EnglishOmniasig - Vienna Insurance Group, the second insurer on the Romanian market in 2006, aims for a 37.5% growth in profit to 44 million RON next year following an increase in the number of customers for car insurance, according to CEO Constantin Toma. For end-2007, Omniasig announced an estimate profit of 32 million RON. "We made no profit from car insurance, but we intend to attract customers on this segment in order to direct them to other types of insurance and thus compensate for the losses on the car segment," Toma said.
For 2008, the company is counting on gross subscribed premiums of 1.05 billion RON, up by 25% from this year, amid a 20% increase in prices. The company is planning to increase share capital by 20 million RON in order to maintain the solvency and liquidity rates required by law. Regarding the affiliate Agras, Toma said the decision to move farming insurance from Agras to Omniasig was a good one, considering that Agras" network was not large enough to satisfy customer expectations.
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