The company’s underwritten premiums in January to September period are similar to the value registered during the entire 2011, of EUR6.9 million.
This performance above market average is mainly due to the very good collaboration with the partner brokers, the development of key segments such as maritime insurances or guarantee insurances as well as to the niche products, the company said in a statement.
Over 90% of CertAsig operations are developed through brokerage companies, the statement also read.
Around 40% of the company’s portfolio comes from maritime insurances, which accounted for EUR3.03 million underwritten premiums in the first nine months, from EUR3.39 million during the entire 2011.
In 2012, Certasig has insured the opening ceremony of the Europa League final for EUR6.2 million, the most expensive policy sealed by a Romanian insurer for a local event.
Also, in April, the company paid a EUR2.95 million damage, which is one of the highest damages paid on the local market in 2012, according to the company’s general manager James Grindley.
The company aims to enter the Bulgarian insurance market, mainly because of the similarities with the local market.
Certasig is controlled by private investment fund Royalton Investors II, which owns 92.7% of the insurer’s stock through Certasig Holdings.