Liberty posts a 10.5% first half growth in expatriates

LIBERTY SEGUROS organised a brunch meeting in Malaga with its main brokers engaged in the Expatriates segment along the Costa del Sol, where the excellent results of the first half of the year were applauded and a very positive outlook for the second half of the year was discussed.

This meeting forms part of a round of meetings with its Expatriates insurance brokers throughout Spain, particularly in coastal areas such as Levante, Murcia and Almeria, Costa Brava, the Balearic Islands and the Canary Islands.

The Expatriates segment encompasses foreign residents in Spain who are real estate owners, tenants or simply spend long and alternate periods in the country. Expatriates constitute one of the groups in which Liberty has a more solid and differential presence in the market that is not only built on a technology­driven, product and advice­based commercial model, but also sustained by a network of brokers who are consolidat­ ed and highly specialised in the needs of this group.

Liberty’s premium volume in this segment grew by 10.5 per cent between January and June 2023, standing at €42 million in car, home and miscellaneous premiums. This solid performance arose from new customers and renewals of existing policies.

Jesús Núñez, Executive Director of Distribution and Sales at Liberty Seguros in Europe, pointed out that

“this positive performance reflects the long­standing and trusting partnership between Liberty and its brokers” and also “a unique business model that provides brokers with Liberty’s digital and data analytics knowledge and capabilities so they can further develop their businesses.” On this point, Jesús Núñez reiterated his “absolute commitment to brokers,” who “are at the heart of offering customers a policy best suited to their needs.”