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January 31, 2023

Groupama Asigurari closes H1 with satisfying results

The results registered in H1 point to an 18.8 per cent year-on-year rise in gross subscribed bonuses, to RON 385 M. The rise is based on the clients’ preferences, gained through the quality of the

products and services offered, being one of the company’s strategic development directions. Volume-wise and profitability-wise the goals for 2015 remain unchanged, the company being within the parameters forecast.

Halfway through 2015, Groupama continues to be, for the third consecutive year, the most reliable insurer, with the smallest number of complaints filed to ASF from among the top 5 insurance companies: 160 complaints filed in the first six months, of which less than 9 per cent were well-grounded.

Through its policy of partnership with insured clients, physical or juridical persons, Groupama Asigurari holds strong market positions after the first half of 2015. Thus, the company is 2nd on the CASCO and 3rd on the Property insurance line, with a market share of 18 and 12 per cent respectively.

Its solvency rate, in line with Solvency I regulations in force until December 31, rose from 146 per cent at the end of 2014 to 150 per cent on June 30. Forecasting the coming into force of Solvency II regulations in early 2016, the capacity of the reinsurance contract signed with renowned companies such as Hannover Re, Scor and Swiss Re was hiked in July, so that today the solvency rate in line with Solvency II regulations is at a satisfying level and significantly above the 100 per cent level.

“After 2014, the year the company entered profit, the first half of 2015 has meant continuity. We reconfirmed our profitability goals, we strengthened our position on the market and on the business lines we want to develop, we continued to be the top 5 insurer with the fewest complaints at the ASF, we prepared for the coming into force of Solvency II regulations and this brings us closer to the goal of winning the Romanians’ preference. In the second half of the year we will develop new projects and partnerships, while maintaining our profitability and solvency goals, that would allow us to offer our clients continuity in case an unforeseen event takes place,” Groupama Asigurari CEO Francois Coste, stated.

Groupama Asigurari is one of the leaders of the Romanian insurance market, being well-known for the quality of the services and flexible solutions it offers to over 1 million individual clients and 67,000 corporate clients.

Member of an international insurance and financial services group that has 34,000 employees and serves 13 million clients at global level, Groupama Asigurari centres its development strategy on its most important partner – its client –, developing for him simple and flexible products and services that can adapt to his needs in order to ensure the continuity of his plans when unforeseen events occur.

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