Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the appointment of Andrew George as President of Marsh Specialty, effective immediately.

The Latvian insurance market saw a 10% increase in GWP, in 2024, to almost EUR 1.23 billion, data provided by the National Bank of Latvia show. However, in the context of decreasing inflation, the market growth pace also slowed last year, as compared with 2023. The growth in claims paid was also slower, of only 5%.

In 2024, the insurance market increased by 62.8%, to RUB 3.7 trillion (EUR 35.06 billion, +52%), significantly outpacing economic growth. The ratio of insurance premiums to GDP increased by 0.6 percentage points, to 1.9% in 2024, according to a review of key performance indicators of insurers published by the Central Bank.

At the end of 2024, the insurance sector of Uzbekistan grew by 21.22% y-o-y and amounted to UZS 9.77 trillion (EUR 727.16 million), according to the data published by the National Agency of Prospective Projects (NAPP).

On the Armenian insurance market, the MTPL loss ratio has been declining in 2025 - in March it was 77.5% (vs 90.8% last year), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo reports.

The insurance companies operating in Bosnia’s Federation generated total GWP of BAM 122.4 million (EUR 62.6 million) in January-February 2025, up 3.6% y-o-y, SeeNews writes with reference to the Insurance supervision agency.

The assets managed by Bulgarian insurance companies rose by 6.6% y-o-y to BGN 11.5 billion (EUR 5.9 billion) at the end of 2024, SeeNews reports with reference to the central bank.

In 2024 GWP of Generali rose to EUR 95.2 billion (+14.9%), thanks to significant growth in both Life and P&C. Life net inflows were very positive at EUR 9.7 billion entirely driven by protection and unit-linked, in line with the Group’s strategy, reflecting the strong product offering and the Group’s highly effective distribution network.

The cost of insurance in Georgia in 2025 may increase by more than 10%. According to the CEO of ARDI, which is a major player in the market, businesses will have to increase prices for life and motor insurance by 10 to 15% due to inflation, Business Georgia writes.

Total revenue of the Georgian insurance sector in 2024 increased to GEL 1.26 billion (~EUR 0.43 billion), which is GEL 200 million more than in 2023, as stated by the Chairman of the Insurance State Supervision Service of Georgia David Onoprishvili, Business Georgia writes.

In 2024, Ethniki Insurance recorded a 15.8% increase in GWP, significantly exceeding the market average of 8.7%. As a result, the company’s market share is expected to reach 14.6% from 13.7% in 2023, the insurer said.

Hannover Re, one of the world’s leading reinsurers, announced that it substantially increased the Group net income in the 2024 financial year and intends to enable its shareholders to participate in the favourable business performance with a 25% higher total dividend, the Group said in its press release.

Dutch insurer Achmea announced strong revenue and profit growth in 2024, its operational result increased to EUR 845 million, the company said in its press release.

In 2024, the UNIQA Group achieved a strong result despite high claim payments as a result of extraordinary natural catastrophes. According to the Group’s report, net consolidated profit (up 14.9% to EUR 348 million), earnings before taxes (up 3.6% to EUR 442 million) and premiums written (up 9.1% to EUR 7.8 billion) all grew significantly.

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, announced its preliminary results for Full Year 2024. The full results will be released on 20 March 2025, accompanied by guidance on expectations for Lloyd’s Full Year 2025 results, according to the press release.

The National Insurance Bureau of Montenegro announced III Montenegrin Insurance Days - this year’s third Conference opens its doors to all interested participants from the industry who want to stay up to date with innovations, professional educational content, who are looking for practical solutions to turbulent challenges and who want to expand their network of business contacts.

NN Group, an international financial services company, published its 2024 Annual Report “Anticipate today, benefit tomorrow”.

Azerbaijan has published a report on the complaint index for compulsory motor insurance for the period from March 2024 to February 2025. According to the Central Bank, the highest complaint index among insurance companies belongs to one of the market leaders - PAŞA Sığorta.

According to the survey conducted by the Association of Insurance Companies of Greece (AAEE) among its member Insurance Companies, the total premium production in 2024 increased by 8.7% compared to the previous year, amounting to EUR 5.68 billion.

The Turkish insurance sector grew by 72.5% to TRY 838.5 billion (EUR 22.78 billion) in 2024, according to data from the Insurance Association of Türkiye (TSB). In European currency, due to the exchange rates differences, the market change was ~53% y-o-y.