RCA insurance policies generated revenues of RON94.3 million and CASCO policies generated revenues of RON167.2 million, according to data sent by Omniasig to the National Union of Insurance and Reinsurance Companies in Romania (UNSAR).
Omniasig failed to provide data regarding its revenues from underwritings on the two car insurance segments in the first half of 2012.
Company data also show that Omniasig paid total damages of RON439.91 million in January-June this year, of which RON408.7 million on the RCA and CASCO segments. Damages totaled RON298.4 million on CASCO segment and RON110.29 million on RCA segment.
According to UNSAR data, Omniasig paid damages of RON498.8 million on the segment of car insurance policies in January-June 2012, of which RON316.5 million for CASCO and RON182.3 million for RCA.
Damages paid by the insurer on the two car insurance segments decreased by 18.1% on the year in January-June 2013.
Omniasig’s underwritings on all categories of insurance totaled RON437.96 million in the first six months of the year, down 20.2% from 2012, while damages fell 17.6% to RON439.91 million, according to UNSAR.
With a share capital of RON386.5 million, Omniasig is the second largest insurer on the Romanian market by underwritten premiums in 2012.
Omnniasig is part of Austria’s Vienna Insurance Group, which owns more than 99% in the insurer. (EUR1=RON4.4653)