News - Insurance
EIOPA: insurers and pension funds should remain vigilant about their exposure to geopolitical and macroeconomic risks
The European Insurance and Occupational Pensions Authority (EIOPA) published its June 2025 Financial Stability Report, which offers a summary of how Europe’s insurance, reinsurance and occupational pensions sectors are faring in the current volatile macroeconomic environment.
19 June 2025EU’s new End - of - Life Vehicle rules raise concerns among insurers, says GDV
The European Union is tightening regulations on end-of-life vehicles (ELVs) as part of its broader push for a circular economy and stronger environmental protection. While the German Insurance Association (GDV) supports the overarching goals, it has raised concerns about the potential impact on insurers.
19 June 2025Infinity Capital Investments becomes new shareholder in PAID Romania
Infinity Capital Investments S.A., a Romanian financial investment company formerly known as SIF Oltenia, is set to become a significant shareholder in PAID Romania – the Natural Disaster Insurance Pool, the insurer managing the country’s mandatory home insurance scheme.
19 June 2025Insurance Europe responds to IAIS consultation on structural shifts in the life insurance sector
Insurance Europe has responded to a consultation by the International Association of Insurance Supervisors (IAIS) which focusses on a draft Issues Paper on structural shifts in the life insurance sector, including alternative assets and asset-intensive reinsurance (AIR).
19 June 20252025 Geneva Association Ernst Meyer Prize awarded to works that help insurers navigate today’s complex global risk landscape
The Geneva Association announced the co-winners of the 2025 Geneva Association Ernst Meyer Prize: Nicolaus Grochola (Goethe University Frankfurt), Julia Holzapfel (Ludwig Maximilian University of Munich), and Lin Zhou (Lingnan University, Hong Kong).
19 June 2025STATISTICS: ex-USSR, 1Q2025: regional market rises by more than 50%
The regional insurance market of the former USSR countries* grew by 50.32% in euros in the first quarter of 2025, amounting to EUR 11.45 billion, according to xprimm statistics.
17 June 2025STATISTICS: CZECHIA 1Q2025 (CNB): motor lines drove GWP growth while property lines pushed up claims expenses
According to the Czech National Bank data, Czech insurers ended Q1 2025 with GWP worth EUR 2.51 billion, by almost 7% more y-o-y. Paid claims have increased by 4.74%, to EUR 1.12 billion.
17 June 2025STATISTICS: Hungarian insurers' Q1 was highly profitable and also saw a strong GWP growth
The aggregate Q1 GWP reported by Hungarian insurers totaled HUF 568.96 billion (~EUR 1.41 billion), 24.22% more y-o-y, according to the Q1 statistics published by the Central Bank of Hungary (local currency). The life insurance business accounted for 40.7%, a significantly higher weight in the market portfolio as compared with Q1 2024 (+7 percentage points).
17 June 2025STATISTICS: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to almost 48%
The insurance sector of Kyrgyzstan grew by 70.20% at the end of the first quarter of 2025, reaching KGS 1,369.39 million (EUR 14.70 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
17 June 2025STATISTICS: RUSSIA, 1Q2025: paid claims more than doubled y-o-y
In January-March 2025, the insurance market grew by 46.16%, reaching RUB 845.42 billion (~EUR 9.43 billion).
17 June 2025BULGARIA: The assets of the insurance sector rise 9.5% y-o-y at the end of March
The assets managed by Bulgarian insurance companies amounted to BGN 11.76 billion (EUR 6.01 billion) at the end of March, which means a y-o-y increase of 9.5%, SeeNews writes with reference to the central bank.
17 June 2025ARMENIA: Farmers insured a small amount of land in 2025
In 2025, farmers insured a small amount of land, as reported by Deputy Minister of Economy of Armenia in charge of agriculture, Arman Khojoyan, ArmInfo writes.
17 June 2025AZERBAIJAN: Compulsory insurance development strategy for 2025-2027 approved
The Insurance Sector Development Strategy of the Compulsory Insurance Bureau (CIB) for 2025-2027 has been approved in Azerbaijan. It was developed to ensure sustainable, innovative and transparent development of the compulsory insurance sector in Azerbaijan, Trend writes with reference to the CIB.
17 June 2025KYRGYZSTAN: Total number of insured residential buildings increased by 2.4 times
The State Insurance Organization reported that, as of June 1, 2025, there are 331.5 thousand compulsory insurance contracts for housing against fires and natural disasters in Kyrgyzstan, 24.kg writes with reference to GSO.
17 June 2025MOLDOVA: In the first five months, the state social insurance budget revenues amounted to 46.8% of the annual plan
In the first five months of this year, the state social insurance budget revenues amounted to MDL 22,448.1 million (~EUR 1.16 billion), which is 46.8% of the annual plan.
17 June 2025S&P upgrades Sava Re credit ratings to A+, outlook stable
S&P Global Ratings published revised credit ratings for Sava Re d.d. and Zavarovalnica Sava d.d., raising their long-term issuer credit and financial strength ratings to “A+” with a stable outlook. In addition, S&P raised its ratings for two of Sava Re’s junior subordinated bonds from “BBB+” to “A-”, Sava Re said in its press release.
17 June 2025SERBIA: the Association of Serbian Insurers signs a Cooperation Agreement with the Serbian Chamber of Commerce and the Serbian Banking Association
The Association of Serbian Insurers has signed a Cooperation Agreement with the Serbian Chamber of Commerce and the Serbian Banking Association, which envisages joint work on the development of the financial services market, the Association said on its website.
17 June 2025S&P upgrades Triglav Group’s ratings to A+
S&P Global Ratings upgraded the financial strength and issuer credit ratings of Triglav Group and thereby of its parent company Zavarovalnica Triglav and the Group member Pozavarovalnica Triglav Re from "A" to "A+", the Group said in its press release.
17 June 2025LIVE FROM BATUMI: Insights and innovations at the International Insurance Conference of Georgia 2025 – DAY 2
Mariam KOSHORIDZE, Head of Consumer Protection and Financial Education Division, Legal Department, Insurance State Supervision Service, Georgia
13 June 2025LIVE FROM BATUMI: Insights and innovations at the International Insurance Conference of Georgia 2025
As the sun rises over Batumi, on the eastern coast of the Black Sea, 2025 edition of the International Insurance Conference of Georgia kicks off today, June 12, bringing together industry leaders, regulators, and innovators from 18 markets across the globe to discuss the future of the insurance sector.
12 June 2025
