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Bucharest
January 23, 2021
BUSINESS

Generali Romania closes 2015 with growing turnover and on profit

“Generali Romania closed 2015 with a turnover growing by 5 percent compared to the year before, maintaining a healthy business supported by a balanced portfolio 50 percent of which consists of non-auto insurances and 50 percent of auto insurances. Coming on top of all this is the fact that Generali Romania posted profit for the third consecutive year, proving that it managed to successfully close the difficult restructuring period it went through, thus creating the premises for durable development which has the client at the centre of attention,” Generali Romania CEO Adrian Marin stated.

Generali Romania’s total volume of subscribed bonuses climbed to RON 485 M in 2015, up by 5 percent year-on-year.

General insurances, which represent 85 percent of the company’s total turnover, grew by 7.7 percent year-on-year, to RON 414 M. Important growth was registered on the insurances for SMEs segment, professional claims insurances, travel insurances and health insurances. The general corporate insurances turnover dropped slightly compared to the year before, because Generali Romania remained consistent with its cautious subscription policy. Casco auto insurances grew by 8.8 percent in the company’s portfolio, to RON 183 M.

In 2015, Generali Romania reported a net profit, in line with local standards, of RON 68 M. The improvement of the profit is due to the technical result from general insurances, result generated by the growth of subscribed bonuses and the improvement of indicators such as the loss ratio and expenditures ratio.

In 2016, Generali maintains the ambition to grow on the non-auto segment, however without neglecting the auto segment that dominates the local market. However, in what concerns the latter, Generali will continue to have an adequate subscription policy, offering fair prices correlated with the risks assumed and aiming at profitability.

This year is the year in which General Romania will give even more attention to its clients, focusing on improving its services.

“We want to be present with our insurance solutions, where our clients are, and that is why we will invest more in the digitalization area. We want to come up with simple, clever solutions and with extra-benefits for clients. We will focus on customer retention and will make efforts to gain their loyalty through actions, services and offers in relation to the value of each of the clients in our portfolio,” Adrian Marin pointed out.

In order to maintain a healthy business over the long term, Generali will continue to invest in its own marketing strength, in developing relations with partners, and will support, through its actions, the strategy of the Group that seeks to become retail leader in Europe.

 

 

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