“I will propose attracting new funds for a better capitalization of the company and listing is not excluded. Listing might turn PAID Romania into a more visible company,” Tudor said.
PAID’s portfolio included some 426,000 insurance policies at the end of September, from 330,103 contracts at the end of 2012.
PAID was set up in 2009. Its largest shareholders are insurers Astra, Groupama and Platinum, each with 15% of the shares. Generali Romania controls an 11% stake in PAID and ABC Asigurari, Carpatica Asig, Certasig, City Insurance, Credit Europe Asigurari, Euroins, Grawe Romania and UNIQA Romania hold 5.5% of the shares each.
PAID started selling mandatory home insurance policies in July 2010.
There are some 8.5 million homes in Romania.