Solvency & Financial Condition Reports

A Solvency & Financial Condition Report is compiled annually by Coverys International Insurance Company DAC and is publicly disclosed in accordance with the Solvency II regulatory regime for EU insurance companies. Solvency II aims to unify the European insurance market and enhance consumers’ protection by primarily addressing the amount of capital that companies must hold to reduce their insolvency risk.

This report covers the business and performance of the Company, its system of governance, risk profile, valuation for solvency purposes and capital management. The Company’s board of directors has the ultimate responsibility for all these matters, supported by governance and control functions in place.