News - Insurance
AZERBAIJAN: Green Card paid claims last year amounted to AZN 2.5 million
In 2024, 468 Green Card insurance cases were recorded in Azerbaijan, and the total amount of payments reached AZN 2.5 million (~EUR 1.41 million), as stated by the Chief Information Manager of the Compulsory Insurance Bureau (CIB) Anar Samedov during his speech at the Azerbaijan Financial Forum, Trend writes.
19 February 2025AZERBAIJAN: in 2024 paid claims in livestock and crop insurance rose
Azerbaijan's GWP for agricultural livestock reached AZN 2.1 million (~EUR 1.18 million) in 2024. According to the Central Bank of Azerbaijan, this indicates a decrease of AZN 1.8 million or about 46.7% y-o-y, Trend reports.
19 February 2025Bosnia and Herzegovina: Sarajevo Insurance taken over by a new majority owner
The Government of the Federation of Bosnia and Herzegovina has lost control over the management of Sarajevo Insurance. The control has been taken over by other shareholders led by the Hrvić family from Tešanj, owners of AS Holding, osiguranje.hr writes.
19 February 2025BULGARIA: Acquisition of United Health Insurance Fund Doverie makes Generali Group the second-largest player on Bulgaria’s health insurance market
Bulgarian diversified group Doverie United Holding announced the completion of the sale of its subsidiary United Health Insurance Fund Doverie to Netherlands-based insurer Generali CEE Holding, part of Italian Generali Group, for BGN 22 million (EUR 11.2 million), SeeNews reports.
19 February 2025German insurers expect a 5% increase in 2025
The German Insurance Association (GDV) announced its results for the past year and its forecast for 2025. According to the Association, the German insurance sector appears to have overcome the most difficult phase, osiguranje.hr writes.
19 February 2025GREECE: Total amount of payments for the losses from Bora storm estimated at EUR 18.7 million
The EAEE survey provides the first estimate of the Greek insurance market's payments for property and motor insurance losses from the extreme weather events (Bora storm) that hit Greece during the period 30 November - 2 December 2024, insurancedaily.gr writes.
19 February 2025KAZAKHSTAN: AFK: non-life insurance accounts for 46% of insurance market assets and only 1.04% of GDP
Despite the reduction in the number of market participants, key indicators of non-life insurance in 2024 demonstrated moderate growth against the backdrop of high economic activity, acceleration of lending, and increased inflationary processes in the economy, the Association of Financiers of Kazakhstan (AFK) writes in its report.
19 February 2025TAJIKISTAN: The share of insurance sector’s assets in 2024 amounted to 1.7% of the total assets of the country's financial system
Assets of the insurance sector in 2024 increased by 10.5%, equity - by 19.6%, charter capital - by 45.1%, and insurance resources - by 2.5%, Avesta IA writes.
19 February 2025UKRAINE: ARX and ARX Life GWP collected in 2024 exceeded the previous year's result by 15%
In 2024, ARX and ARX Life collected UAH 4.6 billion (~EUR 105.79 million) in premiums, which is 15% higher y-o-y. The companies' net profit reached almost UAH 520 million. ARX and ARX Life are the leaders in tax payments among Ukrainian insurance companies, Forinsurer writes
19 February 2025UKRAINE: In 2024, 38.5% of road accidents were settled using European Accident Statement
In 2024, 38.5% of road accidents in Ukraine were settled using the European Accident Statement, which is 6.5% more y-o-y. This confirms growing popularity of the European Accident Statement among drivers, Forinsurer writes with reference to the MTIBU (Motor Transport Insurance Bureau of Ukraine) report.
19 February 2025UZBEKISTAN: Türkiye and Azerbaijan ready to share their experience in agroinsurance with Uzbekistan
Representatives from Türkiye and Azerbaijan have expressed their readiness to share their expertise in agroinsurance with Uzbekistan and to collaborate on addressing potential challenges in this field, Trend reports.
19 February 2025NN Group completes sale of its Turkish operations
Duch NN Group announced the completion of the sale of its Turkish operations to Zurich Turkiye. The completion of the transaction follows the fulfilment of the customary closing conditions, including receipt of all necessary regulatory approvals. The agreement on the sale of NN Hayat ve Emeklilik was announced on 25 September 2024.
19 February 2025STATISTICS: BiH, 3Q2024: market growth driven by the non-life segment
The insurance market of Bosnia and Herzegovina ended Q3 2024 with aggregate GWP worth BAM 824.33 million (~EUR 421.47 million), up by 10.75% y-o-y, market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.
13 February 2025STATISTICS: BULGARIA, 3Q2024: Market leaders challenged, while the market growth slows down
Bulgarian insurance market reported 3Q 2024 GWP worth BGN 3.49 billion (EUR 1.78 billion), up 6.05% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 9.5% to BGN 584.94 million, while non-life insurers' GWP rose by 5.37% to BGN 2.9 billion.
13 February 2025STATISTICS: MONTENEGRO, FY2024: paid claims increased faster than GWP
The Montenegrin market reported in FY2024 a 12.34% y-o-y growth in GWP, to EUR 134.19 million, according to the preliminary figures published on the ISA's website, while the value of paid claims &indemnities increased by 20.6% y-o-y to almost EUR 60 million.
13 February 2025Insurance Europe: EU 'Omnibus' package can streamline sustainable finance rules and support green transition
Insurance Europe welcomes the new approach by the European Commission to enhancing competitiveness and ensuring sustainable prosperity through simpler sustainability rules.
13 February 2025FIAR 2025: Top delegates from leading European insurance institutions to speak at the Insurance Market Trends Conference
At a time when the European insurance industry is navigating significant challenges while also laying the groundwork for stable future growth, three key institutions - Insurance Europe, EIOPA, and BIPAR - will be represented at a high level at FIAR.
13 February 2025New Parametric performance guarantee for enterprises strengthens customer trust in technology
Parametrix, the leading provider of digital business interruption risk solutions, has launched a new type of performance guarantee, backed by parametric insurance. The insurance guarantees contractual performance obligations made by large enterprises for the uninterrupted delivery of their platform or service.
13 February 2025EUROINS Romania’s bankruptcy appeal rejected: final ruling confirms insolvency
The Bucharest Court of Appeal has upheld the bankruptcy ruling against EUROINS Romania Asigurare-Reasigurare S.A., rejecting the insurer’s appeal against the 2023 decision of the Bucharest Tribunal.
13 February 2025Chubb appoints Seth Gillston as Executive Vice President, Head of Global Casualty for Major Accounts in North America
Chubb, a world leader in insurance, announced the appointment of Seth Gillston as Executive Vice President, Head of Global Casualty for Major Accounts in North America, the company said in its recent press release. Seth succeeds Lou Capparelli, who will now serve as Chairman of Global Casualty.
10 February 2025
