Financial figures
Insurety generated a combined GWP of approximately EUR 126 million in 2023, across three continents, representing a year-on-year growth in combined GWP of 8%.
Regional and product diversification, together with sustainable revenue and strong positioning in our local markets creates resilience that protects the future of our people, and also ensures that we will have the financial strength to support our clients and beneficiaries in times of difficulty.
We play an important role in assisting clients in the Construction, Infrastructure, Engineering and Energy sectors across the regions we operate in.
We are committed to the industry and our beneficiaries and have the capacity to support that commitment – we paid in excess of EUR 66 million in claims (including IBNR and recoveries) during 2023 to support the industries in which we operate.
In 2023 our members provided cover for projects amounting to approximately EUR 13 billion across three continents.
We are experts in understanding insurance risk in construction and related industries, but also have niched specialists for other product portfolios within the different markets where our alliance members operate.
In South Africa we have a strong position in the Trade Credit market, covering EUR 3,9 billion in exposure for our clients.
Our long-term partnerships with our reinsurers allows us to play an equally important role in working with other industries such as Mining, Travel, Customs, Fuel, Logistics, Construction Warranty Insurance, Housing and Rental.
