UNIQA reports gross premiums written of 67.8 million euros, up 18 percent in the first half of 2024

The first 6 months of 2024 marked an improvement of UNIQA’s results in Romania, with significant increases in the non-motor insurance and life insurance segments. The total volume of gross premiums written between January and June 2024 reached the level of 67.8 million euros, an increase of 18 percent compared to the same period in 2023.

Statutory pre-tax profit reported in total by UNIQA Asigurări and UNIQA Life Insurance at the end of the first semester of 2024 was at the level of 8.5 million euros.

“We continue to report good growth in the area of ​​non-motor insurance, both in the retail segment and for corporate and affinity insurance. At the same time, we have a good evolution in terms of profitability in the first six months, and this shows that we are developing our business in a sustainable way. We pay attention to what is really important to our customers and we focus on continuously improving the products and services we offer them. We recently revised the home insurance product, adding extra benefits to the coverages frequently accessed by customers so that we can support them in situations where they need financial protection the most. At the same time, we continue to be one of the fair and transparent players when it comes to paying claims and maintain high standards for the quality of services accessed by customers. This year, we are proud to mark 15 years of activity in Romania, and our success is based both on the experience gained locally and on the solid reputation built by UNIQA during a presence of more than 200 years of the financial group at European level. We have strong ambitions, assuming an increasingly relevant contribution at the regional level. We are a trusted partner for customers, for the business environment and we act responsibily in the community, for living better together”, said Paul Cazacu, President of Directorate – CEO, UNIQA Asigurari.

In terms of non-motor insurance, UNIQA recorded in the first 6 months of 2024 sales worth almost 33 million euros, an increase of approximately 20 percent compared to the same period last year.

In the segment of retail customers, household insurance continues to support the development of the company’s activity, recording sales volume increases of 13 percent in the first half of the current year, compared to the similar period in 2023.

Voluntary motor CASCO car insurance is also an important segment of the UNIQA portfolio, where the company continues to focus on maintaining a high level of service quality in order to provide the best customer experiences.

For insurance dedicated to companies, UNIQA reported in the first 6 months of 2024 significant increases for technical insurance (+35 percent), liability insurance (+24 percent) and insurance for small and medium enterprises (+7 percent).

Recently, the company launched UNILUMIT, the new “all risks” type insurance for photovoltaic and heliothermal plants, which offers protection to the equipment within these systems, installed, received and put into operation.

“We are constantly working to diversify and improve our products and services, with the aim of contributing to a better life for customers, partners and the community. Sustainability is an important objective within UNIQA’s development strategy, and UNILUMIT insurance supports this direction, being a solution specially designed to protect investments in renewable energy“, said Ramona Bernic, Vice President of Directorate, UNIQA Asigurari.

The total volume of gross premiums written by UNIQA in the life insurance segment in the first half of 2024 was at the level of 23.4 million euros, an increase of almost 40 percent compared to the same period in 2023. The most important advance was recorded in the area of ​​traditional insurance, where sales were 60 percent above those of the first 6 months of last year.

“Following the spectacular results recorded by UNIQA in 2023 in the life insurance segment, we are happy to say that we ended the first half of this year with also very good performances, materialized in double-digit increases in sales. This shows that more and more clients in Romania recognize the quality and relevance of the financial protection solutions offered by our company. We thank them for their trust, as well as our partners, with whom we constantly strive to improve awareness of the importance of insurance and bring it closer to people, to contribute to a better life and a more secure future”, stated Mihaela Stroia, President of Directorate – CEO UNIQA Asigurari de viata.