Gothaer ended 2017 with a 22 per cent growth in GWP

Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

2018-02-19 12:41:57

The indemnities paid in 2017 amounted to almost 60 million RON, with an average payment term of 4.2 days for Motor Hull, and 3 days for Property (since submission of the last document and until actual payment), and zero grounded complaints.

Gothaer marks 5 years of activity in Romania with more than 375,000 unique insured clients, approx. 50 million Euro paid under more than 32,000 claim files, more than 300 business partners selling the company's products, more than 200 employees pursuing the mission of Gothaer in Romania.

Still undergoing the growth and development phase, Gothaer Asigurari Reasigurari closed 2017 with a 22 per cent growth in Gross Written Premiums, up to 119 million RON. The key drivers of growth in 2017 were Motor Hull (7.9 million RON), with a 20 per cent increase vs. 2016, and Bonds (3 million RON), going up by 44 per cent vs. the previous year.

"We celebrate 5 years of Gothaer in Romania. Five years during which we have laid the foundations of an insurance company which is trusted by its clients and is also their first choice thanks to the claim services provided, as well as to the wide range of products they can choose from. The long-term strategy we have guided ourselves by, the engagement of the Gothaer team, as well as the support we have received from our business partners in all this time remain the key pillars of our development", said Anca Babaneata, CEO, Gothaer Asigurari Reasigurari.