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Operating exclusively in the field of the financial guarantees, Covéa Caution mainly offers guarantees to home developers and builders, suppliers and for use in regulated professions which must provide guarantees to protect funds invested by customers. The company underwrote 10.6 million euros in gross premiums in 2009. Covéa Caution's rigorous policy of providing prevention information on signing and following up on its commitments enabled it to earn a net income of 2.0 million euros. In 2010, Covéa Caution will pursue a diversification strategy, especially in the energy retrofitting and solar powers markets, aimed at shoring up the company's positioning. The company also successfully steered a strategy based on service quality, responsiveness and innovation. |
