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June 25, 2021

Unit-linked insurances, the best evolution in the portfolio of Generali Asigurari in 2010

In 2010, insurance company Generali Asigurari achieved a growth of 8 pc in the life insurance segment, reaching a volume of gross subscribed premiums of RON 91 M. According to a press release issued yesterday, the best evolution (+19 pc) was registered by the unit-linked segment, followed by traditional individual insurances (+7 pc) and group insurances (+3.5 pc). Two significant achievements of 2010 were consolidating the customer base and reducing the cancellation rate of life insurances. “We are very pleased with the performance we achieved in the life insurances segment, which ranges – according to experts’ estimations – above the market average. (…) In 2011, we will continue to develop life insurances, but we will also support other business lines with development potential, such as home insurances, tourist assistance, corporate insurances and insurances against damage to properties,” said Marie Kovarova, CEO Generali Asigurari. The company posted for last year a total volume of gross subscribed premiums worth RON 440 M, 13 pc under the result of 2009. The segment of general insurances dropped by 17 pc from the previous year, to RON 349 M. The decline of subscriptions was determined by the general involution of the auto market, in particular of the leasing sector, against a general decrease of population’s incomes. Despite the decline experienced by general insurances, the company scored important growth in other, non-auto, lines of business: credits and guarantees (+155 pc), tourist assistance (+154 pc), professional civil liability (+15 pc), home insurances (+8 pc) and industrial insurances against the risk of fire (+6 pc).

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