Current predictability is still low amid the pandemic fallout and the impact of City Insurance bankruptcy, maintains Cristian Ionescu.
Overall, underwritten premiums for the first nine months of 2021 point to 15% growth, to a total value of almost RON550 million, from RON478 million in January-September 2020.
As regards profitability, Cristian Ionescu believes the tendency is a positive one, supported by voluntary insurance, after the first nine months of activity.
At the level of 2021, third-party motor vehicle insurance RCA generates around a quarter of Asirom revenues, while the rest of three quarters come from voluntary insurance.
2021 is the fourth year in a row when the company’s portfolio structure moves in the desired direction, namely toward a higher weight of voluntary categories.
“This strategic approach will continue in 2022, even as on the short term we expect the impact of the redistribution of around half of RCA clients, doubled by the uncertainty related to pandemic evolution, will continue to constantly generate challenges. Operationally, we plan to take services upgrading programs further in 2022,” explained Cristian Ionescu.
(English version by Catalina Apostoiu)