By business segments, the insurance company ended the first nine months of 2019 with over 14% higher gross premiums underwritten on the non-vehicle insurance segment, compared with same period a year before, while gross premiums underwritten on the life insurance segment grew 8%.
The two strategic business lines in Allianz-Țiriac’s portfolio came to generate nearly 50% of the total sales for the first nine months of 2019, compared with 44% in the same period in 2018.
On the non-vehicle insurance segment, the main growth contributors remained health insurance, with a 31% increase, and property insurance, with a 10% increase, compared with the first nine months of 2018.
On the health insurance segment, Allianz-Tiriac is market leader with some 150,000 clients.
The increases on the non-vehicle business lines managed to offset the decline in gross premiums underwritten on the mandatory car insurance (RCA) segment.
According to the company, the amounts paid to clients as damage claims and indemnities grew 12% to over RON575 million, while damage claims covered by property insurance grew over 27% in the first nine months of 2019, being generated mainly by fires and severe weather phenomena.
The volume of damage claim payments on the vehicle insurance segment was over 5% higher than in the first nine months of 2018, accounting for two thirds of the damages claims paid by Allianz-Țiriac in the first nine months of 2019.
The number of clients using the products and services of Allianz-Țiriac grew nearly 7% in January-September 2019, as per the company’s report released Monday.