A total of 9,363 claims were filed based on the European Accident Statement in the first 9 months of 2024. Total payments reached KZT 1,480 billion, and the average settlement period was 15 days, the Agency for Regulation and Development of Financial Market of Kazakhstan reported.

MetLife reported 3Q2024 premiums, fees and other revenues of USD 12.5 billion, down 5% y-o-y. Adjusted premiums, fees and other revenues were also USD 12.5 billion, down 5% on a reported basis and down 4% on a constant currency basis from the prior-year period, according to the company’s press release.

As Gazeta Ubezpieczeniowa (Insurance Gazette) reports, according to Warta's estimates, premium dynamics in corporate insurance in the first half of the year was at 111%. The insurer points out that this means stable growth.

WTW, a leading global advisory, broking and solutions company, announced financial results for the third quarter ended September 30, 2024 – the revenue was USD 2.29 billion, an increase of 6% as compared to USD 2.17 billion for the same period in the prior year, the company’s press release said.

PERILS has released its initial industry loss estimate for the floods across Central Europe and Italy from 14 to 20 September 2024, putting the total at EUR 1.89 billion. Most losses occurred in Austria, Czechia and Poland—accounting for about 95% of the total—followed by Italy and Slovakia, with minor impacts in Hungary and Romania.

Ethniki, Hellenic General Insurance S.A. ("Ethniki") announced the signing on 1 November 2024 of the agreement for the acquisition by SIGNAL IDUNA, subsidiary of the homonymous German group, of the 96.74% stake that the Greek insurer owns in the Romanian GARANTA Asigurari.

Consolidated revenue from insurance sales, including regional subsidiaries, amounted to EUR 392 million, up 12% compared to the same period last year. In 3Q2024, Croatia osiguranje generated a consolidated net profit of EUR 46.3 million, which is an increase of 43% versus 3Q2023, when storm damage negatively impacted profits in the period.

DGTAL, the AI pioneer that offers generative AI solutions for insurance operations, became the first Insurance-focused AI company to use AI Agents as a core element of its technology platform, marking its most significant technological upgrade to date.

Fitch Ratings have upgraded Generali’s Outlook to Positive from Stable and affirmed the Insurer Financial Strength (IFS) Rating at ‘A+’ and the Long-Term Issuer Default Rating (IDR) at ‘A’.

AXA reported for 3Q2024 Gross Written Premiums (GWP) and other revenues up 7% y-o-y, to Euro 84.0 billion, driven mostly by the Property & Casualty segment and the Life & Health business, which both saw a 7% increase in GWP.

Bulgarian insurers have the largest presence in the SEE Top100 insurance ranking, with 18 companies, according to the 17th edition of SEE TOP 100 by SeeNews. However, the Top 10 group is dominated by Romanian and Slovenian companies, four for each of the two markets.

Kosovar insurers posted 3Q 2024 Gross Written Premiums (GWPs) worth EUR 127.3 million, from EUR 110.1 million at the end of September 2023, data provided by the Central Bank show.

According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2024 the local insurance market increased by 73.78% y-o-y reaching TRY 570.44 billion (~EUR 14.9 billion). In European currency, due to about 35% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +32.16% y-o-y.

Vienna Insurance Group (VIG) has announced the creation of Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company with the small and medium-sized companies as primary target group. CyRiSo provides comprehensive support to reduce cyber risks and to prevent and resolve any damage caused by cyber attacks.

In Europe, more than 92% of people have an insurance policy while over 25 million people pay into an occupational pension scheme. Moreover, insurance and pension funds are also Europe’s largest institutional investors, together managing assets of around approximately EUR 12 trillion. This is the way a recent material released by EIOPA summarizes the position held by insurers and pension fund managers in the European landscape.

Global commercial insurance rates fell 1% in the third quarter of 2024, the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market Index released by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.

Total premiums in compulsory insurance of workers against accidents in Kazakhstan for January-August of this year amounted to KZT 95.3 billion (~EUR 0.18 billion), which is 61.4% more y-o-y. It is noted that this class shows significant growth for the third year in a row, Allinsurance.kz writes.

The insurance market of Azerbaijan for January-September amounted to AZN 1.02 billion (EUR 539.47 million), which is 9.38% more y-o-y in manats, according to data published by the Central Bank. At the same time, the largest share of premiums was collected in voluntary insurance.

For the period from January to September 2024, Kazakhstan's insurance sector grew by 40.12%, reaching KZT 1,210.27 billion (EUR 2.26 billion). Insurers' paid claims increased by 23.37% to KZT 240.92 billion (EUR 450.36 million), as shown by data published by the National Bank.

The Central Bank of Azerbaijan (CBA) has included five more foreign-owned companies in the register of foreign insurers, reinsurers, and insurance brokers, thus increasing the number of foreign brokers working in the local insurance market to 92, Trend reports.