“I believe the agricultural segment will be seeing growth. There are also a lot of European funds and we a rising number of farmers resorting to these funds. We generally collaborate with medium-sized farmers,” said Babaneata in an interview with ZF.
At present, agricultural insurance accounts for around 12% in Gothaer’s portfolio. Around two thirds of the insurer’s portfolio is concentrated in the corporate area.
Gothaer head says the company also plans to expand its retail client base.
Gothaer has budgeted gross underwritten premiums worth RON100 million for 2015.
Gothaer (the former Platinum), owned by the German group of the same name since 2012, currently has 204 employees and wants to reach 250 employees by yearend.
The local insurance market declined b 4% in the first nine months of 2014, to RON5.9 billion, according with the latest data available.
(English version by Catalina Apostoiu)