Vienna Insurance (VIG), the largest group on the Romanianinsurance market, owner of Omniasig, Asirom, BCR Asigurari, BCRViata and Omniasig Life, ended the first nine months of this yearwith an 8% decline in gross premiums underwritten, to 455.9 millioneuros, according to data published by the group. On the generalinsurance segment, companies of the group underwrote gross premiumsof 396.2 million euros, 15% less than in the same period of lastyear, whilst on life insurance, VIG reported an over 100% rise inpremiums, to 59.7 million euros. "The declines came on the autoinsurance segment because car sales collapsed. We have tried topursue a profitable strategy as far as the car portfolio isconcerned, so we parted with clients that generated losses for us,even though premiums fell as a result," Boris Schneider, generalmanager of Asirom, told ZF.
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