Damage claim payments to insured clients and third parties neared RON300 million, while over RON3.6 billion targeted claims reserves, according to the commitments undertaken.
Property insurance, including home insurance for natural persons, grew by over 25% in January-March 2023.
At end-March 2023, more than 400,000 natural persons and companies had their homes, buildings and goods insured by Allianz-Tiriac.
General liability insurance saw an increase of over 40% in the first quarter of 2023, amid enhanced activity on the segment of infrastructure projects.
Sales of traditional life insurance policies, which are exclusively focused on protection, rose by almost 20%, while underwritings on the health insurance segment advanced roughly 30%.
In 2022, Allianz-Tiriac, the second largest market player, reached a volume of gross underwritings of RON3 billion, up over 47% versus 2021, and its operating profit stood at RON250 million.