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
"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."
Bulgaria’s EIG passes balance sheet review
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