The value makes up one quarter of the total local market, according to an estimate made by the Insurance Supervisory Commission (CSA) at the end of 2008. The Romanian insurance market registered €1.83 billion in gross subscribed premiums in last year’s first nine months, 13.56 percent higher year-on-year. The main insurance types which contributed to the slower pace are loan and collateral, auto, and life insurances.
VIG’s premium income rose by an annual 63 percent on the general insurance segment, to over €574 mln, and amounted to €38.91 mln on the life insurance segment.
The group announced it will propose a dividend of at least €1.1 per share, similar to the 2007 level.
