Generali life insurance premiums double

Generali Asigurari saw the premiums on the life insurance segment double in the first nine months of the year compared with the same time in 2004 to 4.1 million euros (14.8 million RON). This increase was also due to the development of the network that sells traditional life insurance policies, as well as to the increase in the sales of the Employee Benefits-type policies. “Whereas we were closing contracts for such policies with only two companies per month early this year, we have now come to sign two contracts a day,” Tudor Moldovan (photo), the company”s general manager explained. The gross premiums underwritten by Generali on the general insurance market rose by 39% compared with the first nine months of 2004, to 21.2 million euros (77.7 million RON). ZF