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Videos

EULER HERMES SUCCESS IN THE GCC

Published by Uma Rajagopal

Posted on June 25, 2014

1 min read

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Banking insurance Digital banking

Global Banking & Finance Review interview Massimo Falcioni, CEO of Euler Hermes GCC who provides us with insight into the success Euler Hermes GCC has experienced the last two years.

Find out more about Euler Hermes

Key Takeaways

Euler Hermes GCC grew premium portfolio by ~40% in one year under Falcioni’s leadership.
They captured nearly 49% market share in GCC credit insurance markets.
Combined ratio remained below 70%, demonstrating strong underwriting discipline.
Retention rates improved from 90% to about 93%.
Operations span UAE, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain with reinsurance model.

Frequently Asked Questions

Who is Massimo Falcioni?

He is the CEO of Euler Hermes GCC, overseeing operations across the Gulf region since approximately 2012.

What growth has Euler Hermes GCC achieved?

It increased its premium portfolio by around 40% in a year, capturing about 49% of the regional market share.

How profitable is Euler Hermes GCC?

They maintained a combined ratio below 70%, indicating sustainable profitability with disciplined risk management.

What are their client retention rates?

Retention rates improved from over 90% to approximately 93%, showing strong client loyalty.

Which GCC countries does Euler Hermes operate in?

They operate across the UAE, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain via reinsurance partnerships.

EULER HERMES SUCCESS IN THE GCC

Key Takeaways

Frequently Asked Questions

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