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.

Allianz-Țiriac Asigurări, the Romanian subsidiary of the German Allianz Group,received the necessary approvals from the Financial Supervisory Authority (ASF) for the transfer of its portfolio to Allianz-Țiriac Unit (formerly Gothaer Asigurări Reasigurări) in the context of the merger through absorption.

Insurance Europe has responded to the European Banking Authority’s (EBA) consultation on proposed Regulatory Technical Standards (RTS) aimed at strengthening the EU’s anti-money laundering (AML) framework.

More than 4,200 insurance claims were filed by individuals and businesses with UNSAR (The National Association of Insurance and Reinsurance Companies in Romania) member insurers in the first five months of 2025, all linked to damage caused by severe storms and floods.

The Ukrainian insurance market grew by 32.87% to UAH 15.40 billion (EUR 344.33 million) in 1Q2025, including UAH 1.40 billion collected in life insurance and UAH 14.00 billion in non-life insurance, according to data published by the National Bank (NBU).

In 1Q2025, the insurance market in Belarus amounted to BYN 710.46 million (EUR 211.50 million), which in local currency is 12.13% more y-o-y, according to data published by the Ministry of Finance of the Republic of Belarus.

Aon, a leading global professional services firm, said Dan Hartung has been named global head of event response for Risk Capital, effective immediately.

Aon, a leading global professional services firm, has appointed Andy Marcell to serve as CEO of Global Solutions.

One of the leading energy and financial groups in Southeast Europe - Eurohold Bulgaria AD, said it increased its revenues for 1Q2025 by nearly 34% y-o-y to almost BGN 1 billion, according to the holding's consolidated financial report for the period.

In 1Q2025, total insurance income (the difference between premiums and expenses) reached GEL 76 million from GEL 69 million a year earlier.

The International Monetary Fund has published a statement following its mission to Kazakhstan, which notes continued high growth rate of the Kazakh economy, which is largely supported by large-scale investments in infrastructure, digitalization, agro-industrial complex and logistics. This generally creates a positive background for financial markets and institutions, including insurance companies, Allinsurance.kz writes.

In 2024, the insurance market of the Kyrgyz Republic recorded dynamic development - the assets of insurance organizations amounted to KGS 12.7 billion (~EUR 0.14 billion), which is 85.9% more than in 2023.

A third of Latvian residents (33%) do not own a personal vehicle, while of those who do, almost half (47%) choose to purchase Motor Hull insurance. However, 53% of vehicle owners still do not buy this product according to a survey conducted by the Latvian Insurers Association (LAA).

Lloyd’s, the world’s leading insurance and reinsurance market for global risk, announced its updated Executive Team, with the following appointments effective immediately:

The state has officially become a shareholder of Moldasig. The Public Property Agency (APP) acquired 480,000 shares of the company in a single transaction for MDL 137,520,000 (equivalent to USD 7,982,400), bizlaw.md reports.

From January to April this year total GWP of insurance companies operating in Montenegro rose to almost EUR 50 million from 46 EUR million a year earlier, according to the country’s Insurance Supervision Agency, ANO, SeeNews reports.

For four years, the number of damages caused on European roads by drivers of vehicles with Polish license plates has been systematically growing. In 2024, such drivers were responsible for 70.8 thousand accidents, which is 2.7% more y-o-y.

Polish insurance broker Unilink S.A., part of US-based financial technology and insurance group Acrisure, has acquired Slovenian Priori Zavarovanje, strengthening Unilink Group's position as leader on the insurance distribution market in CEE, SeeNews writes.

On June 2, 2025, PZU SA and Bank Pekao SA signed a memorandum of understanding on cooperation, which is ultimately to lead to the reorganization and increase in the efficiency of the capital group.

The Slovak Insurance Association (SLASPO) presented an initiative in which insurance companies-members of the association adopted a Memorandum on Sustainable Business and its Development, SLASPO said.