Civil liability car insurance RCA premiums dropped 40.7% to RON90.57 million and voluntary car insurance CASCO premiums fell 64.5% to RON5.94 million in the analyzed period.
Property insurance against fire and natural disasters tripled to RON7.66 million in the first six months of the year, from RON2.64 million in the same interval a year ago.
Indemnities paid to clients by Euroins Romania reached RON81.63 million, from RON98.26 million, of which RON70.19 million on the RCA segment and RON10.61 million on the CASCO segment.
The insurer’s portfolio included 506,318 policies at the end of June 2011, of which 358,112 were RCA policies and 113,378 were insurance policies against fire and natural disaster.
Euroins Romania was founded in 1994 under the name Asitrans and it is active in general insurance.
Shareholders include Bulgarian Euroins Insurance Group PLC with 89.09% and several individuals, who control a cumulated stake of 10.91%.
Bulgarian group Eurohold entered the company’s shareholding structure in 2007, after buying a 75% stake for EUR12.5 million.
In 2010, Euroins Romania’s underwritten premiums increased 7.1% to RON301.02 million.
For 2011, the insurer estimates revenues from underwritten premiums will hit RON369.5 million. (EUR1=RON4.2669)