Life insurance increases – SICRED, positive performance in 2019. 12 products for citizens
The life and health insurance company, SICRED, has left behind a positive year in terms of its activity where gross written premiums amounted to ALL 289 million and claims paid to ALL 47 million. Referring to the official data made public in the annual report 2019 of SICRED sh.a., the past year has been mainly positive for long-term life insurance products with savings elements, where Life Insurance with Survival, a life insurance product with Many Guaranteed for life and survival, marked an increase of 50%.
During 2019, SICRED Company had 12 products licensed by the Financial Supervision Authority, where the largest share of gross written premiums by main products is occupied by life insurance for loans with about 46.11 percent, followed by Life Insurance and health (Cash plan) with about 20 percent of the total, as well as life insurance and group accidents has occupied a significant share with about 17.56 percent.
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