Euroins Romania Q1 gross written premiums down 16.7 percent to EUR 25 mln on falling property segment

Newsroom 22/04/2014 | 14:06

Euroins Romania, the insurer controlled by Bulgaria’s Euroins Insurance Group, said that its gross written premiums lost 16.7 percent to EUR 25.2 million in the first quarter against the same period of last year, citing lower revenues in the auto segment, reports Mediafax newswire.

Over 90 percent of the premiums have been written on RCA (the mandatory auto insurance), with revenues losing 15.3 percent to EUR 23.1 million. On CASCO insurance, the gross written premiums fell 19.1 percent to EUR 923,000.

The segment of assets and property insurance registered the biggest loss of 57 percent to EUR 372,000.

The gross written premiums of Euroins Romania rose last year by 13 percent top EUR 115 million.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF: Business Review Magazine June II 2024 Issue

The June II 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mihaela Bitu, ING Bank Romania: Banking makes dreams come true”. To
Newsroom | 28/06/2024 | 12:25
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue