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EIG reported gross written premiums for April, 2016 amounted to EUR 22 mm

May 16, 2016

The insurance holding EIG registered a 40.1% growth of premiums (GWP) for April amounted to EUR 22 mm compared to EUR 15.7 mm for the same month of 2015.

For the first four months of 2016 the GWP of EIG registered 16.8% growth amounted to EUR 82.1 mm compared to EUR 70.3 mm for January-April 2015, according to preliminary data.

Euroins Bulgaria reported a significant growth in premiums by above 42% for the first four months due to both the acquisition of HDI Bulgaria as well as the increased sales of insurance products under the Directive on freedom to provide services in the EU.

Euroins Romania registered 12.2% growth in premiums for the first four months. As a result of the rapid pace of development in recent years, Euroins Romania is now the third company by market share on the Romanian insurance market. 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.

 

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