BUSINESS ECONOMY FINANCE&BANKING

Groupama Asigurari achieves its strategic goals assumed for 2017, amid the significant growths on the Life Insurance, CASCO and Property segments

The year 2017 was a good year for Groupama Asigurari, a year in which the outcomes in terms of clients’ satisfaction have increased, while the number of claims remained the lower on the market for the 5th year in a row, a year in which the company has been recognized as Top Employer, the only one in the Romanian insurance market, and a year in which innovation and development investments have brought their contribution to success.

In their turn, the financial results are in line with the strategic goals assumed for 2017, recording significant growths on the following segments: CASCO (+10%), Property, including Agro (+8%), and Life Insurance (+8%). Thus, the company reasserts a leadership position and the focus on the optional insurance field, where the quality/price ratio is determinant.

“Groupama Asigurari has ended a new year achieving its assumed strategic goals, which reconfirms the fact that the values to which we are loyal and that guide our activity – solidarity, proximity, responsibility and performance – are an important and relevant promise for our clients. Our strategy proved to be a successful one, therefore Groupama Asigurari continues to be a reliable partner that provides high quality services against a fair price, and which is close to its clients in unforeseeable moments, when they need us the most, ensuring the continuity of their personal and professional plans” stated François Coste, CEO at Groupama Asigurari.

The value of the subscribed gross premiums has reached RON 924 million in 2017, while the Non-Life insurance contribution was RON 890 million, given that increases have been registered on all of its components. The growth compared to the previous year, RCA excluded, was 11 percent, while the total result was similar to the one of the previous year.

Thus, the CASCO insurance have reached RON 394 million, amid an annual growth of 10%, while the subscribed gross premiums on the Property (including Agro) segment were of RON 209 million, increasing by 8%. Health and Accident Insurance continues the impressive double-digit dynamics (a 38% annual growth), up to RON 32 million, confirming the high potential of this business line. The Other Non-Life Insurance line also recorded high performances, especially for the Transport and CMR (Freight Transport) and Travel insurance, increasing by 12% in 2017 compared to 2016, up to RON 43 million.

The subscribed gross premiums on the Life insurance line was 7% higher in 2017 than in the previous year, the development of this line being one of the assumed priorities of the company.

In 2018, the Groupama Asigurari team will focus on strengthening its Top Employer position, continuing its differentiation strategy through innovative products, flexibility and high quality services against a fair price.

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