The life and health insurance company ended 2024 with a volume of gross written premiums of over RON315.6 million, up 15% year-over-year, and the general insurance company saw a 17% increase to over RON108.6 million.
The portfolio includes health, life and general insurance products for both individual and corporate clients. In 2024, corporate insurance saw the biggest growth in the portfolio of the SIGNAL IDUNA companies. The segment of health insurance for employees advanced by 8%. Property and goods insurance saw a 22% surge, general civil liability insurance witnessed a 13% spike and professional liability insurance for legal entities saw a 23% increase.
The segment dedicated to individual clients had a significantly positive performance in 2024. Property and goods insurance climbed 13%, unit-linked life insurance increased by 44% and the segment of individual health insurance saw a 46% surge in the number of contracts for hospitalization and oncological diseases.
The comprehensive auto insurance (Casco) soared by 37% as a result of repositioning the product on the Romanian market, which attracted a greater number of clients.
SIGNAL IDUNA Group is one of Germany’s largest financial groups established over 110 years ago. Currently, SIGNAL IDUNA operates on the insurance markets in Germany, Poland, Hungary and Romania.
SIGNAL IDUNA has been active in Romania since 2008.