje in 2024 rises by almost 59%
HOK osiguranje d.d., that has been present on the insurance market in Croatia since 2001, achieved a net profit of EUR 3.52 million at the end of 2024, which is 58.76% more y-o-y, according to the financial report on the company's website, osiguranje.hr writes.
CYPRUS: Acquisition of Ethniki Insurance is part of Bank of Cyprus’ strategic plan to expand its insurance activities
Bank of Cyprus Holdings Public Limited Company announced the signing of a binding agreement with the Hellenic General Insurance Company “Ethniki” for acquisition of 100% of Ethniki Insurance (Cyprus) Ltd.
KAZAKHSTAN: the number of road accidents increases by 55.2% in 1Q2025
The accident rate on Kazakhstan's roads has increased: 31.6 thousand road accidents were recorded in January-December 2024 - twice as many as in 2023, according to the ranking.kz portal.
KAZAKHSTAN: Kazakhstan plans to introduce mandatory housing insurance against natural disasters
Kazakhstan plans to introduce mandatory housing insurance against natural disasters. This insurance will cover such risks as earthquakes, floods, high waters and forest fires, according to the advisory document of the regulatory policy, published on the portal "Open NPA (regulatory acts)", Kapital.kz reports.
KYRGYZSTAN: From January to April, the State Insurance Organization paid over KGS 19 million to victims
For the period from January 1 to April 11, 2025, the State Insurance Organization (GSO) of Kyrgyzstan paid KGS 19.02 million (~EUR 0.19 million) to clients and victims, vesti.kg writes.
Marsh has a solid start to the year with 9% revenue growth
Consolidated revenue of Marsh, the world’s leading insurance broker and risk advisor, and a business of Marsh McLennan, in the first quarter of 2025 was USD 7.1 billion, an increase of 9% compared with the
POLAND: UNIQA recognized as the best insurance company in Poland
The jury of the competition of leaders of the global financial market awarded UNIQA the title of "Best Insurance Company in Poland", the press service of UNIQA reports.
TURKIYE: Losses in MTPL continue to increase
Motor insurers are under cost pressure in the MTPL segment as losses continue to increase, according to the vice president of the Insurance Association of Turkiye (TSB), Mr Ahmet Yasar, Middle East Insurance Review writes.
UZBEKISTAN: Financial risk insurance has tripled in 3 years, significantly outpacing overall market growth
In recent years, financial risk insurance and property insurance have become increasingly important in the structure of the insurance market of Uzbekistan, which is facilitated by growing inward reinsurance. At the same time, life insurance has sharply decreased after abolition of tax incentives in 2023: its share fell from 25% in 2022 to only 2% in 2024, uzdaily.uz writes.
28 April 2025