Omniasig registered an increase of 11% of the gross written premiums

  • The total value of the gross written premiums increased in 2019 by approximately 11%, sustained by a solid evolution in the Health, Property and Motor Hull Insurance lines;
  • The gross profit, according to IFRS reporting standards for consolidation purpose, was over 45 million lei;
  • The total amount of claims paid by the company was over 820 million lei.

Omniasig continued its sustainable development strategy in 2019 as well and maintained its ascending evolution from the recent years, registering an increase of approximately 11% of the gross written premiums, compared to the previous year.

In 2019, the company’s total value of the gross written premiums exceeded the amount of 1.3 billion lei while the registered gross profit, according to IFRS reporting standards for consolidation purpose, was over 45 million lei. The total amount of the claims paid by the company in the previous year was slightly over the 820 million lei.

An upward dynamic can be observed on the Health Insurance line, where the growth was over 30% compared to 2018. As a reaction to this positive evolution, the company quickly takes action in developing this segment, the most recent achievement being the launch of the new group health insurance called OMNI+, a new concept adapted to the market dynamics and to customers’ needs. The result emphasizes the fact that this segment becomes more and more a priority for OMNIASIG customers and that they understood the utility and necessity of this type of insurance.

In line with the company’s strategy regarding the development of the non-motor insurance lines, an ascending trend was also observed in the case of Property segment (Fire and Allied Perils line), where the total volume of the gross written premiums for 2019 increased by almost 8%, compared to the previous year.

On the motor insurance segment (Motor Hull and MTPL), the company marked a slight increase of the total volume of gross written premiums, compared to 2018, registering cumulatively on the two lines gross written premiums in the amount of over 880 million lei. The total amount of the claims paid on the motor insurance segment, Motor Hull and MTPL cumulatively, increased in 2019 by almost 20% compared to the previous year. The Motor Hull insurance segment recorded a significant evolution of over 15%, while on the MTPL line the volume of gross written premiums remained constant.

Regarding the travel insurances, the volume of gross written premiums in 2019 increased by over 25%, which shows a higher responsibility of consumers when it comes to holiday planning.

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