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Geographical Distribution
of the Gross Earned Premiums (M EUR) |
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| Benelux |
65,9 |
29,8% |
65.1 |
29.9% |
| Northern
Europe |
21,6 |
9,7% |
16.6 |
7.6% |
| Central
Europe |
13,4 |
6,0% |
11.5 |
5.3% |
| Southern
Europe |
119,5 |
53,9% |
123.5 |
56.8% |
| Rest
of the world |
1,3 |
0,6% |
0.8 |
0.4% |
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The drop in premium income in Southern Europe mainly originates from the cancellation of proportional business as a result of the logical application of cycle management. The combination of further decreasing insurance rates on the one hand and stable or increasing commissions on the other has resulted in these treaties becoming unprofitable. In the other regions the premium income remains stable or even increases somewhat.
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