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VIG business down 12.8% to 536m euros last year
27.01.2011, 00:05 | Insurance | 1034 views
Austrian insurer Vienna Insurance Group (VIG), which controls Omniasig, Asirom, BCR Asigurări and BCR Asigurări de Viaţă on the Romanian market, underwrote gross premiums of 536 million euros from operations conducted in Romania, 12.8% less than in 2009. Financial data are preliminary, having yet to be audited. The company's turnover was affected by the decline of gross premiums underwritten on the general insurance segment, which fell by 16%, while life policies went up by 8.2%. General insurance premiums amounted to a total of 442.5 million euros, while life insurance premiums reached 93.5 million euros. Read more on ZF.ro
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Latest news in category Insurance
Yesterday, the prosecutors searched 49 "Omniasig" branches, on suspicions that the CEO and over other 40 executives forged over 1 million insurance policies, just one day after Peter Hagen, the head of Vienna Insurance Group (VIG), which the insurer belongs to, said that he was not worried by the state of the Romanian insurance market, which has been shaken lately by resounding scandals, such as Astra or Carpatica Asig. read more...
Insurance companies owned in Romania by Vienna Insurance Group recorded gross subscribed premiums of 134.5 million Euros, down 7% over the corresponding period of last year, and the losses of the group on the Romanian market fell to 2.7 million Euros. read more...
Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to new rules issued by regulator CSA. read more...
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