On the other hand, premiums in the motor sector were stable compared to the previous year; the growth in the main areas of operation was offset by the drop in markets most affected by the current macro-economic situation, and in Italy and France in particular.

A geographical focus follows regarding the main indicators mentioned above:

The non-motor line is also slightly down (-0.7%), while the accident and health line is substantially in line with the previous year (-0.5%), with a positive contribution from the retail area (+1.7%); the SME sector is stable (+0.2%), while the corporate business has dropped by -4.2%. The integration of the networks will allow improved growth rates to be achieved in this sector.


More specifically, the market dynamics for the motor line led to further strengthening of the existing portfolio, thanks also to the solid performance of the DVAG distribution network.

All countries showed growth in the premiums apart from Slovenia where the premiums were stable. There was signifi cant growth in Poland (Proama), Slovakia, Romania and Serbia.
The gross written premiums in the EMEA regional structure, amounting to € 4,410 million, increased by 1.8% compared to 31 December 2014.
The gross written premiums in Spain were signifi cantly up, amounting to € 1,358 million, thanks to the positive performance in both segments. More specifi cally, the motor line grew by 14.2% due to the measures introduced in the second half of 2014, as credit scoring instruments and customer segmentation instruments.
Austria was slightly up in terms of income, where the gross written premiums increased from € 1,426 million at 31 December 2014 to € 1,431 million (+0.4%). The non-motor line (+0.9%) increased thanks to the growth of all business lines which benefi ted from tariff adjustments, as did the motor line (+0.9%).
Gross written premiums in Switzerland fell (-1.1% on a like-for-like basis), amounting to € 759 million (€ 675 million at 31 December 2014). The negative performance was due to the motor lines (-5.5%), affected by a reduction in the portfolio retention rates. On the other hand, non-motor lines increased (+2.6%), mainly due to progress in the accident and health line (+5.6%) thanks to the income protection products and the agreement of certain signifi cant contracts.

This performance refl ected the differing trends in Argentina and Brazil; premiums grew by 36% in Argentina, refl ecting the performance recorded in the motor line. As described above in the life section, the growth in income should be viewed in the context of the infl ationary situation in the country.
The drop in Brazil (-44.7%) is due to the restructuring actions taken after the results of the previous year. This drop involved both the motor and non-motor lines, where most of the business is represented by the corporate business.
Gross written premiums in Asia amounted to € 128 million, increasing from the previous year (+22.5 % on a like-for-like basis), thanks in particular to the business accepted by the Hong Kong branch in the Accident and Health area.

The gross written premiums of International Operations amounted to € 1,106 million, down from the fi gure at 31 December 2014 (3,9 % on a like-for-like basis). Specifi cally, the trend is attributable to the foreign activity of the parent company, partially offset by the drop in income related to the care services.