For the third year, Axiom shows a significant improvement in all key indicators set for 2024, thanks to its excellent sales performance in Financial, Property, Liability, Casualty and Health products.
The company continues to be one of the most dynamically growing in the market and consolidates its position by delivering strong financial results, offering innovative insurance solutions, high quality services and a responsible attitude towards its customers.
According to the final data released by the FSC, the company's gross premium income achieved a year-on-year growth of 120.5% in 2024, outperforming the market growth. The company's Gross Written Premiums at the end of last year amounted to nearly BGN 15.2 million and its market share reached 0.4%. This compares to BGN 6.9 million and 0.2% respectively at the end of 2023.
The main share of the Gross Premiums is formed by Bonds Insurance - almost BGN 8.5 million and thus the company moves to the fifth position on the market in this business line by the end of 2024. The company reaffirms its high capital position with a Solvency Ratio of 127% by the end of 2024.
CEO Tsvetelina Mihaylova, commented, "The results achieved for 2024 once again confirm the success of our strategy to diversify our insurance portfolio and profitably grow the business by increasing the share of Bonds, Health, Property, Liability and Casualty in the company's sales, following a prudent underwriting policy. The Axiom Insurance team will continue to work in this direction, ensuring stability, efficiency and dedication to the interests of our customers by developing and offering high quality and innovative products and services."
