Carpatica Asig doubles business in 2006

Insurance company Carpatica Asig saw gross underwritten premiums worth 112.8 million RON (32 million euros) in 2006, twice more than in 2005. “The growth from 2005 stood at 104.28% and was partly due to territorial expansion, to the prices operated, as well as to the expansion and renewal of our car fleet,” stated representatives of the marketing department of Carpatica Asig. The policies in the company’s portfolio, which witnessed the biggest growth were auto liability insurance policies (RCA), 107.83% and comprehensive insurance policies (Casco), 85%. “The policies with most indemnities paid in 2006 were auto liability insurance policies, totalling 23.3 million RON and comprehensive insurance policies, totalling 23 million RON. These policies experienced growth as they account for a significant percentage in the company’s portfolio,” stated Ciprian Teodorescu, manager of the department that handles auto liability insurance within Carpatica Asig.