The insurer underwrote gross premiums worth RON235 million in the last quarter of the year, from RON211 million in the third quarter and RON204 million in the second quarter of 2011.
Premiums underwritten by Allianz-Tiriac Asigurari in the last quarter of 2011 increased about 2% compared with the same interval a year before.
On the general insurance segment, Allianz-Tiriac registered revenues from underwritten gross premiums of RON811.7 million in 2011, down 13.5% compared with the previous year, when they hit RON938.8 million.
The company underwrote RON431 million in voluntary car insurance CASCO premiums last year. The share of CASCO premiums in the total revenues from general insurance was 51%.
On the property insurance segment, Allianz-Tiriac Asigurari underwrote premiums worth RON166.4 million in 2011, up 2% on the year. The share of property insurance premiums in the company’s non-life insurance revenues stood at over 20% last year.
The insurer underwrote premiums of RON151 million in mandatory car insurance RCA premiums.
The share of RCA premiums in the company’s total revenues from general insurance stood at 18.6% in 2011, from 23% a year before.
The car insurance segment shrank last year, while most non-car insurance segments registered growth, Allianz-Tiriac general manager Rangam Bir said in a press release Monday.
On the life insurance segment, Allianz-Tiriac underwrote premiums of RON94.6 million in 2011, up from RON91.7 million in the previous year.
The share of traditional insurance premiums in revenues on this segment was 48% last year, and the share of unit-linked premiums stood at 52%.
Allianz-Tiriac Asigurari ranks second on the local insurance market regarding underwritten premiums.
The company has a share capital of RON99.4 million. It is controlled by Allianz (52.16%) and Vesanio Trading Limited (44.48%), owned by Romanian businessman Ion Tiriac. (EUR1=RON4.3525)