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Romanian insurer Allianz-Tiriac's GWP rise 7% in Q1

Jun 6, 2024, 4:08:31 PMArticle by Alexandru Cristea
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June 6 (SeeNews) - Romanian insurer Allianz-Tiriac said that its gross written premiums (GWP) increased by 7% on the year in the first three months of 2024, reaching 910 million lei ($198.95 million/182.87 million euro).

Romanian insurer Allianz-Tiriac's GWP rise 7% in Q1
Source: Allianz Tiriac

Total gross claims amounted to 612 million lei in the first quarter, up by an annual 44%, of which claims paid out to clients stood at 361 million lei, Allianz-Tiriac said in a press release on Wednesday.

Life insurance premiums grew by 27% year-on-year during January-March, while health insurance premiums saw a 21% increase.

Allianz-Tiriac ranked as the second biggest among Romanian insurers at the end of 2023, with a 19.22% market share, after Groupama Asigurari, according to the country's financial regulator, ASF.

(1 euro=4.9763 lei)

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