Transcription of FINANCIAL STATEMENTS - MIC Insurance
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FINANCIAL STATEMENTS - MIC Insurance
Chairman s letter p g. 5 | 02. Management report 2017 p g. 7 | 03. Annual accounts 2017 p g. 13 |04. Notes to the FINANCIAL STATEMENTS p g. 17 | 05. Audit report 2017 p g. 27 | S LETTERS eville Cathedral, Seville (Spain).01. CHAIRMAN S LETTERNo doubt, 2017 has been an exciting year for MIC Insurance - Millennium, undoubtedly, an inflexion period in our Company s history. After a few years of unstoppable growth, the Company aims had to be focused on the reinforcement of the regulatory, procedural and risk management structure. This has been the year of revision, adjustments, and the encouragement of reinforce our management continuous and permanent adaptation of these last years to the formal requirements, reinforced by the work of the actuarial department, has meant a logical and necessary evolution in MIC Insurance fulfilling the requirements of Solvency II in all its parameters.
insurance classes: n Accident n Sickness n Goods in transit n Fire and natural forces n Damage to property n General liability n Credit n Suretyship n Miscellaneous financial loss n Legal expenses The principal activity of the Company is that of a direct insurance underwriter, offering its products for sale in the European Union. Review of the ...
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