F.A.T.A. targets 5m euros from farming insurance

F.A.T.A. Asigurari Agricole (F.A.T.A. Farming Insurance), the Italian insurance company that entered the Romanian market last year by taking over Asigurari Global, intends to underwrite gross premiums worth over 5m euros this year. ” Given that in the two months since we became operational, we have seen higher underwriting than companies with a long presence on the farming insurance market, our ambition is to be the leader in this field of insurance,” stated Anghel Burghila, general manager of F.A.T.A. Asigurari Agricole. The company last year handled gross underwritten premiums worth 1.6bn euros. “We are relying on structural funds, which will impose a concentration of surface areas and a specialisation of products that are in demand on the market,” Burghila added.