“We will most likely exceed the subscribed gross premium estimates of €400 million on the general insurance segment in current international crisis conditions. On the life insurance segment our estimates indicate income worth some €37 million, and we are optimistic of exceeding this objective,” said General Manager Cristian Constantinescu.
Allianz-Tiriac is focused mainly on profit, since the market could post similar losses as in 2007, of some €76 million. The company lost many clients in 2007, said Constantinescu. The impact of the international crisis will be felt especially on the Romanian unit-linked insurance market, according to the Chairman of Allianz-Tiriac’s Board of Directors, Klaus Junker.
The company was market leader in H1, with a 15.8 percent market share. There are 43 companies on the Romanian insurance market.
