BCR Asigurari posts 155m-euro turnover in 2008

BCR Asigurari, one of the largest companies on the Romanian market, ended last year with turnover worth around 560-570m RON (152-155m euros), according to preliminary company data. The insurer’s business has thus remained the same as last year, when its gross underwritten premiums amounted to almost 560m RON (167.8m euros), with the company seeing a decline in euros, due to the RON depreciation. “Our gross underwritten premiums stagnated because we no longer concluded financial risk insurance contracts, which in 2007 accounted for almost 35% of the overall contracts. For this year, we estimate a 10-15% rise, but we are still discussing the budget,” said Mihai Tecau, general manager of BCR Asigurari, which specialises in general insurance.