In January-June 2023, total GWP of the insurance sector of the republic amounted to BYN 1,097.74 million (EUR 331.66 million), which indicates an increase of 20.18% y-o-y in local currency, according to data published by the Ministry of Finance of Belarus. While in euros the market result was negative (-3.31%).

Bulgarian insurance market totaled BGN 1.13 billion (EUR 580 million) at the end of March 2023, up by 28.2% y-o-y, according to the official quarterly figures from the Financial Supervision Commission - FSC.

The insurance market of Central and Eastern Europe (CEE) totaled EUR 12.5 billion at the end of Q1 2023, according to the data centralized by xprimm, up by 10.2% y-o-y. The value of paid non-life claims and life indemnities increased by 2.3% y-o-y to EUR 6.5 billion.

The CIS regional insurance market* ended the first quarter of 2023 with an increase of almost 32% y-o-y, reaching EUR 8.06 billion, according to xprimm statistics.

Macedonian insurers posted January-June aggregate GWP worth MKD 7.4 billion (~EUR 119.5 million), 14.1% more y-o-y, according to the market figures published by the Insurance Supervision Agency of Macedonia.

The insurance market of Montenegro totaled EUR 59.9 million at the end of H1 2023, up by 9.1% y-o-y (or by EUR 5 million), according to the half-year figures published by the local Insurance Supervision Agency (ISA). Gross written premiums from non-life insurance represents 82.7% of total insurance market - about EUR 49.5 million, up by 10.7% y-o-y while, life business GWP was up by 2.4% y-o-y to EUR 10.3 million.

1H2023 results show that the insurance sector of Uzbekistan saw a significant growth - by 36.34%, reaching UZS 3,778.18 billion (EUR 301.81 million), according to data published by the Insurance Market Development Agency under the Ministry of Finance.

In the first half of 2023, the total GWP in Tajikistan amounted to TJS 194.3 million (EUR 16.32 million). According to the National Bank, premiums tend to grow compared to 1H2022 by TJS 27.9 million or 16.8%.

According to the 1H results, VUSO insurance company (one of the top 10 insurers in the country) collected premiums in the amount of UAH 1.18 billion (EUR 29.71 million), which is 79% more y-o-y in local currency, Forinsurer writes citing the National Bank data.

In the first half of the year, the dynamics of premium collection in corporate insurance reached 112%, which, compared with inflation, means at most maintaining the market at a very stable level, according to Warta's estimates, Gazeta Ubezpieczeniowa wrote.

Bulgarian energy and financial group Eurohold Bulgaria AD announced that during January-June it booked Total revenues increased to nearly BGN 2.13 billion (EUR 1.09 billion) while ЕBITDA grew to BGN 378 million (EUR 193 million).

Austrian VIG - Vienna Insurance Group reports strong results for the first half of 2023, presented for the first time in accordance with the IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts accounting standards.

“Reinsurance Café CIS” LLC is the first reinsurance brokerage company in the history of Kyrgyzstan. The company started its operations on January 1^st, 2023.

Azerbaijan's insurance market ended 1H2023 with an increase of 32%, reaching AZN 648.95 million (EUR 350.38 million). At the same time, the growth of paid claims was less significant (+28.65%), their total volume reached AZN 225.03 million (EUR 121.50 million), according to the data published by the National Bank.

The insurance market of Ukraine in 1H2023, according to data published by the National Bank (NBU), saw an increase of 21.33%. The total GWP increased to UAH 21.35 billion (EUR 533.86 million).

While supportive of the goals of the European Commission's Retail Investment Strategy (RIS) published in May this year, European insurers are concerned that some of the proposals will make it much more complicated for consumers to invest and, subsequently, discourage them from doing so or steer consumers towards buying the cheapest, rather than the best, product.

According to the National Bank of Ukraine (NBU), in 2Q2023 the non-bank financial sector of Ukraine underwent a variety of changes, with the majority of sectors reporting a growth of their assets, Interfax reports, citing the NBU’s non-bank financial sector review.

In July 2023 medical expenses dominate the structure of claims paid for voluntary insurance, followed by motor vehicle insurance claims for which local insurers paid EUR 0.98 million (MKD 60.61 million) in July, the ISA (Insurance Supervision Agency) said.

The National Bureau of Statistics of Moldovaа reported that from January to June 2023, total income and expenses of insurers increased by 27.4% and 25.9% y-o-y, respectively.

In 1H2023, 16,900 traffic insurance events took place in Estonia, of which 12,300 or 73% were caused by passenger vehicles.