Who won? Who lost?...in 2007
The value of the cumulated profit of the market decreased by 12.89%
in 2007, compared to 2006, while the value of the losses increased
by 60.01%, according to the Insurance Supervisory Commission's 2007
Annual Report.
In these circumstances, only 18 companies made profit in 2007, totalizing
RON 162.86 million (EUR 48.8 million).
At the same time, 24 companies registered losses, the total reaching RON 416.01 million (EUR 124.65 million). More than 50% of the markets profit belonged to three companies: ALLIANZ-TIRIAC, ING Asigurari and OMNIASIG (with a cumulated value of RON 93.6 million).
From the total losses, over 56% was due to three companies (ARDAF, ASTRA and BT Asigurari) with more than RON 236 million, according to the ISC's Annual Report.
No. | Company | Profit/loss - EUR million | Share of total (%) | 1 | OMNIASIG VIENNA Insurance Group | 10,217,242 | 20.94 | 2 | ALLIANZ | 9,557,033 | 19.58 | 3 | ING | 8,293,561 | 16.99 | 4 | AIG Life | 7,826,789 | 16.04 | 5 | GARANTA | 3,061,748 | 6.27 | 6 | GRAWE | 2,373,629 | 4.86 | 7 | BCR Asigurari de Viata | 1,863,486 | 3.82 | 8 | BCR Asigurari | 1,628,774 | 3.34 | 9 | AIG Romania | 1,285,264 | 2.63 | 10 | GENERALI | 1,047,194 | 2.15 | 11 | DELTA | 892,769 | 1.83 | 12 | ATE Insurance Romania | 304,294 | 0.62 | 13 | ASITO KAPITAL | 141,683 | 0.29 | 14 | ASIMED | 106,754 | 0.22 | 15 | AGRAS | 86,849 | 0.18 | 16 | ASITRANS | 80,189 | 0.16 | 17 | GERROMA | 26,256 | 0.05 | 18 | ABC Asigurari | 9,029 | 0.02 | | TOTAL Profit | 48,802,545 | 100.00 | 19 | BT Asigurari | -32,195,250 | 25.83 | 20 | ASTRA | -20,952,774 | 16.81 | 21 | ARDAF | -17,620,855 | 14.14 | 22 | ASIROM | -9,521,799 | 7.64 | 23 | OMNIASIG Asigurari de Viata | -6,072,504 | 4.87 | 24 | INTERAMERICAN | -5,409,333 | 4.34 | 25 | UNITA VIENNA Insurance Group | -5,052,747 | 4.05 | 26 | AVIVA | -4,461,653 | 3.58 | 27 | CLAL Romania Asigurari-Resigurari | -4,415,293 | 3.54 | 28 | ASIBAN | -3,531,484 | 2.83 | 29 | OTP Garancia Asigurari | -3,403,062 | 2.73 | 30 | CARPATICA Asig | -2,960,722 | 2.38 | 31 | F,A,T,A, Asigurari | -2,307,271 | 1.85 | 32 | KD LIFE Asigurari | -1,855,423 | 1.49 | 33 | R,A,I, | -1,743,374 | 1.40 | 34 | CERTASIG | -1,119,855 | 0.90 | 35 | EUROASIG | -488,714 | 0.39 | 36 | CARDIF Asigurari | -400,125 | 0.32 | 37 | EFG Eurolife Viata | -364,568 | 0.29 | 38 | EFG Eurolife Generale | -255,388 | 0.20 | 39 | CREDIT EUROPE Asigurari | -180,259 | 0.14 | 40 | DELTA Addendum | -167,401 | 0.13 | 41 | CITY Insurance | -116,869 | 0.09 | 42 | IRASIG | -61,325 | 0.05 | | TOTAL LOSS | -124,658,047 | 100.00 | | TOTAL MARKET | -75,855,502 | |
Author: Mihaela CIRCU
on 01.10.2008
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