CASCO insurance policies generated the largest share of revenue – RON160.32 million, up 2.7% from September 2010, followed by RCA civil car liability insurance – RON71.12 million, compared with RON114.92 million in the first nine months of 2010.
Fire and natural disaster insurance policies gained 69.6% in the period, reaching RON51.02 million.
UNIQA Asigurari paid damage claims worth RON164.91 million for CASCO policies (down 10.2% on the year), RON90.49 million for RCA policies (down 17%).
The company’s portfolio included 440,660 policies active at the end of September, of which 139,846 were RCA policies, 58,278 – CASCO and 141,191 – fire and natural disaster insurance.
Compared with June 30, the number of RCA and CASCO policies dropped 6.7% and 20.4%, respectively, while the number of fire and natural disaster insurance policies increased by 19.4%.
UNIQA Asigurari (formerly Unita) is one of the top ten players on the local insurance market.
Last year, underwritten premiums dropped 12.9%, to RON432.4 million, and the insurer switched to loss, with RON56.1 million in the red, from a net profit of RON2.48 million in 2009.
The company has a share capital of RON320.26 million, entirely owned by the Austrian group UNIQA, which also owns Uniqa Asigurari de Viata (formerly Agras).
Romania’s general and life insurance market fell 3.71% in the first nine months of the year to RON6.08 billion, due to a 5.89% drop in general insurance underwritten premiums, to RON4.8 billion, according to the preliminary data of insurance regulator CSA. (EUR1=RON4.3525)