[ad_1]
Photo: Karina Miezāja
Gross written premiums issued by the BTA Baltic Insurance Company (BTA) in the Baltic States increased by 30.8% in the first nine months of this year, while net before tax amounted to 7.3 million euros, revealed the portal "LA.lv" in the company.
The fastest growth is still observed in the insurance market in Latvia – gross premiums written by BTA in the first nine months were 43.7% higher than in the nine months of 2017. BTA in Latvia, compared with at the same period in 2017, saw its profits increase by 2.9 million euros.
In the last nine months of this year, gross written premiums written by BTA in Latvia amounted to 59.1 million EUR, which represents an increase of 18 million EUR over 2017 .
The increase in volume of gross written premiums subscribed by BTA + 43.7% is observed in Latvia. BTA thus continues to maintain a stable position as the largest insurer in the Baltic market, where the total volume of gross written premiums amounted to € 156.6 million (+ 30.8%). )
In Lithuania, gross premiums written by BTA increased by 24.2%, while in Estonia they increased by 23.6%.
The profit of BTA during the nine months of this year, compared to the same period last year, increased by 1.4 million euros. BTA in Latvia made a profit of 2.9 million euros, while in Lithuania, its profit amounted to 7 million euros during the same period.
Although BTA's financial indicators in Latvia and Lithuania are marked with a more positive sign, Estonia recorded a loss of 2.6 million euros in the last nine months of this year, which explains by several significant costs in the fields of property insurance and car insurance.
Latvia has the highest gross premiums for health insurance in Latvia – 18.5 million euros (+ 61.3%), insurance KASKO – 12.4 million euros (+ 37.4%) %) and compulsory motor vehicle liability insurance (OCTA) 12, 1 million euros (+ 67.2%).
In the first nine months of this year, BTA settled 43.3 million euros in insurance receivables in Latvia, an increase of 91.3% over the corresponding period of 2017.
In compensation, BTA paid the most for cases of insurance OCTA – 12.8 million euros (+ 134.6%), health insurance for 10.9 million euros (+ 56.4%) and CASCO insurance for 9.1 million euros (+ 50.1%). )
The amount of insurance claims paid in the form of surety insurance has increased rapidly. In the last nine months, 3.7 million euros were paid for insurance claims, largely due to the claim for unpaid tax debts received in respect of insurance claims. 'State.
In Lithuania, in the last nine months of this year, BTA paid € 34.7 million (+ 24.3%), compared to € 10.7 million in Estonia (+ 21.6%).
Wolfgang Stokmayer, board member of the BTA, said that in the last nine months of this year gross written premiums subscribed by BTA in Latvia amounted to 59.1 million. 39 euros, an increase of 43.7% compared to the same period last year.
With these results, BTA is one of the most dynamic players in the insurance market in the Baltic countries.
"We achieved a major breakthrough in the Baltic insurance market with a profit of 7.3 million euros, which is explained by the efficiency of the internal processes of the Baltic insurance market. Company and the implementation of digitization projects. Thinking about the convenience of our customers, we are making improvements to the BTA customer portal. "
BTA's financial data not only reflects excellent results, but also the current trends in the insurance industry, says Stokmayer.
He adds that the rapid growth of the health insurance sector suggests that more and more businesses are becoming more responsible and are thinking about the well-being and health of their employees. Overall, voluntary insurance increased by 98 million euros.
Insurance The joint stock company "BTA Baltic Insurance Company" is one of the leading insurance companies in the Baltic countries. It offers the widest range of non-life insurance services in Latvia, Lithuania and Estonia.
BTA employs more than 1,000 people in the Baltic countries. Vienna Insurance Group AG, the largest shareholder of BTA, has 200 years of experience in the insurance sector. This group comprises more than 50 insurance companies in 25 countries and employs more than 25,000 people.
Vienna Insurance Group AG is a leading representative market in Europe with a high degree of financial strength – Standard & Poor's A + (stable outlook), whose shares are listed on the Vienna-Prague Stock Exchange
[ad_2]
Source link
