“Except for assets and property segment, all the other segments registered a significant growth,” Carpatica Asig said in a press statement.
The insurer also said it paid damages of RON94 million in the first three months, up 22.2% from RON76.8 million the corresponding period a year earlier.
According to company’s data, the volume of RCA policies decreased by 4.69% due to the policy on developing underwritings for non-RCA products.
On the assets and property segment, the company reported a 7.98% decrease, due to the general downward trend of the market.
Carpatica Asig started its activity in 1996 as ASA Asigurari Atlassib. It is controlled by Atlassib Sibiu (92.42%), Transcar Sibiu (6.97%), Corneliu Tanase (0.08%) and Aurel Albu (0.53%), according to Trade Registry data.
Carpatica Asig, part of financial group Carpatica (owned by businessman Ilie Carabulea), has over 90 units countrywide and operates only on the general insurance market. (EUR1=RON4.4308)