As of January 15, 2025, the cost of MTPL and Green Card will be liberalized on the Moldovan insurance market.

Munich Re is aiming for an IFRS net profit of EUR 6 billion in 2025 thanks to good operational performance in all business segments. Group insurance revenue is expected to reach EUR 64 billion in 2025, and return on investment to improve to above 3.0%, the Group said.

S&P Global Ratings said it has revised the outlook on Sava Re and Zavarovalnica Sava to positive from stable and has affirmed its “A” financial strength and issuer credit ratings, the insurer reports.

S&P Global Ratings has revised its outlook on Triglav Group from stable to positive. The rating action expresses the agency's expectation that Triglav Group’s profitably will grow in the coming years, it will continue to expand on international markets and occupy a leading market position in Slovenia, while maintaining its capital strength, the insurer said.

The Sava Insurance Group has assessed the key performance indicators and set its performance targets for 2025, and also has set new annual targets for each of its strategic business pillars on the road to delivering the Group’s 2023–2027 strategy.

The overall structure of eligible assets for calculating the regulatory capital of Ukrainian insurance companies as of October 1, 2024, demonstrates stability and ensures compliance with solvency requirements, Forinsurer writes based on the analysis of insurers' reports provided to the NBU (National Bank).

The Dutch insurer Aegon has updated its net-zero targets for 2030. This new set of targets reinforces Aegon’s commitment to transition its general account investment portfolio of around EUR 70 billion to net-zero greenhouse gas (GHG) emissions by 2050, supporting the global transition to a net-zero economy. 

Q3 2024 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2024, the Greek insurance market totaled EUR 4.19 billion, up by 10.8% y-o-y.

According to the quarterly statistics published by the Central Bank of Hungary, at the end of Q3 2024, the aggregate GWP of Hungarian insurers reached EUR 3.23 billion, 9.87% up y-o-y. In local currency, the market growth was 11.65% y-o-y.

AM Best has upgraded Generali's Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent). The outlook is stable.

In 3Q 2024, Polish insurers paid compensation and benefits worth PLN 36.8 billion (EUR 8.6 billion), by ~11.5% more y-o-y. However, claims paid for losses caused by violent weather and the effects of floods in southern Poland - increased by as much as 40% y-o-y, to PLN 2.3 billion, data collected by PIU – the Polish Chamber of Insurers show.

During its 2024 Investor Day in London, SCOR presented its new L&H strategy and updated Forward 2026 strategic plan which was approved by Group’s Board of Directors at a meeting held on 11 December 2024.

The total economic losses from the DANA (Depresión Aislada en Niveles Altos) floods in Spain in 2024 were estimated to EUR 12 - 13 billion, while Spain’s public/private Consortium for Insurance Compensation (CCS), said it would payout at least EUR 3.5 billion, an analysis provided by Moody’s said.

The insurance industry supports the transition away from internal combustion engines (ICEs). Indeed, given the challenges posed by the accelerating pace of climate change, driving cars that no longer run on fossil fuels is the only right choice for us as a society, maybe even the only possible choice. As insurers, we are taking positive action to shape this change notably by providing loss prevention advice and monitoring the effects of electric cars on motor insurance.

Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has reached the milestone of USD 1 billion GWP since its launch in 2018, during which, it also achieved a compound annual growth rate of 40%. 

The consumer-friendly home insurance policies offer significant advantages compared to other market options. Their average premium is 22% lower than the average annual premium for fully insured residential properties and amounts to HUF 50,800, according to the Hungarian National Bank’s Q3 2024 Home Insurance Index.

In Q3 2024, the average annual premium for mandatory MTPL insurance for standard-use passenger cars in Hungary rose by 10% y-o-y, reaching HUF 58,000, said the National Bank of Hungary. Claims costs rose by half as much, and there was no growth in claims expenses during the last quarter. With inflation declining, a smaller increase would have been justified.

Arch Insurance announced the appointment of Rachida LAAZAOUZI as Senior Casualty Underwriter for the French market, effective immediately.

UNIQA’s new “Growing Impact 2025 – 2028” strategy announced today aims for an average premium growth of 5%/year and net combined ratio consistently below 94%; annual growth in consolidated profit of > 6% and a stable and sustainable ROE after taxes of over 12%, as well as an annual increase in dividend per share.

 Optio Group, a leading specialty MGA, today announces the completion of its strategic investment of Italian MGA, Heca S.r.l. (Heca) after receiving regulatory approval.