CertAsig specializes in corporate insurance and operates in Romania, Bulgaria and Turkey. The Romanian market generates over 60% of the company’s turnover, followed by Turkey, with 35%.
Maritime insurance in Turkey and the Black Sea region continue to be a key segment for CertAsig, generating 27% of the total underwritings in 2015, of EUR3.9 million.
Underwritings on the segment of insurance for commercial and industrial property and assets also rose 21% to EUR3 million last year.
On the segment of general liability insurance and professional liability insurance, underwritings rose 12% to EUR1.66 million.
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.