Since end-September 2022, the level of Euroins Romania solvency has topped 140%, the highest of recent years, due to improving results.
Kiril Boshov added that at group level, the objective is for all companies to have a solvency level of 160%. As regards Romania, he maintains Euroins Romania should reach this level at end-2023.
Over time, Euroins Romania has operated along a strategy that led to various problems, particularly in the RCA area. Kiril Boshov explained that two years ago a strategy correction was operated and the company shifted toward a new direction, namely the non-RCA area.
For next year, Euroins Romania has already planned investments in digitalization, but also team expansion, meaning a budget of around EUR4 million.
As regards a possible expansion through acquisitions on the Romanian market, EIG CEO explained the strategy is for the time being oriented toward improving Euroins Romania, a further diversification of its portfolio, as there is still potential in this sense.
(English version by Catalina Apostoiu)