On the other hand, life insurance revenue declined 5.3% to RON44.23 million.
RCA civil car liability policies were responsible for the largest share of Asirom’s revenue, RON196.99 million, compared to RON100.05 million last year. CASCO policies made the company RON61.92 million, down RON77.84 million from last year.
Fire and natural disaster insurance premiums grew 9.3%, to RON41.67 million.
On the life insurance segment, traditional policies generated revenues of RON43.31 million, from RON46.69 million in June 2010.
Asirom paid damage claims for RON128.99 million, down 27.4%. RCA claims amounted to RON59.4 million (down 30.3%), CASCO – RON49.53 million (down 32.8%), fire and natural disaster insurance – RON14.76 million.
The company’s portfolio included 616,636 policies at the end of June. General insurance made up 457.839 policies.
Asirom was set up in 1991 and its share capital currently amounts to RON157.85 million.
Vienna Insurance Group (Austria) controls 85.97% of Asirom’s share capital. The rest is in the hands of various legal (13.43%) and natural persons (0.6%).
Asirom expects gross profit to double in 2011 to RON39.34 million, and underwritten premiums for general and life insurance policies to increase 21.5% to RON645 million.