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December 3, 2022

Asirom stakes on underwritten premiums hike of 5-7 pc in 2012

Asirom plans to hike its revenues from underwritten premiums by 5-7 per cent this year, up from RON 627.9 M in 2011, and to attain a net profit similar to the one registered last year (RON 7.2 M), Asirom Directorate President Mariana Diaconescu stated yesterday during a press conference. “For Q1 of 2012 the gross underwritten premiums totaled RON 23 M for life insurances,” she added. “Since January we note a drop in the volume of RCA insurances, a rise in CASCO insurances, a rise in property insurances and a rise in agricultural insurances, but it’s too early to say how things will go at general level by the end of the year. Third quarter results are those that show how the year will end for that company, and in Asirom’s case the month of December, when the RCA campaign takes place, is very important for the dynamic of the underwriting activity,” Asirom’s representative explained.Last year Asirom reported total gross underwritten premiums of RON 546.14 M on the general insurance segment, up by 24 per cent compared to 2010. Gross underwritten premiums on the RCA segment totaled RON 290.9 M in 2011, up by 80 per cent compared to 2010. A drop of 22 per cent to RON 129 M was registered in the case of CASCO insurances, and a hike of 13 per cent to RON 96 M was registered on the property insurance segment last year. “Also, the damages paid by Asirom totaled RON 276 M in 2011 on the general insurance segment, down by 17 per cent compared to 2010. The damages paid for RCA grew by 2.3 per cent to RON 145 M in 2011, while in the case of CASCO the damages dropped by 33 per cent to RON 88.6 M in 2011,” Mariana Diaconescu pointed out. Asked about the fine that the Romanian Insurance Supervisory Commission (CSA) applied, Mariana Diaconescu stated that she is not able to comment on this aspect for the time being. “After we receive the documents we will decide what to do next,” Diaconescu stated. Last week the CSA applied total fines of RON 80,000 against seven insurance company directors after registering hikes in the number of complaints filed by the companies’ clients in the first five months of the year. Mariana Diaconescu and Asirom’s Damages Director Ovidiu Vadean each received a RON 10,000 fine.

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