Generali Asigurari - 190% more in premiums

Generali Asigurari Romania (Generali Insurance Romania), a member of the international group Generali, saw gross underwritten premiums on the non-life insurance segment worth some 16.4 million euros (57.4 million RON) in the first quarter of 2006, a 190% increase against the same period of last year. Gross premiums underwritten from the life insurance business in the first quarter of the year are worth some 2.7 million euros (9.39 million RON), a 133% increase against the same period of last year. Tudor Moldovan, general manager of Generali Asigurari, stated that by the middle of this year, revenues from non-life insurance will exceed the level of underwriting in 2005, which totalled some 28 million euros (100 million RON). On the life insurance market, it is anticipated that revenues will be worth over 10 million euros (36 million RON) in 2006, compared with 5.6 million euros (20 million RON) in 2005. Moldovan added that, as of September, the company would enter the unit-linked life insurance market by launching three investment programmes in RON and three in euros. ZF