Travel insurance: a new leader and rising
With the start of the operation of portfolio transfer from the company RAI, the former absolute leader on the travel insurance line, to GENERALI Asigurari, Q1/2010 brought a new leader: ALLIANZ-TIRIAC.
Moreover, the first two companies, ALLIANZ-TIRIAC and GENERALI Asigurari underwrote together about 47.2% of total insurance premiums on the travel insurance segment.
The next three positions were occupied by ASTRA, OMNIASIG and CARPATICA, while RAI Asigurari was situated on the 10th position, these types of policies still generating the largest volume of business in the insurer's portfolio: 70%.
Travel insurance represented 0.35% of total national insurance market, the companies underwriting, cumulated, insurance premiums amounting to EUR 1.97 million (over RON 8 million), 26% more than in Q1/2009, marking the first increase after a 3 years break.
The complete results of the Romanian insurance market correspondent to the first quarter of this year can be read only Number 2/2010 of the Specialty Review INSURANCE Profile (www.insuranceprofile.ro).
Author: Vlad BOLDIJAR
on 25.06.2010
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