News - Insurance
UNSAR: Top 10 largest home insurance claims in Romania exceed RON 6 million; fire and earthquake remain the leading homeowners’ concerns
The top 10 largest home insurance payouts for fully insured properties in Romania exceeded RON 6 million in the first nine months of last year, according to an industry analysis provided by the National Union of Insurance and Reinsurance Companies of Romania (UNSAR) shows.
ICIR and EIOPA announced the date of the 9th Conference on Global Insurance Supervision
The 9th Conference on Global Insurance Supervision: Global Insurance Supervision: Building Resilience in a Risk-Driven World will take place on 3 September 2025 at Campus Westend, Goethe University, Frankfurt am Main, Germany, the International Center for Insurance Regulation (ICIR) and the European Insurance and Occupational Pensions Authority (EIOPA) announced.
Apollo appoints Rob Littlemore as independent non-executive director
Apollo, the innovative integrated insurance group, today announces the appointment of Rob Littlemore as independent non-executive director of Apollo Syndicate Management Limited (“ASML”), subject to regulatory approval.
Polish Chamber of Insurance appoints Artur Dziekański as new spokesperson
The Polish Chamber of Insurance (PIU) has appointed Artur Dziekański as its new Spokesperson and Head of Communications. With extensive experience in corporate communications, financial reporting, and crisis management, Dziekański is set to enhance PIU’s public relations strategy and industry outreach.
Optio Group expands into Scandinavia with latest acquisition
Optio Group, an independent specialty MGA, announced it has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed sum, subject to regulatory approval.
POLAND: Record EUR 4.4 billion in motor insurance payouts in 2024 amid rising claims and costs
The Polish insurance sector recorded an all-time high in motor insurance payouts in 2024, with insurers disbursing PLN 19.24 billion (EUR 4.4 billion) in claims from MTPL insurance and Motor own Damage (MoD) policies. This marks a PLN 3 billion increase compared with 2023, according to Insurance Guarantee Fund (UFG) as quoted by Gazeta Ubezpieczeniowadata.
STATISTICS: LITHUANIA FY2024: the market has exceeded the threshold of EUR 1.5 billion
During 2024, the Lithuanian insurance market grew by 8.96% y-o-y (or by EUR 130.25 million) to EUR 1.58 billion, while the value of payments expanded by 11.4% y-o-y to EUR 704.67 million, according to the market figures published by the Bank of Lithuania – Lietuvos Bankas.
STATISTICS: KOSOVO FY2024: market profitability continued to improve; MTPL insurance still dominates the portfolio
According to the Central Bank of the Republic of Kosovo, the local market grew by 14.63% y-o-y, to GWP worth EUR 167.9 million. At the same time, paid claims reached EUR 76.60 million, which is 8.44% higher than in 2023.
STATISTICS: ESTONIA FY2024: stagnant life insurance business and a rather modest growth on the non-life insurance side
At the end of 2024, the insurance market of Estonia totaled EUR 685.43 million in terms of GWP, up by 7.36% y-o-y, according to the year-end market data published by the Estonian National Statistics Board.
Andrzej Klesyk to head the PZU Management Board
On 27 February 2025, the PZU SA Supervisory Board adopted a resolution on appointing Andrzej Klesyk to the company's management board, entrusting him with the function of the President of the PZU SA Management Board, subject to approval of the Polish Financial Supervision Authority.
GREECE: EAEE elected its new Board of Directors for the two-year period 2025-2026
The Hellenic Association of Insurance Companies (EAEE) on February 25 elected its new Board of Directors for the two-year period 2025-2026.
Kera McDonald appointed Swiss Re’s Group Chief Underwriting Officer as of 1 June and Patrick Raaflaub to retire by the end of September 2025
Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval.
MetLife elects Christian Mumenthaler to its Board of Directors
MetLife, one of the world’s leading financial services companies, announced that Christian Mumenthaler has been elected to its board of directors, effective May 1, 2025.
SCOR announces appointment of Vikas Mahajan as Head of Agriculture and retirement of René Kunz
SCOR announced retirement of René Kunz, Head of Agriculture at SCOR P&C, after nearly 20 years of dedicated service to the role and the Group. He will be succeeded by Vikas Mahajan, effective May 1st, while René will remain at SCOR until July to ensure a smooth transition, the company said.
ALBANIA: GWP of Albanian insurers reach EUR 20 million in January
Total GWP of Albanian insurers increased to ALL 1.98 billion (EUR 20 million) in January, up by 11.37% y-o-y, SeeNews reports.
Aviva had another year of excellent performance and consistent delivery
Aviva, one of the UK’s leading Insurance, announced its 2024 results. According to the company’s press release, the Group’s operating profit was up 20% to GBP 1,767 million (vs 2023: GBP 1,467 million).
AZERBAIJAN: An event titled "Agricultural Insurance in Azerbaijan: Development and Perspectives" was held in Baku
According to the Chairman of the Board of the Agricultural Insurance Fund of Azerbaijan Fuad Sadigov, the insurance service is readily accessible to 96% of the crop areas in Azerbaijan.
Bosnia and Herzegovina: net profit of Grawe Osiguranje Sarajevo in 2024 rises 74%
Bosnia's Federation-based insurer Grawe Osiguranje Sarajevo, a member of Austrian insurance group Grawe, in 2024 increased its net profit by 74% to BAM 6.1 million (EUR 3.1 million), SeeNews wrote.
Chubb has leadership changes in Europe, Middle East and Africa and North America
Chubb, a world leader in insurance, announced that Ana Robic, Senior Vice President, Chubb Group and currently Division President of Personal Risk Services (PRS), Chubb North America, has been appointed Regional President of Europe, Middle East and Africa, the company said in its press release.
CROATIA: Non-life insurance generated over 85% of GWP in January
The total GWP collected by Croatian insurers in January of 2025 reached EUR 153.5 million, which is 10.17% higher y-o-y. Of that total, EUR 22.8 million (14.8%) relates to life insurance, and EUR 130.8 million (85.2%) – to non-life insurance, osiguranje.hr reports.
4 March 2025