With a growing scale of digital possibilities, insurance fraudsters are increasingly creative and, importantly as well, increasingly able to cross borders without much effort. At the same time, strategies to combat fraud remain predominantly national, due to the realities of judicial systems and relevant legal frameworks.

“Certainly, the future” – the new PZU Group strategy for 2025-2027 is based on 4 pillars that will strengthen PZU’s position as a leader in large-scale risk management and a partner that provides certainty in times of threats, the Group’s press release says.

The Polish Financial Supervision Authority (UKNF) has unveiled its supervisory priorities for 2025, with a significant emphasis on the insurance sector. These priorities aim to address emerging risks, enhance product quality, and strengthen market stability.

The Geneva Association is announced two key leadership changes, effective 1 January 2025. Darren Pain, Director Cyber and Evolving Liability, has been appointed Director of Research, succeeding Kai-Uwe Schanz. Dennis Noordhoek, Director Public Policy & Regulation, will assume the new role of Director of External Stakeholder Engagement.

The Centre for Disaster Protection, a UK funded entity that works helping people, countries, and organizations change how they plan and pay for disasters, announced the appointment of Cristina Stefan as its new Head of Advisory.

Dutch insurer Achmea and Lifetri are merging their pension and life portfolios into Achmea Pensioen & Levensverzekeringen NV, creating a top three player with over 2.1 million customers, the insurer informed.

From January to October this year total GWP of Albanian insurers increased 7.56% y-o-y to ALL 20.26 billion (EUR 205.9 million), SeeNews writes with reference to official figures.

The Azerbaijan Insurers Association (AIA) and the Union of Insurance and Reinsurance Companies of Northern Cyprus signed a memorandum on insurance, Trend reports.

A unified motor insurance system will start operating in the Union State on January 1, 2025, according to the amendments to the federal law "On compulsory motor third party liability insurance of vehicle owners", which were adopted on November 27 by the Federation Council of the Federal Assembly of Russia, BELTA reports.

Fitch Ratings has maintained at B+ the insurer financial strength (IFS) rating of Bulgaria's Insurance Company Euroins, the main operating subsidiary of Euroins Insurance Group (EIG), part of Eurohold Bulgaria, with a stable outlook, as SeeNews reports.

The total GWP in Croatia in the first 10 months of 2024 amounted to EUR 1.6 billion, which is 11.41% more y-o-y. Of the total, EUR 271.3 million (17%) came from life insurance, and EUR 1.3 billion (83%) - from non-life, osiguranje.hr reports.

Hellenic Bank informed that, following its previous announcement on July 10, 2024 regarding its agreement with CNP Assurances for the acquisition of CNP Cyprus Insurance Holdings Limited, the Competition Protection Committee approved the acquisition on 27 November 2024, cyprusinsurancenews.com writes.

The number of insurance contracts with individuals, including compulsory travel insurance (CTI), in Kazakhstan increased by 38% to 18 million units in January-October of this year, according to a market study by ranking.kz.

“The key indicators of the insurance sector's operations in the past 10 years have recorded a positive trend and more than doubled”, said the governor of the National Bank of Serbia, Jorgovanka Tabaković opening the 8^th edition of the Serbian Insurance Days Conference, organized on November 27 in Zlatibor.

The Insurance Association of Turkey (TSB) has set its expectations for 2025 for the industry. The expectations are published in an information booklet of TSB, where the Association explains the steps taken by the Turkish insurance industry after the February 2023 earthquakes, Middle East Insurance Review reports.

INGO Insurance Company has become a new member of the League of Insurance Organizations of Ukraine (LIOU), which opens up additional opportunities for the company for cooperation, development of industry initiatives and participation in the formation of common strategies to strengthen the country's insurance market, Forinsurer writes.

For the period from January to October of this year, total GWP of the TAS Insurance Group amounted to UAH 3,980.45 million (~EUR 89.47 million), which is 36.1% more y-o-y, Forinsurer reports.

A draft law “On agricultural risk insurance” has been developed in Uzbekistan, which was discussed on November 25 during the presentation of proposals for food security governance, increase of cotton and cereal crop yields, gazeta.uz writes.

Aon, a leading global professional services firm, announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) enhancing Aon’s risk and health capability offering in Japan, the company says in its press-release. The transaction is expected to be completed in early 2025.

Zurich Insurance Group has successfully acquired AIG’s global personal travel insurance and assistance business, including Travel Guard, for USD 600 million, plus a potential earn-out payment. The transaction makes Zurich one of the largest travel insurers globally, serving more than 20 million customers and 200 distribution partners.