Grawe, which has been operating in Romania for 15 years, underwrote gross premiums of RON47 million in 2015, down 4% on the year, and reported a net profit of nearly RON4 million, fourfold higher on the year.
Besides life insurance, Grawe also sells property insurance in Romania.
In December 2015, Grawe Romania Asigurare submitted at the Financial Supervisory Authority (ASF) the files needed to get its license for two categories of insurance, namely, insurance for terrestrial means of transportation other than railway (voluntary insurance CASCO) and civil liability insurance for vehicles (RCA + CMR).
Grawe has 135,000 clients on the local market.