ARDAF targets top 10

ARDAF insurance company collected 808.2bn ROL ($24.3 million) in gross premiums in the first nine months of the year, with most of the revenues derived from general insurance ($23.64 million). The life insurance share in the total went up towards 3%, with gross premiums collected having increased 195%. Revenues derived from gross underwritten premiums amounted to 855.7bn ROL, with life insurance contributing 34.1bn ROL. ARDAF’s net profit at the end of September amounted to 28.9bn ROL, while turnover reached 882.4bn ROL It settled 354.4bn ROL in claims in the first nine months of the year. “We hope we’ll collect some $34 million in insurance premiums. I cannot make an estimate of the net profit because the yearend is less predictable. I anticipate that the trend in the first nine months will put us among the top ten players on life insurance market,” Steluta Racolta, ARDAF’s chairperson said. General insurance-related gross premiums collected rose 51%, with the professional liability, farming, aviation, construction-assembly works, financial risk, building and content and Green Card insurance as the most dynamic. ZF