Garanta logs record H1 premiums

Insurance premiums underwritten by Garanta Bucharest during the first six months of this year reached 191.2 billion ROL (4.7 million euros), close to the value posted for the entire year 2003, when the company reported premiums underwritten worth 209.1 billion ROL. The volume of gross premiums underwritten related to general insurance came to 180.8 billion ROL, 213% higher as compared to the corresponding period of last year, while life policies were worth 10.5 billion ROL, 97.5% more as compared to June 2003. First-half results indicate that estimates included in the company’s S&R budget have been exceeded by 25%. “We plan to strengthen our partnership with Banc Post, the main Romanian shareholder of Garanta this year and to further collaborate with Banca Romaneasca (Romanian Bank), which has recently become a member of the National Bank of Greece Group, by providing their customers with bancassurance products,” said the company’s general manager, Daniela Grigore. ZF