News - Insurance
Aon expands its transition analytics offering with TPI Portfolio designed to be a common language for transition risk
Aon, a leading global professional services firm, expands its transition analytics offering with the launch of TPI Portfolio, an enhancement to its existing Transition Performance Index (TPI). This expanded capability is designed to help insurers more efficiently assess their risk appetite and make underwriting decisions accordingly, the company said.
ARMENIA: Health insurance loss ratio reaches 69% in 1H
In Armenia, rising medical costs have driven up the loss ratio in health insurance (both voluntary and with social packages, according to the source), which reached 69% by the end of the first half of 2025, according to the Financial Rating of Armenian Insurance Companies as of June 30, 2025, prepared by ArmInfo.
AZERBAIJAN: The insurance market grows by 13% in January-August
In January-August of this year, 16 insurance companies in Azerbaijan collected AZN 1.04 billion (~EUR 526.67 million) in premiums, which is 13% more y-o-y, ABC.AZ reports, citing the Central Bank.
BELARUS: Voluntary and compulsory insurance increased in January-July
From January to July 2025, GWP in the Belarusian insurance sector amounted to BYN 1,665.9 million (~EUR 445.42 million), which represents an 11.7% increase compared to the same period in 2024, according to the Ministry of Finance of the Republic of Belarus.
CROATIA: The insurance market rises 7.3% in the first eight months
In the first eight months of 2025, total GWP of the insurance sector in Croatia amounted to EUR 1.4 billion, or 7.3% more y-o-y, osiguranje.hr writes based on HANFA’s report (Croatian Financial Services Supervisory Agency).
Fitch upgrades Generali's IFS Rating to 'AA-' from 'A+'
Fitch Ratings has upgraded Generali and its core subsidiaries' Insurer Financial Strength (IFS) Ratings to 'AA-' from 'A+'. The agency has also upgraded Generali's Long-Term Issuer Default Rating (IDR) to 'A+' from 'A'. The Outlooks are stable.
Groupama’s half-year premium income up 7.1%
As at 30 June 2025 French insurer Groupama’s combined premium income stood at EUR 12.9 billion, an increase of +7.1% from 30 June 2024. The increase came from property and casualty (+6.4%),
POLAND: Catastrophic losses in 2024 cost the insurance sector three times more than a year before
According to the Polish Financial Supervision Authority’s (KNF) estimation, last year's catastrophic losses reached PLN 3.84 billion (~EUR 0.9 billion), 272% more than the previous year. Natural disasters generated the largest share of this amount, according to money.pl.
SERBIA: Consolidated net profit of Dunav Osiguranje jumps by 54% in 1H
According to the Serbian state-controlled insurer Dunav Osiguranje, its consolidated net profit rose by 54% on the year in the first six months of 2025 to RSD 2.9 billion (EUR 24.8 million), SeeNews writes.
SERBIA: The first joint conference of the Serbian Chamber of Commerce, the Serbian Banking Association and the Serbian Insurance Association held in September
The conference under the title "Key Trends in the Financial and Real Sectors", held at the Zlatibor Hotel in Zlatibor from September 22-24, represents the first result of the Cooperation Agreement signed by the three institutions in June, the Insurance Association reports.
TAJIKISTAN: Tajikistan hosted the 21st meeting of the Interstate Coordination Council of the Heads of Insurance Supervisory Authorities of the CIS Member States
The 21st meeting of the Interstate Coordination Council of the Heads of Insurance Supervisory Authorities of the CIS Member States was held in Tajikistan on September 25, 2025, the CIS Executive Committee Press Service reported.
TURKIYE: Delays and disruptions in the supply chain erode policyholders' trust in the sector
Delays and disruptions in the supply chain not only create additional workload for insurance companies and adjusters, but also erode policyholders' trust in the sector, according to the board of directors of the Turkish Insurance Experts Association (TUSED), Middle East Insurance Review writes.
UKRAINE: Arsenal Insurance expands its business by 55% in June-August
Arsenal Insurance, a top 10 non-life insurer of Ukraine, paid out nearly UAH 435 million (~EUR 9.06 million) to its clients in June-August 2025, which is 37.8% more y-o-y. The company's GWP for this period totaled UAH 1.32 billion (~EUR 27.51 million), which represents a 55% increase compared to the previous year, Forinsurer writes.
The XVIIth International Istanbul Insurance Conference – looking at the future of reinsurance
The XVIIth International Istanbul Insurance Conference, organized by IUC Group and STD – the Association of Insurance Practitioners, took place in Istanbul on 30 September, bringing into the limelight the opportunities and challenges that the latest digital technologies bring for the insurance industry.
4th International Insurance Summit & XVIIth International Istanbul Insurance
Conference -Day 1: impact of digital technologies on the insurance sector
The 4th International Insurance Summit, organized by the Insurance Association of Türkiye (TSB) under the theme “Digital Futures: How Technology Changes the Insurance Sector”, started today In Istanbul. The Summit is part of the two days event which will continue in the second day with the XVIIth International Istanbul Insurance Conference.
STATISTICS: CZECHIA 1H2025: Major increase of the claims expenses for property insurance
According to the Czech National Bank data, Czech insurers ended H1 2025 with GWP worth EUR 5.05 billion, by 8.1% more y-o-y. Paid claims have increased by 7.07 %, to EUR 2.45 billion.
STATISTICS: LITHUANIA 1H2025: non-life insurers profitability improved significantly
During the first half of the year, the Lithuanian insurance market grew by 8.9% y-o-y to EUR 861 million, according to the market figures published by the Bank of Lithuania.
STATISTICS: LATVIA 1H2025: GWP up by almost 19%, while paid claims only grey by 3.5%
Latvian insurers ended H1 2025 with gross written premiums (GWP) worth EUR 679.26 million, 9.8% up y-o-y. Life insurance accounted for almost 18.6% of this total, while motor insurance is the business segment with the largest participation to the market portfolio (27.53%).
STATISTICS: SERBIA 1H2025: Top 3 insurers control almost 60% of the market
Serbian insurers ended 1H2025 with total GWP worth RSD 97.6 billion (EUR 833 million), which is almost 10% more y-o-y, according to statistical data published by the National Bank of Serbia (NBS). Paid claims increased at a similar pace, reaching RSD 42.17 billion (EUR 360 million). The market portfolio’s structure remained largely unchanged y-o-y, with life insurance accounting for 16.3% of the total GWP, while non-life holds the dominant role. Motor insurance lines generated almost half of the non-life GWP, while property insurance contributed close to 20%.
Austria faces record catastrophe losses amid growing climate risks
Austria was hit by exceptionally high catastrophe losses in 2024, underscoring the growing impact of climate change. On average, insured losses from natural disasters exceed one billion euros annually, yet last year set a new record: EUR 1.7 billion in insured damages, Austrian Insurance Association (VVO) said.
2 October 2025