News - Insurance

POLAND: In 2024 UNIQA achieved record financial results on the Polish market

UNIQA in Poland ended 2024 with total GWP of PLN 5.5 billion (~EUR 1.28 billion), which is 18.9% more y-o-y. The insurer recorded a 20.7% increase in the property and 11.2% in the life insurance segment. The group's gross profit in Poland (according to the IFRS17) amounted to PLN 371.3 million, which is the highest result in history, the company said.


PZU Group to be transformed into a holding

In 2024, the PZU Group increased its gross insurance revenues by PLN 2.6 billion to PLN 29.4 billion, or 9.5% y-o-y. Net profit attributable to shareholders of the parent company exceeded PLN 5.3 billion, with a high adjusted ROE ratio of 18%, PZU said in its statement.



FIAR 2025: The future of insurance in focus; Online registration is open.

The forthcoming edition of FIAR – The International Insurance-Reinsurance Forum will once again bring together top industry professionals to discuss key trends and challenges shaping the insurance and reinsurance landscape. The Forum will take place in Sinaia, Romania, between 25 – 27 May.



Vienna Insurance Group successfully placed a Tier 2 Sustainability Bond

VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe ("VIG") announced it successfully placed on 26 March 2025 Subordinated Fixed to Floating Rate Tier 2 Notes with scheduled maturity on 2 April 2045 in an aggregate principal amount of EUR 300 million (the "Notes") with institutional investors in Austria and abroad.


STATISTICS: MOLDOVA FY2024: 25% increase in the claims paid, driven by the property and motor insurance lines

According to the National Bureau of Statistics, the insurance sector of Moldova grew by 10.75% to MDL 3,251.61 million (EUR 168.38 million) at the end of 2024. At the same time, paid claims grew by 25.3% and reached MDL 1,283.32 million (EUR 66.46 million).

97% of total GWP is generated in non-life insurance, while the share of life insurance continued to decline and now is only a little above 3%. Motor insurance, as always, remains the leading segment in the market portfolio (70.97%). All insurance classes recorded a positive dynamic in 2024.

As for the paid claims’ dynamics by insurance classes, it is worth noting their decrease by 3.4% in life insurance while all non-life insurance lines recorded a rather significant growth of the claim expenses. Property insurance recorded a more than double value of the paid claims, most probably because of the repeated flooding episodes.

As the Bureau notes in its report, in 2024, insurers' revenues and expenses increased by 15.3% and 18.7% respectively y-o-y. Profit before tax decreased by 19.6% compared to the previous year

Access xprimm.com and download the latest Moldovan insurance market statistics in MDL and EUR.



Cumulus Re Cat Bond renews 45% larger, shows Cloud Outage risk can be “tamed”

Parametrix, the provider of digital business interruption risk analytics and solutions, has structured and placed Cumulus Re II, a USD 20 million cloud outage catastrophe bond for Hannover Re, providing retrocessional protection for 2025-26. The larger issue attracted more investors, while Cumulus Re I remained undrawn in its first year.

Romania: employers boost private health insurance offerings amid rising demand

Romanian employers are increasingly including private health insurance in employee benefit packages, with annual coverage ranging from EUR 300 to EUR 1,200 per employee. Demand has doubled since the pandemic, as companies seek to attract and retain talent in an increasingly competitive job market, according to The Brokers Romania.