Astra-Uniqa budgets 140m-euro gross underwritten premiums

Astra-Uniqa insurance company estimates it will handle gross underwritten premiums worth 140 million euros this year, 63% more than the level seen in 2006. “The company’s objectives for 2007 are the diversification and development of its portfolio, an increase in its profitability, a continuation of territorial expansion and the development of new sales channels,” stated company representatives. Another objective targeted by Astra-Uniqa this year, is the development of the bancassurance partnership with Raiffeisen Group (RZB), as well as with other banks on the Romanian market. The insurer saw gross underwritten premiums worth 305.57 million RON (87 million euros) last year, up 81.1% against 2005. This increase allowed Astra-Uniqa to climb two places in the rank of the top 10 insurers to the 7th position. The biggest share in the total of gross underwritten premiums handled by Astra-Uniqa in 2006 was accounted for by auto liability policies (RCA) and by Green Card insurance (150.8 million-RON revenues), followed by CASCO (comprehensive insurance – 65.3 million RON), naval insurance (19.2 million RON) and property insurance (16.9 million RON).