North Macedonia's insurance companies reported aggregate FY2024 business worth MKD 15.97 billion (~EUR 259.7 million), up by 11.3% y-o-y, according to the preliminary year-end market figures published on the country's Insurance Supervision Agency website.

Romanian insurers, members of UNSAR - the local professional association -, paid out nearly RON 50 million in storm-related home insurance claims in the first nine months of 2024 - double the total paid for all of 2023, according to the association's latest report.

Following the merger of the Polish life insurance companies belonging to Vienna Insurance Group (VIG) in autumn 2024, VIG is taking the next step to strengthen its local market positioning by acquiring a stake in Phinance – one of Poland's largest financial brokers.

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Daniel Unstad as head of Liberty Nordics, effective immediately. Based in Oslo, he will report to Roland Richter, Regional Executive & Sr. Vice President Head of Surety – EMEA and Rob Groenen, general manager, LSM Benelux & Nordics.

Insurtech firm Yokahu, a Lloyd’s Coverholder, has launched cat-risk.com, a parametric risk exchange designed to streamline transactions between brokers, carriers, and data providers in the London insurance and reinsurance market.

Aon, a leading global professional services firm, announced that Rob McDonough and Brian Hodges will join the firm to accelerate Aon’s construction, infrastructure and surety practice in North America.

Aon, a leading global professional services firm, announced Denise Perlman will join the firm to lead the middle market segment practice in North America, effective April 1.

With the expiration of the mandate of the previous presidency, the Hungarian Insurers Association (MABISZ) elected a new, eight-member Executive Board on March 12, 2025, the Association said on its website.

Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the appointment of Andrew George as President of Marsh Specialty, effective immediately.

The Latvian insurance market saw a 10% increase in GWP, in 2024, to almost EUR 1.23 billion, data provided by the National Bank of Latvia show. However, in the context of decreasing inflation, the market growth pace also slowed last year, as compared with 2023. The growth in claims paid was also slower, of only 5%.

In 2024, the insurance market increased by 62.8%, to RUB 3.7 trillion (EUR 35.06 billion, +52%), significantly outpacing economic growth. The ratio of insurance premiums to GDP increased by 0.6 percentage points, to 1.9% in 2024, according to a review of key performance indicators of insurers published by the Central Bank.

At the end of 2024, the insurance sector of Uzbekistan grew by 21.22% y-o-y and amounted to UZS 9.77 trillion (EUR 727.16 million), according to the data published by the National Agency of Prospective Projects (NAPP).

On the Armenian insurance market, the MTPL loss ratio has been declining in 2025 - in March it was 77.5% (vs 90.8% last year), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo reports.

The insurance companies operating in Bosnia’s Federation generated total GWP of BAM 122.4 million (EUR 62.6 million) in January-February 2025, up 3.6% y-o-y, SeeNews writes with reference to the Insurance supervision agency.

The assets managed by Bulgarian insurance companies rose by 6.6% y-o-y to BGN 11.5 billion (EUR 5.9 billion) at the end of 2024, SeeNews reports with reference to the central bank.

In 2024 GWP of Generali rose to EUR 95.2 billion (+14.9%), thanks to significant growth in both Life and P&C. Life net inflows were very positive at EUR 9.7 billion entirely driven by protection and unit-linked, in line with the Group’s strategy, reflecting the strong product offering and the Group’s highly effective distribution network.

The cost of insurance in Georgia in 2025 may increase by more than 10%. According to the CEO of ARDI, which is a major player in the market, businesses will have to increase prices for life and motor insurance by 10 to 15% due to inflation, Business Georgia writes.

Total revenue of the Georgian insurance sector in 2024 increased to GEL 1.26 billion (~EUR 0.43 billion), which is GEL 200 million more than in 2023, as stated by the Chairman of the Insurance State Supervision Service of Georgia David Onoprishvili, Business Georgia writes.

In 2024, Ethniki Insurance recorded a 15.8% increase in GWP, significantly exceeding the market average of 8.7%. As a result, the company’s market share is expected to reach 14.6% from 13.7% in 2023, the insurer said.

Hannover Re, one of the world’s leading reinsurers, announced that it substantially increased the Group net income in the 2024 financial year and intends to enable its shareholders to participate in the favourable business performance with a 25% higher total dividend, the Group said in its press release.