INSURANCE EUROPE NEWS
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by Media XPRIMM, 2025-03-05
Insurance Europe supports efforts to improve risk mitigation and urges EIOPA to leverage existing national tools, the insurers’ federation answered to a European Insurance and Occupational Pensions Authority (EIOPA) proposal to launch an EU-wide risk awareness and prevention measures tool that would enhance homeowners’ understanding of the impact of climate change on their properties.
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TOP NEWS
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by Marina MAGNAVAL, 2025-03-03
Allianz announced its 4Q2024 and FY2024 results. In 2024 total business volume increased strongly by 11.2% to EUR 179.8 billion. Adjusted for foreign currency translation and consolidation effects, internal growth was 11.9%. The Life/Health business was the main growth driver, with strong contribution also from the Property-Casualty segment.
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by Marina MAGNAVAL, 2025-03-03
AXA announced its full year 2024 earnings. Gross written premiums & other revenues reached EUR 110 billion, up +8% y-o-y, the company said in its press release.
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by Marina MAGNAVAL, 2025-03-03
Swiss Re reported a net income of USD 3.2 billion in 2024, with a net income of USD 1.1 billion for the fourth quarter and a return on equity (ROE) of 15.0% for the full year. The Board of Directors will propose a dividend of USD 7.35 per share, the company said in its press release.
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by Marina MAGNAVAL, 2025-03-03
Munich Re in 2024 posted a net result of EUR 5,671 million, which is higher than the original profit target of EUR 5.0 billion.
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by Media XPRIMM, 2025-03-05
SCOR delivered EUR 233 million net income in Q4 2024, supported by robust performance across all business lines. The P&C combined ratio stood at 83.1%, benefiting from a low natural catastrophe ratio of 6.4% and disciplined reserving. The L&H insurance service result reached EUR 119 million, while investments yielded a solid 3.6% return.
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by Marina MAGNAVAL, 2025-03-03
Total GWP of Albanian insurers increased to ALL 1.98 billion (EUR 20 million) in January, up by 11.37% y-o-y, SeeNews reports.
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by Marina MAGNAVAL, 2025-03-03
Bosnia's Federation-based insurer Grawe Osiguranje Sarajevo, a member of Austrian insurance group Grawe, in 2024 increased its net profit by 74% to BAM 6.1 million (EUR 3.1 million), SeeNews wrote.
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by Marina MAGNAVAL, 2025-03-03
According to the unaudited consolidated reports for 4Q2024, Adris Grupa achieved total consolidated revenue of EUR 1.1 billion, which is 11% more y-o-y, the Group said in its press release.
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by Marina MAGNAVAL, 2025-03-03
The total GWP collected by Croatian insurers in January of 2025 reached EUR 153.5 million, which is 10.17% higher y-o-y. Of that total, EUR 22.8 million (14.8%) relates to life insurance, and EUR 130.8 million (85.2%) – to non-life insurance, osiguranje.hr reports.
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by Marina MAGNAVAL, 2025-03-03
Last year, over 250,000 insurance cases occurred, and insurance dispute statements were submitted to the conciliation body for 505 of them. 227 statements were related to motor third party insurance and 89 – to home insurance, which is 13% more y-o-y.
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by Marina MAGNAVAL, 2025-03-03
In 2024, ERGO paid out EUR 212 million to customers in the Baltic States, of which EUR 56 million in Latvia, EUR 101 million in Lithuania, and EUR 55 million in Estonia, the Latvian Insurers Association (LAA) said in its press release.
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by Marina MAGNAVAL, 2025-03-03
The Polish Chamber of Insurance announced that the 12th edition of its Congress will be held on May 21–22 at the Sheraton Sopot Hotel. The motto of this year's Congress will be "Competitiveness".
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by Daniela GHETU, 2025-03-04
The Polish insurance sector recorded an all-time high in motor insurance payouts in 2024, with insurers disbursing PLN 19.24 billion (EUR 4.4 billion) in claims from MTPL insurance and Motor own Damage (MoD) policies. This marks a PLN 3 billion increase compared with 2023, according to Insurance Guarantee Fund (UFG) as quoted by Gazeta Ubezpieczeniowadata.
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by Daniela GHETU, 2025-03-04
The top 10 largest home insurance payouts for fully insured properties in Romania exceeded RON 6 million in the first nine months of last year, according to an industry analysis provided by the National Union of Insurance and Reinsurance Companies of Romania (UNSAR) shows.
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by Marina MAGNAVAL, 2025-03-03
Hellenic Bank presented strong financial results for 2024, confirming its growth trend and strategic commitment to strengthening its position in the insurance sector of Cyprus, cyprusinsurancenews.com wrote.
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by Marina MAGNAVAL, 2025-03-03
According to the Chairman of the Board of the Agricultural Insurance Fund of Azerbaijan Fuad Sadigov, the insurance service is readily accessible to 96% of the crop areas in Azerbaijan.
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by Marina MAGNAVAL, 2025-03-03
In 2024, the life insurance segment led in terms of growth among all segments of the financial market in Kazakhstan.
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by Marina MAGNAVAL, 2025-03-03
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) made 1,331 regulatory payments from the Victims Protection Fund in January 2025 for a total of UAH 75.7 million (~EUR 1.76 million). According to Forinsurer, the number of regulatory payments increased by 107% y-o-y, and the total amount of payments increased by 108%.
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by Marina MAGNAVAL, 2025-03-03
Aviva, one of the UK’s leading Insurance, announced its 2024 results. According to the company’s press release, the Group’s operating profit was up 20% to GBP 1,767 million (vs 2023: GBP 1,467 million).
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by Media XPRIMM, 2025-03-04
Optio Group, an independent specialty MGA, announced it has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed sum, subject to regulatory approval.
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EIOPA NEWS
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by Daniela GHETU, 2025-03-04
The 9th Conference on Global Insurance Supervision: Global Insurance Supervision: Building Resilience in a Risk-Driven World will take place on 3 September 2025 at Campus Westend, Goethe University, Frankfurt am Main, Germany, the International Center for Insurance Regulation (ICIR) and the European Insurance and Occupational Pensions Authority (EIOPA) announced.
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STATISTICS
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by Daniela GHETU, 2025-03-03
The CEE insurers wrote gross premiums worth EUR 39.93 billion, by 10.59% more y-o-y in 3Q2024. At the same time, claims paid totaled more than EUR 20 billion (EUR 19.24 billion not including data for Kosovo, Romania and Slovenia, as not available).
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by Daniela GHETU, 2025-03-03
At the end of 2024, the insurance market of Estonia totaled EUR 685.43 million in terms of GWP, up by 7.36% y-o-y, according to the year-end market data published by the Estonian National Statistics Board.
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by Daniela GHETU, 2025-03-03
During 2024, the Lithuanian insurance market grew by 8.96% y-o-y (or by EUR 130.25 million) to EUR 1.58 billion, while the value of payments expanded by 11.4% y-o-y to EUR 704.67 million, according to the market figures published by the Bank of Lithuania – Lietuvos Bankas.
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by Daniela GHETU, 2025-03-03
According to the Central Bank of the Republic of Kosovo, the local market grew by 14.63% y-o-y, to GWP worth EUR 167.9 million. At the same time, paid claims reached EUR 76.60 million, which is 8.44% higher than in 2023.
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ON THE MOVE
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by Marina MAGNAVAL, 2025-03-03
On 27 February 2025, the PZU SA Supervisory Board adopted a resolution on appointing Andrzej Klesyk to the company's management board, entrusting him with the function of the President of the PZU SA Management Board, subject to approval of the Polish Financial Supervision Authority.
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by Daniela GHETU, 2025-03-04
The Polish Chamber of Insurance (PIU) has appointed Artur Dzieka?ski as its new Spokesperson and Head of Communications. With extensive experience in corporate communications, financial reporting, and crisis management, Dzieka?ski is set to enhance PIU’s public relations strategy and industry outreach.
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by Marina MAGNAVAL, 2025-03-03
The Hellenic Association of Insurance Companies (EAEE) on February 25 elected its new Board of Directors for the two-year period 2025-2026.
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by Marina MAGNAVAL, 2025-03-03
Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval.
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by Marina MAGNAVAL, 2025-03-03
MetLife, one of the world’s leading financial services companies, announced that Christian Mumenthaler has been elected to its board of directors, effective May 1, 2025.
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by Marina MAGNAVAL, 2025-03-03
SCOR announced retirement of René Kunz, Head of Agriculture at SCOR P&C, after nearly 20 years of dedicated service to the role and the Group. He will be succeeded by Vikas Mahajan, effective May 1st, while René will remain at SCOR until July to ensure a smooth transition, the company said.
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by Media XPRIMM, 2025-03-04
Apollo, the innovative integrated insurance group, today announces the appointment of Rob Littlemore as independent non-executive director of Apollo Syndicate Management Limited (“ASML”), subject to regulatory approval.
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by Marina MAGNAVAL, 2025-03-03
Chubb, a world leader in insurance, announced that Ana Robic, Senior Vice President, Chubb Group and currently Division President of Personal Risk Services (PRS), Chubb North America, has been appointed Regional President of Europe, Middle East and Africa, the company said in its press release.
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EVENTS
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CURRENT XPRIMM REPORTS
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