On May 2nd,2019 STAR Assurances held its ordinary general meeting during which the chairman of the board of directors presented the results 2018 [4] and made an outline of the group’s future policy.
With a 17% market share, STAR the number one insurer, intends to slow down its growth in motor insurance to 3-4% per year, compared to a current average of 10%. Despite increasing written premiums by 6.5% in 2018, the incurred losses rose by 47.5%.
In order to offset this loss of income, STAR is keen on making further investments in life and health insurance targeting both individuals and companies.