Minetta Insurance managed to realise a significant increase of more than 30% in the Solvency Capital Requirement (SCR) ratio, which came to 159.3% for 2020, exceeding by far the medium-term target of 120% set for that year. A similar increase (32.3%) was achieved in the technical result. The company retained its productive momentum during 2020, although initial planning was modified due to the pandemic.
Specifically, in 2020, the company managed to increase turnover in health and non-health insurance sectors and to retrain its portfolio in the auto sector. At the same time, it successfully responded to the unique working conditions of the market which were imposed as a result of the pandemic and continued to provide – even by working remotely – excellent and timely service to its policyholders and the network of its associates.
The stability demonstrated by Minetta Insurance over the years is confirmation of its solid business planning and the sound path it is following. At the same time, it is able to create the appropriate environment and continue to provide quality insurance products and high-level services with respect for all stakeholders.
