During Q1-Q3 2024, the Slovak insurance market totaled EUR 1.56 billion, 6.96% more y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

The life insurance segment was up by 3.5% y-o-y to EUR 578.7 million, while the non-life classes accounted for EUR 982.85 million (or 62.94% of total GWP), or 9% more y-o-y.

The value of paid claims by local insurers decreased by 23.66% y-o-y to EUR 877.5 million, of which EUR 391.8 million related to life indemnities, the remaining EUR 485.7 million being accounted by the other non-life subclasses.

The insurance market of Cyprus totaled EUR 936.3 million at the end of September 2024, increasing by 7.6% y-o-y, according to the quarterly data published by The Insurance Association of Cyprus - IAC.

Hellas Direct, the insurance company celebrating its second anniversary in Romania, reaffirms its long-term commitment to the Romanian market. The company announces plans to invest EUR 68 million, generated directly in the local market, to strengthen its presence and expand its range of services.

Romanian insurers aggregated net profit continued to grow in 1H 2024, a trend that has been observed since 2021, the main influence being the increase in MTPL insurance rates, as this business line is the most prominent in the Romanian insurance market, data provided by the market authority show.

Arch Insurance International (Arch) has announced the promotion of Elizabeth Thompson to Offshore Energy Underwriting Manager and the appointment of James Brown as a Senior Energy Advisor, both effective immediately.

The inaugural edition of ReConnext, an all-inclusive reinsurance networking event, will take place on February 16-19, 2025, at the Titanic Mardan Palace Hotel in Antalya. The event organized by Confera Event Partners and IUC Group is launching a completely new “all-inclusive event concept” of purely international nature.

Allianz Investment Management SE (AIM), the Allianz Group entity which develops, steers and implements the investment strategy for insurance premiums earned by Allianz entities globally (proprietary investments), has appointed a new leadership team, the Group said in its press release.

On December 5, 2024 during the meeting of the Executive Committee (ExCo) of the International Association of Insurance Supervisors (IAIS) held in Cape Town, South Africa, David Onoprishvili, Chairman of Insurance State Supervision Service of Georgia was confirmed as a member of the Executive Committee for a two-year term.

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, announced changes to its Council membership to fill an upcoming open vacancy. Alexander Baugh has been appointed as an independent nominated member of Lloyd’s Council, Chair of Lloyd’s Risk Committee and a member of Lloyd’s Audit Committee, subject to regulatory approval.

In 2024, revenues from mandatory state social insurance contributions in Azerbaijan exceeded AZN 5.76 billion (~EUR 3.25 billion), which is 10.9% or AZN 566.5 million more than in 2023, Trend reports.

According to the Association of Insurance Companies of Cyprus, the insurance sector confirmed over the first 9 months of 2024 its stability and resilience to external factors.

German insurer ERGO Group AG – with business in many CEESE markets such as Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland - once more has been awarded the coveted employer seal in 2025 by the international consulting institute “Top Employers Institute”, the company said.

Generali has been recognised as a “Top Employer” again in 2025 by the Top Employers Institute, the company announced.

According to data provided by the National Bank of Moldova, as of September 30, 2024, the number of active insurance policies in Moldova amounted to 1.31 million units, which is 1.8% more than at the end of the previous quarter.

Bearing in mind complexity of the requirements of the Solvency II Directive and the need for a significant adjustment of the insurance sector, the Insurance Supervision Agency has started a series of activities so that the Montenegrin insurance sector is fully prepared for the full application of all requirements of Solvency II.

Worldwide, natural disasters caused losses of USD 320 billion in 2024 (2023, adjusted for inflation: USD 268 billion), of which around USD 140 billion (USD 106 billion) were insured, Minich Re said in its recent press release “Natural disasters 2024: Climate change is showing its claws”.

The League of Insurance Organizations of Ukraine (LIOU) and the National Association of Insurers of Ukraine (NAIU) signed a Memorandum of Cooperation and Partnership to consolidate efforts to develop a solvent, sustainable, competitive insurance market in Ukraine and protect the rights of consumers of insurance services, according to Forinsurer.

MTPL GWP during 2024 increased significantly - by 26% y-o-y and exceeded UAH 11 billion (~EUR 0.25 billion), Forinsurer reports based on the MTIBU report.

The European Council’s recently released report Forward look2025 – Time for Leadership highlights how climate change is profoundly impacting the insurance industry, where rising costs and widening coverage gaps risk pushing the continent toward a potential insurance crisis.

The recent wildfires sweeping through Los Angeles have caused unprecedented destruction, with economic losses currently estimated by AccuWeather to reach up to USD 275 billion, while officials warn the region isn’t in the clear yet. This catastrophe is poised to become one of the most financially devastating natural disasters in U.S. history.