Generali sees rise on general insurance

Generali, one of the largest insurance companies on the
Romanian market, ended the first nine months of this year with a
20% increase on the general insurance segment, whilst gross
premiums underwritten on the life insurance segment were slightly
down, by 0.6%. Overall, gross premiums underwritten by Generali
were up 16% in the first three quarters of last year, to 370
million RON (87.5 million euros). Premiums underwritten on the
general insurance segment amounted to 306 million RON (72.3 million
euros), while life insurance premiums stood at 64 million RON (15.2
million euros). “We continue to carefully monitor all insurance
segments because we want to see a good progression for each of them
at the end of the year. There have obviously been some products
more affected by the financial crisis, by the need for liquidity
and by the decline in living standards, as is the case of
individual life insurance, but the big challenge by the end of the
year, as well as in 2010, is to see them grow, despite the
unfavourable context,” said Marie Kovarova, general manager of
Generali Asigurari (Generali Insurance).