The HORIZON 1964 Insurance Company S.A., a dynamic Greek company with a significant presence in the insurance sector since 1964, is among the most traditional and financially stable forces in the Greek insurance market. Our people, always available, with deep knowledge and experience of the current insurance needs, strive daily to offer to all, partners and customers, reliable, competitive and quality insurance solutions, perfectly tailored to each audience’s specific needs.
With modern insurance products
We always stand by you with integrity, reliability and a solid financial and developmental strategy to protect what you consider to be most important. We offer modern insurance products and solutions tailored to your needs to ensure a safer future, creating relationships of mutual trust and respect retaining a strong human focus.
High capital adequacy
Having as our main goal the creation of added value for our customers and partners, we offer flexible and comprehensive insurance solutions, with clear contract terms, fair pricing, fast and friendly service, speed in the compensation process, and the guarantee of an excellent cooperation with an insurance company that is among the healthiest firms in Greece.
Important Milestones of
HORIZON
1964
The HORIZON 1964 Insurance Company is founded, through the collaboration of the insurer Christos G. Achis, with his long-standing experience and a deep knowledge of the Greek insurance market, and the Industrial & Commercial Group of Izola, with the aim of covering major commercial and industrial risks.
1969
In 1969, HORIZON 1964 Insurance Company became one of the founding members of the Hellenic Ship and Aircraft Insurance Consortium, which aimed for the Greek insurance market to enter into the international marine insurance market. In collaboration with the other companies of this consortium, it insured a significant part of Greek-owned shipping industry, which until then was insured almost exclusively from London and New York based insurance firms, with significant benefits for both shipowners and the Greek state. A typical example was the insurance of the Onassis Group by this consortium.
1970
In 1970, the British Sun Alliance Insurance Group, one of the largest insurance companies in the world, became a shareholder of the company. Also, the middle of the decade marked the entry of HORIZON Insurance into the life insurance and group pension plans sectors for the personnel of industrial and commercial enterprises.
1981
In 1981, HORIZON Insurance found itself in the position of the general agent for Greece of certain global insurance organizations, representing the Sun Insurance Office, The London Assurance and the Japanese Taisho Marine and Fire Insurance Co L.T.D. Furthermore, as the exclusive insurance partner of Gerling Allgemeine for Greece, the company insures some of the largest German industrial investments in Greece (BASF A.G, Hoechst A.G, and Bayer A.G.).
1983
In 1983, Fidentia S.A. was founded, an associated company of HORIZON Insurance, which undertakes the general representation of the aforementioned foreign companies in Greece and as a result, the group now specializes in insuring some of the largest industrial and commercial complexes in the country, such as Hellenic Steel, Hellas Can, Motor oil Group, Sony Hellas, Viohalko Group, Alucanco, 3E Coca-Cola, Papastratos S.A., and Lowenbrau, among others.
1990
In the 90s, HORIZON Insurance was leading a successful path of continuous profitability. Alongside the continuous expansion of its operations in commercial and industrial risks, which had always been the core of its activities, the need for continuous improvement and innovation led the company to gradually expand its turnover in the insurance of small and medium risks, through various acquisition networks.
1997
HORIZON Insurance dynamically entered the Bancassurance sector through a strategic partnership with Chios Bank.
1999
True to its human-centered principles and values, HORIZON stands by the side of the clients affected by the devastating earthquake that hit the Attica region in 1999, conducting immediate recording and assessment of the related damages. As a result of the immediate and unobjectionable compensation, HORIZON Insurance managed to enter dynamically the small and medium risk sector market (Retail).
2002
On the threshold of the 21st century, HORIZON Insurance, maintaining a stable course, and with high capital adequacy and continuous profitability, invested in new insurance programs and through strategic partnerships expanded the range of its activities to insure new risks. A typical example was the further strengthening of the Bancassurance sector, which is now an integral part of the company's operations, through a strategic partnership with Piraeus Bank.
2010
At the dawn of the new decade, and while the global economic crisis was at its peak, mostly affecting financial institutions, HORIZON Insurance managed, once again, to remain unscathed, mainly due to its consistently prudent strategy. With a continuous upward trajectory, managed to successfully overcome the challenges that have plagued the industry and while maintaining high capital adequacy, it planed its future development in full compliance with the strict regulations provided with the relevant European Community directive for the regulation of the insurance industry, also known as SOLVENCY II.
The company included further development as part of its strategic planning, through intermediary networks, mainly in the region, focusing on selected partnerships, which aimed to create long-term relationships of trust and respect. At the same time, by redesigning the retail programs it offered and equipping its partners with the appropriate tools managed to dynamically enter further the local market.
HORIZON Insurance invested significantly in the computerization sector, both by purchasing new programs as well as by selecting competent people with deep knowledge of the insurance market, aiming on further modernization and harmonization within the demanding environment of Solvency II.
2017
In October 2017, the first administrative branch of HORIZON Insurance began its operations in the town of Larissa (central Greece), marking the beginning of a geographical expansion for the company's network within Greece. This specific action was part of HORIZON's strategic plan that aimed at strengthening its network of partners, the qualitative geographical dispersion of its operations in the Greek region and the provision of optimal services to the local community.
2019
HORIZON Insurance, since 1964, always committed to planning gradual and profitable growth, proceeded in a new strategic investment, by creating its new administrative branch in the area of Thessaloniki (2nd largest city in Greece after Athens). The company's goal, apart from its further development, was to provide immediate, excellent and comprehensive services to both its existing and new associates, in the wider north region of Greece.
2022
The new company HORIZON 1964 Non-Life Insurance Company is created, which was the natural continuation of the previous firm. Maintaining its basic principles of Ethos, Consistency, and Integrity, HORIZON invests foolheartedly in maintaining its image as the most reliable insurance company, always focusing to serve, at the best of its abilities, the interests of its customers and associates.
Our Philosophy
Mission
To offer reliable & customer-centric high-quality insurance solutions, perfectly aligned with the modern changing and continuous demanding environment.
Vision
To dynamically & responsibly contribute to the protection of the long-term well-being of individuals and entrepreneurs.
Goal
The further development of the company, in parallel with the evolution of our people, who are the cornerstone of our business and the pillars that provide comprehensive and innovative insurance solutions, with an added value, for our insurance clients and partners.
Principles & Values
Solvency & Reliability
Ethics
Flexibility
Innovation
Efficiency
Evolution
Empathy
Prudence
Customer-centric philosophy
Comparative Advantages
High capital adequacy
Advanced risk management expertise
Prudent investment policies
Strategic partnerships with Top-Rated reinsurers
Good corporate governance
High-level & Knowledgeable human resource
Our Strategy
HORIZON is based on the triptych: Reliability – Prudence – Expertise. The 4 Pillars of our development strategy are summarized as follows:
Creation of a Reliable Insurance Company
with high capital adequacy, which offers excellent services, possesses advanced expertise, and aims to continuously strengthen its net position, while having as its main goal the full satisfaction of the needs of the people who select to do business with it.
Outstanding Expertise
for the optimal management of commercial and industrial risks, which is the cornerstone in providing comprehensive and innovative insurance programs, at competitive costs, with the sole purpose of creating added value for the parties insured.
Continuous Investment in Human Resources
both in existing partners, and in attracting new professionals with high goals, ethics and ideals, who can actively participate in creating a strong team, while maintaining a healthy working environment that aspires trust and motivates clients and intermediaries to collaborate with us.
Continuous Strengthening of our Network
with selected partnerships of intermediaries and agents throughout Greece, and with the ultimate goal of creating long-term relationships of mutual trust and respect amongst all.
Why to choose HORIZON as your insurance partner
HORIZON Insurance strategically invests in strengthening its credibility, which constitutes our fundamental competitive advantage. By focusing on providing the best possible service to our customers, we design and implement a coherent and comprehensive program to ensure and strengthen the company's solvency, through the adoption of effective control and monitoring procedures, systematic investment in the creation of high-quality know-how and compliance with international standards in the vast fields of insurance services. Our key strengths include:
HORIZON 1964 Non-Life Insurance Company calculates and publishes its SCR and MCR solvency ratios every year. The ratios are validated by the company’s certified auditor, according to the basic scenario of the Regulatory Framework, Solvency II. The results of the calculated ratios are excellent for the company every year. For the year 2023, the company exceeded all of its capital requirements arising from the Solvency II framework. Specifically, the SCR Ratio managed, for another year, to stand at high levels, at 246.7%, while the MCR Ratio reached 543.6%.
An important advantage of HORIZON is its continuously successful risk management policy. At the level of operational risk management, with targeted interventions within the company’s internal procedures, combined as well with the adoption of modern assessment and control models, we ensure the necessary conditions of security and stability. At the same time, ny focusing on providing the best possible insurance solutions and services to safeguard the interests of our customers, we link the pricing of our insurance products in relation to the quality of the risk taken. After all, risk is an integral element of our activities and the minimization of uncertainty and hazardous conditions is the best recipe to control and manage risks involved and a key point of HORIZON’s policy is the field of operational risk management.
Ensuring proper adherence to the investment process, at all stages, is the cornerstone of HORIZON’s early warning policy. In this context, the effective rational decision-making system we implement plays an important role. HORIZON’s people monitor, supervise and evaluate, in a timely manner, all investments and risks involved, in order to protect our clients from potential threats.
HORIZON’s strong financial and development background, combined with its careful solvency policy, have contributed to building strategic partnerships with distinguished reinsurance organizations. HORIZON’s reinsurance contracts involve a number of global companies with a particularly positive rating from STANDARD & POORS, namely:
ASPEN (A-)
CCR Re (A-)
DEVK (A+)
Korean Re (A)
Nacional Re (A)
Sava (A)
Scor (A+)
Triglav (A)
QBE Re (A+)
Hannover (AA-)
Uniqa Re (A by S&P) (A)
Covea (AA-)
Swiss Re (AA-)
Corporate Governance is a system of principles based on which a company is organized, operated and managed, in order to safeguard and satisfy the legitimate interests of all its stakeholders and those associated with it. The nature of the work of insurance companies, the type of services they offer, as well as the unstable political-economic-social-technological environment, make it necessary to implement corporate governance rules for the benefit of the insured, society and the company’s shareholders. For this reason, HORIZON, following the guidelines set by the legislative framework for the operation of insurance companies in Europe (Solvency II), adopts and applies the following principles and practices of corporate governance:
Clear organizational structure with specific frameworks of responsibility and duties.
Written and documented policies and procedures for each company’s operation.
Sound Risk Management, Actuarial and Regulatory Compliance services.
Mechanism to ensure the transmission of necessary information within the company.
Existence of an effective auditing environment.
Existence of a complaints handling mechanism.
Ensuring the suitability of the professional qualifications, knowledge, experience, integrity and reputation of the people within the company’s management roles.
At HORIZON we believe that human-centered services, such as insurances, are primarily based on a strong team of people, who based on their knowledge and a teamwork spirit and oveall dedication, participate in the organization’s planning, implementation and provision of high-quality services for the final recipients, all of you, that wish to ensure your personal and collective prospects. For this reason, HORIZON systematically invests in the creation and development of an experienced staff members, who obtain significant know-how and specialization within the insurance fields, while it offering a comprehensive program of continuous training and education with targeted plans, innovative procedures and methodologies on the insurance programs it develops, manages and offers. In this context, HORIZON utilizes new information and communication technologies.
At the same time, HORIZON’s senior management team has traditionally adhered, since 1964 – the year of its establishment, to one of the fundamental principles of its founders. The daily consolidation of the core corporate values, by all personnel, is one of its main priorities, both for the company’s executives, as well as for its network of external partners, who are performing a very significant role and assist it expand further in the local insurance industry. For this reason, HORIZON treats its external partners as actual ambassadors of its credibility and thus, chooses to collaborate, with particular care and dedication, with the best agents in the country, maintaining a strict system of selection and continuous evaluation equal for all.
Solvency & Reliability
Ethics
Flexibility
Innovation
Efficiency
Evolution
Empathy
Prudence
Customer-centric philosophy
High capital adequacy
