Omniasig announces 65% growth of subscribed premiums in 2007

The insurer posted gross profit in 2007 worth RON 40 mln, double year-on-year, and gross subscribed premiums of RON 536 mln, with payment of RON 307.8 mln.

Omniasig, part of the Austrian Vienna Insurance Group (VIG), met objectives set for 2007, namely its 2nd place on the insurance market, and development of its territorial network, which reached some 300 branches, agents and points of sale. The insurance company planned for a rise in the ratio of retail companies in its portfolio structure, both last year and in 2008, and established partnerships in 2007 with Carrefour, OMV, Petrom and PetromV.

The company’s CEO, Constantin Toma, estimated that the Omniasig Group’s market share is close to 15 percent. Omniasig has been on the Romanian insurance market for 13 years, becoming a member of Vienna Insurance group in 2005, the latter also present on the Romanian market through the Omniasig Asigurari de Viata, Unita, Agras and Asirom insurers. The Austrian group owns 98.47 percent of the company’s share capital, with the remainder belonging to Romanian companies and individuals and several foreigners. The company has 1,700 employees.