Omniasig sees gross written premiums slide more than 5 percent

Newsroom 29/03/2010 | 11:03

Omniasig Vienna Insurance Group posted RON 1.114 billion in gross written premiums in 2009 according to IFRS standards, a decrease of just under 5.7 percent from 2008.

This is the result of the interconnection of the insurance industry with other significant sectors, such as automotive, leasing, banking and real estate, that have been affected by the current crisis.

The total value of paid compensation increased by 21.7 percent last year on 2008 to RON 904.96 million.

Car insurance made up the greatest weight in the posted results, with 81.4 percent of total.

The company also posted RON 635.17 million of gross written premiums in CASCO insurance and a decrease of 3.5 percent in mandatory car insurance to RON 272.02 million.

General third party liability insurance grew by 19.2 percent on 2008 to RON 17.29 in gross written premiums. Omniasig also registered a RON 52.73 million gross profit in 2009, according to IFRS standards.

Anda Dragan


BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    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