For the first seven months of 2016 the GWP of EIG registered 4.3% growth amounted to EUR 140 mm compared to EUR 134.1 mm for January-July 2015, according to preliminary data.
Euroins Bulgaria reported a decline in premiums in the first seven months of over 15%, which is the result of accounted in May’2015 EUR 11.6 million from active reinsurance. If you eliminate the above one-off effect of reinsurance, the direct insurance business of Euroins Bulgaria was increased by above 23% for the first seven months of 2016.
Euroins Romania registered above 13% growth in premiums for the first seven 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.
HDI Ukraine is already part of the group of EIG, after Germany-based Talanx Group transferred the 99% of shares of the Ukrainian company to EIG on 12th of August. Ukraine's financial regulator approved the deal on 29th of July, 2016.
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