EXCLUSIVE: The top of insurance companies after the first six months of the year
 After the first six months of this year, the Romanian insurance market amounted to EUR 1.04 billion, equivalent to RON 4.33 billion, according to preliminary data collected from insurance companies by INSURANCE Profile Specialty Review.
Thus, the insurance market recorded a decrease of 3.86%, compared to H1/2009 (editor's note: in the first quarter of 2009, the market totaled, according to the magazine, about EUR 1.09 billion - RON 4.59 billion).
On the main insurance classes, life insurance generated 18.9% of the total insurance market (EUR 197 million), a nominal increase of over 5.2%. On the other hand, underwritings recorded on the general insurance have dropped, according to estimates, in euro, by 5.8% (underwritings of EUR 847 million).
ASTRA Asigurari remains the leader of the insurance market after the first six months of this year, consolidating its position gained in the first quarter with a business growth in euro of around 44% and under the circumstances of the decrease of underwritings of ALLIANZ-TIRIAC (second place) and OMNIASIG (third position).
ASTRA advanced two positions, compared with H1/2009, the market share of the company exceeding 16% (equivalent to a volume of written premiums of around EUR 139 million).
On the life insurance chapter, ING Asigurari has scored, in H1/2010, an increasing evolution of underwritings of about 8%, the market share of the insurer increasing from 32.82% in H1/2009, to 33.61% in the first six months of this year.
Also, BCR Asigurari de Viata has recorded the most spectacular growth of business volume on this segment (85% in euro), as the insurer holds a market share of around 19%, up more than 4 percentage points compared to the period January-June 2009.
Author: Vlad BOLDIJAR
on 25.08.2010
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