EIG reported gross written premiums amounted to EUR 23.8 mm for November 2016

December 16, 2016

The insurance holding EIG registered a 31.5% growth in premiums (GWP) for November amounted to EUR 23.8 mm compared to EUR 18.1 mm for the same month of 2015.

For the first eleven months of 2016 the GWP of EIG registered 14.5% growth amounted to EUR 236.6 mm compared to EUR 206.6 mm for January-November 2015, according to preliminary data.

Euroins Bulgaria reported a decline in premiums in the first eleven months by above 8.2%, which is the result of accounted in May’2015 EUR11.6 million from active reinsurance. If you eliminate the above one-off effect of reinsurance, the direct insurance business of Euroins Bulgaria was increased by 17.3% for the first eleven months of 2016.

Euroins Romania registered above 22.1% growth in premiums for the first eleven months. Currently, the company focuses on quality and diversification of its insurance portfolio through detailed market segmentation, which significantly reduces the levels of risk taken. For the current year the goal of management is to keep the market position and to improve significantly the financial result.

For the period August-November the GWP of Euroins Ukraine amounted to EUR 2.9 million, mainly accumulated from Property insurance.  Euroins (HDI) Ukraine is a part of the group of Euroins Insurance Group (EIG), after Germany-based Talanx Group transferred the 99% of shares of the Ukrainian company to EIG on 12th of August. Effectively from 30th of September, 2016, the name of the company was changed to Euroins Ukraine.

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