10 years of CiV Life
CiV Life has a workforce of 105 employees and it has established a close partnership with Citibank. The insurer sells its policies in the areas of life, accident and credit insurance through the bank’s advisors. The company has provided insurance for 360,000 customers during the ten years it has been operating – and has proved successful: Since the company’s establishment, gross premiums have enjoyed double-digit growth. Gross written premiums stood at EUR 135 million as at the end of 2016, while the operating profit (EBIT) has reached EUR 8 million. The company’s contribution to Group net income was EUR 6 million in 2016.
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