Euroins Group AD (EIG), a leading independent group in Southeast Europe, significantly increased its result for the past financial year based on the company's consolidated and audited figures for 2016 and expects even more positive results in 2017.
The gross written premiums (GWP) of the Group rose by 16.5% in 2016 to BGN 527.7 million, the highest value ever, mainly due to the growth generated by Euroins Romania, the largest company within the group, accounting for over 73% of the total premium income. The premium volume of EIG's Romanian subsidiary grew by 21.8% on the year at a period when the Romanian market rose to a post-crisis high, reaching its highest value since 2008. The newly written business of EIG in Ukraine (EIG acquired HDI Strahuvannye in July 2016) contributed to the total growth, too.