The general insurance segment, which accounts for 86% of the total local business, reached RON235 million in the first half of 2016, while the life insurance segment stagnated compared with the same period a year ago.
On the property insurance segment, which includes insurance against fire and natural calamities and property damage insurance, Generali Romania underwrote premiums of RON65 million, similar with the level reported in January-June 2015.
The volume of auto insurance business reached RON142.4 million in the first half of 2016, up 36.7% on the year. The company reported a higher increase on the car insurance segment, mainly for the civil liability car insurance policies (RCA), a natural effect of recent events on the Romanian insurance market (bankruptcies and financial recovery processes).
The demand for health insurance also saw an increase in the first half of 2016 and Generali’s business on this segment surged 60%.