By business segments, Uniqa Asigurari reported an 8% increase on the non-auto insurance segment on the year in the first quarter of 2021, seeing gross underwritings of EUR9.2 million, under the IFRS.
Life insurer Uniqa Asigurari de Viata ended the first quarter of 2021 with a 25% increase in sales, with the volume of gross underwritings on the life insurance segment reaching EUR5.8 million, under the IFRS.
Improved results for the life insurance activity target mainly the bancassurance segment, with an increase of 45% in sales in the first three months of 2021, compared with the year-earlier period. The sale of traditional products has also continued to sustain the recovery on this segment, with an increase of 16% in the first quarter of 2021, compared with the same period in 2020.
The two companies within Uniqa Group ended the first quarter of 2021 with an optimized level of administrative costs, which is 7.8 percentage points below the level reported in the same period in 2020.
The total value of damage claims paid by Uniqa in the first three months of 2021 amounts to EUR15.7 million, up 19% from the level reported in the same period in 2020.
Uniqa Group entered the Romanian market ten years ago by acquiring a 27% ownership participation in then-bankrupt company Astra Asigurari. In 2009, Uniqa acquired the company Unita, the current Uniqa.