Total expenses incurred by gross damage claims increased by 30% to almost RON2 billion at the end of September 2024.
“(…) Life and health insurance has been growing rapidly for six years at Allianz-Țiriac, an evolution that confirms the need and interest for protection, but also the sustained effort of the entire team and our distribution partners. 2024 marks the anniversary of 30 years of activity of Allianz-Țiriac on the insurance market in Romania, a period in which we contributed EUR20 billion to support the local economy and our individual and corporate clients”, said Virgil Soncutean, CEO of Allianz-Tiriac Asigurari.
Life insurance continues to be the star of the Allianz-Țiriac portfolio. Life insurance underwritings surged 20% in the first 9 months of 2024 compared to the same period in 2023.
Health and home insurance saw increases of 14% and 13% in underwritings in the first 9 months of 2024.
Underwritings in the automotive insurance segment climbed 4%, which was expected in the first year after the market redistribution following the bankruptcies in the third-party liability insurance (RCA) sector.