EIG reported gross written premiums amounted to EUR 23.9 mm for September 2016

October 17, 2016

For the first nine months of 2016 the GWP of EIG registered 9.4% growth amounted to EUR 185.6 mm compared to EUR 169.6 mm for January-September 2015, according to preliminary data.

Euroins Bulgaria reported a decline in premiums in the first nine months by above 14%, resulted from the accounted in May’2015 EUR 11.6 million from active reinsurance. If eliminated the above one-off effect of reinsurance, the direct insurance business of Euroins Bulgaria was increased by 15.9% for the first nine months of 2016.

Euroins Romania registered above 18.6% growth in premiums for the first nine 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.

HDI Ukraine is already part 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. For September Euroins’ Ukraine the GWP amounted to EUR 372 thousand. 

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