HDI Global has unveiled an ambitious four-year strategic plan aimed at accelerating international expansion and strengthening profitability, covering the period from 2026 to 2029. The new strategy, termed Xcelerate29, emphasises selective global growth, disciplined underwriting and claims management, and significant investment in both workforce development and technological advancement.
Management describes the strategy as a combination of operational “excellence” in core business areas with rapid expansion in priority markets and specialty insurance lines. Key geographic targets include North America, South East Asia, and the Middle East, where HDI Global plans to establish a stronger footprint through strategic partnerships and targeted market entry initiatives.
In terms of product focus, HDI Global intends to reinforce its specialty insurance portfolio, concentrating on aviation, crisis management, surety, and credit insurance. The approach balances growth with meticulous risk management, reflecting a broader commitment to sustainable and profitable expansion.
To underpin this growth, HDI Global will enhance underwriting and claims standards globally by implementing harmonised processes and data-driven controls. Investment management will also be optimised through refined asset allocation, improved operational efficiency, and strengthened governance, all aimed at boosting risk-adjusted returns.
A significant element of Xcelerate29 is workforce development. HDI Global plans to expand training opportunities, offer international career paths, and modernise working conditions, positioning itself as an employer of choice in the financial services sector. Concurrently, advanced artificial intelligence tools are being deployed across underwriting and claims operations, supporting tasks such as risk analysis, document processing, and first-notification-of-loss workflows, while final decisions remain under human supervision.
The strategy builds upon the company’s recent financial momentum. In 2024, HDI Global surpassed EUR 10 billion in insurance revenue for the first time, achieved a 57% year-on-year increase in EBIT, and improved the combined ratio to 90.0%, providing a robust foundation for the next stage of growth and profitability through 2029.
Key Financial Performance 2024
| Metric | 2024 Result | Year-on-Year Change |
|---|---|---|
| Insurance Revenue | EUR 10.1 billion | +N/A |
| EBIT | EUR 1.5 billion | +57% |
| Combined Ratio | 90.0% | -X points |
HDI Global’s Xcelerate29 strategy signals a decisive commitment to global expansion, operational excellence, and innovation, setting the insurer on a clear path to sustainable growth and enhanced market leadership over the coming four years.