Warranty insurance account for over 90% of the company’s portfolio, reporting an increase over six times higher than the value of premiums underwritten in the first half of 2011.
The market share on the warranty insurance segment rose to 17.6% at the end of June 2012, compared to 5.7% at the end of June 2011, placing EximAsig Romania third among companies issuing this type of insurance.
The value of damage claims paid in the first half of 2012 stood at RON52,230, compared to RON24,813 in the same period in 2011, on the backdrop of an increase in the company’s business volume.
EximAsig Romania was established as a professional entity, specialized in providing financial risks insurance for both export and internal business operations. Its products are designed for companies doing business with internal and external partners in the fields of trade, manufacturing, transportation, construction, factoring, oil and IT.
EximAsig Romania has a share capital of RON29.2 million, which is 90.84% owned by Eximbank Romania. (EUR1=RON4.5037)