Omniasig sees gross written premiums slide more than 5 percent

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.

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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