Market Leader with Potential for Further Penetration
Genikes
Insurance
Clear and Consistent Strategy with Increased Ambition
Ambition
ר
To be achieved by....
Further penetrate the non-life insurance
market in Cyprus
Grow the bancassurance potential to leverage
on Bank's strong market share
Continue promoting and enhancing the digital
sales offering through the Bank's mobile app
2025 Targets
>8% CAGR
Enhancing
Increase market share
underwriting quality, claims
Total Premium
management and automation
•
Optimise synergies with life insurance.
Income
(2022-2025)
Continue successful distribution
model to accelerate new business
•
Pursuing profitable segments and products
•
Simplify procedures to enhance efficiency and
service quality
Embed digital transformation to
enhance customer experience and
efficiency
•
Transform into a customer centric business
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