Among the BTA's main business lines, the most impressive growth rates were achieved in Motor Hull (+ 21.5%) and property insurance (+18.8%). The GTPL insurance ( +12.7 %), MTPL insurance ( +12.4 %) and travel insurance ( +11.5 %) also witnessed significant increases in premiums written. "We are pleased to see such high growth rates on the voluntary insurance lines," said LUCAUS. "This shows that people are increasingly valuing the importance of insurance. Accident insurance was purchased not only by legal entities in addition to employees benefits programs, but also by individuals, thus providing to compensate, even partially, the relatively expensive treatment costs that may arise in cases of injury and potential loss of income during the sick time. Last year natural disasters - storms hail - caused substantial damages to both immovable and movable properties. It is true that such events make people think more and more about the necessity of purchasing insurance policies, thus protecting themselves from unexpected expenses," added LUCAUS.
On the paid claims side, the largest increase in insurance claims was recorded for the health insurance (+40.5%), accident insurance (30.5%) and travel insurance (26%) lines. According to the NTA representatives, indemnities paid for cost of the health insurance increased mostly as a consequence of the unavailability of state-funded services, which determined more and more people to take charge of specialist's services.
Gross claims paid also increased on the motor insurance segment (CASCO +18.3 %, MTPL +14 %). Admittedly, 2013 maintained all year long a growing trend for road accidents, with an increasing share of heavy road traffic accidents leading to a gradually higher level of vehicle insurance compensation.
In the BTA's insurance portfolio for 2013, MTPL insurance held the largest share (48.8%), followed by Motor Hull (17.1%) and property insurance (14%).
Continuing its strategic expansion towards the EU countries, BTA registered a branch office in France in 2013, the fifth in Europe. In January 2014, BTA opened a branch office in Poland. Currently BTA owns subsidiaries in Lithuania, Estonia, Germany, UK, France and Poland, and offers services in Italy and Spain on a free cross-border services basis.