News - Insurance
LATVIA: LAA: This heating season has been the most expensive in the last three years
As the winter was marked by persistent snow cover and prolonged negative temperatures, the number of insurance claims related to winter weather conditions and more intensive heating of homes increased last heating season, the Latvian Insurance Association (LAA) said.
MetLife’s net income increases 30% to USD 1.1 billion in 1Q2026
Premiums, fees and other income of MetLife in 1Q2026 were USD 14.3 billion, up 5% compared with the prioryear quarter. Adjusted premiums, fees and other revenues, excluding pension risk transfers, were USD 13.3 billion, up 10%, the company announced.
MOLDOVA: New regulatory framework for distribution of insurance products developed
The National Commission for Financial Markets (CNPF) has developed a new regulatory framework for distribution of insurance products. According to the regulator, the draft law aims to modernize the system for distribution of re/insurance products by aligning national legislation with Directive (EU) 2016/97 on the distribution of insurance products, bizlaw.md reports.
National Bank of Greece to acquire a 30% minority equity stake in Allianz Greece
National Bank of Greece (NBG) and Allianz SE have signed a Memorandum of Understanding (MoU) setting out the intention for NBG to acquire a 30% minority equity stake in Allianz European Reliance (Allianz Greece), subject to the signing of definitive agreements and receipt of customary regulatory approvals, Allianz said.
ROMANIA: VIG signs agreement with World Bank Group’s IFC to acquire stake in Carpathia Pensii
Vienna Insurance Group (VIG) has signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to acquire - subject to regulatory approval - approximately 10% of the common shares in its Romanian pension fund company Carpathia Pensii.
Talanx approves dividend increase and elects new members to the Supervisory Board
Dividend of Talanx AG’s climbs 33% (+90 cents) to EUR 3.60, as Talanx AG’s Annual General Meeting approves all resolutions proposed by the company’s Board of Management and Supervisory Board, the Group said.
UKRAINE: PZU acquires Ukrainian life insurance leader
Polish insurance company PZU SA has entered into an agreement to acquire MetLife, the Ukrainian life insurance market leader, from the American MetLife Global Holding Company. The transaction is subject to the necessary regulatory approvals and, according to the company, is expected to be completed in 2027, Forinsurer reports.
UZBEKISTAN: Türkiye, Azerbaijan, and Uzbekistan implement a joint agricultural insurance system
Türkiye, Azerbaijan, and Uzbekistan have established a unique model of cooperation in the agrarian sector, forming a strategic "triangle" and implementing a joint agricultural insurance system, according to the Minister of Agriculture of Uzbekistan, Ibrokhim Abdurakhmonov, Trend reports.
Claims in focus at FIAR 2026: from operational challenge to strategic advantage
The 27th edition of FIAR – The International Insurance-Reinsurance Forum will bring claims management to the forefront through the Claims Insurance Conference, taking place on 24–26 May 2026, in Sinaia, Romania.
Specialized Workshops Series in Insurance & Reinsurance – May 2026
Join an exclusive series of intensive workshops organized by SorS Academy Belgrade, dedicated to insurance and reinsurance professionals, delivered by top international experts!
STATISTICS: TÜRKIYE 1Q 2026: Market growth kept up with inflation
Total premium generated in the Türkiye insurance market increased in local currency by almost 30.37% during Q1 2026 to TRY 396.4 billion (EUR 7.78 billion), according to data released by the Insurance Association of Turkey (TSB). The growth pace slowed as compared with the previous year but remained still very high.
COB highlights “Vision Zero” as a roadmap towards eliminating road fatalities
The Council of Bureaux (COB) has published an analysis explaining the concept of “Vision Zero”, the international road safety strategy aimed at eliminating deaths and serious injuries in road traffic by 2050.
Swiss Re appoints Dean Galligan as Head Transactions Life & Health Reinsurance
Swiss Re appointed Dean Galligan as Head of Transactions for the Life & Health Reinsurance (L&H Re) Business Unit, effective 1 August 2026. This newly created role will bring together L&H Re's global teams engaged in structuring complex capital and balance sheet solutions and longevity reinsurance.
SCOR, 1Q2026: solid performance, with all business activities contributing to a RoE of 21.7%
SCOR recorded a net income of EUR 225 million (EUR 220 million adjusted by excluding the mark to market impact of the option on own shares) in Q1 2026, supported by all business activities.
Storms wreak havoc in Romania: damages to 15 homes and 15 cars compensated daily
In early 2026, storms in Romania are no longer exceptional disruptions but a recurring operational and financial risk. The combination of rising frequency and low insurance penetration continues to widen the protection gap, making resilience a central issue for the market.
Swiss Re, Q1 2026: net income of USD 1.5 billion and ROE of 23.6%
Swiss Re achieved a net income of USD 1.5 billion and a return on equity (ROE) of 23.6% for Q1 2026. The result was driven by increased contributions from all Business Units, supported by low natural catastrophe experience and a strong investment contribution.
Ukraine seeks EUR 5 billion annual war risk cover for recovery efforts
Ukraine requires more than EUR 5 billion annually in war risk insurance to unlock private investment and support the country’s reconstruction efforts, according to Economy Minister Oleksiy Sobolev.
STATISTICS: ARMENIA, 1Q2026: Motor insurance generates over 52% of total GWP
Armenia's insurance sector totaled AMD 21.46 billion (EUR 49.67 million) in the first quarter of 2026, up 2.57% year-on-year. In European currency, market growth was rather modest (+0.56%). Paid claims, however, saw double-digit growth (+23.11%), reaching AMD 12.63 billion (EUR 29.23 million), according to data of the Financial Rating of Insurance Companies provided by ArmInfo.
AXA renews mandate of Thomas Buberl for a four-year term
The Shareholders’ Meeting of AXA overwhelmingly voted in favor of the renewal of the mandate of Thomas Buberl for a four-year term, following which the Board of Directors reappointed him as Chief Executive Officer until the end of his mandate, AXA announced.
Eric Andersen to become AIG’s next Chief Executive Officer
Effective June 1, 2026, Eric Andersen will become President and Chief Executive Officer of AIG and join the AIG Board of Directors and Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company’s previously announced leadership transition plan, the AIG Board of Directors announced.
12 May 2026