Interamerican Insurance posts 21% rise in gross written premiums

In H1 2008, Interamerican Insurance Company SA collected 44.286 million lei in gross written premiums, up 21% from the same period of 2007, the company informs.
With a surge of 43%, the health insurance segment witnessed the most aggressive rise of all of Interamerican’s business lines, higher than the market’s average growth on this segment.
Interamerican Insurance holds the leading position in the health insurance market with gross written premiums worth 5.167 million lei.
Gross written premiums on the life insurance segment stood at 18.411 million lei, a figure by 12% higher than in the similar period of 2007. Investment-linked life insurance policies increased some 16%.
In the period of reference, gross written premiums on the all-risk insurance segment climbed 28% from 20.199 million lei H1, 2007 to 25.875 million lei in H1, 2008.
“The company’s provisional financial results confirm the strategy of Eureko Group to continue corporate investments on markets with an immense development potential, like Interamerican Group in Romania. We will further speed up the development of health and life insurance segments to consolidate our market positions in these business lines,” said Frans van der Ent, CEO with Interamerican Insurance Company SA and member in the Interamerican Pensions Board.
Dutch financial group Eureko B.V., majority shareholder with Interamerican Romania Group (insurance and pensions), has recently announced that its financial outcomes in H1 2008 were satisfactory, especially in the context of the turmoil challenging the global financial market.
Gross written premiums on all insurance classes increased 26%, reaching 10.8 bln euros in H1 2008 from the same period of 2007, with the health insurance segment contributing the heaviest to this amount.
Eureko’s gross written premiums on the health insurance market advanced from 4.382 bln euros in the first half of 2007 to 6.459 bln euros in the first half of 2008.
Following the merger with Agis at the end of 2007, Eureko has grown into the leader of the Netherlands health insurance business, with a market share of 28% at mid-2008.

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