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UNSAR's 26 local insurers of issue 1.4bn-euro policies, down 6%

17.11.2010, 00:04 6

The members of the National Association of Insurance andReinsurance Companies in Romania (UNSAR) ended the first ninemonths of the year with a 5.9 billion-RON turnover (the equivalentof 1.4 billion euros), down 5.7% against the similar period of lastyear, amid a significant decline of the car market.


UNSAR comprises two thirds of local insurers (26), including thetop ten companies on the market in terms of the volume of grosspremiums underwritten (the main indicator that shows the volume ofbusiness in the insurance sector).
On the general insurance segment, premiums underwritten by theUNSAR members totalled 4.9 billion RON in the first nine months,down 7.5% against January-September of 2009. The most affectedsegment was comprehensive insurance, with business on this segmentfalling by 24%, to 1.9 billion RON.
On the other hand, insurers posted 4% higher sales on the lifeinsurance segment compared with the first nine months of last year,nearly 990 million RON, but the segment is too small to be able topull the entire market up.

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