The licensing request was submitted at the end of 2015.
Grawe has 135,000 clients on the Romanian market and the bulk of its business is generated by sales of life insurance policies. Property insurance account for nearly 15% of Grawe’s total portfolio.
Grawe underwrote 4% lower premiums, of RON47 million (over EUR10 million), in 2015. Grawe registered a profit of nearly RON4 million (below EUR1 million) in 2015, fourfold higher than the 2014 profit. Beside life insurance, Grawe also sells property insurance in Romania.