JS Parex Insurance

Companies market share
The volume of Parex Insurance Company’s gross written premiums, including the gross written premiums of the subsidiary Baltic Polis, in 2003 was 13.9 million lats. Such indicators as Return on Equity and Cost Ratio are among of the best in the branch.The year 2003 Parex Insurance Company finished with a profit of 0.946 million lats. The sum of the profit over the last five years runs to 5.8 million lats for the insurance operations with gross written premiums exceeding 48 million lats.

Goal
To remain stable company in the risk insurance market of Latvia, providing all kinds of insurance services and efficient consultations necessary for Parex Insurance customers, and ensure reinsurance of risks. The mentioned can be achieved by developing and maintaining the sales of compulsory kinds of insurance, at the same time working on improvement and promoting sales of voluntary kinds; increasing the total amount of gross premiums; carrying out effective risks assessment; balancing the insurance portfolio; establishing special offers.
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