Asitrans slower than the market

Insurance company Asitrans has underwritten 5.75 million euros (20.8 million RON) in gross premiums in the first nine months of this year, an increase of 27% in euros on the same period last year. The growth is lower than the 38% enjoyed by the general insurance market as a whole in the first half of the year. In the first nine months of 2005, the company made net profit of more than 246,000 euros (893,000 RON), nearly double the profit posted for the same period last year. Asitrans sells general insurance and focuses on transport insurance. Its most important products are liability insurance for vehicles and general liability insurance. It paid 1.7 million euros (6.1 million RON) in indemnities, most of which being mandatory auto liability insurance claims and land vehicle insurance claims. Asitrans estimates that this year”s volume of underwritten premiums will stand at 7.5 million euros (27 million RON). ZF