City Insurance plans to invest EUR 0.5 million in opening 40 insurance agencies across Romania by the end of 2010 and hopes to sell up to 30,000 home insurance policies, according to the company.

The company has so far opened ten agencies across the country. It hopes to increase the number of employees from a current 60 to 150 staff. The company posted a EUR 6.7 million volume of subscribed premiums in the first half of 2010.

romania-insider.com