News - Insurance

BALTICS: ERGO completes merger with Gjensidige across the Baltic states

ERGO Insurance has completed its merger with Gjensidige's Baltic operations, incorporating the Lithuania-registered non-life insurer, which also operated through branches in Latvia and Estonia. Gjensidige has consequently ceased to exist as a separate legal entity, according to Baltic News Network.

HUNGARY: Ominimo plans 2027 relaunch with new insurance partner

Hungarian-founded insurtech Ominimo plans to relaunch its operations in Hungary in the first quarter of 2027, replacing its current insurance partner, Signal Iduna, with a new international insurer. According to information reported by Dealroom.co and Portfolio.hu, the move is part of Ominimo's strategy to expand its presence in the Hungarian motor insurance market.


STATISTICS: TÜRKIYE 3Q2026: growth slows down, but the market remains on a positive trend

According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2026 the local insurance market increased by 28% y-o-y reaching TRY 1.09 trillion (~EUR 19.7 billion). In European currency, due to about 14% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +12.36% y-o-y.

Premium production in the life sector jumped by 43% y-o-y to TRY 179.32 billion (25.5%, EUR 3.22 billion), while on the non-life side, the GWP went up by 25.48% to TRY 917.81 billion (10.11%, EUR 16.49 billion). While still impressively high, the market growth pace has slowed down as compared with the previous reporting periods.

Optio acquires Norwegian aquaculture MGA SAFE Forsikring

Optio Group, the independent specialty MGA, has acquired Norwegian specialty MGA SAFE Forsikring for an undisclosed sum, strengthening its Nordic presence and expanding its European operations. Specialising in aquaculture insurance, SAFE will join Optio’s Norwegian platform alongside S Insurance and AGS Forsikring.

Vienna Insurance Group acquires health insurer in Türkiye

Vienna Insurance Group (VIG) is expanding its presence in the Turkish market by acquiringn of Demir Sağlık ve Hayat Sigorta A.Ş. (Demir). This strategic acquisition broadens the product range in the profitable and rapidly growing health insurance segment, thereby contributing to the diversification of portfolios in Türkiye. 



AIG delivers strong profitability and premium growth in the third quarter

General Insurance net premiums written (NPW) of American International Group (AIG) in the third quarter amounted to USD 6.7 billion, representing an increase of 7% year-over-year on a reported basis and 8% on a constant dollar basis, driven by 7% growth in Global Commercial and 9% growth in Global





HUNGARY: Ominimo to start cooperation with a new global insurer in the first quarter of 2027

Ominimo insurtech startup has acquired an insurance partner and would significantly expand its domestic activities in the future. Ominimo is expected to relaunch in cooperation with a new, global insurer in the first quarter of 2027, subject to obtaining the necessary supervisory permits. The existing client base will be continued by its current partner, Signal Iduna.






TURKIYE: Fire insurance ranks first in claims for October flood disaster

The amount of damages incurred by the insurance sector related to the 14-15 October flood disaster in Turkiye has reached at least TRY 11.46 billion (USD 229.2 million) as of October 26, from 9,738 claims filed, according to data from the Insurance Association of Turkiye.