The increase was due to the growth registered on most of the insurance segments and mainly on the voluntary car insurance policies (Casco) segment, which rose by 29% (RON9,05 million). A significant increase was also recorded on the Property segment, with a share of 22%.
“We had a good year-not easy, but good overall -despite the fact that the insurance market was marked by changes and events that slowed down the industry development. We have recorded increases on almost all lines of business, such as Casco and position consolidations on other lines, such as the Bonds. We have also paid significant claims, fulfilling the Gothaer promise in Romania – to be there for our customer,” said Anca Babaneata, CEO of Gothaer Asigurari Reasigurari.
In 2016, Gothaer paid damage claims worth over RON42.5 million, mostly on Casco segment (RON24.1 million), followed by Agro (RON9.7 million).
The company has also recorded a significant increase in its customers portfolio, namely of 49%, reflected in the increase in the number of policies which was 50% higher compared to the previous year.
German group Gothaer entered the Romanian market in October 2012, by acquiring 67% of the share capital of Platinum Asigurari.