SiCRED continues its growth in the Life Insurance Market during 2016
SiCRED continues to maintain a growth trend in the market, despite the overall situation of the Life insurance market. During 2016, this market has decreased the volume of Gross Written Premiums, compared to 2015. The market had 4.82% less written premiums than a year ago, at the end of 2016. At the same time, Gross Paid Claims decreased by –3.22%.
In this picture of the market statistics, SiCRED sh.a. closed 2016 with 277 million ALL Gross Written Premiums or 4.38% more than 2015. Gross Paid Claims were around 53 million ALL, with an increase of 2.31% compared with a year ago. In 2016, SiCRED sh.a.reached about 28.35% of market share, from 25.85% it occupied in 2015.
For more information, click here for the Statistical Report of AFSA for the period January-December 2016.