Generali Asigurari posts RON 501.5 mln in premiums

Newsroom 08/03/2010 | 14:10

Insurance company Generali Asigurari posted RON 501.5 million (about EUR 120 million) of gross written premiums in 2009, an increase of 20 percent on the RON 417.5 million in 2008.

General insurance grew by 26 percent, to RON 417, 2, while life insurance posted a decrease of 1 percent, to RON 84.4 million, on 2008.

“Considering that the insurance market has been greatly affected by economic turbulence and posting a small increase last year compared with the expectations and the history of the last few years, the fact that we posted a general increase of two digits confirms that our strategy is a correct one,” said Marie Kovarova, general manager of Generali Asigurari.

General third party liability insurance (+39 percent) and calamities and fire insurance (+18 percent) posted significant growth in the general insurance segment. Meanwhile group insurance, as part of life insurance, saw a rise of 18 percent on 2008.

“We intend in 2010 to register a healthy and profitable growth in all of our business lines and also a general evolution of gross written premiums over the average of insurance market, estimated at 4-5 percent,” added Kovarova.