Georgia's insurance sector regulator plans to introduce a new solvency assessment system based on European standards. This means that the sector is entering a new phase, Business Georgia writes.

The combined GWP of insurance companies operating in Montenegro rose to EUR 136 million in the first eleven months of 2025 from EUR 125 million a year earlier, according to the country’s Insurance Supervision Agency, ANO, SeeNews reported.

According to Gallagher Re, the 1 January property-CAT reinsurance renewal season in Turkiye exhibited trends similar to those observed in Continental European renewals, with risk-adjusted decreases of 15% on average, and a significant oversubscription of capacity, particularly in top layers, Middle East Insurance Review reports.

For the first 11 months of 2025 the Turkish insurance market surpassed TRY 1 trillion (USD 23 billion) in premium production, and if this trend continues, Turkish Insurance Association (TSB) expects to finish the year with more than TRY 1.2 trillion, which represents a premium growth of more than 40% in 2025, according to TSB President Ugur Gulen.

Paid claims of the TAS Group, the market leader, totaled UAH 2.63 billion (~EUR 54.08 million) in the first eleven months of 2025, which indicates a 46.9% increase y-o-y, Forinsurer reports.

The MTPL market from January to November 2025 demonstrated structural shifts that are of fundamental importance to insurers. GWP more than doubled, by 121.6%, to UAH 20.94 billion (~EUR 0.43 billion), while paid claims increased by 37.2% to UAH 6 billion (~EUR 0.12 billion), Forinsurer writes.

Allianz has announced the completion of the sale of 23% of the shares in the two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to the Bajaj Promotor Group (Bajaj) for a gross consideration of approximately EUR 2.1 billion (updated for current exchange rates).

As 2025 draws to a close, we would like to extend our sincere thanks to XPRIMM’s readers, partners, and contributors for your continued trust, engagement, and support throughout the year. Your insights, expertise, and active involvement help us remain a relevant and credible voice for the insurance industry across our region.

Estonian insurers posted 9M 2025 aggregate GWP worth EUR 503.88 million, by almost 1% less y-o-y, according to the market figures published by the Estonian National Statistics Board. Total paid claims by local insurers remained almost on the same level as the previous year, to ~EUR 302 million.

The insurance market of Cyprus totaled EUR 1,020.8 million at the end of September 2025, increasing by 9% y-o-y, according to the quarterly data published by The Insurance Association of Cyprus - IAC

Insured losses from natural catastrophes again surpass the USD 100 billion mark in 2025 for the sixth consecutive year. This is mainly driven by the unprecedented LA wildfire loss record in the first quarter of 2025 and severe convective storms (SCS), which remain a major and persistent global loss driver. Overall, Swiss Re Institute estimates total insured losses in 2025 at USD 107 billion, 24% lower than the USD 141 billion recorded in 2024.

The ExploRe & ReConnext Global (Re)Insurance Summit is set to return in 2026, once again bringing together leading reinsurers, insurers, brokers, and investors from around the world. The event will take place in an all-inclusive setting designed to foster meaningful dialogue, networking, and collaboration across the global (re)insurance ecosystem.

The promulgation of the new law amending the regime of the Policyholders’ Guarantee Fund (FGA) marks the most far-reaching legal overhaul of recent years. Adopted by Parliament and promulgated on 3 December 2025, it fundamentally reshapes the relationship between claimants, insurers, and the state, redefining the FGA’s role in times of market distress.

The Board of Directors of AXA has appointed Ewout Steenbergen as Chair of its Audit Committee, succeeding Isabel Hudson who will step down from the AXA Board of Directors on December 31, 2025, the company said in its press release.

After receiving the approval of the Bank of Lithuania, Simonas Lisauskas began his duties as the CEO of Lietuvos Draudimas, the largest non-life insurance company in Lithuania, operating since 1921, delfi.lt writes.

Richard (Dickie) Norman has been named as Senior Broker within Aon’s Reinsurance Solutions Global ReSpecialty Property Team, effective January 1, 2026.

Aaron Shead has been appointed to Executive Vice President, Head of Property, for Chubb Overseas General Insurance (COG), the company's international general insurance operations, effective immediately, as Chubb announced.

The Dutch insurer Aegon announced its ambition to become a leading US life insurance and retirement group and move its head office and legal seat to the US, the company said in its press release.

Allianz announced a strategic partnership with Oaktree Capital Management, L.P. (Oaktree). Oaktree will establish a new reinsurance syndicate at Lloyd’s, Syndicate 1890, which will begin underwriting from January 1, 2026, and will participate as a multi-year partner on Allianz’s outwards reinsurance program.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries. The outlook of these ratings is stable.