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Mondial Assistance, international leader in travel
insurance and assistance, continued to pursue its
dynamic strategy of profitable growth in 2006, registering
a 12.2% increase in turnover for a total of 1.36 billion
euros, and a 16.9% increase in net profits, which totalled
55.9 million euros at year end.
2006 was a year clearly marked by innovation
2006: Profitable growth through innovation
The world tourism market remained very
dynamic in 2006, due primarily to e-tourism,
which has been booming compared to the
traditional distribution channels that are quickly
losing momentum. The automobile market
however was less dynamic, particularly in
Western Europe. Competition in the roadside
assistance activity is growing in Europe with
a notable increase in international tenders.
In this market context, 2006 represented
another positive year for Mondial Assistance.
The Group has not only significantly
increased its turnover (+ 12.2%) and net
profits (+16.9%), but has also strongly raised
its operating result, up 31% to 63.5 million
euros. Moreover, the combined ratio, a very
important measure in the Group’s business
markets, decreased to 95.2%. In addition,
the Group has demonstrated an annual
compound growth rate of 11.4% over the
last 3 years. Thanks in part to the very
successful cost containment policy, Group
profitability increased by 16.9% to reach
55.9 million euros. Moreover, its remarkable
innovation capacity combined with a
balanced risk policy allowed the Group
to strengthen its position around the world
and confirm its worldwide leadership in an
increasingly competitive global market.
Mondial Assistance maintained organic
growth within its 4 business lines. In the travel
business, the e-commerce distribution
channel experienced dynamic growth with
the signing of several international contracts.
eMAGIN, its technological e-commerce
sales platform, proved to be a very success-
ful innovation. Deployed in 29 countries,
it now issues more than 1,200 travel insurance
policies per hour.
Geographically, growth was most prevalent
in very dynamic markets like Portugal,
the U.S., Poland, Australia, Italy and Spain,
whereas in the main European markets
– France, UK, Germany which are more
mature – growth was consequently more
moderate. E-tourism has come to represent
an increasing share of revenue, particularly
in our North American business units, the
larger European entities and throughout the
Asia Pacific region. The Automotive activity,
which has successfully introduced innovative
solutions such as Online SMS Rescue,
continued to develop in the different markets
in which the Group is present. The Group
also signed new contracts with European
car brands in China. Healthcare and lifecare
services continue to expand, thanks
notably to innovative services such as
the Osteoporosis Patient Programme,
which met with great success after
its launch last year in France, Belgium
and Brazil.
Editorial
2
Ida Luka-Lognoné
Karl-Heinz Jung
MONDIAL
ASSISTANCE AG
Supervisory Board
Chairman:
Jean-Philippe Thierry
Vice-President:
Detlev Bremkamp
Vice-President
Delegate:
François Thomazeau
Members:
Roland Rykart
K. Walter Gutberlet
Share capital:
CHF 40,000,000
Year of legal
foundation:1999