Vienna Insurance Group’s gross premiums up by 37.3 pct in Romania to EUR 266.7 mln in H1

Newsroom 23/08/2016 | 11:54

Vienna Insurance Group (VIG), which owns three Romanian companies, registered a growth of the gross premiums by 37.3 percent in the first half of the year up to EUR 266.7 million, according to the data published on Tuesday by the group.

The increase was mainly due to the motor insurance business, which is currently moving in a positive direction. In life insurance, VIG signed an agreement at the beginning of August to acquire the local operations of the French AXA Life company (subject to approval by the authorities), a further step that will expand its market share. The Austrian company also owns the insurance companies Omniasig Non-Life, Asirom and BCR Life.

In the first semester, VIG generated overall EUR 4.9 billion in Group premiums, representing a slight increase of 0.4 percent compared to the previous year.

Georgiana Bendre

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 business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    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