Of the RON19 million loss, about 99.4%, or RON18.9 million, came from the auto liability insurance (RCA) area, and the rest from the credit and guarantee insurance area, medical insurance, other motor insurance and assistance.
On the other hand, there were also segments of the Euroins portfolio that generated profit, such as fire and other property damage insurance, income protection insurance, general liability insurance and marine, aviation and transport insurance.
Compared with 2020, the loss recorded by Euroins in 2021 was almost 15 times lower. In the last six years, the insurer made profit in three years, namely in 2016-2018, recording the highest profit in 2017, RON99.9 million.
Subsequently, the company went from RON31.5 million profit in 2018 to a loss of RON43.6 million in 2019, according to Finance Ministry data.
Euroins Romania ended 2021 with RON2.19 billion gross written premiums, a 67.9% increase on 2020, which is the highest growth rate in the volume of gross written premiums in the last ten years.
Overall, from 2012 to 2021, the volume of gross written premiums of Euroins increased five times.
(English version by Loredana Fratila-Cristescu)