In 2013, Gothaer Asigurari’s revenues from underwritten premiums surged 76% to RON66.73 million and the number of insurance contracts rose 40% to 98,000. Also, the client portfolio has doubled, exceeding 52,000.
The company paid damage claims of RON18.03 million last year, from RON5.5 million in 2012.
Gothaer’s biggest business line in 2013 was property and asset insurance, which accounted for 42% of its portfolio, followed by voluntary car insurance CASCO policies, which accounted for 30%.
Over 75% of the insurer’s underwritings in 2013 were brokered premiums.
Gothaer entered the Romanian insurance market in October 2012, when it bought 67% in Platinum Asigurari. Subsequently, the German group came to hold a 100% stake in its Romanian subsidiary, following several acquisitions.
Gothaer has so far invested over EUR12 million in its Romanian subsidiary, of which EUR10 million in 2013.
Founded in 1820, the Gothaer group has over 3.5 million clients and registered premiums of EUR4.17 billion in 2012.