The company’s results were impacted by a EUR2.9 million fine applied by Romania’s Competition Council at the end of 2018. Uniqa contested the decision of the antitrust watchdog, but included the entire cost as provisions in its 2018 balance sheet.
Life insurer Uniqa Asigurari de Viata saw a 37% increase in life insurance policies, compared with the previous year, reporting gross premiums underwritten on this segment of EUR16.7 million.
According to data previously reported by the Austrian group, Uniqa, one of Austria’s largest insurers, sold insurance policies worth nearly EUR93 million in Romania in 2018, 4.8% fewer than in 2017.
Overall, the two companies held by Austria’s Uniqa Group ended 2018 with underwritten gross premiums of EUR92.7 million generated by an increase in portfolio on profitable insurance segments, while the motor vehicle liability (RCA) segment fell 58%, compared with a year before.