Frans van der Ent, Country Manager Eureko in Romania, said in a press statement Tuesday that the first half of 2012 was difficult mainly due to turmoil on financial markets. He added that most companies, regardless of their business core, are still facing lots of problems, but stressed that Eureko has managed to register growth on the life insurance segment, despite the downturn on the local insurance market.
Romania’s general and life insurance market rose 2.7% to RON4.13 billion in the first half of 2012, on the backdrop of a 3.5% increase in subscriptions of general insurance policies, according to data provided by Romania’s insurance regulator CSA. General insurance cumulated premiums of RON3.27 billion, up 3.54% on the year in the first half of 2012, while on the life insurance segment, insurers reported a 0.38% decrease in revenues to RON857.1 million.
Eureko said its premiums underwritten on the life insurance segment rose 0.26% to RON15.39 million in the mentioned timeframe, while on the health insurance segment, revenues fell 2.45% to RON5.98 million.
Eureko Asigurari is part of Dutch financial group Achmea, which also owns Eureko Pensii on the Romanian market.
Eureko entered the Romanian market in 2001, after taking over insurer Interamerican. (EUR1=RON4.5026)