16.2% increase of Gross Written Premiums in the first two months of 2020
The gross written premiums of European Reliance General Insurance Co. S.A. present a significant increase in the first two months of 2020.
More specifically, the Net Written Premiums plus Policy Fees ammounted to € 35.8 mil., presenting strong 16.2% increase comparing to the first two months of 2019.
The Company presents a significant increase in Gross Written Premiums (Net Written Premiums plus Policy Fees) in all sectors of activity. The increase is analyzed as follows:
- 31.3% increase in Life Sector at € 13.1 mil., versus € 10.0 mil. in the first two months of 2019.
- 11.3% increase in the Motor Sector (Third Party and Land Vehicles) at € 16.3 mil., versus € 14.7 mil. in the first two months of 2019.
- 3.6% increase in Other Non-Life sector at € 6.4 mil., versus € 6.2 mil. in the first two months of 2019.
European Reliance over the past years has managed to play a significant role in the Insurance Market proving its financial strength. The Company has doubled its market share over the past 10 years, that now stands at 5.1%.