Omniasig sells 20,000 home policies

Omniasig insurance company estimates to end the year with 20,000 home insurance contracts concluded compared with the 15,700 it had in 2003, Omniasig’s head of the industrial and property insurance department Catalin Tabacaru said. The insurance of homes accounts for only 1.5% of the total product portfolio of Omniasig, yet if looking at the total volume of gross premiums subscribed, this category was one of the most dynamic of all the insurance types the company sells. Gross premiums subscribed for insurance of homes registered a substantial growth of 78% for the first 11 months of 2004, to more than one million euros (some 41bn ROL), said Fanel Plopeanu, Omniasig’s vice-chairman and deputy chief executive. Tabacaru believes this growth is largely due to the commercial banks, which demand such insurance for collateral purposes. ZF