For the first ten months of 2016 the GWP of EUROINS INSURANCE GROUP registered 12.9% growth amounted to EUR 212.8 mm compared to EUR 188.5 mm for January-October 2015, according to preliminary data.
Euroins Bulgaria reported a decline in premiums in the first ten months by above 11.2%, 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 15.8% for the first ten months of 2016.
Euroins Romania registered above 21.3% growth in premiums for the first ten 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 October the GWP of Euroins Ukraine amounted to EUR 1.9 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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