Interamerican to end the year with 24m-euro business

Interamerican, the insurance company controlled by Dutch group Eureko, expects to end this year with business worth 23-24 million euros, said Frans van der Ent, CEO of the insurer. This would correspond to a 15% rise in gross underwritten premiums against the 20.8 million euros posted in 2007. “Over the next few years, we expect to see significant increases on the life insurance and health insurance segments,” says van der Ent. According to him, Interamerican is the largest player on the health insurance market, where it currently has 10,000 clients, while the entire market is put at 30,000 clients. In terms of financial results, the head of Interamerican says the company will end this year with losses, too. “One needs volume sales in order to become profitable, these are not losses prompted by any business line in particular,” he explains.