Omniasig business increases by 15%

Omniasig, an insurance company which is a member of the Austrian group Vienna Insurance, saw a 15% increase of its business in euros, to nearly 36 million euros (128 million RON). In the first quarter of 2005, the insurer registered gross premiums worth 31.2 million euros (115.9 million RON), a 30% increase in euros. Auto liability insurance accounts for over 40% of the company”s portfolio. Compared with the first three months of 2005, premiums underwritten grew by 10% to 15.4 million euros (54.7 million RON). The pace of growth for businesses in this segment slowed down against the same period of last year, when the auto liability segment saw an increase of almost 20%. The sales of Green Card insurance (civil auto liability insurance for abroad) stood at 9.7 million euros (34.7 million RON) in the first quarter. On the comprehensive auto insurance segment, Omniasig registered underwritten premiums worth almost 9.2 million euros (32.7 million RON), almost 28% more in euros against the first three months of last year. ZF