The acquisition of UNITA takes UNIQA a 20% share of the market in the region
The acquisition of UNITA, as well as its participation to the capital
of ASTRA, well help UNICA reach a market share of 20% in Eastern and
Central Europe, according to a survey conducted by ERSTE Bank on the
insurance market.
"We admire UNIQA's decision to play a more active role
in the region, considering that the CEE region will register one of
the highest
increase rates over the following decades, as a result of the low density
on insurance", said the representatives of ERSTE.
"At the moment, UNIQA operates in Poland, the Czech Republic,
Slovakia, Serbia, Ukraine, Croatia, Bosnia-Herzegovina, Bulgaria and
Romania,
where it has been present since 2005, when it bought a part of ASTRA
Asigurari.
In July 2008 UNIQA signed a contract with VIENNA Insurance Group for taking over UNITA.
Author: Mihaela CIRCU
on 14.07.2008
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