Astra Paid RON160M In Car Damages In 1Q

05.04.2011 By Bostan Radu

Romanian insurer Astra paid car damages worth 159.98 million lei (EUR38.89 million) in the first quarter this year, up 72.% on the same interval of 2010.

Astra paid RON105.27 million for 28,395 damage claims on the RCA segment (mandatory civil liability insurance), up 87% from the first quarter of last year, when it paid RON56.29 million. The insurer paid RON54.7 million for 14,240 damage claims on the CASCO segment (voluntary insurance), up 50% from the RON36.45 million in January-March 2010.

Last year, Astra underwrote premiums worth RON1.08 billion, up 34% from 2009, overtaking 2009 market leader Allianz-Tiriac Asigurari to rank first among local insurers.

Astra was founded in 1991 and has a share capital of RON192.71 million, controlled indirectly by businessman Dan Adamescu through Nova Trade, which owns 72.683% of the company, and Austrian financial group Uniqa, which owns 27%. (EUR1=RON4.1127)