Delta Asigurari targets 15% premium increase

Delta Asigurari (Delta Insurance) saw gross underwritten premiums worth 7.14 million RON (about 2 million euros), up 10% against the level achieved in 2005. The growth was the result of the portfolio diversification, with group insurance accounting for most of the portfolio, the company representatives say. The operating income estimated for 2006 stands at 2.5 million RON (714,000 euros). The company is controlled by Tabor Projects Limited (92%), a company registered in the UK. Other shareholders are Petrom’s Employees Association, which holds 7.9% of the shares and individual shareholders – Gheorghe Supeala, Sorin Freciu and Marian Tudoroiu. Delta Asigurari has a 13,000,000-million RON (3.7 million-euro) share capital. Indemnities paid by the company last year totalled an estimated 850,000 RON, 90% of which were for group policies, not a significant increase against sums paid in 2005. For 2007, company plans target the launch of new products, as well as entering the health insurance market and a 15% growth on premiums.