Romanian insurer CertAsig underwrote gross premiums of EUR 3.5 million in the first quarter of the year, up 42% year-on-year.

The company, which specializes in corporate insurance and operates in Romania, Turkey and Bulgaria, posted a EUR 2 million turnover in Romania in this period.

In the first quarter of the last year, the insurer wrote gross premiums of EUR 2.5 million.

The local market generated 60% of the company’s turnover between January and March, followed by the Turkish market, which brought about a third of its business. The business in Bulgaria is still in the beginning.

Insurance of guarantees, cargo and transit goods accounted for 60% of the company’s gross written premiums.

editor@romania-insider.com