Interamerican targets the top 4 in life insurance

Interamerican intends to become one of the top four life insurance companies in Romania by the end of 2008, according to the annual report of the Eureko group, the company”s majority shareholder. Interamerican ranked tenth in 2005 among life insurers, dropping two places from the previous year. Revenues from premiums on this segment stood at 5.5 million euros last year against the 5 million euros seen in 2004, reads the report of the majority shareholder. At the end of 2005, Interamerican had an approximately 2.1% share of the life insurance market, whilst the company that occupies fourth position, Asirom, had an almost 8% share. According to Eureko”s annual report, the company intends to increase and make profit on the general insurance sector in 2006. Three months into the year, the insurer saw a 43% growth in euros on the life insurance market, to 2 million euros, and a 15% drop in the general insurance market. Interamerican is aiming to become the leader of the health insurance market and intends to increase its share on this market to 30% by 2008. ZF