“We are optimistic about 2015, as regards the development of our company and of the entire market, which settled down in the first quarter,” said Mihai Tecau, president of Omniasig Board of Directors. Romanian insurance market grew by over 7% in the first quarter.
Underwritings increased by 34%, at over RON164 million on the mandatory car insurance (RCA) as well as on the voluntary car insurance CASCO segment. Car insurances represent two thirds of the company’s portfolio.
On the property insurance segment, the second most important sector for Omniasig, underwritings stood at RON50 million in the first quarter, up 5% from a year before and accounting for 20% of total company’s underwritings.
Omniasig paid total damages of RON120 million in the first quarter.
VIG owns Omniasig, Asirom, and BCR Asigurari de Viata in Romania. VIG posted total premiums of RON445 million (EUR100 million) in Romania in the first quarter.
(English version by Manuela Panescu)