Growth Builders
We continue our financial growth journey, being the first ever marine underwriter in Cyprus licensed under the Solvency-II regime
Solvency & Financial Condition Report 2022
ASOMIC SFCR 31.12.2022
Focus, Efficiency, Productivity
Since the company was established in 2016, financial growth is exceeding all expectations. We achieve every target as shipowners around the world welcome our innovative approach.
SFC Reports
The first marine underwriter in Cyprus licensed under the Solvency II regime.
The Solvency-II Capital Requirement establishes the amount of capital to be held by an insurance entity in the EU to provide enhanced protection for clients and to ensure to an overwhelming probability that an insurer can continue to meet ongoing obligations to policy holders and beneficiaries.
American Hellenic successfully complied with the capital requirements and has passed all additional Solvency II financial and operational stress tests.
Compliance
American Hellenic places the utmost importance on complying with all existing legal and regulatory requirements. Our commitment to environmental, social and corporate governance standards is in addition to, and is integrated with, our commitment to compliance.
All individual employees share the responsibility of compliance with applicable laws, regulations and business standards. To this effect, senior management ensures that staff in each department are fully aware of the regulations, standards and best practices required of them, as well as the compliance risks involved.
Financial Institutions
that approve American Hellenic
