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July 31, 2021
BUSINESS

Groupama launches extra coverage home insurance

French insurance group Groupama’s Romanian subsidiary yesterday launched a home insurance policy with extra coverage called ‘extra coverage home insurance’, containing elements allowing customers to choose several types of insured risks, including asset insurance, against damages caused by third parties, legal insurance, personal insurance or holiday insurance. “The product is available in various commercial variants – Eco, Medium, Premium – depending on customer needs, who can have their homes insured, but also their valuables, assets, leisure equipment, holidays or school items,” Marie Sarraute, Marketing Department Technical Director at Groupama Asigurari, told a press conference. The premium takes into account the money equivalent of the insurance, chosen options, geographic area, family franchise or structure. For 2009, Groupama posted a 10.9 per cent decline in its Romanian business turnover, to EUR 209 M, as a result of the difficult, crisis-induced, economic context. The group specified its asset insurance business fell 7.9 per cent last year, given the economic crisis.

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