News - Insurance
STATISTICS: GEORGIA, FY2024: double-digit growth in GWP and paid claims
In 2024, GWP collected by insurance companies in Georgia reached GEL 1.25 billion (EUR 429.74 million), which is 18.41% more y-o-y, as the data published by the Insurance Supervision Service of Georgia show.
STATISTICS: POLAND FY2024: floods and extreme weather events led to record-breaking claims payments
In 2024, Polish insurers paid out a record-breaking 50.3 billion PLN (EUR 11.76 billion) in claims and benefits, marking a 13.6% increase y-o-y. Notably, natural disaster-related payouts surged by 64.1% to 3.7 billion PLN (EUR 865 million), primarily due to floods and other extreme weather events. At the same time, gross written premiums rose by 8.9% y-o-y, to PLN 85.7 billion.
Aegon announces the nomination of new members of its Board of Directors
The Dutch insurer Aegon announced the nomination of David Herzog, Lori Fouché and Jay Ralph as new members of its Board of Directors at the company’s Annual General Meeting of shareholders (AGM) which will be held on June 12, 2025.
Aon names Soeren Soltysiak as Asia CEO of Reinsurance Solutions and Musa Adlan as managing director
Aon, a leading global professional services firm, named Soeren Soltysiak as Asia CEO of Reinsurance Solutions, effective 1 April 2025.
KBC Group proposes Ms. Kristine Braden and Ms. Line Hestvik as new independent members to the Board of Directors
The Board of Directors of KBC Group has decided to propose Ms. Kristine Braden and Ms. Line Hestvik to the General Meeting of Shareholders as new non-executive, independent directors on the Board of Directors of KBC Group and members of the Risk and Compliance Committee and the Nomination Committee of KBC Group.
Marsh appoints new CEO Bowring Marsh Bermuda
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the appointment of Lindsay Roos as CEO, Bowring Marsh Bermuda, its Bermuda-based international placement specialist, effective immediately.
UKRAINE: Igor Gordienko to become a member of the INGO Supervisory Board
Igor Gordienko will become a member of the Supervisory Board of INGO, which is among the top 5 non-life insurers in the country.
Aegon’s Integrated Annual Report 2024: The progress made in 2024 reflects the ability to adapt and grow in a changing environment
The Dutch insurer Aegon has published its Integrated Annual Report 2024, which contains the company’s financial and non-financial results, as well as a detailed overview of the company and its various businesses. The report provides an analysis of Aegon’s business environment in 2024 and describes how the company brought its purpose and strategy to life during the year.
Aon report: a competitive reinsurance market resulted in improved pricing for most insurers at April 1 renewals
A competitive reinsurance market resulted in improved pricing for most insurers at April 1 renewals, driven by enhanced reinsurer results and relatively benign natural catastrophe loss activity across the region, the latest Aon’s report in its Reinsurance Market Dynamics series emphasized.
AXA completes the acquisition of a predominantly Retail P&C insurance company in Italy
AXA has completed the acquisition of Gruppo Nobis (Nobis), a predominantly Retail P&C insurance company in Italy, benefiting from a well-diversified distribution network, that includes multi-tied agents and car dealer partnerships.
AZERBAIJAN: The market rises 17.3% in January-February
In January-February 2025, GWP of 16 insurance companies operating in Azerbaijan amounted to AZN 281.20 million (~EUR 158.87 million), which is 17.3% more y-o-y, ABC.AZ writes with reference to the Central Bank.
CROATIA: The Croatian Insurance Days 2025 to take place on 14-16 May
The largest and most important annual gathering for the insurance industry will once again be held in Opatija, from 14-16 May, at the Amadria Park Grand Hotel 4 Opatijska Cvijeta, osiguranje.hr writes.
Generali completes the share acquisition of Generali China Insurance Company Limited
Generali announced the completion of the share acquisition of Generali China Insurance Company Limited (GCI). Having received all regulatory approvals, Generali now has full ownership of its Property and Casualty (P&C) insurance business in China, the company said.
Groupama’s 2024 annual results: despite a turbulent economic and geopolitical environment, the group demonstrates the solidity and strength of its mutual model
French insurer Groupama’s economic operating income increased to EUR 954 million at 31 December 2024, up 52% compared with 31 December 2023. It came from property and casualty insurance for EUR 429 million (vs EUR 316 million) and health and protection insurance for EUR 299 million (vs EUR 233 million).
MetLife is among the Fortune 100 Best Companies to Work For in 2025
This is the third consecutive year that MetLife, a global leader in insurance solutions, has earned a spot on the Fortune 100 Best Companies to Work For list in 2025.
MetLife named as a 2025 CIO 100 Award Winner
MetLife, a global leader in insurance solutions, has been named as a 2025 CIO 100 Award Winner by Foundry CIO for My Leave Navigator. For almost 30 years, the CIO 100 Awards have recognized innovative organizations that exemplify the highest level of strategic and operational excellence in IT, the company said.
POLAND: Rankomat: The average price of third-party liability insurance rises 19.7% in the first quarter
In the first quarter of this year, the price of third-party liability insurance for motor vehicle owners was on average PLN 118 higher than in the same period of 2024. In some regions, price increases even exceeded PLN 150, as data collected by Rankomat show, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
PZU once again becomes the Best Insurer in Poland
PZU has once again become the Best Insurer in Poland in the mojebankowanie.pl portal competition, confirming its high level of customer service. PZU has become a leader in two categories - service at a branch and remote communication. In the assessment of online travel insurance purchases, it ranked third.
Sava Insurance Group achieves record profit after tax in 2024
Sava Insurance Group announced that the supervisory board of Sava Re d.d. approved the audited Annual Report of the Sava Insurance Group and Sava Re d.d. for 2024. The Sava Insurance Group achieved strong results in 2024, surpassing its financial targets and generating a net profit of EUR 87,846,542.
SCOR SE placed under examination in connection with a judicial investigation in France
SCOR SE has been placed under examination as a legal entity in connection with a judicial investigation in France related to facts attributed to an association which allegedly attempted to obstruct the acquisition of Partner Re by the Covéa group in 2022.
9 April 2025