For the first six months of 2016 the GWP of EIG registered 3.3% growth amounted to EUR 119.8 mm compared to EUR 116 mm for January-June 2015, according to preliminary data.
Euroins Bulgaria reported a decline in premiums in the first six months of over 14%, which is the result of accounted in May’2015 EUR 11.6 mm from active reinsurance. If you eliminate the above one-off effect of reinsurance, the direct insurance business of Euroins Bulgaria was increased by approximately 37% for the first six months of 2016.
Euroins Romania registered above 11% growth in premiums for the first six 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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