News - Insurance
BELARUS: MTPL and Motor Hull among the most popular types of insurance
The most massive mandatory insurance types in Belarus are building insurance, covering over a million properties, and MTPL, with over 5 million contracts concluded annually, according to Sergei Osenko, , Head of the Main Insurance Supervision Department of the Ministry of Finance, BELTA reports.
BELARUS: Union State MTPL system gains momentum
Belarusian motorists are actively purchasing Union State MTPL policies valid across the two countries (Belarus and Russia), according to Sergei Osenko, Head of the Main Insurance Supervision Department of the Ministry of Finance, according to BELTA.
BULGARIA: Total assets of the insurance sector rise 11% at the end of September
Total assets managed by Bulgarian insurance companies amounted to some BGN 12.57 billion (EUR 6.43 billion) at the end of September, which represents an annual increase of 11.3%, SeeNews writes citing the central bank.
Forvis Mazars: CEE has become a driving force in Europe’s insurance landscape
The CEE region’s insurers have expanded non-life premiums from EUR 18 billion in 2018 to EUR 28.5 billion in 2024, a 58% surge that outpaces many mature Western markets, reveals new "CEE strategic resilience in insurance: outlook 2025" report of Forvis Mazars, one of the leaders of audit market.
GEORGIA: Tourists required to have insurance policy from January 1, 2026
Starting January 1, 2026, tourists entering Georgia will be required to have insurance policy, Business Georgia reports.
MONTENEGRO: In 9M2025, net profit of the Montenegro’s top insurer rises to almost EUR 3 million
In the first nine months of 2025, net profit of the Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, rose to EUR 2.99 million from EUR 2.45 million in the like period of 2024, SeeNews reports.
S&P Global Ratings: Insurers' creditworthiness in emerging EMEA to remain resilient in 2026
Insurers' creditworthiness in Saudi Arabia, the UAE, South Africa, Turkiye, and Kazakhstan will remain resilient in 2026. Yet it is tempered by elevated geopolitical risk and potential financial risk resulting from spillovers from trade tariffs, which S&P continues to view as key downside risks in emerging markets, S&P Global Ratings has forecast.
Sava Insurance Group sets ambitious financial targets and development priorities for the coming year
The year 2025 has so far been very successful for the Sava Insurance Group, marked in particular by favourable claims experience, the Group said in its recent press release titled “Business plan for 2026: Sava Insurance Group targets EUR 120 million pre-tax profit”.
UNIQA is celebrating 35 years on the Stock Exchange
This month UNIQA is celebrating a significant milestone: since December 10, 1990 – exactly 35 years ago – the Group has been listed on the Vienna Stock Exchange through its predecessor company (Bundesländer-Versicherung), UNIQA said on its website.
Triglav Group recognized by the international jury of the Best Employer Brand Awards Adria 2025
The efforts of the Triglav Group to develop a unified employer brand were recognised by the international jury of the Best Employer Brand Awards Adria 2025.
Acrisure to acquire tech-first underwriting MGA Vave from Canopius
Acrisure, a global fintech leader, has agreed to acquire Vave, a tech-first underwriting Managing General Agent (MGA), from Canopius Group, a leading international specialty and P&C (re)insurer. The transaction is subject to customary closing conditions. Terms were not disclosed.
Munich Re unveils Ambition 2030 Strategy, reinforcing strength in reinsurance and outlook for sustained profit growth
Munich Re announced its new Ambition 2030 multi - year strategic plan, building on the strong performance of its predecessor program and setting out an expanded role for its reinsurance operations through the end of the decade.
Swiss Re and RIQ partner to advance risk transfer powered by data and AI
Swiss Re and RIQ have signed a Memorandum of Understanding (MoU) to develop and scale innovative capacity solutions, risk origination opportunities and AI-enabled capabilities across the UAE.
VIG partners with IFC to strengthens its position in Ukraine, preparing to take an active role in the renewal process of the country
The International Finance Corporation (IFC), a member of the World Bank Group, will acquire a stake in the Ukrainian non-life insurance companies of Vienna Insurance Group (VIG) through a capital increase. With the support of the IFC, their product portfolios are to be expanded and their digitalization strategies accelerated. Building on its existing partnerships with AON and Lloyd’s, VIG also intends to play an active role in the reconstruction of Ukraine after the end of the war.
STATISTICS: ARMENIA, 3Q2025: Motor insurance generated nearly 48% of total GWP
Armenian insurance market at the end of 3Q2025 amounted to AMD 63.17 billion (EUR 140.59 million), which in local currency represents a 16.55% increase y-o-y, according to the data of the Financial Rating of Insurance Companies provided to ArmInfo.
STATISTICS: Eurasia, 3Q2025: Kyrgyzstan leads in GWP growth, and Tajikistan in claims
The Eurasian insurance market* grew by approximately 20% y-o-y in euros at the end of 3Q2025, reaching EUR 34.28 billion, according to xprimm statistics.
STATISTICS: RUSSIA, 3Q2025: life insurance products drive nearly entire market growth
In the first nine months of 2025, the insurance sector in Russia grew by 14.74% to RUB 2.76 trillion (EUR 28.43 billion).
STATISTICS: UKRAINE, 3Q2025: Market demonstrates dynamic growth – premiums up by more than 37%
Ukrainian insurance market grew by 37.5% to UAH 52.66 billion (EUR 1.08 billion) in the first nine months of 2025, including UAH 48.38 billion in non-life insurance and UAH 4.28 billion in life insurance, according to the National Bank of Ukraine (NBU) quarterly report.
ALBANIA: Paid claims drop almost 2% in the January-October period
Total GWP of Albanian insurers grew 10.53% y-o-y to ALL 22.4 billion (EUR 231.8 million) in the first ten months of 2025, SeeNews writes citing the Albanian Financial Supervisory Authority (AFSA).
AZERBAIJAN: The loss ratio in insurance of civil liability for owners of motor vehicles exceeded 75% in January-October
The loss ratio in insurance of civil liability for owners of motor vehicles in Azerbaijan has increased, reaching 75.1% for the first 10 months of this year, ABC.AZ writes, citing a report from the Central Bank of Azerbaijan.
17 December 2025