News - Insurance
BALTICS: ERGO completes merger with Gjensidige across the Baltic states
ERGO Insurance has completed its merger with Gjensidige's Baltic operations, incorporating the Lithuania-registered non-life insurer, which also operated through branches in Latvia and Estonia. Gjensidige has consequently ceased to exist as a separate legal entity, according to Baltic News Network.
HUNGARY: Ominimo plans 2027 relaunch with new insurance partner
Hungarian-founded insurtech Ominimo plans to relaunch its operations in Hungary in the first quarter of 2027, replacing its current insurance partner, Signal Iduna, with a new international insurer. According to information reported by Dealroom.co and Portfolio.hu, the move is part of Ominimo's strategy to expand its presence in the Hungarian motor insurance market.
ROMANIA: Cyber incidents surge, with compromised accounts up 353% and ransomware attacks rising 153%, Aon warns
Cyber threats are intensifying in Romania, with account compromises increasing by 353%, ransomware attacks by 153% and phishing incidents by 70.6% between 2025 and 2026, according to data analyzed by Aon. More than 25 million security events were reported during this period, highlighting the growing exposure of businesses to cyber risks.
STATISTICS: TÜRKIYE 3Q2026: growth slows down, but the market remains on a positive trend
According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2026 the local insurance market increased by 28% y-o-y reaching TRY 1.09 trillion (~EUR 19.7 billion). In European currency, due to about 14% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +12.36% y-o-y.
Premium production in the life sector jumped by 43% y-o-y to TRY 179.32 billion (25.5%, EUR 3.22 billion), while on the non-life side, the GWP went up by 25.48% to TRY 917.81 billion (10.11%, EUR 16.49 billion). While still impressively high, the market growth pace has slowed down as compared with the previous reporting periods.
Premium production in the life sector jumped by 43% y-o-y to TRY 179.32 billion (25.5%, EUR 3.22 billion), while on the non-life side, the GWP went up by 25.48% to TRY 917.81 billion (10.11%, EUR 16.49 billion). While still impressively high, the market growth pace has slowed down as compared with the previous reporting periods.
Optio acquires Norwegian aquaculture MGA SAFE Forsikring
Optio Group, the independent specialty MGA, has acquired Norwegian specialty MGA SAFE Forsikring for an undisclosed sum, strengthening its Nordic presence and expanding its European operations. Specialising in aquaculture insurance, SAFE will join Optio’s Norwegian platform alongside S Insurance and AGS Forsikring.
Vienna Insurance Group acquires health insurer in Türkiye
Vienna Insurance Group (VIG) is expanding its presence in the Turkish market by acquiringn of Demir Sağlık ve Hayat Sigorta A.Ş. (Demir). This strategic acquisition broadens the product range in the profitable and rapidly growing health insurance segment, thereby contributing to the diversification of portfolios in Türkiye.
STATISTICS: KAZAKHSTAN, 3Q2026: Life insurance generates nearly 54% of total GWP
By the end of the third quarter of 2026, Kazakhstan’s insurance sector had grown by 28.24%, reaching KZT 1,795.75 billion (EUR 3,601.59 million), according to data published by the National Bank. Paid claims rose by nearly 32%, totaling KZT 427.18 billion (EUR 856.77 million).
Achmea completes sale of its Slovak healthcare activities to Dôvera to accelerate growth in other portfolios in Slovakia and across other European countries
Achmea, following receipt of all required approvals, has completed the previously announced sale of its Slovak healthcare activities to Dôvera. All shares of the Slovak health insurance company Union zdravotná poisťovňa (UZP) have thereby been transferred to Dôvera.
AIG delivers strong profitability and premium growth in the third quarter
General Insurance net premiums written (NPW) of American International Group (AIG) in the third quarter amounted to USD 6.7 billion, representing an increase of 7% year-over-year on a reported basis and 8% on a constant dollar basis, driven by 7% growth in Global Commercial and 9% growth in Global
Aon increases Client Treaty to 35% co-insurance for 2027 to give clients greater efficiency and confidence when placing their risks
Aon, a leading global professional services firm, has announced the successful renewal of the Aon Client Treaty (ACT). From 1 January 2027, the facility will enable 35% co-insurance on eligible business placed through Aon's Global Broking Centre and on facultative reinsurance placed by Aon's Reinsurance Solutions, up from 28.5%.
CZECHIA: Number of compulsory liability claims is stable, yet higher costs
The Czech Insurers' Bureau (ČKP) expects approximately 271,000 claims from compulsory insurance in 2026, which is about the same number as in 2025.
ESTONIA: The number of motor insurance cases in the first nine months becomes a record
In the first nine months of 2026, 27,692 motor liability insurance cases were registered, or an average of 101 cases per day. This number of cases is a record in the first nine months of a year.
GREECE: CrediaBank and Europe Insurance now together in a single financial group
CrediaBank has announced the completion of the merger by absorption of Europe Holdings. With the completion of the transaction, Europe Insurance and NAK Insurance Brokers join the CrediaBank Group, strengthening its presence in non-life insurance and insurance brokerage.
HUNGARY: Ominimo to start cooperation with a new global insurer in the first quarter of 2027
Ominimo insurtech startup has acquired an insurance partner and would significantly expand its domestic activities in the future. Ominimo is expected to relaunch in cooperation with a new, global insurer in the first quarter of 2027, subject to obtaining the necessary supervisory permits. The existing client base will be continued by its current partner, Signal Iduna.
KAZAKHSTAN: Insurance sector assets rise by nearly 22% from January to September
Between January and September 2026, the assets of Kazakhstan’s insurance sector increased by 21.7% to KZT 4.8 trillion (~EUR 9.62 billion), driven primarily by a rise in investments in securities.
KAZAKHSTAN: Moody’s assigns Ba1 rating to BCC Life with a stable outlook
Moody’s Ratings has assigned an Insurance Financial Strength (IFS) rating of Ba1 to BCC Life, in both local and foreign currencies. The outlook for the ratings is stable, the company said on its website.
Lloyd’s announces changes to its operating model to reduce complexity and cost of doing business
Lloyd’s has announced changes to its operating model designed to reduce complexity and the cost of doing business in its market while preserving its world-leading standards of oversight. This delivers on the strategic commitment made in March to make Lloyd’s a more efficient and flexible marketplace.
MetLife delivers highest quarterly adjusted earnings per share in its history in the third quarter
Premiums, fees and other revenues of MetLife in the third quarter reach USD 14.1 billion, up 12% compared with the prior-year quarter. Adjusted premiums, fees and other revenues, excluding PRT, were USD 13.5 billion, up 8%.
Swiss Re reports a net income of USD 4.2 billion for the first nine months
Swiss Re has reported a net income of USD 1.3 billion for the third quarter of 2026, resulting in a net income of USD 4.2 billion and a return on equity (ROE) of 22.5% for the first nine months of the year.
TURKIYE: Fire insurance ranks first in claims for October flood disaster
The amount of damages incurred by the insurance sector related to the 14-15 October flood disaster in Turkiye has reached at least TRY 11.46 billion (USD 229.2 million) as of October 26, from 9,738 claims filed, according to data from the Insurance Association of Turkiye.
11 November 2026