“I hope we will succeed in consolidating the market. We have a plan we are going to implement after getting the approvals and we will try to seal an acquisition or two on the market. We will try to buy brokers that we should be able to integrate so as to reach a market share of around 20%,” added Viorel Vasile.
He specified the company’s intention is to expand its offering on the health and life segments in the coming years.
In terms of business model, Safety Broker is the only broker also owning branches. Thus, half of its business is brought by branches, with the other half generated through partners.
Safety Broker ended the first 9 months of 2021 with gross underwritten premiums worth RON531 million, up 29.1% against the year-earlier period.
(English version by Catalina Apostoiu)