For the full year, Euroins estimates it will reach underwritings of RON600 million.
The mandatory car insurance (RCA) segment made up 96% of underwritings.
Euroins Romania paid damage claims of RON265 million in the first six months, 59% higher than in the same period last year, when damage claims totaled RON166.8 million.
Tobescu said the average value of damage claims dropped by around 6% this year, as the insurer signed partnerships with auto repair shops.
He added Euroins Romania hopes to break even this year, after a loss of around EUR63 million in 2014.
Also Monday, Kiril Boshov, CEO Euroins Insurance Group (EIG), announced the Romanian insurer’s capital will be raised by a minimum RON100 million to a maximum RON200 million from the current RON230 million.
“Last year, EIG decided to raise the share capital by RON200 million. It was raised last year by RON100 million, in a first stage, and a second hike of RON100 million will follow. Moreover, should we consider it necessary, we are looking into raising the capital by an additional RON100 million. For the time being, the company’s situation has improved considerably, which proves the Romanian unit doesn’t need a capital hike, but we’ll set aside at least RON100 million for a buffer,” said Boshov.