News - Insurance
Triglav Group is entering a new strategy period to 2030 with ambitious goals set
The Supervisory Board of Zavarovalnica Triglav approved the Audited Annual Report of the Triglav Group and its parent company for 2024. The 2024 annual report is titled "Partners for a safer future".
8 April 2025KAZAKHSTAN: The number of concluded insurance contracts in February up by almost 41% y-o-y
In February 2025, the assets of the insurance sector increased by 1.0% to KZT 3.2 trillion (~EUR 6.08 billion), while the growth of assets since the beginning of 2025 amounted to 3.5% mainly as a result of the growth of income from insurance activities, the Agency for Regulation and Development of Financial Market of Kazakhstan reports.
8 April 2025UKRAINE: Arsenal Insurance joins the League of Insurance Organizations of Ukraine
Arsenal Insurance, which ranks 5th on the market by assets, joined the League of Insurance Organizations of Ukraine (LIOU), Forinsurer reports.
8 April 2025STATISTICS: CYPRUS FY2024: 8.23% overall growth, with a higher dynamic on the life segment
Cypriot insurers reported FY2024 aggregate GWP of EUR 1.31 billion, up by 8.23% y-o-y, according to the year-end market figures report published by the Insurance Association of Cyprus - IAC. One should note that statistical information for 2023 were reconsidered, since the moment we have published the FY2023 analysis
3 April 2025STATISTICS: ROMANIA FY2024: insurance market grows 11% in 2024, reaching RON 23.4 billion
The total gross written premiums (GWP) in Romania’s insurance market—covering companies authorized and supervised by the Financial Supervisory Authority (ASF) and foreign branches—reached RON 23.4 billion (EUR 4.7 billion) in 2024, marking an 11% increase compared to the previous year.
3 April 2025GDV: Is FiDA a driver for digital transformation, or just another costly regulatory burden?
On the upcoming start of the trilogue of the Financial Data Access Regulation (FiDA), the German Insurance Association (GDV) warns of massive burdens due to the planned system for passing on customer data to third parties, an article published on the GDV website reads.
3 April 2025Arch Insurance International appoints Alex Clark as Healthcare Underwriting Manager
Arch Insurance International (Arch) announced the promotion of Alex Clark to Healthcare Underwriting Manager effective immediately.
3 April 2025ROMANIA: MTPL payouts surge by 38% amid rising accident rates in Romania
Total compensations paid by Romanian insurers for MTPL claims increased by 38% last year, reaching EUR 944 million. Moreover, payouts from the Policyholders Guarantee Fund (FGA) rose by ~ 48%, alongside insurers’ technical reserves. In total, the MTPL insurance sector’s financial obligations rose to about EUR 1.59 billion.
3 April 2025EU Omnibus package: insurers back EC’s proposal delay to sustainability
The insurance industry backs the European Commission’s proposal to temporarily suspend putting into law the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) until 2028 while the rest of the omnibus package is negotiated.
3 April 2025STATISTICS: KYRGYZSTAN, FY2024: personal insurance has the most impressive GWP growth, while compulsory - the most impressive growth in paid claims
The insurance sector of Kyrgyzstan at the end of 2024 grew by 71.32%, reaching KGS 5,202.01 million (EUR 57.43 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
1 April 2025STATISTICS: BELARUS, FY2024: GWP and paid claims recorded double-digit growth
At the end of 2024, the insurance sector of Belarus amounted to BYN 2,616.99 million (EUR 722.01 million), which is 18.10% more y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.
1 April 2025ARMENIA: Ministry of Health: Insurance coverage in Armenia may reach 80% in 3 years
Insurance coverage in Armenia will reach 80% in 3 years if work in this direction begins on January 1, 2026, as stated by Armenian Health Minister Anahit Avanesyan, ArmInfo writes.
1 April 2025BELARUS: Unified motor insurance policies to go on sale on April 23, 2025
Sales of unified motor insurance policies in Belarus and Russia will begin on April 23, 2025, according to the Ministry of Finance of Belarus, BELTA reports.
1 April 2025ESTONIA: EKsL: the number of staged insurance fraud cases was the highest ever last year
According to the Estonian Insurance Association (EKsL), insurance investigators proved 561 insurance frauds committed last year, with attempts to defraud over EUR 2 million. The Association noted that the number of staged or intentionally provoked insurance cases was the highest ever last year - 160 cases with a total amount of EUR 800 thousand.
1 April 2025KYRGYZSTAN: the draft Law "On Insurance and Insurance Activities" aimed at updating and harmonizing the insurance legislation
On March 20, 2025, the draft Law of the Kyrgyz Republic "On Insurance and Insurance Activities" in a new version, developed by the Financial Supervision Authority in order to update and harmonize the insurance legislation, was adopted in the third reading, according to the website of the State Financial Supervision Authority.
1 April 2025LATVIA: Citizens are increasingly choosing accident insurance; paid claims also growing
Citizens in Latvia are increasingly choosing to insure themselves against accidents, and last year GWP in the segment rose by 12%, reaching EUR 20.1 million. Consequently, paid claims also grew by 10%, to EUR 7.6 million, according to data from the Latvian Insurers Association (LAA)*.
1 April 2025LATVIA: The first Latvian insurance forum to be held on April 4
The first Latvian insurance forum will be held on April 4, bringing together representatives of insurance companies and brokers to discuss current issues and development directions in the industry. The forum also includes practical workshops, the Association announced.
1 April 2025LITHUANIA: Record number of disputes resolved last year, almost half of them were consumer disputes with insurance companies
The Bank of Lithuania processed a record number of consumer disputes last year. The number of disputes with insurers recorded an increase, while the number of disputes with banks was significantly decreasing, the Bank said.
1 April 2025MONTENEGRO: III Montenegrin Insurance Days: the insurance industry plays the key role as a significant social investor
Organized by the National Insurance Bureau of Montenegro (NBOCG), the III Montenegrin Insurance Days, a conference called “Insurance continuously seeks new knowledge”, brought together more than 120 registered participants, including leading insurance experts from Montenegro, the region and Europe, the Bureau said.
1 April 2025MONTENEGRO: the total assets of Lovcen Osiguranje rose to EUR 82 million in 2024
The net consolidated profit of the Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, rose to EUR 3.96 million in 2024 from EUR 2.83 million a year earlier, SeeNews reports.
1 April 2025
