BICOR’s 2012 balance sheet

The Burundian insurer has reported a 5.5% growth of written premiums at 4 412 million BIF (2 879 700 USD) in 2012. The technical result increased by 23.4% over one year at 1 659 million BIF (1 083 162 USD), while net profit rose nearly by 10% at 382 million BIF (249 660 USD).
Motor insurance which accounts for 37% of the portfolio, totaled 1 641 million BIF (1 071 369 USD) of premiums, up by 12%. The most significant growth has been reported in the accident class.