News - Insurance
POLAND: KNF set to become the national resolution authority for insurers and reinsurers
Poland’s Financial Supervision Authority (KNF) is set to become the national resolution authority for insurers and reinsurers under the planned implementation of the EU Insurance Recovery and Resolution Directive (IRRD), instead of the Bank Guarantee Fund (BFG), which had been preparing for this role for several years, Gazeta Ubezpieczeniowa reported.
Child Safety: Central European insurers join forces for safer roads
With the new school year underway, insurance associations and road safety organizations across Central Europe are once again joining forces to promote child road safety and accident prevention, bringing national initiatives together under the regional Child Safety program.
CROATIA: Only 20-25% of properties insured as climate and reconstruction costs increase risks
Despite Croatia’s high homeownership rate, only an estimated 20-25% of properties are insured, while rising rebuilding costs and increasingly severe climate-related risks are widening the protection gap and increasing the risk of underinsurance, according to Croatia osiguranje.
SERBIA: EVs bring higher claims costs and require new insurance pricing models
The growing use of electric vehicles is bringing new risks, higher claims costs and longer repair times, requiring insurers to adjust their risk assessment, underwriting and pricing models, Serbian insurance executives said during the EV Days conference held on September 10-11 in Novi Sad.
STATISTICS: HUNGARY, 1H2026
The Hungarian insurance sector maintained a positive development and financial stability in the first half of 2026. The sector’s cumulative premium income amounted to HUF 1,084 billion (EUR 3.053 billion), up 3.5% y-o-y, according to data provided by the National Bank of Hungary (MNB). The overall result reflected a 6.7% increase in non-life premium income and a 1% decrease in life insurance premiums.
STATISTICS: POLAND 1H2026: Insurance market grows 7.1% as life business gains momentum
The Polish insurance market ended the first half of 2026 with GWP of PLN 47.3 billion (EUR 11.011 billion), up 7.1% y-o-y, according to the Polish Insurance Association (PIU). Life insurance premiums increased by 12.5% to PLN 13.6 billion (EUR 3.167 billion), while non-life GWP rose by 5% to PLN 33.7 billion (EUR 7.84 billion).
Groupama reports combined premium income of EUR 14 billion in 1H with growth recorded across all business lines
As at 30 June 2026, Groupama’s combined premium income stood at EUR 14.0 billion, an increase of 8.7% compared with 30 June 2025.
STATISTICS: EURASIA, 1Q2026: Most markets saw double-digit growth in both premiums and paid claims
According to xprimm statistics, the regional insurance market of Eurasia (former USSR*) grew by 19.67% in euros by the end of the first half of 2026, reaching EUR 27.56 billion.
STATISTICS: RUSSIA, 1H2026: Insurance market net profit drops by 28.4%
In the first half of 2026, the insurance market grew by 14.44% to RUB 2.02 trillion (EUR 22.80 billion, +19.13%), according to data published by the Central Bank.
STATISTICS: TAJIKISTAN, 1Q2026 and 1H2026: Paid claims drop by 36% in the first quarter and by 60% in the first half of the year
Tajik insurance market in 1Q2026 amounted to TJS 120.50 million (EUR 10.92 million), an increase of 5.33% y-o-y in local currency. Market paid claims totaled TJS 9.30 million (EUR 0.84 million), which is 35.90% less according to the National Bank's report.
STATISTICS: UZBEKISTAN, 1H2026: The market sees a rise in GWP, paid claims, number of policies and charter capital
Uzbekistan's insurance sector grew by 28.63% y-o-y in the first half of 2026, reaching a total of UZS 8.02 trillion (EUR 583.07 million). Total paid claims amounted to UZS 2.25 trillion (EUR 163.80 million), which is 80.91% more y-o-y in local currency, according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan (NAPP).
KAZAKHSTAN: Life insurance penetration in the country's economy stands at approximately 1% of GDP but holds significant potential for further growth
In the first seven months of 2026, total GWP in the Kazakh market reached KZT 1.1 trillion (~EUR 2,084 million), a 15.77% increase y-o-y.
KAZAKHSTAN: S&P Global Ratings upgrades Eurasia Insurance to 'BBB+' and Eurasia Life to 'BBB'. Outlook stable
S&P Global Ratings raised its long-term issuer credit and insurer financial strength ratings on Eurasia Insurance Co. to ‘BBB+’ from ‘BBB’. Eurasia Insurance Company is the leading insurer in the market of Kazakhstan.
Willis: Trevor Madden appointed as Head of Captive and Insurance Management Solutions, Asia Pacific effective 1 November
Willis, a WTW business, appointed Trevor Madden as Head of Captive and Insurance Management Solutions, Asia Pacific, effective 1 November 2026, the company said on its website.
ROMANIA: Allianz-Țiriac announces changes to its executive management team
Allianz-Țiriac has announced several changes to its executive management team, with Aurel Badea set to leave the company at the end of 2026, Adriana Matache taking over responsibility for the technical area, and Andrei Rubeli joining the insurer as Chief Financial Officer (CFO).
EIOPA calls for minimum EU standards for insurance guarantee schemes
EIOPA has submitted technical advice to the European Commission proposing minimum common standards for insurance guarantee schemes (IGS) across the EU, aiming to reduce current differences in policyholder protection in the event of an insurer's failure, the institution said on its website.
Insurance Europe’s Reinsurance Advisory Board appoints Hannover Re’s Jungsthöfel and PartnerRe's Meyenhofer in leadership transition
Clemens Jungsthöfel, Chief Executive Officer of Hannover Re, has been appointed Chair of Insurance Europe’s Reinsurance Advisory Board (RAB) for the 2026–2027 period. Philippe Meyenhofer, Chief Executive Officer of PartnerRe, has been appointed Vice-Chair.
ROMANIA: AGRA reports agricultural claims notifications more than doubled since 2021
The number of agricultural claims notifications recorded by AGRA Asigurari has more than doubled over the past four years, while the affected agricultural area increased by over 130%, highlighting the growing impact of weather-related risks on Romanian farming.
STATISTICS: KOSOVO 1H2026: MTPL insurance drives market growth
The insurance market of Kosovo totaled EUR 86.5 million at the end of H1 2026, 3.84% more y-o-y, according to data provided by the Central Bank (CBK).
AXA partners with Publicis Sapient to scale AI across the Group
AXA has entered into a strategic partnership with Publicis Sapient to accelerate the deployment of its Global AI Hub, a Group-wide platform designed to support the secure and responsible use of AI agents across its operations.
17 September 2026