Investor Presentaiton
Group Financial Results for the nine months ended 30 September 2020
2 Revenue Growth: Profitable Insurance business with further opportunities
to grow
General
KOINO
KYMPι W
S WHI
Insurance
of Cyprus
Key operational shifts and growth targets
Opportunities for further market penetration
Market share¹:
(GWP2)
55%
~18%
14%
13%
9%
9%
•
Focus on high margin products (property and fire) and profitable
part of motor segment
Peer 1
GIC
Peer 2
Peer 3
Other 21
companies
Medium-
term
target
•
Revamp bancassurance channel
•
Optimise synergies with life insurance and its sales network
•
Enhance digital sales
11%
1)
2)
As at 31 December 2019
Gross Written Premium
Bank of Cyprus Holdings
contribution
to non
interest
income
Sustainable healthy
profitability
>
PBT
€ mn
8
6
☐
aiming to further grow capturing
fair share based on bank base
GWP growth
€ mn
10
47
49
50
50
>50%
9M2018 9M2019 9M2020
FY2017
FY2018 FY2019 Medium-
term
target
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