In 2010, the company managed 602,798 contracts, including 351,363 were RCA policies.
The local subsidiaries of foreign insurers have said repeatedly in recent years that they would reduce their exposure on the RCA segment, because of losses caused by low premiums charged by other companies. Revenue from RCA policies dropped by 17.3% in 2011, to 2.06 billion lei (EUR448 million), and the segment’s market share shrunk to 33.26% from 37.57%.
UNIQA Asigurari’s revenue from underwritten premiums also decreased by 11.3%, to RON383.35 million, from RON432.39 million in 2010. The lower turnover meant the company posted losses of RON73.1 million in 2010, 30.3% higher on the year.
Between 2001 and 2011, the company posted losses every year, with the exception of 2005, when it made net profit of RON283,641.
UNIQA Asigurari is owned by Austrian financial group UNIQA, which also controls UNIQA Asigurari de Viata (formerly Agras). (EUR1=RON4.5885)