IMPORTANT MILESTONES

Orizon Insurance is one of the founding members of the Hellenic Consortium for the Insurance of Ships and Aircrafts (EKAPA) aimed at the insertion of the Greek insurance market into the international marine insurance scene. In cooperation with other companies of the consortium, Orizon insures a large part of the Greek owned shipping sector, which, until then, was insured, almost exclusively,  to the London and New York market, with significant benefits for the ship owners as well as the Greek government. Among the consortium’s achievements is the insuring of the Onassis Group.

The British firm Sun Alliance Insurance Group, one of the largest insurance players globally, shares in the company’s capital stock. In addition to this, in the mid 70s, the company enters the branch of life insurance and group pension plans catering to the workforce of industrial and commercial businesses. 

Orizon Insurance acts as the general representative for Greece of Sun Insurance office, the London Assurance and the Japanese Taisho Marine and Fire Insurance Co L.T.D. Moreover, the company becomes the exclusive insurance partner of Gerling Allgemeine, covering some of the largest German industrial investments in Greece, among which BASF A.G, Hoechst A.G, and Bayer A.G.

Fidentia S.A,  an associate company of Orizon Insurance S.A , is established, , and takes over the representation of the aforementioned foreign firms in Greece. The emerging group specializes in the insurance coverage of some of the country’s most powerful industrial and commercial corporations such as Hellenic Steel, Hellas Can, Motor oil Group, Sony Hellas, Viohalco Group, Alucanco, 3E Coca-Cola, Papastratros A.B.E.E, and Lowenbrau.

In the 1990s, Orizon Insurance continues its successful trajectory of continuous profitability. Parallel to the systematic expansion of our activities on commercial and industrial risks, which remains our core focus, our company pushes for improvement and innovation in the field of retail, through diverse acquisition channels.

Orizon enters the important field of Bancassurance through its strategic partnership with Chios Bank. 

Committed to our human-centered principles and values, we stand by our clients affected by the disastrous earthquake in the Attica area in 1999 through ensuring the immediate recording and evaluation of damages. As a result of the immediate and challenge-free indemnities, Orizon Insurance firmly establishes itself in the field of retail. 

On the doorstep of the 21st century, Orizon Insurance S.A. enjoys a steady high capital adequacy ratio and ever-increasing profitability. It invests in new insurance products and services and extends the range of its activities onto new areas of risk through targeted partnerships. One of our success stories during this period is the solidification of our involvement in Bancassurance, which becomes an integral part of our activities through our strategic partnership with Piraeus Bank. 

On the eve of the new decade and in light of the global financial crisis that devastates a range of financial institutions, Orizon Insurance manages to remain intact due to its stable and prudent strategic governance. On a constantly upward track and with a high capital adequacy ratio, the company remains insulated from the problems that have undercut the field in the last few years. The company designs its future developments through strict compliance with the European Directive regarding the transformation of the insurance industry, known as SOLVENCY II. 

The company strategy incorporates an expansion plan based on new intermediary networks mainly located in the Greek Province, focusing on selected partnerships with the aim of creating long-term relationships based on trust and respect. The company re-designs its retail products and equips agents with the powerful tools for a dynamic entry into the market.

The company severely invests in technology through the twofold activity of the development of new software programs and the integration of new highly qualified IT employees, aspiring to modernize and fit into the demanding requests of the Solvency II Directive.