Allianz-Tiriac policies generated subscriptions worth €293.4 mln

"The rise was mainly due to the positive evolution of revenue obtained from selling insurance for goods and property, and car insurance - Casco and third party liability insurance," according to company officials. They added that on the life insurance segment, insurance policies with an investment component had a "remarkable evolution", and generated a 44 percent annual increase in revenue.

On the general insurance segment, Allianz announced subscriptions worth €271.2 mln, some €55 mln more than in the January-September 2006 period.

The Allianz group registered close to €3 billion in revenue obtained from premiums in Central and Eastern Europe in the first three quarters of 2007. "Operations with general insurance maintained their high level of profitability. The volume of subscribed premiums registered a remarkable growth rate, of 55 percent," said Werner Zedelius, member of the Board of Directors of Allianz, responsible for the group's activities on emerging markets.