However, Baloise is confident that the exceptionally strong quality of its portfolio will enable it to achieve a solid combined ratio for 2021 in its target range of between 90 and 95 per cent. The volume of claims incurred as a result is the biggest in Baloise's history and the Company was able to help thousands of customers in its core markets in this challenging situation. Net expenses of around CHF 120 million were incurred in the wake of the storm and flood damage this summer. There was also a positive contribution from the acquisition of the Athora portfolio, which was fully included in the figures for the reporting period. All business units contributed to this encouraging result. Thanks to both organic growth and growth by acquisition, the volume of premiums in the non-life business rose by 6.8 per cent to CHF 3,370.7 million in the first nine months of 2021 (Q1-Q3 2020: CHF 3,157.2 million). The newly launched website provides a detailed breakdown of Baloise's innovation approach, reveals what the Company has achieved on the innovation front since 2017 and explains what its goals are for the period up to 2025.īiggest volume of claims in Baloise's history, but strong combined ratio expected thanks to operational excellence
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