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The key driver behind Eureko’s long-term European strategy remains the recognition that a greater geographic and risk spread is in the interests of all stakeholders, not least because growth in these countries is greater than in the Netherlands.
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A major development took place in our international presence during 2009.
Our international component is comparatively small (7% or €1.4 billion of total Group gross written premiums).
In 2009, the greater share of results was generated in the Netherlands, specifically due to the cost-reduction programmes and the PZU settlement.
Acquired in 2007, Eureko Sigorta Turkey currently ranks seventh among the top 10 Non-life providers.
Eureko is currently active in various European health insurance markets, with operations in Greece, Slovakia, Romania, Russia and Turkey.
In the European life business market Eureko operates in Ireland, Greece, Romania, Slovakia, Bulgaria, Cyprus and France.
In August 2009, it was announced that Friends First Finance would cease operations.
Geographical segment reporting, including intergroup adjustments