City Insurance posts 38 percent growth in subscribed gross premiums after first nine months

HomeBusiness & InvestmentsEconomicsCity Insurance posts 38 percent growth in subscribed gross premiums after first...

City Insurance posts 38 percent growth in subscribed gross premiums after first nine months

Published on

December 11, 2019

City Insurance, the leader of the general insurance market in Romania, ended the first nine months of 2019 with a volume of subscribed gross premiums of 298 million euros, an increase of 38% over the same period of 2018.

Of the total gross premiums, RCA insurance has a value of 252 million euros, and the non-RCA premiums have a value of 46 million euros.

“Our 38 percent business growth is an important performance in any industry, even more so in a competitive one, such as that of general insurance,” said Renato Szilagyi, Vice President of the City Insurance Directorate. “We simplify the work processes and we improve every day both the City Insurance portfolio of products and their quality. Then there’s innovation. We digitize with our own resources. All of the above brought us to where we are today: a total volume of premiums subscribed of almost 300 million euros and exceeding the threshold of 100,000 paid damage files.”

Post Views: 2,944

Search for an article

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

INTERVIEW Răzvan Marincoi, Generatik: “The mall is slowly turning into a media asset, not just a shopping centre”

Accenture study: 74% of consumers are ready to let an AI agent shop on their behalf

INTERVIEW Andrei Berechet, Adrem: “Data center developers will be increasingly significant clients in the next three to five years”

Romanian Police and Ursus Breweries Study: Perceived traffic safety reaches a historic high in Romania, at 66%, but the main risks remain speed, inattention,...