With the publication of the Financial Supervision Commission’s balance sheet review, which confirmed compliance of Euroins Insurance Group AD (EIG) and all of its subsidiaries, the group now considers its capitalizing plan to be finalized.

The group includes subsidiaries Euroins Insurance, Euroins Life Insurance, Euroins Health Assurance and EIG RE, which was formerly known as HDI Zastrahovane. International auditing firm Mazars Group carried out the balance sheet reviews for all of the companies, which found that they are in compliance with capital requirements, as well as solvency capital requirement ratios and medical care ratios.

The balance sheet review report shows that the group is in line with its goal to capitalize its subsidiaries, which will see EIG merge Euroins Health Assurance with EIG RE. In capitalizing its businesses, EIG hopes to promote business development and ensure capital buffers and regulatory compliance.

"With the measures we took in 2016 we fully complied with the requirements of Solvency II regime and we provided a solid foundation for a healthy and sustainable growth of our business in Southeast Europe,” EIG CEO Kiril Boshov said. “This year we will place our main focus on strengthening and expanding our market position."