CertAsig specializes in corporate insurance and operates in Romania, Bulgaria and Turkey.
Contractual guarantee insurance, which cover contractual risks that may occur between supply companies and beneficiary companies or institutions, represent a category of specialized insurance placing CertAsig second in Romania, according to its own data, with total underwritten premiums of EUR2 million in the first half of 2015.
Insurance for the engineering and construction sectors generated 12% of the volume of underwritten premiums, namely, EUR0.8 million.
Nearly a third of the company’s underwritten premiums were generated by maritime insurance (Casco, general liability insurance), cargo insurance and general aviation insurance.
Insurance for cargo and transit assets triggered a 40% increase in underwritten premiums on the year in January-June, exceeding 5% of total premiums underwritten by CertAsig.
CertAsig currently has more than 75 insured clients in Romania, Bulgaria and Turkey on the segment of drones, mainly airliners, aerospace clubs or owners of recreational aircrafts.
The company paid EUR2.46 million in damage claims in the first six months.
CertAsig is owned by investment fund Royalton Capital Investors II, whose main investors are Alpha Associates, the European Bank for Reconstruction and Development, and the European Investment Fund.
In 2014, the insurer underwrote premiums of EUR13 million, 8% higher than in 2013.
CertAsig has a team of 70 employees and nearly 90% of its sales are brokered.