The two insurance companies in Romania reported gross underwritings of EUR93.8 million under IFRS, 3.4% lower than in 2019, as the group took measures to reduce the weight of third-party motor vehicle insurance in its portfolio.
On the non-auto segment, the group reported underwritings of EUR33.7 million, up 11% on the year.
The life insurance segment was driven by traditional life insurance, which grew nearly 5% on the year in 2020. Life insurance underwritings stood at EUR17.1 million, down 3% on the year.