About us  Contact  Site Map   Login   

HomeInsurance marketEventsPublicationsXPRIMM TV  
 Insurance Brokers 
 Interview of the week 



ATRADIUS enters Romanian and Bulgarian markets

ATRADIUS - the second largest provider of credit insurance in the world, announced it expanded its international presence with two new locations in Bulgaria and Romania, as a part of the company's global expansion strategy.

Effective immediately, the two new locations are in the capital cities of Sofia and Bucharest, as the Amsterdam-based insurer announced in a statement.

"Bulgaria and Romania are among the most interesting growth markets in Europe and demonstrate great potential," explains Andreas TESCH, Chief Market Officer of ATRADIUS.

"In view of this, boosting our presence in these countries is the next logical step for our global expansion strategy."

The insurer pointed out that Romania's GDP has increased between 4 and 4.8% annually in recent years, which, "when compared to other EU member states, represents above-average economic growth for the country, home to 20 million people".

At present, the market volume of Romania's credit insurance industry amounts to around EUR 24 million, with an average rate of increase of currently 10% each year.

At the same time, the Bulgarian credit insurance industry's market volume, which currently sits at around EUR 6 million, "boasts a noteworthy growth rate of its own - a testament to the good potential an office in this region has".

"We want to offer our customers the best service with the greatest possible expertise in the most significant markets," explains Thomas LANGEN, Senior Regional Director for Germany, Central Europe and Eastern Europe at ATRADIUS.

"By opening the two new branches, we are not only strengthening our position in relation to local companies; it also puts us in a better position to accompany our international clients as they expand their operations in these markets."

Author: Vlad BOLDIJAR on 15.11.2017

Comment this article

Atention! "Comment" and "E-mail" are mandatory
If you are not logged on, your name will appear preceded by '(Anonymous)'. For authentication, click here
If you are logged on and you do not fill in your name, will be used the name that you used when you registered

< 10.000 car.

  Security code
Fill in the code from the image:

Copyright 2018 (c) 1asig.ro
powered by Media XPRIMM