Hellenic Bank presented strong financial results for 2024, confirming its growth trend and strategic commitment to strengthening its position in the insurance sector of Cyprus, cyprusinsurancenews.com wrote.

In 2024, ERGO paid out EUR 212 million to customers in the Baltic States, of which EUR 56 million in Latvia, EUR 101 million in Lithuania, and EUR 55 million in Estonia, the Latvian Insurers Association (LAA) said in its press release.

Last year, over 250,000 insurance cases occurred, and insurance dispute statements were submitted to the conciliation body for 505 of them. 227 statements were related to motor third party insurance and 89 – to home insurance, which is 13% more y-o-y.

Munich Re in 2024 posted a net result of EUR 5,671 million, which is higher than the original profit target of EUR 5.0 billion.

Allianz announced its 4Q2024 and FY2024 results. In 2024 total business volume increased strongly by 11.2% to EUR 179.8 billion. Adjusted for foreign currency translation and consolidation effects, internal growth was 11.9%. The Life/Health business was the main growth driver, with strong contribution also from the Property-Casualty segment.

In 2024, the life insurance segment led in terms of growth among all segments of the financial market in Kazakhstan.

The Polish Chamber of Insurance announced that the 12th edition of its Congress will be held on May 21–22 at the Sheraton Sopot Hotel. The motto of this year's Congress will be "Competitiveness".

Swiss Re reported a net income of USD 3.2 billion in 2024, with a net income of USD 1.1 billion for the fourth quarter and a return on equity (ROE) of 15.0% for the full year. The Board of Directors will propose a dividend of USD 7.35 per share, the company said in its press release.

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) made 1,331 regulatory payments from the Victims Protection Fund in January 2025 for a total of UAH 75.7 million (~EUR 1.76 million). According to Forinsurer, the number of regulatory payments increased by 107% y-o-y, and the total amount of payments increased by 108%.

AXA announced its full year 2024 earnings. Gross written premiums & other revenues reached EUR 110 billion, up +8% y-o-y, the company said in its press release.

According to the unaudited consolidated reports for 4Q2024, Adris Grupa achieved total consolidated revenue of EUR 1.1 billion, which is 11% more y-o-y, the Group said in its press release.

The Slovene insurance market went down, overall, by almost 11% y-o-y in 2024, consolidated GWP reaching EUR 2.73 billion. While life insurance GWP grew by 5.7%, to EUR 885 million, the non-life segment saw a 17% depreciation of the GWP figure, to EUR 1.84 billion.

Survey results show that 8 out of 10 Romanians would choose a repair shop that has a contract with their MTPL insurer, ensuring a smoother claims process and predictable repair costs, sociological research by IRES showed.

Swiss Re’s commercial insurance arm announced today that Katie McGrath is appointed Chief Underwriting Officer. It also unveiled a new organisational structure to serve corporates and brokers more closely at country level with the introduction of Market Units.

The cost of vehicle repairs covered by MTPL insurance has continued to rise steadily over the past four years, according to a recent study by the Romanian Motor Insurers’ Bureau (BAAR) based on using data from the Audatex platform, incorporating over 650,000 repair estimates from service shops across Romania.

Munich Re has exceeded its profit targets for the fourth consecutive year, reporting a net result of EUR 5.7 billion for 2024, surpassing the initial guidance by EUR 700 million. Looking ahead, Munich Re aims for a net result of EUR 6 billion in 2025, bolstered by successful renewals as of January 1, 2025.

In 2024 the insurance market of Armenia practically did not grow - the growth was less than 2%, total GWP reached AMD 72.37 billion (EUR 174.86 million), as shown by the data of the Financial Rating of Insurance Companies provided to ArmInfo. It’s worth noting that in euro the market grew by 10.29% thanks to a more favorable exchange rate compared to 2023.

American International Group (AIG) announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately.

Mart Jesse, the long-time chairman of the board of the Estonian Insurance Association (EKsL) and the Estonian Motor Insurance Fund (LKF), will step down in mid-September when his service contract expires. A public competition will be held to choose a new chairman of the board, the Association said.

Aon, a leading global professional services firm, announced that Jennifer Richards has been selected as CEO of Asia Pacific, effective 1 March.