OMNIASIG Vienna Insurance Group continued its sustainable development strategy in 2019 as well and maintained its ascending evolution from the recent years, registering an increase of approximately 11% of the gross written premiums, compared to the previous year, according to a press release issued at the beginning of this week.
Gross Written Premiums: ~1.3 billion lei
In 2019, the company’s total value of the gross written premiums exceeded the amount of 1.3 billion lei while the registered gross profit, according to IFRS reporting standards for consolidation purpose, was over 45 million lei. The total amount of the claims paid by the company in the previous year was slightly over the 820 million lei.
“In 2019 we were still focused mainly on supporting non-motor insurance segments, in line with the company’s long-term strategy of sustainable growth. The positive results and the stable evolution from 2019 underline that our strategy provides the expected effects. At the same time, for OMNIASIG, the employees have an essential role in achieving the business objectives, thus, we continuously pay a special attention to them, improving the working environment and conditions provided.
Last year we also focused a lot on the social responsibility segment, supporting the community with complex CSR and volunteering projects and actions. For 2020, we have an integrated action plan, which will allow us to adapt to the new economic context generated by the coronavirus crisis, while preserving our ascending development trend. Now, at the 25th anniversary of OMNIASIG’s activity in Romania, our long-term commitment remains the same – to make a tradition from performance, on all company’s activity segments, while maintaining our constant concern to offer quality products and services, adapted to the needs and requirements of our customers.”
Health insurances: +30%
An upward dynamic can be observed on the Health Insurance line, where the growth was over 30% compared to 2018. As a reaction to this positive evolution, the company quickly takes action in developing this segment, the most recent achievement being the launch of the new group health insurance called OMNI+, a new concept adapted to the market dynamics and to customers’ needs. The result emphasizes the fact that this segment becomes more and more a priority for OMNIASIG customers and that they understood the utility and necessity of this type of insurance.