Asigest focuses on the provinces in 2006

Insurance broker Asigest handled insurance premiums worth 18.5 million euros, an increase of 15% against the level seen in 2005. “The growth was prompted by the focus on non-leasing insurance by directly addressing medium-sized corporate clients,” stated Antonio Souvannasouck, managing partner of Asigest. He believes local insurance brokers should have a slightly different approach from their competitors in order remain competitive for the future. “In 2006 we focused on horizontal development, consolidated our offices outside Bucharest, entered the niche market of agricultural insurance by setting up Asigest Agri and invested in the Republic of Moldova by acquiring a local broker,” says Souvannasouck. Asigest works with 12 insurance companies including Allianz, Omniasig, Asiban, Generali, BT Asigurari (BT Insurance) and FATA Asigurari (FATA Insurance). With a 6% market share, the insurance broker posted a 0.6 million-euro operating income.