Asito Kapital: 8.7m-euro gross underwritten premiums in 2006

Insurance company Asito Kapital (the former Lukoil Asito), an affiliate of petroleum group Lukoil, last year underwrote gross premiums worth 30.6 million RON (8.7 million euros), up 20% against 2005. The company saw an increase below the over 30% overall level of the insurance market in 2006. “The growth was driven by the increase of revenues from clients outside the group. The biggest increase in 2006 was recorded by insurance policies for car accidents involving people and Cargo insurance (insurance for sea transport), with the former seeing a 5.98% increase, and the latter a 2.57% one,” Marcel Pirciog, general manager of Asito Kapital, told ZF. The company last year paid indemnities worth 12.9 million RON (3.66 million euros), 3.59% more than in 2005. “The most indemnities were paid for comprehensive policies (CASCO), and the biggest one for damage that occurred at the end of 2005 and was worth 1.75 million dollars,” said Parciog.