Omniasig, the third largest insurer on the market, controlled byAustria's Vienna Insurance, last year derived gross income worth21.8m lei (5.2m euros), down 58% from 2009, according topreliminary figures. The result is in line with IFRS.
"The drop is due to the direct link between the insuranceindustry and the other major segments of the economy, seriouslyhurt by the crisis, such as: cars, leasing or banks," explained theinsurer's officials.
As a result of the high claims rate on the car segment, thecompany is currently trying to strengthen its position on othermore profitable insurance segments. "Omniasig's strategy for 2011focuses on the expansion, promotion and development of non-carinsurance lines and on the monitoring of the claims management andresolution process," specified Omniasig officials.
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