ZF English

Asirom's targets in 2011: double income and higher market share

Autor: Ciprian Botea

12.04.2011, 23:40 19

Asirom, a top ten insurer, controlled by Austria's ViennaInsurance, wants to recover market share lost in the past two yearsand has budgeted two-digit turnover growth in 2011 and doubleprofit from 19.5m lei (4.6m euros) in 2010.

The company wants gross underwritten premiums to rise by over21% after in 2010 turnover contracted by almost 18%, to 431m lei.The company underwent a restructuring process turning its entireterritorial network into a sales network, and operating processeswere centralised in Bucharest.

"We underwent a major restructuring process and centralised allour operations in less than half a year. The turnover decline cameamid the lower car policy sales, but we grew on other marketsegments. We will further focus on products other than carinsurance in 2011 as well," said Boris Schneider, Asirom's chairmanof the board.

Profit earmarked for 2011 amounts to some 39m lei (around 9meuros), with the estimate being based both on rising grossunderwritten premiums and on further expense cuts.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO