The decline in the sales of the two is surprising, considering they used to post growth every quarter.
Despite reducing exposure, City and Euroins remained the leaders of the auto liability insurance market ranking. City’s market share stood at 28.2% at the end of March 2018, down from the 31.6% in the year-ago period.
The decline in auto liability policies sales cost City the top spot in the general and life insurance ranking, which Allianz-Tiriac claimed back after one year.
Euroins lost less market share than City Insurance. The Bulgarian-held insurer accounted for 25.2% of the auto liability insurance market at the end of the first quarter, compared with 27.7% in March 2017. While market leaders decided to take a step back, Asirom returned with a strong push into the auto liability insurance market, posting almost 60% growth.
(English version by Loredana Fratila-Cristescu)