Optional insurance segment grew to 10% of the total gross written premiums in July 2022, which means that RON10 out of every RON100 in gross written premiums come from non-auto liability products. This is more than double the July 2021 level, when the rate stood at 4.4%, the company officials said.
“These significant increases are a target hit ahead of time. This confirms that our modernization and digitization process, along with constant capital fed into the business, helped improve the financial indicators of our company,” says Euroins Romania CEO Tanja Blatnik.
The number of non-auto liability policies stood at 533,095 at the end of June 2022, an increase of 96% on the first half of 2021, while the number of auto liability insurance customers rose by 11% to 1.54 million.
Euroins Romania data also show that the comprehensive auto insurance (CASCO) portfolio increased to 15% of the total non-auto liability products in the first seven months of the year, from 8% in the year-ago period.
The share of the auto liability insurance market stood at 31.81% in the first half, up from the 31.15% in the first half of last year.
(English version by Loredana Fratila-Cristescu)