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ASTRA Asigurari increased by almost 400% on the household insurance segment


The insurance company ASTRA registered a record growth of 382% in the first 9 months of last year on the segment of voluntary household insurance, totaling gross written premiums worth RON 106.3 million.

At the same time, this type of insurance has reached a share of 86% in the total underwritings made by the company on the fire and allied perils class. Also, on this segment, there have been paid claims of RON 1.28 million, compared to RON 0.95 million in Q3/2008.

"The much invoked lack of insurance culture of the Romanians starts to lose ground, even if with a very slow pace (influenced, also, by the financial crisis). Promoting mandatory household insurance brought to the attention of dwellings' owners the risks faced by them", specifies Radu MUSTATEA, President of the Directorate, ASTRA Asigurari.

In the reference period, 1.141 million policies were concluded, compared with about 139 thousand in Q3/2008, with an average value of RON 93 per policy.
"ASTRA Asigurari emphasized the quality of offered services, one of them - unique on the profile market - being the service for emergency care at home, for repairs done by specialized service providers", mentions Radu MUSTATEA.

The quoted official considered that the introduction of mandatory household insurance would positively influence the sales of voluntary policies. Thus, "current owners of voluntary policies will not give up the more comprehensive coverage of these policies, and some mandatory insurance owners will decide to supplement the sums and the insured risks, by buying voluntary policies", the quoted official added.


Author: Oleg DORONCEANU on 18.01.2010




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