Grawe ranked ninth among life insurers in the first half of 2019, with underwritten gross premiums of RON22 million and a 1.99% market share.
Despite not being among the ten largest general insurance companies, Grawe Romania ranks ninth among the largest players on the mandatory car insurance (RCA) market in the first half of 2019, with underwritings of RON42.9 million and a 2.25% market share. Grawe sold life, property and RCA insurance policies worth RON79 million in 2018, 47% more than in 2017, according to the company.
Despite an increase in turnover, Grawe reported 38% higher loss in 2018, up to RON4 million.
In January-June 2019, general and life insurance companies sold underwritten gross premiums of RON5.4 billion, up 7.8% compared with the first half of 2018.