According to Coste, 2022 will be the year when we will witness market rearrangement and a rebound of consumer confidence in this industry.
The high degree of concentration and dependency on car insurance are still a vulnerability, he recalls.
Groupama head also explained that recent years have brought a lot of challenges and many of them will most likely be visible in 2022 as well.
The company aims to grow on the non-RCA segment, but it will also maintain a profitable growth pace in Casco and RCA.
Groupama Asigurari ended the first nine months of 2021 with gross underwritten premiums worth RON920 million, up 16.3% from the year-earlier period. The company ranks fifth among the biggest general and life insurance companies in the first nine months of 2021.
(English version by Catalina Apostoiu)