Published On: Mon, Mar 31st, 2014

Operating results in 2013 underline solvency of Inter-Assure Insurances

InsuranceWILLEMSTAD - Based on the annual results for 2013, intended for their own shareholders and the regulator Central Bank of Curaçao and St. Maarten (CBCS), insurer Inter-Assure Insurances is able to underline how financially sound the company actually remained. Staff and personnel can look back with satisfaction on a profitable result over last year.

Director/owner Justus van der Lubbe publishes today (Monday) the operating results of 2013 through advertisements in various newspapers on Curaçao and St. Maarten. In-house Accountant BDO first reviewed this data and then issued an audit certificate of approval. This year Inter-Assure is the first non-life insurance company that publishes its figures for 2013. Insurers have permission of CBCS till June 30 to provide these figures.

On behalf of the insured and the company, headquartered in Curaçao, management pursues again to achieve a good balance between increase in premium income, healthy margins and customer retention. "Our strategy is to continue to be alert, creative and accessible. Our policy is based on the motto that our industry is about people and our qualified staff is fully dedicated to the interests of our relations."

Positive economic development
The Inter-Assure director assumes that in 2014 the economic pressure on policyholders will be a little less. As to the turbulent economic year 2013, the company is grateful to its customers for their loyalty and to the staff for their dedication and motivation. Inter-Assure has effectively hedged with sufficient reserves to accommodate any claims. "Last year an actuary was asked for a formal confirmation that we were doing right in that respect. After a thorough analysis, Couperus Actuarial Advisory Group provided the company with a certification," according to Mr. Van der Lubbe. "In addition to a solvency level of 106 %, we will continue working on expansion of a healthy and sustainable portfolio."

The insurer posted a profit before tax for 2013 of 178,030 guilders and improved its capital position. The management is confident that in the new year they will strengthen the financial soundness of the business further, so it is logical to conclude that "the future of Inter-Assure shareholders and looks stunning."

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