Generali, a top ten insurer, has budgeted rising revenues fromlife, home insurance and travel insurance policies, in parallelwith a declining exposure on the car segment for this year.
The company this year targets underwritten premiums worth 441.5mlei (105m euros), with 93.5m lei from life insurance, meaning justa slight increase against the 440m lei turnover reached in 2010.The insurance market may register a two-digit decline in 2011,according to market estimates, after an over 5% decrease lastyear.
Generali turnover fell by 13% last year, to 440m lei (105meuros) mainly as a result of the decline in business on the carinsurance segment. General insurance income dropped by 17%, whilepremiums from life insurance policies rose by 8% to 91m lei (21.6meuros).
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