GENERALI Asigurari grows by 12% in six months

In the first semester of this year Romanian GENERALI Asigurari has reached a total volume of gross written premiums of RON 212.2 million, 12% more in comparison with the same period of last year (RON 189.1 million). Life insurance increased by 53.6%, from RON 27.8 million in H1/2007 to RON 42.7 million, while general insurance have grown by 5.12%, reaching RON 169.6 million. The profit of the company for the first half of 2008 was RON 15.9 million compared to RON 21.6 million for H1/2007. 

From the total written premiums for the life segment, RON 31.9 million represented individual contracts; a class that had a spectacular growth (69%), as for the rest, RON 10.8 million is group insurance, representing 21.6% more than last year.
The best selling types of insurance were: CASCO (RON 97.8 million), Motor Third Party Liability and Green Card (RON 21.8 million), property insurance (RON 15.7 million), where they registered a 55.9% increase compared to last year. 

"The results are perfectly in line with the company's development strategy. I am pleased with the results we had on the life segment. For a market with estimated development around 20-25% in 2008, our company's results, 68.6 increase for individual insurance segment and, most of all, 50.3% increase for traditional life insurance, are quite impressive", Tudor MOLDOVAN, General Manager of GENERALI Asigurari, stated. 

"As for motor insurance, our main target is not development under any circumstances, but respecting subscription rules and creating a proper climate for future development. We have assumed the role to educate the market and, as a first step, we introduced motor insurance with a franchise for all our distribution channels", Tudor MOLDOVAN added.
The year 2008, GENERALI celebrated the 15 anniversary on the Romanian insurance market.