TOP NEWS
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by Marina MAGNAVAL, 2025-04-01
Total GWP of Albanian insurers amounted to ALL 3.8 billion (EUR 38.5 million) in the first two months of 2025, up by 6.9% y-o-y, SeeNews writes with reference to official figures.
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by Marina MAGNAVAL, 2025-04-01
According to the Estonian Insurance Association (EKsL), insurance investigators proved 561 insurance frauds committed last year, with attempts to defraud over EUR 2 million. The Association noted that the number of staged or intentionally provoked insurance cases was the highest ever last year - 160 cases with a total amount of EUR 800 thousand.
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by Marina MAGNAVAL, 2025-04-01
The first Latvian insurance forum will be held on April 4, bringing together representatives of insurance companies and brokers to discuss current issues and development directions in the industry. The forum also includes practical workshops, the Association announced.
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by Marina MAGNAVAL, 2025-04-01
Citizens in Latvia are increasingly choosing to insure themselves against accidents, and last year GWP in the segment rose by 12%, reaching EUR 20.1 million. Consequently, paid claims also grew by 10%, to EUR 7.6 million, according to data from the Latvian Insurers Association (LAA)*.
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by Marina MAGNAVAL, 2025-04-01
The Bank of Lithuania processed a record number of consumer disputes last year. The number of disputes with insurers recorded an increase, while the number of disputes with banks was significantly decreasing, the Bank said.
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by Marina MAGNAVAL, 2025-04-01
The net consolidated profit of the Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, rose to EUR 3.96 million in 2024 from EUR 2.83 million a year earlier, SeeNews reports.
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by Marina MAGNAVAL, 2025-04-01
Organized by the National Insurance Bureau of Montenegro (NBOCG), the III Montenegrin Insurance Days, a conference called “Insurance continuously seeks new knowledge”, brought together more than 120 registered participants, including leading insurance experts from Montenegro, the region and Europe, the Bureau said.
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by Marina MAGNAVAL, 2025-04-01
In 2024, the PZU Group increased its gross insurance revenues by PLN 2.6 billion to PLN 29.4 billion, or 9.5% y-o-y. Net profit attributable to shareholders of the parent company exceeded PLN 5.3 billion, with a high adjusted ROE ratio of 18%, PZU said in its statement.
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by Marina MAGNAVAL, 2025-04-01
Warta is consistently strengthening its market position, achieving the highest GWP in the property and life insurance segments in 2024 at over PLN 12.6 billion (~EUR 2.94 billion), which means an increase of 17% y-o-y. This is another record year for the Warta Group, the company said on its website.
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by Marina MAGNAVAL, 2025-04-01
UNIQA in Poland ended 2024 with total GWP of PLN 5.5 billion (~EUR 1.28 billion), which is 18.9% more y-o-y. The insurer recorded a 20.7% increase in the property and 11.2% in the life insurance segment. The group's gross profit in Poland (according to the IFRS17) amounted to PLN 371.3 million, which is the highest result in history, the company said.
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by Daniela GHETU, 2025-04-03
Total compensations paid by Romanian insurers for MTPL claims increased by 38% last year, reaching EUR 944 million. Moreover, payouts from the Policyholders Guarantee Fund (FGA) rose by ~ 48%, alongside insurers’ technical reserves. In total, the MTPL insurance sector’s financial obligations rose to about EUR 1.59 billion.
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by Marina MAGNAVAL, 2025-04-01
APEX INSURANCE, the leader in the insurance market of Uzbekistan, announced record results for 2024, confirming its stability and leadership position in the insurance market, the insurer writes.
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by Marina MAGNAVAL, 2025-04-01
Insurance coverage in Armenia will reach 80% in 3 years if work in this direction begins on January 1, 2026, as stated by Armenian Health Minister Anahit Avanesyan, ArmInfo writes.
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by Marina MAGNAVAL, 2025-04-01
Sales of unified motor insurance policies in Belarus and Russia will begin on April 23, 2025, according to the Ministry of Finance of Belarus, BELTA reports.
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by Marina MAGNAVAL, 2025-04-01
On March 20, 2025, the draft Law of the Kyrgyz Republic "On Insurance and Insurance Activities" in a new version, developed by the Financial Supervision Authority in order to update and harmonize the insurance legislation, was adopted in the third reading, according to the website of the State Financial Supervision Authority.
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by Daniela GHETU, 2025-04-03
On the upcoming start of the trilogue of the Financial Data Access Regulation (FiDA), the German Insurance Association (GDV) warns of massive burdens due to the planned system for passing on customer data to third parties, an article published on the GDV website reads.
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INSURANCE EUROPE NEWS
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by Media XPRIMM, 2025-04-03
The insurance industry backs the European Commission’s proposal to temporarily suspend putting into law the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) until 2028 while the rest of the omnibus package is negotiated.
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MARKETS & TRENDS
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by Daniela GHETU, 2025-04-03
Key challenges for adopters of GLP-1 medications, such as Ozempic® and Wegovy®, are side effects, costs and the potential of weight regain after discontinuing the drug, is one the key points of the Swiss Re’s report on the potential impacts of GLP-1 medications on insurance market risk pricing.
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STATISTICS
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by Daniela GHETU, 2025-04-03
The total gross written premiums (GWP) in Romania’s insurance market—covering companies authorized and supervised by the Financial Supervisory Authority (ASF) and foreign branches—reached RON 23.4 billion (EUR 4.7 billion) in 2024, marking an 11% increase compared to the previous year.
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by Daniela GHETU, 2025-04-03
Cypriot insurers reported FY2024 aggregate GWP of EUR 1.31 billion, up by 8.23% y-o-y, according to the year-end market figures report published by the Insurance Association of Cyprus - IAC. One should note that statistical information for 2023 were reconsidered, since the moment we have published the FY2023 analysis
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by Marina MAGNAVAL, 2025-04-01
At the end of 2024, the insurance sector of Belarus amounted to BYN 2,616.99 million (EUR 722.01 million), which is 18.10% more y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.
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by Marina MAGNAVAL, 2025-04-01
The insurance sector of Kyrgyzstan at the end of 2024 grew by 71.32%, reaching KGS 5,202.01 million (EUR 57.43 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
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ON THE MOVE
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by Media XPRIMM, 2025-04-03
Arch Insurance International (Arch) announced the promotion of Alex Clark to Healthcare Underwriting Manager effective immediately.
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EVENTS
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CURRENT XPRIMM REPORTS
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