For 2016, the company targets 5% revenue growth and a RON27 million profit, by strengthening its position on the segments of voluntary insurance CASCO, home and property insurance.
“We want a profitable and sustainable growth on the medium and long term while we continue to acquire Romanians’ preferences, and the 2015 results show us we are on the right way,” said François Coste, Groupama Asigurari general manager.
The company has strengthened its position on the agriculture insurance segment, where it ranks first. Groupama Asigurari also ranks second on the CASCO segment and third on the Property segment.
On the business segment, the non-life (general) insurances rose 14% on the year to RON759 million. CASCO segment remained stable at RON336 million, while Property segment, including Agro, rose 16% to RON191 million.
On the life insurance segment, the company’s underwritten premiums rose 6% to RON46 million.