Ins - Profile Rezultate - 2006 PDF

year V - issue 1/2007 (14)
Produced by Media XPRIMM MARCH 2007
www.insuranceprofile.ro
2006
PRELIMINARY RESULTS
ROMANIAN INSURANCE MARKET 2006
Year V - no. 1/2007 (14)
ISSN 1841-740X
Member since 2003
Published by Media XPRIMM

OFFICES
Str. Horei nr. 15 - 17, Sector 2, 021377 Bucureşti, ROMÂNIA
Tel.: 0040 21 252 46 72, Fax: 0040 21 252 46 73 Daniela GHEŢU
e-mail: editor@primm.ro Editorial Director
Edition closing at: March 15, 2006

2006 – The year of smooth changes
GENERAL DIRECTOR EXECUTIVE DIRECTOR
We are facing the first global evaluations of the year 2006, on the preliminary insurers’ and
Sergiu COSTACHE Adriana PANCIU
brokers’ results. Though the figures have not been audited yet and though here and there the
EDITORIAL DIRECTOR lack of information has obliged us to try a series of estimations, the overview highlighted in the
Daniela GHEŢU magazine’s pages is relevant enough for drawing conclusions.
EDITOR IN CHIEF 2006 was at least an apparently calm year for Romanian insurances. The market kept its growing
Alex ROŞCA rhythm from the last few years; the insurance brokers’ role is also increasing. If life insurances
SENIOR EDITORS have confirmed the limited tendency visible even from the beginning of the year, the motor
Alexandru CIUNCAN, Mihaela CÎRCU insurance lines, especially motor hull, have continued to be the determined engine of the
EDITORS market’s ascension. The new, unified structure’s implementation of the motor third party liability
Costi BORODA, Vlad PANCIU, Alexandra SĂNDULESCU, Mirabela insurances and Green Card policy was smooth, while for health insurances 2006 hasn’t brought
POSTOLACHE, Andreea IONETE, Liviu Huluţă the necessary methodological clarifications. The entering in force of a national dwelling
ART DIRECTOR insurance program against catastrophic phenomena, announced for the end of 2006, was also
Cristian GACHE postponed.
GRAPHIC DESIGNERS
Although the above lines might create the impression that 2006 was a year without events, the
Claudiu BĂJAN, Eugen PETCU, Alex SPINEANU
presented data will reveal that the reality is slightly different. 2006 brought substantial
PHOTO
modifications in the markets’ hierarchy and a subtle change of strategies and portfolios’ politic
Claudiu BĂJAN, Alex SPINEANU, Cristian TĂNASE
for some companies. The new signs of the new underwriting motor insurances’ approach
DISTRIBUTION and databases
appeared under the pressure generated by the concern of the continuous increase of the volume
Daniela ALECU, Camelia ANGELESCU, Loredana MANOLACHE
Tel.: 0040 21 252 46 72; Fax: 0040 21 252 46 73
of damages. New names entered the market, either through acquisitions or Greenfield
operations which started in 2006. Inside the groups, portfolios’ reorganization took place.
HEAD OF IT DEPARTMENT
Octavian GRIGOR
Insurers are more and more interested in collaborating with banks, bancassurance operations
gaining an important weight.
EVENTS COORDINATOR
Georgiana OPREA Along the entire year we tried to offer, in each magazine’s number, a plus of information,
EDITION RESPONSIBLE: Alex ROŞCA available now also on-line at www.insuranceprofile.ro beside the whole magazine’s archives.
PREPRESS and PRINTING
The present number is not an exception, revealing for the first time the number of sold policies
MasterPrint Super Offset by the insurance companies and individually the private health insurances’ results.
Phone: 0040 21 223 04 00 So, we invite you to draw the first conclusions. The next number of insurance Profile will bring
LEGAL ADVISOR the validation and completion of these with the audited data of 2006.
MUŞAT & Associates, Attorneys at Law
Phone: 0040 21 202 59 00
Fax: 0040 21 223 39 57
Although Media XPRIMM has made every effort to ensure the accuracy of this publication, neither it or any contributor can accept any legal responsibility whatsoever for consequences that
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www.insuranceprofile.ro Year V - no. 1/2007 (14)

SUMMARY THE ROMANIAN INSURANCE MARKET 2006

life Insurance
3
8
ROMANIAN INSURANCE MEDIATION MARKET
MEDIATED PREMIUM 2006
40
non-life INSURANCE (total) 12 All insurance lines total 41

Selected insurance classes Life insurance 42
Motor insurance lines 14 non-life insurance 43
Property insurance 18 Motor insurance 44
Credit & warranties insurance 22 Property insurance 45
Accident and illness insurance 23 GTPL insurance 45
Travel insurance 25
GTPL insurance 26 FINANCIAL INDICATORS
Health insurance 27 Comissions and incomes 48
Insurance brokers’ portfolios 49
FINANCIAL INDICATORS
Insurance Policies 28
Assets 29
Technical reserves 30
Other financial indicators 32
Life and non-life insurance companies’ portfolios 33
Life insurance companies’ portfolios 36
NOTE FROM THE EDITOR currency from the analyzed period with the actualized results using the
inflation rate of the respective period of the previous year.
The economic data submitted to the analysis have been supplied by the 4. The “NA” indicative signals the fact that the results for that indicator were
insurance and insurance brokerage companies. The data IS not AUDITED by not made public by the company.
professional financial auditors and haven’t been warranted by the insurance 5. “ - “ the indicator’s value was “0” during the analyzed period, the insurance
supervisory authority. company does not provide that type of insurance or there wasn’t any
information about the indicator in the previous periods.
The financial figures of the following companies are not published in the
hereby tables: ABG Insurance – reauthorized in 20th of July, 2006; CLAL 6. “0.00” – the value of the indicator is lower than “0.005” but exceeds the
ROMANIA – established in the 5th of December 2006 and F.A.T.A. Asigurari value of “0”.
Agricole – established in the 21st of September 2006. 7. The numbers in this column represent the share of the underwritings
belonging to the insurance class shown in the chart, out of the total
underwritten premiums. The value within the “TOTAL” line refers to the share
of that insurance class out of the total market underwritings.
8. The values within the “TOTAL” row represent the sum of all available
indicators for each company.
GRAPHS
1. The graphs that show the class based net underwritten premium portfolio
structure include only the insurance classes that hold a share larger than 1%
out of the company portfolio. For the full structure of the insurance class
portfolio check the chart that shows the global structure for each company.
TOP INSURANCE MEDIATION COMPANIES

1. In the brokerage companies related tops are included all companies that
respond to our solicitation of providing the necessary data.
2. The companies from the intermediated premiums TOP 10, released by
the Insurance Supervisory Commission that haven’t provided us with the
results for the analyzed period are included in the charts with estimates.
HOW TO UNDERSTAND: The estimates made for these companies are proportional with the market’s
CHARTS average growth.
1. The insurance companies provide us their results in RON. The results 3. Please take into consideration that the values shown in the “MARKET
expressed in EUR for each analyzed period are generated using the average
TOTAL” are estimates of the editorial office based on the average growth of the
exchange rate presented by the National Bank of Romania for the analyzed
period. companies that provided us with their financial results.
2. The EUR nominal evolution is calculated by reporting the results in the
European currency for the analyzed period. For suggestions and additional information please contact us at:
3. The real RON evolution is calculated by comparing the results in the national insuranceprofile@insuranceprofile.ro .
Insurance PROFILE Review - industry quarterly

THE ROMANIAN INSURANCE MARKET
UPS & DOWNS

MOTOR INSURANCE DRIVES THE MARKET GROWTH BUT ALSO ITS MAJOR PROBLEMS
The value of the gross written premiums in 2006 was of
EUR 1.62 billion, meaning RON 5.72 billion calculated to STILL FAR TO THE EUROPEAN INDICATORS
the average exchange course of 3.52 RON/EUR. The insur-
ance market grew almost 34% in national currency while
According to the statistics published by the Comité Europeén des Assurances
the real increase was 23.6%. In absolute value, the insur-
in its Annual Report 2005 - 2006, the European insurance market has seen in
ance companies underwrote with EUR 405 million more
2005, by contrast with the previous years, a significant increase in premium
than 2005.
growth, which has reached 4.5% (inflation-adjusted), resulting in a total premi-
um income of EUR 978 billion for 2005.
Main Indicators There is a marked contrast in the growth in premium income between the life
and non-life markets. The growth for the life insurance market has been strong,
Taking into consideration the value of RON 342.4 billion
with an inflation-adjusted rate of 6.2%, while the non-life insurance market re-
estimated by the National Institute of Statistics for the
ports premium growth of 1.8%.
Gross Domestic Product in 2006, the insurance penetra-
tion degree calculated as weight of insurance field in GDP, The penetration rate of life insurance in the economy, defined as the ratio of
reached 1.67%. Comparing to 2005, this means a 7.7% life premiums to GDP, has reached 5.1%, while non-life insurance accounts
growth of the insurance contribution. for 3.4%.
As regards the insurance density, as average amount spent In this respect, the Romanian market contributed with only 0.15% to the
in 2005 by Romanians for insurances, this increased at overall European insurance premium in 2005, a level comparable to Slovakia,
74.75 EUR/inhabitant (calculated for a population of Slovenia or Croatia, countries with a lower potential in terms of population,
21,673,328 inhabitants, according to the most recent avail- but with a better situation regarding the macroeconomic parameters and
able statistic from the 1st of July 2004), meaning with their citizens wealth. Although none of the CEE countries holds a market
aprox. 32% more than in 2005. share higher than 1%, countries like Poland or the Czech Republic account
for 0.78%, 0.4% respective of the entire European market.
Significant differences are obvious in what the market portfolio is concerned.
MARKET PORTFOLIO Unlike in Romania and the other CEE countrie, life insurance dominates, with
After an apparent period of redress, in 2005, life insurances a 61.22% share, while motor insurance, regurlarly the prevalent class in the
diminished their weight in the market’s portfolio, descend- young markets, holds only 13.03% of the total market. Still, motor insurance
ing under 20%. As a consequence the 3.5 % gained by gen- is the main non-life business line, even if the difference between it and the
eral insurances distributed between motor hull, property other classes is smaller by far than the one in the Romanian market. Consid-
insurances and credit and warranties insurances. ering only non-life insurance lines, the motor class represents aprox. 33% of
Paradoxical, though they are continually discuss the neces- the non-life insurance market, compared to 67% in Romania, while property
sity of portfolio’s diversification, the most important in- and GTPL insurance classes hold a share of 21 and 10 percents respectively.
creases continues to be registered by the motor insuranc-
es, which grew their weight from 51.8% to almost 54%.
Those EUR 241 million premiums underwritten in addition
GENERAL INSURANCE
to the 2005’s results for the motor insurances represents Other lines 2.74 % 38.78 %
59.5% of the whole market’s increase in absolute value. Legal expenses 0.55 %
The source for the increase of the motor insurances’ weight LIFE INSURANCE
MAT* 1.32 % 61.22%
is in fact the motor hull, which registered with EUR 158.8
million more than in 2005. The real increase rate of 32.52%, GTPL 3.23 %
with almost 9% more than the market’s average deter- Property
8.16%
mined the growth of the motor hull’s weight in the mar-
ket’s portfolio, with 2.2%, meaning exactly the surplus Health and Accident
registered by motor insurances. As regards the motor third insurance 2005
9.74 %
party liability, its weight in portfolio remained almost un- EUROPEAN
changed, though its increase rhythm of 21.41% was less MARKET
than the market’s average in a whole. PORTFOLIO
The property insurances kept almost the same weight in Motor
13.03 % * MAT - Marine, Aviation and Transport
the general portfolio, 12.11%, comparing to 12.23% in
Source: www.cea.assur.org
2005. However, the two classes of this type of insurances
www.insuranceprofile.ro Year V - no.1/2007 (14)

Graph 1. Consolidated insurance portfolio in 2006 redistributed the weight in portfolio. So, while the fire and
allied perils insurances diminished their weight with al-
Other lines GENERAL INSURANCE most 1.4%, the damages to property insurances, including
2.92 % 80.14 %
the agricultural insurances increased from 1.55% to 2.87%.
Accident and A rapid look to the data afferent to the mentioned classes
sickness insurance 1.80 % LIFE INSURANCE
19.86% of insurance highlights the fire and allied perils insurances
Travel insurance 0.59 %
registered a significant decrease comparing to 2005, the
Credit & warranties
7.12 % real increase rate being around 7%, slightly inferior to the
GTPL 1.55 % market’s average. Even more, taking into account only the
Property
first 10 companies for this class of insurance, the real
12.11% growth is only 5.4%. The argument of this situation can be
Fire and more or less explained by the significant decrease regis-
2006 allied perils tered by AIG Romania on this insurance class, AIG under-
MARKET 9.24%
writing, in absolute figures, with EUR 11.5 million less than
Damages
PORTFOLIO to propery in 2005 and by the “freezing” to zero of ALLIANZ-TIRIAC ‘s
2.87 % real growth, this company controlling a quarter of the mar-
Compulsory
MTPL 21.47 % ket. The substantial enhancements, reported to the activ-
ity volume of this field, registered by the companies with
small weight could compensate only partially this tenden-
Motor Motor hull
54.05 % 32.58% cy. Thus, OMNIASIG and UNITA realized real increase rate
of approximate 31%, respective around 71%, which mate-
rialized in absolute values superior to those of 2005, with
2006 2005 2004 2003 2002 EUR 6.5 million, respective 5 million. In a whole, these two
Life insurance 19.86 23.17 21.61 23.47 22.96 companies own 56% out of 7% increase of fire and allied
Non-life insurance 80.14 76.83 78.39 76.53 77.04 perils insurances.
Of which Motor insurance 54.05 51.81 52.31 50.64 49.49 Looking over the results communicated by companies for
Of which CASCO 32.58 30.35 30.31 29.67 30.41 the damages to property insurances, they can observe
MTPL + Green Card 21.47 21.85 22.00 20.97 19.08 than in some aspects these represent the mirror of those
Property insurance 12.11 12.23 13.23 12.28 13.30 comments made above. Both ALLIANZ-TIRIAC and AIG Ro-
GTPL 1.55 1.92 1.80 2.23 1.66 mania registered growths in absolute value of EUR 7.9 mil-
Credit & warranties insurance 7.12 5.95 3.84 4.79 2.12 lion, respective 10.5 million, with real increase rate of
Travel insurance 0.59 0.54 0.43 0.45 0.18 around 300%, respective 480%. These results determined
Accident & sickness insurance 1.80 1.40 2.63 2.19 3.25 a redistribution of the specialized market, AIG Romania
Health insurance 0.60 0.47 0.62 0.88 0.81 and ALLIAZ TIRIAC dominating net, with 26.8% share mar-
Goods insurance, including transported 0.84 0.96 0.92 1.07 0.88 ket, respective 22%. These modifications remain in ques-
commodities tion: a reorientation of the underwriting politic or simply a
Transport insurance, other than terrestrial 0.89 1.98 2.08 1.82 4.93 different responsibilities’ framing?
Other 0.59 0.43 0.34 1.12 0.42
Finally, with a real increase of almost 48%, the credits and
warranties insurances grew their contribution to the mar-
ket’s portfolio from 5.95% to 7.12%. The absolute perform-
ers at this chapter are BCR Asigurari, leader on this seg-
ment, whom it controls in proportion of 44%, GARANTA
and GENERALI Asigurari, which made an important prog-
ress comparing to 2005, the weight of this insurance class
Graph 2. Quarterly gross underwriten premium (Euro m.) in portfolio increasing from around 1% to almost 8%.
500
450 2006: Changes in Top 10

g Gross written premium
ASIBAN changes its place with ING Asigurari de Viata and
400
climbs to 4th place, ASTRA UNIQA grows two positions and
350 gains 1.46% market share, while GENERALI gets up two
places and realizes the second increase in absolute value
300 and best in relative terms. UNITA drops two places and lo-
250 ses 1.16% from its market share and the new acquisition of
Czech from PPF, ARDAF, leaves its position in the top in
200 favour of BT Asigurari. This keeps its development rhythm,
succeeding more than doubling its written premiums and
150
gaining 1.34% from market. So, these are the changes in
100 the Top 10 of the last year.
The first 10 companies in the market underwrote an
50
amount of gross premiums of EUR 1.31 billion, meaning
0 80.79% from the market in the analyzed period. Though 6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 of the 10 companies diminished their market share, the
2003 2004 2005 2006 concentration degree grew to 0.38% comparing to 80.41%

in 2005. The other 4 companies increased their market In 2006, OMNIASIG underwrote EUR 152.10 million (RON
share in 2006 and had a great contribution to maintain the 536.07 million), with a nominal enhance of 30.72% in Eu-
concentration degree to 81%: GENERALI +2.3%, ASTRA ropean currency. The real increase in national currency
+1.46%, BT Asigurari +1.34% and BCR Asigurari, which passed 21%. OMNIASIG ended the insurance market’s po-
though dropt life insurances, enhance its market share dium with a 9.36% market share and with 1.13% less than
with 0.68%. the ASIROM’ s market share.
ALLIANZ-TIRIAC continues to be the leader, with a 19.49% ASIBAN succeeded, during the analyzed period, a nominal
market share. Besides, ALLIANZ-TIRIAC is the first company growth in EUR of almost 30.47% reaching EUR 123.94 mil-
which exceeded RON 1 billion. The company underwrote lion (RON 436.81 million). The real increase in nominal cur-
in 2006 almost RON 1.12 billion (EUR 317 million), with rency exceeded 21%. Again, motor insurance, especially
22.72% more in real growth, in national currency, than the CASCO line, was the driving sector in this evolution
2005. The nominal increase in EUR was 32.31%. The insurer which helped the company to gain one position until the
had the most important growth in absolute value, adding 4th place, surpassing ING Asigurari de VIata
EUR 77 million to the results of 2005. In spite of the voices ING Asigurari de Viata holds the 5th place, with an amount
claiming that, due to its new pricing policy for the CASCO of EUR 123.66 million gross written premiums (RON 435.85
line, ALLIANZ-TIRIAC will lose its momentum in motor in- million). So the company registered a real growth of over
surances, most of this sum came from the CASCO line for 14% in European currency and 5.77% in national currency.
which the insurer wrote with almost EUR 41 mil. more than During the analyzed period, ING Asigurari de Viata lost
in 2005. 1.28% market share. On the life segment, the insurer is the
ASIROM keeps its position held at the end of 2005. Among leader, with a 37.94% market share.
the first 10 companies in chart, the second place holder BCR Asigurari grew with 14% over the average, gaining
lost 2.49% market share in 2006 on the background of a 0.68% market share and kept its position in the chart. In
0.14% decrease in real terms in national currency. Related 2006, the insurer underwrote more than EUR 120 million
to European currency, ASIROM had a ascendant evolution (RON 424 million), up with 46.81% in euro than the previ-
and underwrote with 7.67% more than in 2005. The ASI- ous year’s results.
ROM’ s amount of gross written premiums in 2006 both Over EUR 86 million is the amount of premiums underwrit-
from general and life insurances exceeded EUR 170 mil- ten in 2006 by ASTRA UNIQA, registering a 83.69% increase
lion. comparing to 2005. The real evolution in national currency
de peste 10 ani printre cei mai buni
Membru fondator UNSICAR - Uniunea Naţională a Societăţilor de Intermediere şi Consultanţă în Asigurări din România
Membru IBA - International Brokers Association
Bucureşti Str. Louis Blanc nr.1, Sector 1, 011751 Telefon: +4 021 230.40.85 Fax: +4 021 230.41.79 www.asigest.ro e-mail: office@asigest.ro
Gross written premiums in 2006, life insurance and general insurance added up
0 50 100 150 200 250 300 350
EUR m.
ALLIANZ-ŢIRIAC
ASIROM
OMNIASIG
ASIBAN
ING Asigurări de Viaţă
BCR Asigurări
ASTRA - UNIQA
GENERALI*
UNITA
BT Asigurări
ARDAF
AIG LIFE
CARPATICA Asigurări Top 10 - market shares, 2006

GARANTA life insurance and general insurance added up
AIG România No. Company GWP Market share Nominal Paid
2006 2006 change claims
ASITRANS
in EUR 2006
GRAWE
EUR m. % % EUR m.
AVIVA 1 ALLIANZ-ŢIRIAC 316.59 19.49 32.31 166.22
INTERAMERICAN 2 ASIROM 170.43 10.49 7.67 109.38
3 OMNIASIG OTHER COMPANIES
BCR Asigurări de Viaţă* 152.10 9.36 19.21% 30.72 81.40
OMNIASIG Life 4 ASIBAN 123.94 7.63 30.47 68.84
5 ING Asig. de Viaţă
2006
123.66 7.61 14.04 36.39
ASITO KAPITAL OVERALL
6 BCR Asigurări 120.29 7.41 46.81 71.51
RAI INSURANCE
7 ASTRA- UNIQA 86.33 5.32 83.69 34.94
AGRAS MARKET
8 GENERALI* 85.40 5.26 136.97 NA
NBG ASIGURĂRI
9 UNITA 73.55 4.53 6.11 50.22
10 BT Asigurări 59.87 3.69 109.09 28.54
TOTAL TOP 10 1,312.16 80.79 33.85 647.44
*estimation
was +70.38%. ASTRA UNIQA climbed two places until the Claims and reinsurances
7th position and gained 1.46% market share. It realized the
The amount of claims paid by Romanian insurers in 2005
third growth (+EUR 39.33 million) in absolute value at the
totalized EUR 765 million, up with 52% comparing to 2005.
market’s level.
The more significant increase rhythm of damages com-
According to estimations, GENERALI is the company with pared to the volume of gross written premiums reflects
the most significant market share increase in 2006. The even in the more unfavorable proportion between paid
company underwrote over EUR 85 million and had the claims and gross written premiums, which grew from ap-
most important increase in relative value (136.97%) proximate 40% in 2005 to 45% in 2006.
among the first 10 companies. In absolute value it grew The 2006’s results confirm the experts’ opinion that the
with almost EUR 50 million more than 2005. GENERALI in- damages on the motor insurances segment, especially
creased from a 2.96% market share in 2005 to 5.26%, hol- motor hull, represents a major problem of the market. So,
ding the 8th position in the Top. if for the motor third party liabilities the proportion be-
UNITA underwrote EUR 73.55 million (RON 259.22 million) tween paid claims and gross written premiums is close to
during the analyzed period, obtaining only a 6% increase the value of the market’s average, in the motor hull’s case
comparing to 2005. Real, in national currency, company the average value of the market is about 67%. Compared
had a 1.58% decrease. So, it lost, in 2006, 1.16% market to this average, an alarming value itself, there are 9 com-
share and 2 places in Top. At the end of 2006, it occupied panies with a higher value than this proportion, for 4 of
the 9th position, with a 4.53% market share. them the paid claims representing 95% and 116% of the
BT Asigurari succeeded a nominal enhance in European written premiums. This phenomenon can be considered
currency with 109% more than the amount of gross writ- as worrying as the volume of the technical reserves and of
ten premiums realized in 2005. In 2006, BT Asigurari unde- the ceded premiums in reinsurance by some of these com-
rwrote almost EUR 60 million (RON 211 million). The companies don’t reflect the higher value of damages they are
pany had a real growth in nominal currency of almost deal with.
94%. The insurer underwrote with EUR 31 million more In the credit and warranties insurances’ case, the propor-
than 2005, which means almost 8% out of increase reali- tion between the paid claims and gross written premiums
zed by the market. is high too, especially in the case of companies with im-

portant market shares in the field. The prudential mea- The Romanian insurance market provided the world rein-
surements imposed by the Insurance Supervisory Com- surers with a greater volume of premiums than in 2005,
mission reflect themselves in the companies’ reinsurance those almost EUR 400 million ceded in reinsurance in 2005
politic.
representing a volume with 45% more than in the previ-
The relative lull of the intense natural phenomena which
ous year. Though we aren’t in the possession of data re-
characterized the 2006 year reflect in the amount of dam-
ages registered by the property insurances whose propor- garding the amount of ceded premiums in reinsurance by
tion between paid claims and gross written premiums all companies, we estimate that the volume of ceded pre-
dropped significantly from 21.35% to approximate 10%. miums for motor hull grew with 30% comparing to 2005.
Financial indicators for 2006 (life and non-life insurance lines) UNAUDITED DATA Source: the insurance companies’ statements
No. Company GROSS WRITTEN PREMIUM Nominal Real PREMIUMS CEDED IN REINSURANCE PAID CLAIMS Market
change change share
2006 2005 in EUR in RON 2006 2005 2006 2005 2006
EUR m. RON m. EUR m. RON m. % % EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m. %
1 ALLIANZ-ŢIRIAC 316.59 1,115.84 239.29 867.03 32.31 22.72 155.96 549.68 89.64 324.80 166.22 585.85 115.26 417.64 19.49
2 ASIROM 170.43 600.69 158.30 573.57 7.67 -0.14 12.31 43.40 10.35 37.52 109.38 385.50 97.68 353.92 10.49
3 OMNIASIG 152.10 536.07 116.36 421.61 30.72 21.25 25.94 91.43 17.18 62.25 81.40 286.90 46.98 170.23 9.36
4 ASIBAN 123.94 436.81 95.00 344.20 30.47 21.01 19.08 67.26 23.73 85.99 68.84 242.64 37.26 135.00 7.63
5 ING Asig. de Viaţă 123.66 435.85 108.44 392.92 14.04 5.77 0.50 1.76 0.49 1.78 36.39 128.24 3.00 10.89 7.61
6 BCR Asigurări 120.29 423.96 81.94 296.89 46.81 36.17 59.63 210.18 25.09 90.90 71.51 252.04 31.12 112.75 7.41
7 ASTRA - UNIQA 86.33 304.27 47.00 170.29 83.69 70.38 NA NA 3.48 12.62 34.94 123.14 24.77 89.75 5.32
8 GENERALI* 85.40 301.00 36.04 130.58 136.97 119.80 NA NA 18.16 65.82 NA NA 16.66 60.37 5.26
9 UNITA 73.55 259.22 69.31 251.15 6.11 -1.58 22.65 79.84 19.23 69.68 50.22 176.98 36.78 133.25 4.53
10 BT Asigurări 59.87 211.00 28.63 103.74 109.09 93.94 11.51 40.56 5.11 18.51 28.54 100.60 7.94 28.78 3.69
11 ARDAF 55.26 194.77 64.56 233.92 -14.40 -20.61 2.97 10.46 2.61 9.46 33.42 117.78 32.48 117.69 3.40
12 AIG LIFE 39.67 139.82 28.56 103.49 38.90 28.84 2.26 7.98 2.93 10.61 0.70 2.48 0.45 1.64 2.44
13 CARPATICA Asig 31.78 112.01 15.31 55.47 107.62 92.57 5.90 20.81 2.39 8.66 14.30 50.41 7.10 25.72 1.96
14 GARANTA 25.86 91.13 10.95 39.69 136.07 118.96 18.77 66.14 7.06 25.60 14.42 50.83 6.12 22.19 1.59
15 AIG România 21.33 75.17 22.02 79.77 -3.12 -10.14 19.55 68.91 20.29 73.53 1.33 4.68 0.96 3.48 1.31
16 ASITRANS 18.84 66.40 7.25 26.27 159.83 141.00 8.89 31.32 1.74 6.29 5.82 20.50 2.29 8.31 1.16
17 GRAWE 18.31 64.54 9.74 35.31 87.91 74.29 0.92 3.23 0.58 2.09 0.66 2.31 0.08 0.28 1.13
18 AVIVA 18.16 63.99 13.51 48.95 34.40 24.66 NA NA 0.19 0.70 NA NA 0.12 0.43 1.12
19 INTERAMERICAN 15.08 53.16 12.91 46.76 16.87 8.41 3.44 12.11 3.03 10.97 6.11 21.52 5.08 18.39 0.93
20 BCR Asig. de Viaţă* 14.19 50.00 - - - - NA NA - - NA NA - - 0.87
21 OMNIASIG Life 13.95 49.16 15.27 55.34 -8.69 -15.30 0.23 0.80 1.24 4.50 1.96 6.92 1.29 4.67 0.86
22 ASITO KAPITAL 8.69 30.63 7.02 25.43 23.81 14.84 6.61 23.29 5.97 21.64 3.67 12.92 0.90 3.25 0.54
23 RAI 6.82 24.05 5.59 20.26 22.04 13.19 0.24 0.83 0.18 0.64 2.36 8.31 1.84 6.68 0.42
24 AGRAS 6.18 21.79 10.09 36.55 -38.72 -43.16 0.18 0.64 1.00 3.61 2.74 9.67 5.13 18.60 0.38
25 NBG ASIGURĂRI 4.14 14.61 3.98 14.40 4.26 -3.30 2.37 8.35 2.32 8.41 1.92 6.76 1.33 4.84 0.26
26 OTP Garancia Asigurări 3.54 12.48 2.66 9.65 33.01 23.37 0.06 0.23 0.05 0.19 1.43 5.03 1.14 4.12 0.22
27 ABC Asigurări 2.25 7.94 0.99 3.59 127.54 111.06 0.59 2.08 0.33 1.21 0.68 2.39 0.23 0.83 0.14
28 DELTA Asigurări 2.03 7.14 1.80 6.54 12.26 4.12 - - - - 0.24 0.84 0.23 0.83 0.12
29 EUROASIG 1.35 4.76 0.43 1.55 216.21 193.29 0.35 1.22 0.04 0.16 0.33 1.17 0.06 0.21 0.08
30 CITY Insurance 1.17 4.13 0.99 3.59 18.28 9.71 0.04 0.13 0.04 0.13 - - 0.11 0.38 0.07
31 DELTA Addendum 1.11 3.92 1.14 4.11 -2.07 -9.16 0.17 0.61 0.13 0.46 0.33 1.15 0.45 1.64 0.07
32 GERROMA 0.81 2.85 0.61 2.19 33.36 23.70 NA NA - - 0.01 0.05 0.01 0.04 0.05
33 CERTASIG 0.62 2.20 0.13 0.46 395.83 359.90 NA NA 0.04 0.14 0.02 0.06 0.08 0.28 0.04
34 KD LIFE 0.55 1.95 - - - - 0.00 0.00 - 0.00 0.02 - 0.03
35 IRASIG 0.22 0.77 0.23 0.82 -3.06 -10.08 0.04 0.13 0.08 0.29 0.02 0.06 0.01 0.02 0.01
36 ASIROM CONCORDIA 0.12 0.42 0.10 0.37 16.55 8.11 - - - - 0.02 0.06 0.05 0.17 0.01
TOTAL TOP 10 1,312.16 4,624.70 980.29 3,551.98 33.85 24.15 307.59 1,084.11 212.47 769.86 647.44 2,281.90 417.44 1,512.57 80.79
TOTAL 1,624.19 5,724.47 1,219.07 4,417.17 33.23 23.58 381.16 1,343.38 264.99 960.15 739.92 2,607.85 485.39 1,758.75 100.00
*estimation
Note: The values within the “TOTAL” row represent the sum of all available indicators for each company.
www.insuranceprofile.ro Year V - no.1/2007 (14)

LIFE INSURANCE MARKET
3% WEIGHT LOSS
The value of gross written premiums from life insurances with 37% more than in 2005. The company underwrote
exceeded EUR 322 million last year. with EUR 7 million more than the results registered in
Related to the entire life insurance market’s results regis- 2005, gaining 1.4% market share and got up on the 4th
tered in 2005, the insurance market had a 12.6% nominal place.
increase in euro and a 4.43% real evolution in national GRAWE had the most important evolution on the life in-
currency. The nominal average increase in euro of active surance market. The company climbed 4 places until 5th
companies on market was 24.36% last year. position, with EUR 18.3 million gross written premiums,
The life insurance market grew below the insurance mar- up with 88% comparing to 2005. The real evolution in lei
ket’s average, this causing the loss of 3 % of the weigh it exceeded 74%. In the previous year, it increased its market
had in the total premiums realized by market. Thus, if at share with 2.28 %.
the end of 2005 the life insurances represented over 23% Also, AVIVA realized a growth above the market’s average
of the entire industry, in 2006 life insurances had 19.86%. (over 34% in European currency) and gained 1% market
ING Asigurari de Viata remains the market’s leader, with share. The company underwrote over EUR 18 million pre-
over EUR 122 million gross written premiums (RON 431.34 miums, with EUR 5 million more than in 2005 and climbed
million) and a nominal growth in euro with 13% more than to 6th position.
the 2005’s results. The real evolution in national currency ASIBAN underwrote over EUR 17 million, with almost EUR
was 4.68%. The insurer underwrote EUR 14 million pre- 7 million less than in 2005. The company had a negative
miums more than in 2005. evolution on life segment, the real dynamic being -6.92%.
Situated on the 7th position, it has a 5.4% market share.
AIG Life occupied the second position at the end of 2005
with an amount of EUR 40 million gross written premiums. According to estimations, BCR Asigurari de Viata unde-
The company had a nominal evolution in euro above the rwrote in 2006 EUR 14 million (RON 50 million) and is on
market’s average (almost 40% nominal in euro and 29% the 8th place with a 4.4% market share.
real in national currency) and won 2.33% comparing to During the analyzed period OMNIASIG Life realized a EUR
2005. 13.5 million volume of gross written premiums, with EUR
The third position in Top is held by ASIROM, with a volume 1.7 million less than in 2005. The insurer is situated on the
of gross written premiums of EUR 26 million and a nominal 9th position and has a 4.2% market share.
increase in European currency of 13.2%. The total of gross In relative value, the most significant enhance had GENE-
written premiums realized by company was with EUR 3 RALI, according to estimations. The company registered a
million more than in 2005, climbing one place. ALLIANZ- nominal growth in euro over 103% and a real evolution in
TIRIAC underwrote from life insurances EUR 25 million lei of 89%. Thus, GENERALI gained one position and 1.61%
gross premiums, registering a nominal enhance in euro market share.
Gross written premiums for life insurance in 2006

EUR m.
0 30 60 90 120 150

AIG LIFE
ASIROM
ALLIANZ-ŢIRIAC
Top 10 - market shares, 2006 for life insurance
GRAWE
No. Company GWP Market share Nominal PAID
AVIVA 2006 2006 change CLAIMS
ASIBAN OTHER COMPANIES in EUR 2006
5.19%
BCR Asigurări de Viaţă* EUR m. % % EUR m.
OMNIASIG Life 1 ING Asig. de Viaţă 122.38 37.94 12.86 35.99
GENERALI* 2 AIG LIFE 39.67 12.30 38.90 0.70
INTERAMERICAN 3 ASIROM 25.80 8.00 13.20 2.02
BT Asigurări 4 ALLIANZ-ŢIRIAC 24.74 7.67 37.15 1.92
DELTA Asigurări 5 GRAWE 18.31 5.68
2006 87.91 0.66
GARANTA 6 AVIVA 18.16 5.63
LIFE 34.40 -
ARDAF 7 ASIBAN 17.41 5.40 INSURANCE -28.43 2.03
KD LIFE 8 BCR Asig. de Viaţă* 14.19 4.40 - -
ASTRA - UNIQUA 9 OMNIASIG Life 13.50 4.19 -11.61 1.96
10 GENERALI* 11.63 3.61 103.58 -
TOTAL TOP 10 305.79 94.81 24.10 65.28
*estimation

Life insurance financial indicators for 2006 UNAUDITED DATA Source: the insurance companies’ statements
Weight in GROSS WRITTEN PREMIUM Nominal Real PREMIUMS CEDED IN PAID CLAIMS Market
the own change in change in REINSURANCE share
No. Company insurance 2006 2005 EUR RON 2006 2005 2006 2005 2006
portfolio
EUR m. RON m. EUR m. RON m. % % EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m. %
1 ING Asig. de Viaţă 98.97 122.38 431.34 108.44 392.92 12.86 4.68 0.49 1.73 0.49 1.78 35.99 126.83 3.00 10.89 37.94
2 AIG LIFE 100.00 39.67 139.82 28.56 103.49 38.90 28.84 2.26 7.98 2.93 10.61 0.70 2.48 0.45 1.64 12.30
3 ASIROM 15.14 25.80 90.92 22.79 82.57 13.20 4.99 - - - - 2.02 77.62 17.20 62.32 8.00
4 ALLIANZ-ŢIRIAC 7.81 24.74 87.18 18.04 65.35 37.15 27.21 NA NA 1.47 5.32 1.92 6.75 0.42 1.51 7.67
5 GRAWE 100.00 18.31 64.54 9.74 35.31 87.91 74.29 0.92 3.23 0.58 2.09 0.66 2.31 0.08 0.28 5.68
6 AVIVA 100.00 18.16 63.99 13.51 48.95 34.40 24.66 - - 0.19 0.70 - - 0.12 0.43 5.63
7 ASIBAN 14.05 17.41 61.38 24.33 88.17 -28.43 -33.62 0.55 1.95 0.55 2.00 2.03 7.15 1.02 3.71 5.40
8 BCR Asig. de Viaţă* 100.00 14.19 50.00 - - - - NA NA - - - - - - 4.40
9 OMNIASIG Life 96.80 13.50 47.59 15.27 55.34 -11.61 -18.01 0.23 0.80 1.24 4.50 1.96 6.92 1.29 4.67 4.19
10 GENERALI* 13.62 11.63 41.00 5.71 20.70 103.58 88.83 NA NA 0.25 0.91 - - 0.11 0.40 3.61
11 INTERAMERICAN 51.56 7.78 27.41 6.17 22.34 26.13 16.99 0.91 3.21 0.76 2.74 1.32 4.64 0.37 1.35 2.41
12 BT Asigurări 4.55 2.72 9.59 1.69 6.12 61.07 49.39 0.06 0.20 0.02 0.08 0.09 0.32 0.04 0.13 0.84
13 DELTA Asigurări 100.00 2.03 7.14 1.80 6.54 12.26 4.12 - - - - 0.24 0.84 0.23 0.83 0.63
14 GARANTA 7.61 1.97 6.93 0.79 2.87 148.49 130.48 0.28 0.99 0.21 0.76 0.09 0.33 0.06 0.22 0.61
15 ARDAF 2.25 1.24 4.38 1.71 6.19 -27.18 -32.46 0.03 0.09 0.02 0.08 0.40 1.41 0.28 1.02 0.39
16 KD LIFE 100.00 0.55 1.95 - - - - 0.00 0.00 - 0.00 0.02 - 0.17
17 ASTRA 0.53 0.46 1.61 0.75 2.70 -38.91 -43.33 NA NA 0.00 0.00 0.22 0.78 0.01 0.04 0.14
18 CARPATICA Asig 0.01 0.00 0.01 0.03 0.10 -93.08 -93.58 - - - - - - 0.00 0.00 0.00
19 CERTASIG 0.32 0.00 0.01 0.02 0.09 -91.79 -92.39 - - - - - - - - 0.00
TOTAL TOP 10 305.79 1,077.75 246.40 892.81 24.10 15.11 4.45 15.69 7.70 27.92 65.28 230.07 23.69 85.84 94.81
TOTAL ACTIVE
19.86 322.54 1,136.78 259.36 939.76 24.36 15.35 5.73 20.18 8.72 31.58 7.65 238.42 24.68 89.43 100.00
COMPANIES IN 2006
TOTAL 19.86 322.54 1,136.78 286.47 1,038.00 12.59 4.43 5.73 20.18 8.92 32.32 67.78 238.88 26.88 97.39 100.00
*estimation.
**ASITO KAPITAL, BCR Asigurări, MEDAS, SARA MERKUR and UNITA amounted EUR 27.11 million from Life Insurance during 2005. In 2006 those companies are no longer active in the Life Insurance Market.
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Subscribing packages starting EUR 99. Online payments available Insurance PROFILE Review - industry quarterly
Life insurance, annuities and supplementary Life insuranceand annuities related to

insurance GWP in 2006 investments funds insurance GWP in 2006
% % GROSS WRITTEN PREMIUM Nominal Real % % GROSS WRITTEN PREMIUM Nominal Real
in all in life change change in all in life 2006 2005 change change
No. Company GWP GWP 2006 2005 in EUR in RON No. Company GWP GWP in EUR in RON
EUR m. RON m. EUR m. RON m. % % EUR m. RON m. EUR m. RON m. % %
1 ING Asig. de Viaţă 33.79 34.14 41.79 147.28 36.56 132.48 14.29 6.01 1 ING Asig. de Viaţă 5.18 5.86 80.60 284.06 70.54 255.59 14.26 5.98
2 ASIROM 15.14 100.00 25.80 90.92 22.79 82.57 13.20 4.99 2 ALLIANZ-ŢIRIAC 4.89 2.62 15.49 4.59 12.03 3.57 28.80 19.46
3 GRAWE 100.00 100.00 18.31 64.54 9.70 35.15 88.77 75.09 3 INTERAMERICAN 5.76 1.17 0.87 3.06 0.43 1.54 104.47 89.66
4 ASIBAN 14.05 100.00 17.41 61.38 24.33 88.17 -28.43 -33.62 4 KD LIFE 7.61 7.61 0.49 1.71 - - - -
5 OMNIASIG Life 96.80 100.00 13.50 47.59 11.16 40.45 20.93 12.17 5 ARDAF 0.12 5.28 0.07 0.23 0.06 0.23 3.77 -3.75
6 ALLIANZ-ŢIRIAC 2.92 37.38 9.25 32.59 6.01 21.78 53.86 42.71 6 GENERALI* 0.01 0.07 0.01 0.03 - - - -
7 GENERALI* 10.01 73.47 8.55 30.12 4.86 17.62 75.79 63.05 7 OMNIASIG Life - - - - 3.82 3.84 - -
8 INTERAMERICAN 45.80 88.83 6.91 24.35 5.74 20.80 20.33 11.61 8 AIG LIFE - - - - 3.62 13.11 - -
9 BT Asigurări 4.55 100.00 2.72 9.59 1.69 6.12 61.07 49.39 9 AVIVA NA NA NA NA 9.47 4.30 - -
10 DELTA Asigurări 100.00 100.00 2.03 7.14 1.80 6.54 12.26 4.12 TOTAL** 6.00 0.23 97.51 343.69 99.96 362.19
11 GARANTA 7.61 100.00 1.97 6.93 0.79 2.87 148.49 130.48 *estimation.
12 ARDAF 2.03 90.14 1.12 3.95 0.95 3.43 18.26 9.69 **The values within the “TOTAL” row represent the sum of all available indicators for each company.
The figures for 2005 are presented as published in the ISC Report 2005.
13 ASTRA 0.53 100.00 0.46 1.61 0.75 2.70 -38.91 -43.33
14 KD LIFE 12.39 12.39 0.07 0.24 - - - -
15 CARPATICA Asig 0.01 100.00 0.00 0.01 0.03 0.10 -93.08 -93.58
16 CERTASIG 0.32 100.00 0.00 0.01 0.02 0.09 -91.79 -92.39
17 AIG LIFE NA NA NA NA 24.24 87.84 NA NA
18 AVIVA NA NA NA NA 3.96 14.35 NA NA
TOTAL** 9.23 46.47 149.88 528.24 182.41 660.96
*estimation.
**The values within the “TOTAL” row represent the sum of all available indicators for each company. The
figures for 2005 are presented as published in the ISC Report 2005.
www.insuranceprofile.ro 11 Year V - no.1/2007 (14)

NON LIFE INSURANCE
a top on the move

Except ALLIANZ-TIRIAC, the absolute leader on the general ASIROM underwrote last year EUR 145 million and lost 3,4
insurances’ market in 2006, all the other companies from market share. Almost 7% was the nominal increase in euro
Top 10 obtained results that caused changes in top. while the real evolution was -1%.
First 9 companies out of the first 10 changed their positions BCR Asigurari had the most spectacular ascension in top.
in top last year. The company increased its market share with 2,75% and
The amount of gross written premiums on the general climbed 3 positions until 4th place. BCR Asigurari
underwrote in 2006 gross premiums which exceeded EUR
insurance segment last year was EUR 1.3 billion ( RON 4.6
120 million, up with almost 99% in nominal, in European
billion), meaning over 80% from the gross written
currency. The real evolution in national currency was
premiums realized by the entire insurance market. The
84,4%.
nominal increase in euro was 40% and the real evolution
in national currency exceeded 29%. With a nominal enhance in euro above the market’s
average (almost 51%) and with more than EUR 120 million
The first 10 insurers underwrote EUR 1.6 billion and lost
gross written premiums, ASIBAN is one of the 5 companies
0,6% market share. The market’s concentration degree in of Top 10 which increased their market share during the
2006 was 89,1%. analyzed period. However, ASIBAN lost one place and
With a 22,42%, ALLIANZ-TIRIAC remains the leader of the occupied the 5th position at the end of last year.
general insurances’ market. The company registered ASTRA UNIQA underwrote with EUR 40 million more gross
during the analyzed period a nominal growth in euro of written premiums than 2005. The company registered
almost 32% and underwrote approximate EUR 292 million, over 72% real increase in national currency and a nominal
with EUR 71 million more than the value registered in enhance in euro of almost 86%. This growth, much more
2005. above the market’s average, placed ASTRA on the 6th
OMNIASIG holds the second place in top. With EUR 152 position and added 1,64% to its market share.
million gross written premiums, the company succeeded According to estimations, GENERALI underwrote EUR 260
to surpass the ASIROM’ s results with more than EUR 7 million gross premiums the previous year, up with 143%
million and situated 0,6% market share above ASIROM. comparing to 2005. The company’s real evolution in
OMNIASIG grew nominal in euro with almost 31% and national currency was approximate 126%. So the insurer
registered a real evolution in national currency over 21% gained 2,4% market share and climbed 2 positions until
during the analyzed period. 7th place.
Gross written premiums for non-life insurance in 2006 EUR m.
0 50 100 150 200 250 300 350

ALLIANZ-ŢIRIAC
OMNIASIG
ASIROM
BCR Asigurări
ASIBAN
ASTRA - UNIQA
GENERALI*
UNITA Top 10 - market shares, 2006 for life insurance
BT Asigurări No. Company GWP Market share 2006 Nominal PAID
2006 change CLAIMS
ARDAF
in EUR 2006
CARPATICA Asigurări OTHER COMPANIES 10.90
EUR m. % % EUR m.
GARANTA
1 ALLIANZ-ŢIRIAC 291.86 22.42 31.91 164.31
AIG România 2 OMNIASIG 152.10 11.69 30.72 81.40
ASITRANS 3 ASIROM 144.64 11.11 6.74 87.35
ASITO KAPITAL 4 BCR Asigurări 120.29 9.24 2006 98.81 71.38
INTERAMERICAN 5 ASIBAN 106.52 8.18 50.75 66.81
GENERAL
RAI 6 ASTRA - UNIQA 85.87 6.60 85.67 34.72
INSURANCE
AGRAS 7 GENERALI* 73.77 5.67 143.27 NA
NBG ASIGURĂRI 8 UNITA 73.55 5.65 11.61 50.22
OTP Garancia Asigurări 9 BT Asigurări 57.14 4.39 112.11 28.45
10 ARDAF 54.02 4.15 -14.06 33.02
TOTAL TOP 10 1,159.76 89.10 38.64 617.66
*estimation.
12 Insurance PROFILE Review - industry quarterly

UNITA lost 3 places, on the background of a real increase

over 3,5% and a nominal growth in euro of almost 12%. NOTE
During the analyzed period the company underwrote EUR Currency conversions were calculated for an average exchange rate of
74 million and succeeded in placing itself on 8th position
RON/EUR of:
BT Asigurari realized the second enhance in relative value
among the first 10 companies on the general insurance RON 3.5245/ EUR – in 2006
market. Last year the company exceeded in euro the RON 3.6234/ EUR – in 2005
double of premiums’ value realized in 2005. BT Asigurari
registered a nominal increase in euro over 112% and a real
evolution in national currency of almost 97%. So the The following values of macroeconomic indicators in the analyzed period
company added 1,5% market share and occupied the 9th (December 2005 – December 2006) were taken into consideration:
position.
ARDAF underwrote EUR 63 million gross premiums, with POPULATION: 21,733,556 inhabitants
EUR 9 million less than the 2005’s results. ARDAF is the only
company from Top 10 with a decrease both nominal in INFLATION RATE: 4.87%
euro and real in national currency. The insurer decreased Sources: National Bank of Romania; National Institute of Statistics
with 14% in euro and registered a real evolution of -20,28%.
With such results ARDAF gave in 4 positions in Top , being
on the 10th place, with 2,6% market share.
Non-life insurance financial indicators 2006 UNAUDITED DATA Source: the insurance companies’ statements
Weight in GROSS WRITTEN PREMIUM Nominal Real PREMIUMS CEDED IN REINSURANCE PAID CLAIMS Market
the own change inchange in share
No. Company portfolio 2006 2005 EUR RON 2006 2005 2006 2005 2006
% EUR m. RON m. EUR m. RON m. % % EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m. %
1 ALLIANZ-ŢIRIAC 92.19 291.86 1,028.66 221.25 801.68 31.91 22.35 155.96 549.68 88.17 319.48 164.31 579.10 114.85 416.13 22.42
2 OMNIASIG 100.00 152.10 536.07 116.36 421.61 30.72 21.25 25.94 91.43 17.18 62.25 81.40 286.90 46.98 170.23 11.69
3 ASIROM 84.86 144.64 509.77 135.51 491.00 6.74 -1.00 12.31 43.40 10.35 37.52 87.35 307.87 80.48 291.59 11.11
4 BCR Asigurări 100.00 120.29 423.96 60.51 219.23 98.81 84.40 59.63 210.18 25.09 90.90 71.38 251.57 30.81 111.64 9.24
5 ASIBAN 85.95 106.52 375.44 70.66 256.03 50.75 39.83 18.53 65.31 23.18 83.98 66.81 235.49 36.23 131.28 8.18
6 ASTRA - UNIQA 99.47 85.87 302.67 46.25 167.59 85.67 72.21 NA NA 3.48 12.62 34.72 122.36 24.76 89.72 6.60
7 GENERALI* 86.38 73.77 260.00 30.32 109.88 143.27 125.64 NA NA 17.91 64.91 NA NA 16.55 59.97 5.67
8 UNITA 100.00 73.55 259.22 65.90 238.76 11.61 3.53 22.65 79.84 19.23 69.68 50.22 176.98 35.43 128.39 5.65
9 BT Asigurări 95.45 57.14 201.40 26.94 97.62 112.11 96.74 11.45 40.36 5.09 18.43 28.45 100.28 7.91 28.65 4.39
10 ARDAF 97.75 54.02 190.39 62.85 227.74 -14.06 -20.28 2.94 10.37 2.59 9.38 33.02 116.37 32.20 116.67 4.15
11 CARPATICA Asig 99.99 31.78 112.01 15.28 55.36 107.99 92.92 5.90 20.81 2.39 8.66 14.30 50.41 7.10 25.71 2.44
12 GARANTA 92.39 23.89 84.20 10.16 36.82 135.10 118.06 18.49 65.15 6.86 24.84 14.33 50.50 6.06 21.97 1.84
13 AIG România 100.00 21.33 75.17 22.02 79.77 -3.12 -10.14 19.55 68.91 20.29 73.53 1.33 4.68 0.96 3.48 1.64
14 ASITRANS 100.00 18.84 66.40 7.25 26.27 159.83 141.00 8.89 31.32 1.74 6.29 5.82 20.50 2.29 8.31 1.45
15 ASITO KAPITAL 100.00 8.69 30.63 6.55 23.73 32.68 23.07 6.61 23.29 5.97 21.64 3.67 12.92 0.54 1.95 0.67
16 INTERAMERICAN 48.44 7.31 25.75 6.74 24.42 8.41 0.55 2.53 8.90 2.27 8.23 4.79 16.88 4.70 17.04 0.56
17 RAI 100.00 6.82 24.05 5.59 20.26 22.04 13.19 0.24 0.83 0.18 0.64 2.36 8.31 1.84 6.68 0.52
18 AGRAS 100.00 6.18 21.79 10.09 36.55 -38.72 -43.16 0.18 0.64 1.00 3.61 2.74 9.67 5.13 18.60 0.48
19 NBG ASIGURĂRI 100.00 4.14 14.61 3.98 14.40 4.26 -3.30 2.37 8.35 2.32 8.41 1.92 6.76 1.33 4.84 0.32
20 OTP Garancia 100.00 3.54 12.48 2.66 9.65 33.01 23.37 0.06 0.23 0.05 0.19 1.43 5.03 1.14 4.12 0.27
21 ABC Asigurări 100.00 2.25 7.94 0.99 3.59 127.54 111.06 0.59 2.08 0.33 1.21 0.68 2.39 0.23 0.83 0.17
22 EUROASIG 100.00 1.35 4.76 0.43 1.55 216.21 193.29 0.35 1.22 0.04 0.16 0.33 1.17 0.06 0.21 0.10
23 ING Asig. de Viaţă 1.03 1.28 4.50 - - - - 0.01 0.03 - - 0.40 1.41 - - 0.10
24 CITY Insurance 100.00 1.17 4.13 0.99 3.59 18.28 9.71 0.04 0.13 0.04 0.13 NA NA 0.11 0.38 0.09
25 DELTA Addendum 100.00 1.11 3.92 1.14 4.11 -2.07 -9.16 0.17 0.61 0.13 0.46 0.33 1.15 0.45 1.64 0.09
26 GERROMA 100.00 0.81 2.85 0.61 2.19 33.36 23.70 - - - - 0.01 0.05 0.01 0.04 0.06
27 CERTASIG 99.68 0.62 2.19 0.10 0.37 512.10 467.75 - - 0.04 0.14 0.02 0.06 0.08 0.28 0.05
28 OMNIASIG Life 3.20 0.45 1.57 - - - - - - - - - - - - 0.03
29 IRASIG 100.00 0.22 0.77 0.23 0.82 -3.06 -10.08 0.04 0.13 0.08 0.29 0.02 0.06 0.01 0.02 0.02
30 ASIROM CONCORDIA 100.00 0.12 0.42 0.10 0.37 16.55 8.11 - - - - 0.02 0.06 0.05 0.17 0.01
TOTAL TOP 10 1,159.76 4,087.57 836.55 3,031.14 38.64 28.59 309.43 1,090.57 212.27 769.14 617.66 2,176.94 426.19 1,544.27 89.10
TOTAL 80.14 1,301.66 4,587.69 932.60 3,379.17 39.57 29.46 375.43 1,323.20 256.07 927.83 672.14 2,368.97 458.51 1,661.36 100.00
*estimation

GENERAL INSURANCE
MOTOR INSURANCE
OVERALL MOTOR INSURANCE 2006: MOTOR HULL, MOTOR COMPULSORY THIRD PART LIABILITY
AND GREEN CARD INSURANCE INCLUDED
UNAUDITED DATA Source: the insurance companies’ statements
the own change change share
No. Company portfolio 2006 2005 in EUR in RON 2006 2005 2006 2005 2006
1 ALLIANZ-ŢIRIAC 68.07 215.49 759.49 166.01 601.53 29.80 20.40 NA NA 56.88 206.11 NA NA 102.67 372.02 24.55
2 ASIROM 68.70 117.09 412.67 111.04 402.33 5.45 -2.19 1.80 6.35 1.60 5.81 82.56 290.98 74.91 271.42 13.34
3 OMNIASIG 66.37 100.95 355.79 71.08 257.54 42.03 31.73 3.55 12.52 2.21 8.02 65.66 231.44 37.94 137.46 11.50
4 ASIBAN 60.86 75.43 265.84 41.64 150.88 81.13 68.01 0.58 2.03 0.18 0.65 46.02 162.21 20.82 75.45 8.59
5 ASTRA - UNIQA 70.74 61.07 215.24 35.10 127.20 73.96 61.36 NA NA NA NA 31.59 111.35 21.80 78.97 6.96
6 UNITA 82.67 60.80 214.31 58.18 210.81 4.51 -3.06 14.23 50.16 13.72 49.70 49.25 173.59 34.84 126.24 6.93
7 BCR Asigurări 43.54 52.38 184.60 28.62 103.71 83.00 69.74 0.75 2.64 0.80 2.89 31.61 111.40 15.62 56.61 5.97
9 BT Asigurări 78.29 46.87 165.19 21.20 76.82 121.08 105.06 10.41 36.67 4.43 16.03 26.46 93.26 7.10 25.74 5.34
10 ARDAF 78.68 43.48 153.23 50.28 182.17 -13.52 -19.79 0.81 2.84 0.81 2.94 30.79 108.53 28.50 103.26 4.95
11 CARPATICA Asig 75.46 23.98 84.53 12.06 43.71 98.81 84.41 5.31 18.72 2.02 7.32 13.41 47.28 6.72 24.35 2.73
12 ASITRANS 86.70 16.33 57.56 5.02 18.20 225.08 201.52 8.42 29.67 0.38 1.37 5.66 19.94 2.05 7.43 1.86
13 INTERAMERICAN 30.67 4.63 16.30 4.97 18.01 -6.94 -13.69 1.38 4.85 1.43 5.18 4.22 14.88 4.16 15.08 0.53
14 RAI 37.93 2.59 9.12 1.96 7.09 32.28 22.70 0.05 0.17 0.03 0.11 2.02 7.11 1.51 5.46 0.29
15 OTP Garancia Asigurări 63.99 2.27 7.99 1.92 6.95 18.22 9.65 0.03 0.12 0.03 0.09 1.40 4.94 1.09 3.97 0.26
16 NBG ASIGURĂRI 53.89 2.23 7.87 1.55 5.60 44.55 34.08 1.16 4.10 0.77 2.78 1.39 4.91 0.87 3.17 0.25
17 ABC Asigurări 75.94 1.71 6.03 0.81 2.94 110.51 95.26 0.36 1.26 0.23 0.83 0.62 2.18 0.16 0.57 0.19
18 GARANTA 4.65 1.20 4.24 0.99 3.59 21.42 12.62 0.48 1.69 0.40 1.43 1.16 4.09 0.89 3.21 0.14
19 ASITO KAPITAL 9.04 0.79 2.77 0.59 2.12 34.19 24.46 0.61 2.14 0.46 1.66 0.41 1.43 0.35 1.27 0.09
20 EUROASIG 44.18 0.60 2.10 0.25 0.91 137.40 120.20 0.33 1.16 0.03 0.12 0.30 1.06 0.05 0.19 0.07
21 DELTA Addendum 45.47 0.51 1.78 0.49 1.77 3.71 -3.80 0.07 0.23 0.04 0.15 0.26 0.90 0.39 1.43 0.06
22 CERTASIG 24.03 0.15 0.53 0.01 0.05 999.28 919.62 - - 0.00 0.02 0.02 0.06 0.07 0.27 0.02
23 CITY Insurance 0.05 0.00 0.00 0.00 0.01 -72.39 -74.39 - - - - NA NA 0.00 0.01 0.00
24 AGRAS** - - - 6.00 21.74 - - - - 0.47 1.69 - - 3.28 11.89 -
TOTAL TOP 10 820.88 2,893.20 600.12 2,174.46 36.79 26.88 32.12 113.21 88.97 322.36 363.95 1,282.74 353.99 1,282.64 93.51
TOTAL 54.05 877.86 3,094.03 636.76 2,307.24 37.86 27.87 50.31 177.33 95.25 345.12 394.81 1,391.51 375.63 1,361.06 100.00
*estimation.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
ARDAF
4.95 %
OTHER > Weight in market portfolio: 54.05 %
6.49 %
BT Asigurări
> Nominal change (EUR): 37.86 %
5.34 % TOP 10 > Real change (RON): 27.87 %
93.51 %
GENERALI* > Concentration degree (first ten companies): 93.51 %
5.39 % Allianz-Ţiriac
24.55 %
2006
TOP 10
BCR Asigurări
5.97 % MOTOR
INSURANCE
UNITA
6.93 %
ASIROM
ASTRA UNIQA
13.34 %
6.96%
ASIBAN OMNIASIG
8.54 % 11.50 %

The most
important
european
spring event
Producer
Organizer
FIAR Consult
Sinaia, ROMANIA May 21st - 25th, 2007
official publication With the official support and participation Official PartnerS
Media Partners (Romania)

The Insurance Supervisory Comission
With the special support of

General Media Partner (russia)
General Media SuPporter (Russia & CSI) The National Association of Insurance The National Union of Insurance
and Reinsurance Companies from Brokerage and Consultancy Societies
Romania from Romania
Media partners
Austrian Insurance Association The League of Insurance
Organizations of Ukraine
Partners
Contact person:
Georgiana OPREA
Registration at www.fiar.ro 0040 722 529 885, 0040 788 409 217, 0040 21 252 46 72
e-mail: info@fiar.ro
GENERAL INSURANCE
MOTOR INSURANCE
MOTOR HULL INSURANCE CLASS 2006
2 ASIROM 35.62 60.72 213.99 48.79 176.78 24.45 15.43 1.01 3.56 0.92 3.33 49.57 174.72 40.07 145.18 11.47
3 ASIBAN 42.86 53.12 187.23 32.26 116.88 64.70 52.76 0.37 1.31 0.18 0.65 34.00 119.84 16.60 60.15 10.04
4 OMNIASIG 34.77 52.88 186.39 37.82 137.05 39.82 29.69 2.33 8.22 0.84 3.04 35.87 126.42 22.73 82.37 9.99
5 BCR Asigurări 35.29 42.45 149.60 23.75 86.07 78.69 65.75 0.59 2.06 0.80 2.89 27.03 95.25 13.56 49.14 8.02
7 UNITA 38.64 28.42 100.15 31.23 113.15 -9.00 -15.60 12.26 43.20 13.15 47.63 27.93 98.45 21.32 77.24 5.37
8 BT Asigurări 32.90 19.70 69.42 8.66 31.39 127.38 110.90 9.77 34.42 4.25 15.41 13.45 47.40 4.97 17.99 3.72
10 ARDAF 23.08 12.75 44.95 14.00 50.73 -8.90 -15.50 0.23 0.80 0.08 0.29 14.91 52.55 13.28 48.11 2.41
11 CARPATICA Asig 27.58 8.77 30.90 3.60 13.04 143.49 125.84 1.44 5.06 1.69 6.13 6.52 23.00 3.13 11.36 1.66
12 ASITRANS 21.86 4.12 14.51 0.98 3.55 320.08 289.64 1.79 6.33 0.38 1.37 2.44 8.62 1.04 3.78 0.78
13 INTERAMERICAN 19.41 2.93 10.32 2.98 10.81 -1.84 -8.95 1.38 4.85 1.43 5.18 2.98 10.52 2.66 9.63 0.55
14 RAI 37.70 2.57 9.07 1.94 7.03 32.65 23.04 0.05 0.17 0.03 0.11 2.00 7.04 1.49 5.40 0.49
15 NBG ASIGURĂRI 53.89 2.23 7.87 1.55 5.60 44.55 34.08 1.16 4.10 0.77 2.78 1.39 4.91 0.87 3.17 0.42
16 GARANTA 4.65 1.20 4.24 0.99 3.59 21.36 12.57 0.48 1.69 0.40 1.43 1.16 4.09 0.89 3.21 0.23
17 ASITO KAPITAL 9.04 0.79 2.77 0.59 2.12 34.19 24.46 0.61 2.14 0.46 1.66 0.41 1.43 0.35 1.27 0.15
19 EUROASIG 44.18 0.60 2.10 0.25 0.91 137.40 120.20 0.33 1.16 0.03 0.12 0.30 1.06 0.05 0.19 0.11
20 ABC Asigurări 23.62 0.53 1.88 0.36 1.30 47.93 37.21 0.25 0.90 0.23 0.83 0.26 0.91 0.10 0.35 0.10
21 DELTA Addendum 45.47 0.51 1.78 0.49 1.77 3.71 -3.80 0.07 0.23 0.04 0.15 0.26 0.90 0.39 1.43 0.10
22 CERTASIG 24.03 0.15 0.53 0.01 0.05 999.28 919.62 - - 0.00 0.02 0.02 0.06 0.07 0.27 0.03
23 CITY Insurance 0.05 0.00 0.00 0.00 0.01 -72.39 -74.39 - - - - NA NA 0.00 0.01 0.00
26 AGRAS** - - - 1.34 4.85 - - - - 0.43 1.55 - - 0.95 3.43 -
TOTAL TOP 10 504.08 1,776.65 354.83 1,285.71 42.06 31.77 26.55 93.58 85.43 309.53 213.89 753.86 241.46 874.92 95.26
TOTAL 32.58 529.16 1,865.04 370.37 1,342.00 42.87 32.52 34.14 120.33 91.34 330.97 232.09 818.01 253.76 919.48 100.00
*estimation.
ARDAF OTHER
2.41 % 4.74 % > Weight in market portfolio: 32.58 %
ASTRA - uniqa
3.50 %
TOP 10 > Nominal change (EUR): 42.87 %
BT ASIGURARI
95.26 %
> Real change (RON): 32.52 %
3.72 %
Allianz-Ţiriac > Concentration degree (first ten companies): 95.26 %
32.74 %
UNITA
5.37 % 2006
TOP 10
GENERALI*
MOTOR HULL
7.99 % INSURANCE
CLASS
BCR Asigurari Asirom
8.02 % 11.47 %
OMNIASIG ASIBAN
9.99 % 10.04 %

MOTOR TPL INSURANCE CLASS 2006 (compulsory TPL and Green Card)
1 ASIROM 33.08 56.37 198.68 62.25 225.55 -9.44 -16.01 0.79 2.79 0.68 2.48 32.98 116.26 34.84 126.24 16.17
2 OMNIASIG 31.60 48.06 169.40 33.25 120.49 44.54 34.06 1.22 4.30 1.37 4.98 29.79 105.01 15.20 55.09 13.78
4 ALLIANZ-ŢIRIAC 13.34 42.24 148.86 33.53 121.51 25.95 16.82 NA NA NA NA NA NA 10.98 39.79 12.11
5 UNITA 44.04 32.39 114.15 26.95 97.65 20.17 11.47 1.97 6.96 0.57 2.07 21.32 75.14 13.52 49.00 9.29
6 ARDAF 55.59 30.72 108.28 36.28 131.44 -15.31 -21.45 0.58 2.04 0.73 2.65 15.88 55.98 15.22 55.15 8.81
7 BT Asigurări 45.39 27.17 95.77 12.54 45.43 116.73 101.03 0.64 2.25 0.17 0.62 13.01 45.86 2.14 7.74 7.79
8 ASIBAN 17.99 22.30 78.60 9.38 34.00 137.64 120.42 0.20 0.72 - - 12.02 42.36 4.22 15.30 6.40
9 CARPATICA Asig 47.88 15.22 53.63 8.46 30.67 79.81 66.78 3.88 13.66 0.33 1.19 6.89 24.28 3.59 12.99 4.36
10 ASITRANS 64.84 12.22 43.05 4.04 14.65 202.06 180.17 6.62 23.35 - - 3.21 11.32 1.01 3.65 3.50
11 BCR Asigurări 8.26 9.93 35.00 4.87 17.64 104.01 89.23 0.16 0.57 - - 4.58 16.14 2.06 7.47 2.85
12 GENERALI* 5.95 5.08 17.90 0.24 0.86 2,045.90 1,890.40 NA NA 0.01 0.04 NA NA NA NA 1.46
13 INTERAMERICAN 11.26 1.70 5.98 1.99 7.20 -14.60 -20.79 NA NA NA NA 1.24 4.37 1.50 5.45 0.49
14 OTP Garancia Asigurări 44.52 1.58 5.56 1.48 5.37 6.41 -1.30 NA NA NA NA 0.94 3.30 0.84 3.04 0.45
15 ABC Asigurări 52.31 1.18 4.15 0.45 1.64 160.22 141.36 0.10 0.36 NA NA 0.36 1.28 0.06 0.22 0.34
16 RAI 0.24 0.02 0.06 0.02 0.06 -8.23 -14.88 NA NA NA NA 0.02 0.07 0.02 0.05 0.00
17 GARANTA 0.00 0.00 0.00 0.00 0.00 875.20 804.54 0.00 0.00 - - NA NA NA NA 0.00
18 AGRAS** - - - 4.66 16.89 - - - - 0.04 0.14 - - 2.34 8.46 -
TOTAL TOP 10 329.22 1,160.34 252.68 915.58 30.29 20.85 15.91 56.07 3.86 13.98 155.58 548.34 115.06 416.90 94.41
TOTAL 21.47 348.70 1,229.00 266.39 965.24 30.90 21.41 16.17 57.00 3.91 14.16 162.72 573.50 121.87 441.58 100.00
*estimation.
ASITRANS
3.50 %
OTHER
5.59 % > Weight in market portfolio: 21.47 %
Carpatica Asig TOP 10 > Nominal change (EUR): 30.90 %
4.36 % 94.41 %
Asirom
asiban
6.40 %
16.17 % > Concentration degree (first ten companies): 94.41 %
BT ASIGURARI
7.79 % 2006
TOP 10 Omniasig
COMPULSORY 13.78 %
MTPL
ARDAF ASTRA - UNIQA
8.81 % 12.20 %
UNITA ALLIANZ-ŢIRIAC
9.29 % 12.11 %

GENERAL INSURANCE
PROPERTY INSURANCE 2006
FIRE AND ALLIED PERILS INSURANCE AND DAMAGES TO PROPERTY INSURANCE INCLUDED
the own change in change in share
2 OMNIASIG 15.43 23.47 82.71 16.91 61.28 38.74 28.69 12.95 45.63 5.95 21.55 3.64 12.82 3.14 11.38 11.93
3 ASIROM 11.37 19.38 68.30 16.70 60.52 16.03 7.63 7.25 25.57 5.70 20.64 3.49 12.29 4.30 15.57 9.85
4 AIG România 80.31 17.13 60.37 18.11 65.62 -5.41 -12.27 16.95 59.74 17.84 64.64 1.12 3.93 0.72 2.62 8.71
6 BCR Asigurări 11.26 13.54 47.73 9.89 35.84 36.91 26.99 10.06 35.45 5.84 21.14 0.94 3.31 0.97 3.53 6.89
7 ASIBAN 9.03 11.19 39.45 7.10 25.71 57.74 46.31 7.11 25.06 3.65 13.21 0.65 2.27 0.82 2.97 5.69
8 UNITA 14.87 10.94 38.55 5.93 21.50 84.31 70.95 8.16 28.77 4.89 17.71 0.67 2.34 0.33 1.18 5.56
9 AGRAS 100.00 6.18 21.79 3.94 14.26 57.08 45.70 0.18 0.64 0.51 1.84 2.74 9.67 1.84 6.65 3.14
10 ASITO KAPITAL 66.53 5.78 20.38 5.05 18.32 14.37 6.08 5.63 19.84 4.94 17.89 2.51 8.86 0.18 0.64 2.94
11 BT Asigurări 8.17 4.89 17.23 3.06 11.10 59.52 47.96 0.78 2.73 0.62 2.25 0.84 2.97 0.36 1.32 2.49
13 ARDAF 8.48 4.69 16.52 5.39 19.51 -12.98 -19.28 1.21 4.28 0.59 2.15 0.58 2.03 0.74 2.68 2.38
14 CARPATICA Asig 12.22 3.88 13.68 0.78 2.82 398.89 362.74 0.57 2.01 0.25 0.90 0.36 1.28 0.05 0.18 1.97
15 GARANTA 9.57 2.47 8.72 1.73 6.28 42.78 32.43 2.11 7.42 1.41 5.09 0.21 0.75 0.12 0.43 1.26
16 NBG ASIGURĂRI 33.58 1.39 4.90 1.70 6.14 -17.92 -23.87 1.08 3.79 1.43 5.17 0.20 0.69 0.22 0.80 0.71
17 INTERAMERICAN 8.51 1.28 4.52 0.94 3.41 36.17 26.30 0.89 3.15 0.70 2.54 0.21 0.75 0.24 0.87 0.65
18 OTP Garancia 19.56 0.69 2.44 0.27 0.97 159.93 141.10 0.03 0.11 0.03 0.10 0.01 0.03 0.01 0.03 0.35
19 ASITRANS 2.73 0.51 1.81 0.20 0.71 162.43 143.41 0.33 1.15 0.15 0.53 0.01 0.05 0.02 0.08 0.26
20 DELTA Addendum 42.41 0.47 1.66 0.44 1.61 6.23 -1.47 0.11 0.37 0.05 0.19 0.02 0.06 0.02 0.07 0.24
21 ABC Asigurări 14.29 0.32 1.13 0.12 0.44 165.94 146.67 0.20 0.70 0.09 0.31 0.04 0.16 0.07 0.26 0.16
22 RAI 3.56 0.24 0.86 0.16 0.59 48.41 37.65 0.18 0.62 0.13 0.48 0.03 0.09 0.01 0.04 0.12
23 IRASIG 67.77 0.15 0.52 0.19 0.68 -20.71 -26.46 0.03 0.10 0.07 0.26 0.02 0.06 0.01 0.02 0.08
24 EUROASIG 8.34 0.11 0.40 0.04 0.16 158.12 139.42 0.01 0.03 0.01 0.02 0.00 0.01 0.00 0.00 0.06
25 CERTASIG 2.02 0.01 0.04 0.04 0.16 -71.32 -73.40 NA NA 0.03 0.10 NA NA 0.00 0.00 0.01
26 CITY Insurance 0.27 0.00 0.01 0.01 0.04 -70.92 -73.03 0.00 0.01 0.01 0.04 NA NA 0.00 0.01 0.00
TOTAL TOP 10 170.84 602.12 131.11 475.05 30.31 20.86 68.29 240.70 75.61 273.96 15.75 55.51 28.88 104.65 86.87
TOTAL 12.11 196.67 693.15 149.00 539.89 31.99 22.43 75.80 267.17 81.17 294.10 19.17 67.57 31.81 115.25 100.00
*estimation.
ASITO KAPITAL Other > Weight in market portfolio: 12.11 %

2.94 % 13.13 %
TOP 10
agras 86.87 % > Real change (RON): 22.43 %
3.14 %
Allianz-Ţiriac
> Concentration degree (first ten companies): 86.87 %
24.19 %
UNITA
5.56 % 2006
TOP 10
ASIBAN PROPERTY
5.69 % INSURANCE OMNIASIG
11.93 %
BCR ASIGURĂRI
6.89 % ASIROM
9.85 %
generali AIG România

7.96 % 8.71 %

Cu Sprijinul Oficial al
CONFERINŢA NAŢIONALĂ
A ASIGURĂRILOR DE SĂNĂTATE
Eveniment organizat de
Cu Sprijinul
Joi, 19 aprilie 2007, ora 09:30

Sala Nicolae BĂLCESCU, Palatul PARLAMENTULUI, Bucureşti
Dezbatere asupra normelor asigurărilor

voluntare de sănătate
Parteneriatul dintre furnizorii de servicii de
Partener Principal
sănătate şi companiile de asigurare
Produse actuale şi posibilităţi de dezvoltare
Publicaţii Oficiale
Pentru înscrieri şi informaţii suplimentare:

Georgiana OPREA, Event Coordinator
Partener Media Exclusiv TV mobil: 0788.409.217, tel.: (021) 252 46 72; fax: (021) 252 46 73
e-mail: evenimente@mxp.ro
Pentru publicitate şi promovarea imaginii companiei:
Photo: Dreamstime
Alexandru CIUNCAN, Director Eveniment

mobil: 0788.481.117, tel.: (021) 252 46 72; fax: (021) 252 46 73;
e-mail: alexandru.ciuncan@mxp.ro
FIRE AND ALLIED PERILS INSURANCE 2006

No. Company Weight in GROSS WRITTEN PREMIUM Nominal Real PREMIUMS CEDED IN REINSURANCE PAID CLAIMS Market
portfolio 2006 2005 EUR RON 2006 2005 2006 2005 2006
2 OMNIASIG 14.72 22.38 78.89 15.82 57.33 41.47 31.22 11.51 40.55 5.88 21.31 3.17 11.17 2.78 10.09 14.91
3 ASIROM 8.76 14.94 52.64 12.76 46.22 17.09 8.61 6.95 24.49 5.42 19.63 2.45 8.63 2.88 10.44 9.95
4 UNITA 14.87 10.94 38.55 5.93 21.50 84.31 70.95 8.16 28.77 4.89 17.71 0.67 2.34 0.33 1.18 7.29
5 BCR Asigurări 8.99 10.81 38.10 8.50 30.78 27.23 18.01 8.17 28.80 5.04 18.25 0.87 3.08 0.94 3.41 7.20
6 ASIBAN 8.30 10.29 36.27 6.70 24.28 53.56 42.43 6.69 23.57 3.48 12.60 0.47 1.67 0.67 2.42 6.86
8 ASITO KAPITAL 66.53 5.78 20.38 5.05 18.32 14.37 6.08 5.63 19.84 4.94 17.89 2.51 8.86 0.18 0.64 3.85
9 BT Asigurări 8.07 4.83 17.03 3.00 10.89 60.88 49.22 0.78 2.73 0.62 2.25 0.84 2.97 0.36 1.32 3.22
10 AIG România 21.83 4.66 16.41 16.12 58.42 -71.12 -73.21 4.48 15.80 15.89 57.59 1.11 3.90 0.68 2.46 3.10
11 CARPATICA Asig 12.15 3.86 13.61 0.77 2.81 398.55 362.43 0.57 1.99 0.25 0.90 0.36 1.28 0.05 0.17 2.57
12 ARDAF 6.84 3.78 13.31 4.71 17.06 -19.77 -25.59 0.95 3.34 0.25 0.92 0.35 1.25 0.61 2.21 2.52
14 GARANTA 9.39 2.43 8.56 1.68 6.08 44.80 34.31 2.08 7.32 1.37 4.96 0.21 0.73 0.12 0.43 1.62
15 INTERAMERICAN 8.51 1.28 4.52 0.94 3.41 36.17 26.30 0.89 3.15 0.70 2.54 0.21 0.75 0.24 0.87 0.85
16 NBG ASIGURĂRI 22.26 0.92 3.25 1.17 4.23 -20.92 -26.65 0.71 2.52 0.97 3.50 0.05 0.17 0.09 0.31 0.61
18 ASITRANS 2.25 0.42 1.50 0.15 0.56 177.14 157.06 0.26 0.93 0.12 0.42 0.01 0.05 0.02 0.08 0.28
19 DELTA Addendum 35.24 0.39 1.38 0.44 1.61 -11.73 -18.13 0.11 0.37 0.05 0.19 0.01 0.04 0.02 0.07 0.26
20 ABC Asigurări 14.29 0.32 1.13 0.12 0.44 165.94 146.67 0.20 0.70 0.09 0.31 0.04 0.16 0.07 0.26 0.21
21 RAI 3.56 0.24 0.86 0.16 0.59 48.47 37.71 0.18 0.62 0.13 0.48 0.03 0.09 0.01 0.04 0.16
22 IRASIG 67.55 0.15 0.52 0.19 0.68 -20.97 -26.70 0.03 0.10 0.07 0.26 0.02 0.06 0.01 0.02 0.10
23 EUROASIG 7.97 0.11 0.38 0.04 0.16 146.62 128.75 0.01 0.03 0.01 0.02 0.00 0.01 0.00 0.00 0.07
24 CERTASIG 2.02 0.01 0.04 0.04 0.16 -71.32 -73.40 NA NA 0.03 0.10 NA NA 0.00 0.00 0.01
25 CITY Insurance 0.10 0.00 0.00 0.01 0.03 -83.57 -84.77 0.00 0.00 0.01 0.04 NA NA 0.00 0.01 0.00
26 AGRAS** - - - 0.41 1.48 - - - - 0.12 0.43 - - 0.15 0.55 -
TOTAL TOP 10 131.82 464.60 116.29 421.36 13.36 5.14 52.37 184.57 68.77 249.18 12.09 42.63 24.45 88.61 87.84
TOTAL 9.24 150.08 528.94 129.86 470.54 15.57 7.19 58.38 205.75 72.95 264.33 14.14 49.85 26.85 97.28 100.00
*estimation.
AIG România
3.10 %
Other
12.16%
> Weight in market portfolio: 9.24%
TOP 10 > Nominal change (EUR): 15.57 %
BT Asigurări 87.84 %
3.22 % Allianz-Ţiriac > Real change (RON): 7.19 %
ASITO KAPITAL 24.83 % > Concentration degree (first ten companies): 87.84%
3.85 %
2006
GENERALI TOP 10
6.62 % Fire and allied
perils ins.
OMNIASIG
ASIBAN 14.91 %
6.86 %
ASIROM
9.95 %
BCR Asigurări UNITA

7.20 % 7.29 %
DAMAGES TO PROPERTY INSURANCE, AGRICULTURAL INSURANCE INCLUDED 2006

1 AIG România 58.48 12.47 43.96 1.99 7.19 528.15 482.63 12.47 43.94 1.94 7.05 0.01 0.03 0.04 0.16 26.77
3 AGRAS 100.00 6.18 21.79 3.53 12.78 75.24 62.54 0.18 0.64 0.39 1.42 2.74 9.67 1.68 6.10 13.27
5 ASIROM 2.61 4.44 15.66 3.95 14.30 12.62 4.46 0.30 1.07 0.28 1.01 1.04 3.66 1.42 5.13 9.54
6 BCR Asigurări 2.27 2.73 9.64 1.40 5.06 95.78 81.60 1.89 6.65 0.80 2.89 0.07 0.24 0.03 0.12 5.87
7 OMNIASIG 0.71 1.08 3.82 1.09 3.95 -0.72 -7.92 1.44 5.07 0.07 0.24 0.47 1.65 0.36 1.29 2.33
9 ARDAF 1.64 0.91 3.20 0.68 2.45 34.31 24.57 0.27 0.94 0.34 1.23 0.22 0.78 0.13 0.47 1.95
10 ASIBAN 0.73 0.90 3.18 0.39 1.43 128.73 112.15 0.42 1.49 0.17 0.61 0.17 0.60 0.15 0.55 1.94
11 NBG ASIGURĂRI 11.31 0.47 1.65 0.53 1.92 -11.30 -17.73 0.36 1.27 0.46 1.67 0.15 0.52 0.14 0.49 1.01
12 ASITRANS 0.47 0.09 0.31 0.04 0.15 109.45 94.27 0.06 0.22 0.03 0.11 0.00 0.00 0.00 0.00 0.19
13 DELTA Addendum 7.17 0.08 0.28 - - - - - - - - 0.01 0.02 - - 0.17
14 BT Asigurări 0.09 0.06 0.20 0.06 0.22 -7.96 -14.63 - - - - - - - - 0.12
15 GARANTA 0.18 0.05 0.16 0.06 0.20 -18.05 -23.99 0.03 0.10 0.04 0.13 0.01 0.02 0.00 0.01 0.10
16 CARPATICA Asig 0.07 0.02 0.07 0.00 0.01 470.24 428.92 0.01 0.02 0.00 0.01 - - 0.00 0.01 0.05
17 EUROASIG 0.37 0.01 0.02 - - - - 0.00 0.00 - - - - - - 0.01
18 CITY Insurance 0.17 0.00 0.01 0.00 0.01 -48.05 -51.81 0.00 0.01 - - - - 0.00 0.00 0.00
19 IRASIG 0.22 0.00 0.00 - - - - - - - - - - - - 0.00
20 RAI 0.00 0.00 0.00 0.00 0.00 10.11 2.13 - - 0.00 0.00 - - - - 0.00
TOTAL TOP 10 45.82 161.50 18.43 66.80 148.56 130.55 16.97 59.81 7.68 27.84 4.87 17.17 4.82 17.46 98.35
TOTAL 2.87 46.59 164.20 19.14 69.35 143.43 125.79 17.43 61.42 8.21 29.76 5.03 17.72 4.96 17.98 100.00
*estimation.
ardaf ASIBAN
1.95 % 1.94 %
astra - UNIQA
2.28%
Other
1.65 %
> Weight in market portfolio: 2.87 %
OMNIASIG TOP 10 > Nominal change (EUR): 143.43 %
2.33 % 98.35 %
BCR Asigurări AIG România
5.87 % 26.77 % > Concentration degree (first ten companies): 98.35 %
ASIROM
9.54 % 2006
TOP 10
DAMAGES TO
PROPERTY
INSURANCE
GENERALI
12.28 % ALLIANZ-ŢIRIAC
22.13 %
AGRAS
13.27 %

GENERAL INSURANCE
CREDIT & WARRANTIES INSURANCE 2006
1 BCR Asigurări 42.35 50.94 179.53 20.30 73.55 150.95 132.76 47.68 168.06 17.56 63.63 38.67 136.29 14.01 50.76 44.06
2 GARANTA 63.75 16.48 58.09 5.55 20.12 196.84 175.33 15.34 54.07 4.69 16.99 12.90 45.47 5.02 18.17 14.26
3 ASIBAN 12.59 15.61 55.01 18.18 65.87 -14.14 -20.36 9.38 33.07 10.70 38.76 19.84 69.94 14.39 52.13 13.50
4 OMNIASIG 7.96 12.10 42.66 16.98 61.53 -28.73 -33.89 1.60 5.63 3.37 12.23 8.90 31.35 5.06 18.32 10.47
5 GENERALI* 7.98 6.82 24.03 0.40 1.45 1,606.74 1,483.06 NA NA 0.07 0.26 NA NA 0.12 0.45 5.90
6 ALLIANZ-ŢIRIAC 1.96 6.20 21.84 7.05 25.56 -12.15 -18.51 NA NA 1.70 6.17 NA NA 1.70 6.14 5.36
7 BT Asigurări 5.57 3.34 11.76 2.08 7.52 60.72 49.07 - - -0.00 -0.01 0.87 3.07 0.41 1.49 2.89
8 ASTRA - UNIQA 2.89 2.49 8.78 0.75 2.74 230.12 206.20 NA NA - - 0.12 0.41 0.04 0.15 2.16
9 ASIROM 0.30 0.52 1.83 0.46 1.68 11.92 3.81 0.12 0.43 0.51 1.84 0.15 0.53 0.47 1.72 0.45
10 CARPATICA Asig 1.17 0.37 1.31 0.14 0.52 157.15 138.51 - - - - 0.17 0.59 0.06 0.20 0.32
11 UNITA 0.48 0.36 1.25 0.36 1.30 -1.13 -8.30 - - 0.02 0.06 - - - - 0.31
12 NBG ASIGURĂRI 3.50 0.14 0.51 0.23 0.82 -36.08 -40.71 - - - - 0.28 0.98 0.20 0.73 0.13
13 ARDAF 0.24 0.13 0.46 0.39 1.40 -66.15 -68.60 - - - - 0.00 0.01 0.07 0.25 0.11
14 ASITRANS 0.24 0.05 0.16 0.00 0.00 16,027.71 14,859.00 - - - - - - - - 0.04
15 OTP Garancia 1.05 0.04 0.13 0.03 0.13 7.74 -0.06 - - - - - - - - 0.03
16 RAI 0.27 0.02 0.07 0.00 0.01 605.48 554.35 - - - - 0.00 0.02 - - 0.02
17 DELTA Addendum 0.46 0.01 0.02 0.08 0.31 -93.94 -94.38 - - - - 0.05 0.19 0.03 0.11 0.00
18 EUROASIG 0.17 0.00 0.01 0.00 0.00 259.03 233.02 - - - - - - - - 0.00
19 IRASIG 0.23 0.00 0.00 0.00 0.00 -54.20 -57.52 - - - - - - - - 0.00
TOTAL TOP 10 114.87 404.85 71.90 260.54 59.75 48.18 74.13 261.27 38.60 139.87 81.62 287.65 41.27 149.54 99.36
TOTAL 7.12 115.61 407.46 73.06 264.71 58.25 46.78 74.13 261.27 38.62 139.93 81.96 288.85 41.57 150.64 100.00
*estimation.
CARPATICA Asig
0.32 %
ASIROM
0.45%
OTHER
0.64% > Weight in market portfolio: 7.12%
ASTRA - UNIQA TOP 10
99.36%
> Nominal change (EUR): 58.25%
2.16%
BT Asigurări > Real change (RON): 46.78%
2.89%
ALLIANZ-ŢIRIAC BCR Asigurări > Concentration degree (first ten companies): 99.36%
5.36% 44.06%
GENERALI
5.90%
2006
OMNIASIG
TOP 10
10.47% CREDIT&
WARRANTIES
INSURANCE
ASIBAN GARANTA
13.50% 14.26%
GENERAL INSURANCE
ACCIDENTS AND ILLNESS INSURANCE 2006
No. Company Weight in GROSS WRITTEN PREMIUM Nominal Real PREMIUMS CEDED IN REINSURANCE PAID CLAIMS Market
portfolio 2006 2005 EUR RON 2006 2005 2006 2005 2006
2 CARPATICA Asig 10.19 3.24 11.42 2.02 7.30 60.69 49.05 0.01 0.03 - - 0.35 1.25 0.26 0.93 11.09
3 GARANTA 11.92 3.08 10.87 1.45 5.26 112.33 96.94 0.01 0.04 0.01 0.04 0.04 0.14 0.02 0.06 10.55
4 ALLIANZ-ŢIRIAC 0.93 2.95 10.40 3.75 13.57 -21.21 -26.92 NA NA 0.03 0.11 NA NA 0.16 0.60 10.10
5 OMNIASIG 1.92 2.93 10.31 1.10 3.99 165.87 146.60 0.10 0.35 0.04 0.13 0.13 0.47 0.08 0.30 10.01
6 ASIROM 1.14 1.94 6.83 2.09 7.56 -7.13 -13.86 0.00 0.01 - - 0.22 0.79 0.21 0.74 6.63
7 ASITO KAPITAL 18.67 1.62 5.72 0.28 1.00 485.78 443.33 0.05 0.18 0.04 0.13 0.74 2.62 0.01 0.04 5.55
8 AIG România 5.85 1.25 4.40 1.07 3.87 16.79 8.32 0.23 0.82 0.32 1.15 0.18 0.65 0.19 0.69 4.27
10 GERROMA 98.95 0.80 2.82 0.60 2.17 33.21 23.56 - - - - 0.01 0.05 0.01 0.04 2.73
11 ASIBAN 0.46 0.57 1.99 0.29 1.04 96.55 82.30 - - 0.02 0.07 0.10 0.34 0.03 0.10 1.94
12 BCR Asigurări 0.36 0.44 1.54 0.17 0.61 160.86 141.95 - - - - 0.02 0.06 0.03 0.11 1.50
13 INTERAMERICAN 2.84 0.43 1.51 0.28 1.03 51.12 40.17 0.06 0.20 0.00 0.01 0.06 0.23 0.06 0.22 1.47
14 ARDAF 0.72 0.40 1.40 0.44 1.60 -9.96 -16.48 - - - - 0.11 0.39 0.11 0.41 1.36
15 UNITA 0.45 0.33 1.17 0.30 1.07 12.43 4.28 - - - - 0.06 0.22 0.08 0.30 1.14
16 NBG ASIGURĂRI 4.95 0.21 0.72 0.35 1.26 -41.05 -45.33 - - 0.00 0.01 0.04 0.14 0.03 0.11 0.70
17 EUROASIG 13.91 0.19 0.66 0.10 0.36 86.75 73.22 - - - - 0.02 0.08 0.01 0.02 0.64
18 ASIROM CONCORDIA 100.00 0.12 0.42 0.10 0.37 16.55 8.11 - - - - 0.02 0.06 0.05 0.17 0.41
19 ASITRANS 0.52 0.10 0.35 0.12 0.44 -18.81 -24.69 - - 0.00 0.00 0.01 0.03 - - 0.34
20 BT Asigurări 0.15 0.09 0.32 0.09 0.31 5.01 -2.60 - - - - 0.01 0.04 0.00 0.01 0.31
21 ING Asig. de Viaţă 0.05 0.06 0.22 - - - - 0.01 0.03 0.01 0.02 0.00 0.01 - - 0.21
22 ABC Asigurări 2.11 0.05 0.17 0.03 0.09 87.85 74.24 0.03 0.10 0.01 0.05 NA NA - - 0.16
23 RAI 0.64 0.04 0.15 0.04 0.15 6.20 -1.49 0.00 0.02 0.00 0.02 0.01 0.02 0.00 0.01 0.15
24 OTP Garancia 1.14 0.04 0.14 0.04 0.13 13.80 5.55 - - - - 0.00 0.00 0.00 0.01 0.14
25 IRASIG 13.85 0.03 0.11 0.00 0.00 3,734.06 3,456.22 - - - - 0.00 0.00 0.00 0.00 0.10
26 DELTA Addendum 1.05 0.01 0.04 0.06 0.22 -80.42 -81.84 - - - - 0.00 0.00 0.01 0.03 0.04
27 CITY Insurance 0.19 0.00 0.01 0.01 0.02 -61.12 -63.94 - - - - - - - - 0.01
28 CERTASIG 0.10 0.00 0.00 0.01 0.02 -87.37 -88.28 - - - - - - - - 0.00
30 AGRAS** - - - 0.03 0.12 - - - - 0.01 0.03 - - 0.01 0.03 -
TOTAL TOP 10 26.11 92.03 14.54 52.69 79.56 66.55 0.41 1.43 0.58 2.12 2.55 8.99 1.53 5.56 89.38
TOTAL 1.80 29.21 102.97 17.41 63.10 67.77 55.61 0.50 1.78 0.64 2.33 3.01 10.61 1.96 7.09 100.00
*estimation.
GERROMA OTHER TOP 10 > Nominal change (EUR): 67.77%
2.73% 10.62% 89.38%
> Real change (RON): 55.61%
ASTRA - UNIQA
GENERALI 24.94% > Concentration degree (first ten companies): 89.38%
3.50%
AIG România
4.27%
ASITO KAPITAL
5.55% 2006
ACCIDENTS AND CARPATICA Asig
11.09%
ILLNESS
ASIROM
INSURANCE
6.63%
GARANTA
10.55%
OMNIASIG ALLIANZ - ŢIRIAC

10.01% 10.10%

GENERAL INSURANCE
ASSISTANCE OF THE PERSONS IN DIFFICULTY INSURANCE 2006
(TRAVEL INSURANCE INCLUDED)
Weight in GROSS WRITTEN PREMIUM Nominal Real PREMIUMS CEDDED IN REINSURANCE PAID CLAIMS Market
1 RAI 54.96 3.75 13.22 3.11 11.26 20.68 11.93 - - - - 0.28 1.00 0.30 1.09 39.44
2 OMNIASIG 1.13 1.72 6.05 1.16 4.20 48.25 37.51 0.54 1.92 0.06 0.21 0.31 1.08 0.13 0.47 18.06
3 CITY Insurance 95.56 1.12 3.94 0.88 3.20 26.76 17.58 0.03 0.12 0.02 0.09 - - 0.10 0.37 11.76
4 ASITRANS 4.51 0.85 2.99 0.50 1.80 71.19 58.78 NA NA 0.00 0.00 0.09 0.31 0.08 0.28 8.93
5 CERTASIG 68.53 0.43 1.50 0.03 0.12 1,179.32 1,086.61 - - - - 0.00 0.01 0.00 0.01 4.49
6 BCR Asigurări 0.35 0.42 1.47 0.21 0.78 95.05 80.92 0.02 0.06 0.00 0.02 0.06 0.20 0.03 0.10 4.39
7 EUROASIG 26.18 0.35 1.25 0.01 0.05 2,520.64 2,330.74 - - - - 0.01 0.02 0.00 0.00 3.72
8 ASIBAN 0.27 0.33 1.16 0.21 0.75 58.73 47.23 0.10 0.34 0.06 0.21 0.07 0.25 0.02 0.06 3.47
9 OTP Garancia 9.04 0.32 1.13 0.25 0.89 30.67 21.20 - - - - 0.01 0.04 0.02 0.07 3.37
10 ABC Asigurări 5.64 0.13 0.45 0.02 0.09 425.06 387.01 0.00 0.01 0.00 0.01 0.02 0.05 0.00 0.00 1.34
11 DELTA Addendum 5.61 0.06 0.22 - - - - - - 0.01 0.05 - - - - 0.66
12 GENERALI* 0.02 0.02 0.06 - - - - - - - - - - - - 0.18
13 AIG România 0.04 0.01 0.03 0.08 0.29 -89.64 -90.39 0.00 0.01 0.02 0.06 - - - - 0.09
14 GERROMA 0.91 0.01 0.03 0.01 0.02 32.86 23.23 - - - - - - - - 0.08
TOTAL TOP 10 9.41 33.17 6.38 23.13 47.43 36.75 0.69 2.44 0.15 0.53 0.84 2.96 0.68 2.47 98.95
TOTAL 0.59 9.51 33.52 6.60 23.91 44.12 33.68 0.69 2.45 0.23 0.82 0.84 2.96 0.70 2.53 100.00
*estimation.
ABC Asigurări
1.34%
OTHER
1.05
OTP Garancia Asigurări TOP 10 > Nominal change (EUR): 44.12%
3.37% 98.95
ASIBAN > Real change (RON): 33.68%
3.47%
RAI Asigurări
> Concentration degree (first ten companies): 98.95%
EUROASIG
3.72% 39.44%
BCR Asigurări
4.39%
CERTASIG
4.49%
2006
TRAVEL
ASITRANS INSURANCE
8.93%
CITY Insurance OMNIASIG

11.76% 18.06%
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GENERAL INSURANCE
LIABILITY INSURANCE 2006
2 OMNIASIG 1.95 2.96 10.44 2.31 8.36 28.37 19.07 1.22 4.30 3.21 11.62 0.07 0.25 0.05 0.17 11.76
3 ASIROM 1.45 2.47 8.69 1.99 7.22 23.75 14.78 1.76 6.22 1.26 4.57 0.09 0.33 0.15 0.55 9.79
4 AIG România 10.10 2.15 7.59 2.27 8.23 -5.14 -12.01 1.84 6.48 1.74 6.31 0.02 0.05 0.02 0.06 8.55
5 ASIBAN 1.50 1.86 6.57 2.03 7.34 -7.95 -14.62 1.21 4.27 1.58 5.74 0.04 0.13 0.07 0.27 7.40
8 BCR Asigurări 0.85 1.02 3.59 0.75 2.72 35.43 25.62 0.71 2.50 0.53 1.90 0.02 0.05 0.01 0.02 4.04
9 ASITRANS 4.29 0.81 2.85 1.36 4.91 -40.34 -44.66 0.11 0.39 0.60 2.19 0.04 0.13 0.02 0.08 3.21
10 BT Asigurări 0.93 0.56 1.97 0.16 0.57 254.72 229.02 0.07 0.24 0.01 0.03 0.05 0.16 0.00 0.02 2.22
11 ARDAF 0.81 0.45 1.57 0.69 2.50 -35.21 -39.90 0.05 0.16 0.34 1.22 0.13 0.47 0.04 0.14 1.77
12 UNITA 0.52 0.38 1.35 0.40 1.45 -4.45 -11.38 0.17 0.59 0.27 0.97 0.01 0.05 0.04 0.15 1.52
13 CARPATICA Asig 0.87 0.28 0.97 0.27 0.98 2.10 -5.30 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.05 1.10
14 INTERAMERICAN 1.46 0.22 0.77 0.08 0.29 169.84 150.28 0.19 0.65 0.05 0.20 0.00 0.00 0.00 0.00 0.87
15 OTP Garancia 5.06 0.18 0.63 0.16 0.56 15.33 6.97 - - - - 0.01 0.02 0.01 0.04 0.71
16 GARANTA 0.61 0.16 0.56 0.10 0.36 58.90 47.38 0.12 0.43 0.06 0.23 0.00 0.00 - - 0.63
17 ASITO KAPITAL 1.38 0.12 0.42 0.42 1.54 -71.74 -73.78 0.09 0.33 0.38 1.39 - - - - 0.48
18 EUROASIG 4.28 0.06 0.20 0.02 0.06 260.80 234.66 - - - - - - - - 0.23
19 CITY Insurance 3.90 0.05 0.16 0.04 0.13 27.09 17.88 - - - - - - - - 0.18
20 ABC Asigurări 1.84 0.04 0.15 0.01 0.02 649.62 595.30 0.00 0.01 0.00 0.01 0.00 0.00 - - 0.17
21 NBG ASIGURĂRI 0.97 0.04 0.14 0.05 0.18 -20.29 -26.07 0.03 0.11 0.05 0.17 - - - - 0.16
22 DELTA Addendum 3.19 0.04 0.13 0.02 0.09 46.42 35.81 - - - - 0.00 0.00 0.00 0.01 0.14
23 IRASIG 15.99 0.03 0.12 0.03 0.12 8.26 0.42 0.01 0.03 0.01 0.03 - - - - 0.14
24 CERTASIG 4.63 0.03 0.10 0.00 0.01 920.37 846.43 - - - - - - - - 0.11
25 RAI 0.32 0.02 0.08 0.05 0.19 -59.71 -62.63 0.00 0.01 0.00 0.02 0.01 0.03 0.00 0.00 0.09
26 AGRAS** - - - 0.02 0.06 - - - - 0.01 0.05 - - 0.00 0.01 -
TOTAL TOP 10 23.10 81.40 15.94 57.74 44.93 34.43 6.92 24.40 10.38 37.60 0.32 1.13 0.94 3.41 91.71
TOTAL 1.55 25.18 88.76 18.38 66.60 37.03 27.10 7.59 26.75 11.56 41.88 0.49 1.71 1.07 3.89 100.00
*estimation.
BT Asigurări OTHER
2.22% 8.29%
TOP 10 > Weight in market portfolio: 1.55%
91.71%
ASITRANS ALLIANZ-ŢIRIAC
3.21% 31.37% > Real change (RON): 27.10 %
BCR Asigurări
4.04% > Concentration degree (first ten companies): 91.71%
GENERALI
6.24% 2006
TOP 10
ASTRA - UNIQA
LIABILITY
7.12% INSURANCE
ASIBAN
7.40% OMNIASIG
11.76%
AIG România ASIROM
8.55% 9.79%

GENERAL INSURANCE
HEALTH INSURANCE 2006
1 ALLIANZ-ŢIRIAC 0.84 2.67 9.42 - - - - NA NA - - NA NA - - 27.24
2 ING Asig. de Viaţă 0.98 1.22 4.28 - - - - - - 0.01 0.04 0.40 1.40 - - 12.38
3 ASTRA - UNIQA 1.23 1.06 3.73 1.18 4.26 -9.90 -16.42 NA NA - - 0.54 1.90 0.36 1.32 10.79
4 BT Asigurări 1.74 1.04 3.68 0.27 0.96 293.65 265.13 0.08 0.30 0.02 0.09 0.17 0.60 0.02 0.06 10.64
5 ARDAF 1.79 0.99 3.49 1.08 3.90 -8.03 -14.69 - - - - 0.32 1.12 0.31 1.11 10.09
6 ASIROM 0.58 0.98 3.46 1.03 3.73 -4.64 -11.55 0.31 1.08 0.28 1.00 0.12 0.41 0.18 0.66 10.00
7 INTERAMERICAN 4.89 0.74 2.60 0.30 1.08 148.02 130.05 - - - - 0.11 0.38 0.01 0.02 7.51
8 UNITA 0.79 0.58 2.05 0.50 1.80 16.70 8.25 - - 0.02 0.08 0.16 0.55 0.10 0.36 5.91
9 OMNIASIG Life 3.20 0.45 1.57 - - - - - - - - - - - - 4.55
10 RAI 0.62 0.04 0.15 0.15 0.53 -71.46 -73.53 - - - - 0.00 0.00 0.00 0.01 0.43
11 GARANTA 0.16 0.04 0.14 0.03 0.12 17.39 8.88 0.01 0.03 0.01 0.02 0.01 0.02 0.03 0.10 0.41
12 ASIBAN 0.00 0.00 0.01 0.01 0.05 -69.55 -71.75 - - - - - - - - 0.04
13 ASITRANS 0.01 0.00 0.01 0.00 0.01 -2.94 -9.98 - - - - 0.00 0.00 - - 0.03
14 AGRAS** - - - 0.10 0.35 - - - - - - - - 0.00 0.01 -
15 ASIMED - - - 0.20 0.74 - - - - - - - 0.13 0.46 -
16 MEDAS - - - 0.34 1.24 - - - - - - - - 0.01 0.02 -
17 OMNIASIG ADDENDA - - - 0.06 0.21 - - - - - - - - 0.02 0.08 -
TOTAL TOP 10 9.77 34.44 4.49 16.26 117.69 101.91 0.39 1.38 0.33 1.20 1.81 6.36 0.98 3.55 99.52
TOTAL 0.60 9.82 34.60 5.24 18.98 87.40 73.82 0.40 1.41 0.34 1.23 1.81 6.39 1.18 4.27 100.00
RAI OTHER
0.43% 0.48%
OMNIASIG Life TOP 10
4.55% 99.52% > Weight in market portfolio: 0.60%
UNITA
5.91% > Nominal change (EUR): 87.40%
INTERAMERICAN ALLIANZ-ŢIRIAC > Real change (RON): 73.82%
7.51% 27.24%
> Concentration degree (first ten companies): 99.52%
ASIROM
10.00%
2006
HEALTH
INSURANCE
ARDAF
10.09%
12.38%
BT Asigurări Astra - UNIQA
10.64% 10.79%

INSURANCE POLICES
ISSUED IN 2006 PER COMPANY AND INSURANCE CLASSES
insurance, Ships insurance (ocean, inland) added

PROPERTY MOTOR
Assistance of the persons in difficulty insurance

baggage and any other goods transportation
Goods in transit insurance including cargo,
Rail transport means insurance, Aircraft
TOTAL LIFE AND NON-LIFE, from wich
Credit and warranties insurance

Accidents and illness insurance
MOTOR THIRD PART LIABILITY
No. Company
Financial loss insurance

FIRE AND ALLIED PERILS
DAMAGES TO PROPERTY
Liability insurance
Health insurance
LIFE INSURANCE
MOTOR HULL
NON-LIFE
TOTAL
TOTAL
1 ABC Asigurări 54,256 - 54,256 1,186 1,186 - 17,917 1,461 16,456 77 - - - - - 34,561 515
2 AGRAS 17,924 - 17,924 17,924 - 17,924 - - - - - - - - - - -
3 ARDAF 1,000,168 1,747 998,421 60,019 54,113 5,906 628,019 37,976 590,043 29,814 244,493 794 395 801 2,705 - 31,359
4 ASIBAN 1,639,737 1,009,584 630,153 65,177 62,312 2,865 492,311 131,468 360,843 17,586 157 196 1,230 25 23 44,084 9,315
5 ASIROM 2,132,712 113,143 2,019,569 254,225 171,236 82,989 1,406,925 216,329 1,190,596 115,235 154,511 320 1,521 2,521 937 - 83,363
6 ASIROM CONCORDIA 904 - 904 - - - - - - 904 - - - - - - -
7 ASITO KAPITAL 988 - 988 121 121 - 773 773 - 12 - 10 6 - - 63 3
8 ASITRANS 452,705 - 452,705 3,063 2,975 88 213,180 6,235 206,945 257 407 1 321 117 12 233,842 1,505
9 ASTRA - UNIQA 598,916 1,821 597,095 26,641 25,979 662 461,628 53,380 408,248 37,403 1,020 252 611 28,766 150 - 40,531
10 BCR Asigurări 433,189 - 433,189 101,873 99,702 2,171 254,131 82,475 171,656 758 - 235 2,140 5,321 13 62,073 6,643
11 BT Asigurări 431,524 5,807 425,717 40,914 40,858 56 358,464 34,049 324,415 5,453 6,139 2 22 3,615 35 - 11,073
12 CARPATICA Asig 632,245 - 632,245 7,829 7,787 42 293,477 18,514 274,963 325,374 - - 82 1,930 - - 3,553
13 CERTASIG - - - 104 104 - 38 38 - 21 - - 9 - - 66,137 97
14 CITY Insurance 169,767 - 169,767 25 9 16 30 30 - 71 - - 92 - - 168,762 787
15 DELTA Addendum 34,732 - 34,732 17,769 17,765 4 4,386 4,386 - 1,166 - - 69 33 34 11,198 77
16 EUROASIG 66,247 - 66,247 789 786 3 1,183 1,183 - 400 - 2 35 28 - 61,652 2,157
17 GARANTA 432,110 4,183 427,927 22,591 21,903 688 2,073 2,071 2 297,058 123 4 17 105,211 7 - 840
18 GERROMA 124,302 - 124,302 - - - - - - 124,090 - - - - 115 97 -
19 GRAWE 41,301 41,301 - - - - - - - - - - - - - - -
20 ING Asig. de Viaţă 985,474 936,438 49,036 - - - - - - 12,256 36,780 - - - - - -
21 INTERAMERICAN 62,907 9,399 53,508 6,563 6,563 - 26,684 6,262 20,422 19,096 992 - 20 - - - 153
22 IRASIG 43 - 43 35 33 2 - - - 4 - 2 - - - - 2
23 KD LIFE 2,023 2,023 - - - - - - - - - - - - - - -
24 NBG ASIGURĂRI 9,919 - 9,919 7,605 3,797 3,808 2,231 2,231 - 3 - - 23 25 15 - 17
25 OMNIASIG 1,787,806 - 1,787,806 184,298 181,853 2,445 742,956 88,079 654,877 42,289 - 624 2,993 475,823 2,528 285,843 50,349
26 OTP Garancia 95,534 - 95,534 4,627 4,627 - 30,951 1,723 29,228 1,225 - - 8 204 - 50,442 8,077
27 RAI 627,577 - 627,577 1,763 1,762 1 4,962 4,867 95 309 2,410 - 95 251 11,948 605,493 321
TOTAL 11,835,010 2,125,446 9,709,564 825,141 705,471 119,670 4,942,319 693,530 4,248,789 1,030,861 447,032 2,442 9,689 624,671 18,522 1,624,247 250,737
*The table shows only the companies that supplied answers to our inquiry. Those companies totalized a market share of 64%. The “TOTAL” line should be considered as the sum of the figures provided by the
mentioned companies and not accurate for the entire market.

ASSETS
No. Company TOTAL, of Intangible Bank Placements Receivables Other UNAUDITED DATA
which assets deposits and of which Lands and State titles State titles Securities resulting Source: the
cash in hand building issued by issued by local traded on from gross insurance
central administration a regulated written companies’
administration market premiums
statements
EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m.
1 ABC Asigurări 3.85 - 2.32 1.11 - 1.11 - - 0.42 -
2 AGRAS 9.93 0.01 3.06 3.09 3.09 - - - 1.74 2.03
3 AIGLIFE 89.39 NA NA NA NA NA NA NA NA NA
4 ASIBAN 159.95 0.31 41.27 49.82 13.77 - 30.52 5.53 33.30 35.26
5 ASIROM 174.88 - 50.99 81.14 32.59 - 5.81 - 42.74 -
6 ASIROM CONCORDIA 2.84 - 2.26 0.53 0.36 - 0.16 0.01 0.02 0.02
7 ASITO KAPITAL 8.33 0.00 2.58 2.12 0.53 - 1.07 0.52 0.98 2.65
8 ASITRANS 10.18 0.05 4.13 1.46 0.59 - 0.86 - 4.55 -
9 AVIVA 38.18 NA NA NA NA NA NA NA NA NA
10 BCR Asigurări 92.94 0.30 25.80 30.18 11.05 11.44 3.21 4.48 21.22 15.44
11 BT Asigurări 39.17 0.07 19.60 5.64 0.74 - - 4.89 11.63 2.24
12 CARPATICA Asig 21.78 0.05 8.69 1.35 0.50 - 0.73 0.11 6.95 4.74
13 CERTASIG 0.17 - 0.04 - 0.69 - - - 0.13 -
14 CITY Insurance 2.64 0.08 1.55 0.25 249.59 - - - 0.00 0.76
15 DELTA Addendum 4.05 0.04 3.40 - - - - 0.04 0.33 0.28
16 DELTA Asigurări 3.86 - 3.47 0.08 - - - 0.08 0.31 -
17 EUROASIG 1.36 - 0.95 - - - - - 0.42 -
18 GARANTA 47.76 NA NA NA NA NA NA NA NA NA
19 GRAWE 42.03 1.25 0.69 35.75 0.45 1.01 22.65 1.93 3.43 0.92
20 ING Asig. de Viaţă 344.32 0.01 87.58 246.52 - - 205.17 41.35 7.46 2.76
21 IRASIG 0.74 0.07 0.42 0.19 - - 0.15 0.04 0.06 0.00
22 KDLIFE 4.37 0.09 3.62 0.04 - - - 0.04 0.03 0.60
23 NBG ASIGURĂRI 2.29 - 1.47 - - - - - 0.82 -
24 OMNIASIG Life 35.02 0.01 6.92 8.57 8.55 0.02 - 1.22 10.89 18.30
25 OTP Garancia Asigurări 9.01 0.05 5.38 0.81 0.81 - - - 2.41 0.36
26 RAI 5.90 0.01 3.02 1.75 1.36 - 0.36 - 0.86 0.25
27 UNITA 5.90 1.25 4.65 - 4.27 0.12 3.17 4.64 - -
Note:The table shows only the companies which provided data regarding the structure of their assets
*The figures for this company are reffering only to assets related to technical reserves.


TECHNICAL RESERVES
NON-LIFE INSURANCE
UNAUDITED DATA Unadvised Damages Reserve for non- Equalizing
TOTAL Premium Reserve Damages Reserve Disaster reserve
Source: the Reserve expired risks reserve
No. Company
insurance companies’ Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net
statements value value value value value value value value value value value value value value
EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m.
1 ABC Asigurări 1.08 0.80 0.70 0.46 0.21 0.16 0.00 0.00 - - 0.01 0.01 0.16 0.16
2 AGRAS 3.48 3.04 2.05 2.05 1.34 0.89 0.05 0.05 - - - - 0.05 0.05
3 AIG România 10.30 1.99 4.46 0.59 1.73 0.53 1.59 0.43 - - 0.96 0.10 1.56 0.35
4 ALLIANZ-ŢIRIAC 221.36 123.34 137.06 69.93 59.66 35.86 19.48 12.40 - - - - 5.15 5.15
5 ARDAF 42.11 39.08 15.58 14.65 23.60 22.07 1.95 1.82 - - - - 0.97 0.55
6 ASIBAN 99.98 77.82 68.46 48.47 20.26 18.09 1.88 1.88 - - 0.66 0.66 8.72 8.72
7 ASIROM 71.94 65.60 48.38 43.63 22.34 20.76 0.36 0.36 - - - - 0.85 0.85
8 ASIROM CONCORDIA 0.29 0.29 0.24 0.24 0.00 0.00 - - 0.05 0.05 - - - -
9 ASITO KAPITAL 3.51 1.06 0.49 0.14 0.90 0.62 - - - - 0.02 0.02 2.10 0.29
10 ASITRANS 8.79 6.93 5.32 4.02 2.85 2.58 0.16 0.16 - - - - 0.45 0.17
11 BCR Asigurări 62.81 54.83 36.50 31.68 15.38 12.23 3.70 3.70 - - 0.10 0.10 7.12 7.12
12 BT Asigurări 38.60 30.41 25.35 19.72 10.84 8.35 1.84 1.77 - - - - 0.57 0.57
13 CARPATICA Asig 15.83 13.65 7.50 6.85 7.72 6.19 - - - - - - 0.61 0.61
14 CITY Insurance 0.16 0.16 0.09 0.09 0.06 0.06 0.00 0.00 - - 0.01 0.01 0.00 -
15 DELTA Addendum 1.01 0.87 0.61 0.54 0.17 0.15 - - - - - - 0.23 0.18
16 EUROASIG 0.70 0.45 0.55 0.33 0.08 0.05 0.02 0.01 - - - - 0.04 0.04
17 GARANTA 23.16 6.87 16.45 4.86 4.22 0.72 1.44 0.22 - - - - 1.06 1.06
18 GERROMA 0.19 0.19 0.03 0.03 0.11 0.11 0.06 0.06 - - - - - -
19 ING Asig. de Viaţă 0.41 0.41 0.33 0.33 0.06 0.06 0.02 0.02 - - - - - -
20 INTERAMERICAN 12.44 4.33 3.14 2.13 8.59 1.48 0.28 0.28 0.06 0.06 - - 0.37 0.37
21 IRASIG 0.32 0.24 0.10 0.09 0.01 0.01 0.00 0.00 - - - - 0.20 0.14
22 NBG ASIGURĂRI 4.97 1.63 2.04 0.82 0.37 0.18 0.12 0.07 - - - - 2.44 0.57
23 OMNIASIG 119.11 99.05 66.77 59.74 38.37 28.34 7.34 7.34 - - 3.04 3.04 3.58 0.59
24 OTP Garancia Asigurări 1.34 1.34 0.82 0.82 0.32 0.32 0.06 0.06 0.01 0.01 0.01 0.01 0.14 0.14
25 RAI 3.56 3.40 1.67 1.59 0.97 0.91 0.01 0.01 - - 0.09 0.09 0.82 0.81
Note: The table shows only the companies which provided data
LIFE INSURANCE
UNAUDITED DATA TOTAL Mathematical reserve Benefits and risturn Premium reserve Claims reserve Reserve for
Source: the reserve non-expired risks
insurance companies’ No. Company Gross Net Gross Net Gross Net Gross Net v Gross Net Gross Net
statements value value value value value value value alue value value value value
EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m. EUR m.
1 AIG LIFE 69.11 67.19 48.23 48.02 1.71 1.70 18.54 17.02 0.62 0.46 - -
2 ALLIANZ-ŢIRIAC 33.08 32.85 28.08 28.08 0.04 0.04 4.70 4.48 0.25 0.25 - -
3 ARDAF 3.08 3.08 2.66 2.66 0.31 0.31 0.10 0.10 0.00 0.00 - -
4 ASIBAN 21.88 21.61 15.01 14.75 0.39 0.39 6.20 6.20 0.29 0.27 - -
5 ASIROM 66.53 66.53 43.81 43.81 11.51 11.51 10.98 10.98 0.23 0.23 0.00 0.00
6 BT Asigurări 3.79 3.69 3.10 3.04 0.36 0.36 0.29 0.24 0.05 0.05 - -
7 DELTA Asigurări 0.20 0.20 0.00 0.00 - - 0.18 0.18 0.03 0.03 - -
8 GARANTA 1.16 0.75 0.26 0.04 0.03 0.00 0.88 0.71 0.00 0.00 - -
9 GRAWE 25.00 24.37 15.63 15.63 0.96 0.96 7.90 7.41 0.51 0.37 - -
10 ING Asig. de Viaţă 303.77 303.77 267.80 267.80 15.84 15.84 19.05 19.05 1.08 1.08 - -
11 INTERAMERICAN 12.34 11.79 8.06 8.06 0.17 0.17 4.04 3.54 0.07 0.01 - -
12 KD LIFE 0.46 0.46 0.04 0.04 - - 0.42 0.42 - - - -
13 OMNIASIG Life 29.62 28.04 15.69 15.69 0.03 0.03 13.26 11.71 0.64 0.61 - -
Note: The table shows only the companies which provided data

Other Financial indicators in 2006

Share Gross TECHNICAL RESULT DISTRIBUTION SOLVENCY MARGIN SOLVENCY DEGREE LIQUIDITY DEGREE
capital Financial THROUGH (%) (%)
Result NON-LIFE INSURANCE NON-LIFE
No. Company LIFE INSURANCE LIFE INSURANCE
INSURANCE BROKERS INSURANCE
EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m. (%): EUR m. RON m. EUR m. RON m. LIFE NON-LIFE LIFE NON-LIFE
1 ABC Asigurări 3.40 12.00 NA NA NA NA NA NA 2.00 - - 3.30 11.62 - 18.00 - 21.00
2 AGRAS 2.53 8.91 0.27 0.94 NA NA NA NA 59.00 - - NA NA - NA - 2.54
3 AIG LIFE 7.49 26.42 6.81 24.00 NA NA NA NA NA NA NA - - NA - 13.43 -
4 AIG România 2.43 8.56 NA NA - - NA NA NA - - NA NA - NA - NA
5 ARDAF 17.76 62.59 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
6 ASIBAN 21.56 76.00 0.29 1.01 10.53 37.12 -12.16 -42.86 - 17.93 63.20 24.87 87.66 5.37 1.73 2.50 2.84
7 ASIROM 18.10 63.79 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
8 ASIROM CONCORDIA 2.27 8.00 0.02 0.07 - - 0.01 0.02 63.50 - - 2.53 8.90 - NA - NA
9 ASITO KAPITAL 2.49 8.77 0.20 0.71 - - 0.11 0.38 - 6.89 24.29 NA NA 6.35 NA 5.99 NA
10 ASITRANS 3.43 12.10 NA NA - - NA NA NA - - NA NA - NA - 1.94
11 ASTRA - UNIQA 54.68 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA

192.71
12 BCR Asigurări 8.51 30.00 NA NA - - NA NA NA - - NA NA - NA - 2.99
13 BT Asigurări 10.36 36.50 -0.95 -3.35 NA NA NA NA NA NA NA NA NA na na 1.86 2.37
14 CARPATICA Asig 3.40 12.00 NA NA NA NA NA NA 14.00 - - 5.53 19.50 - 151.00 - 151.00
15 CERTASIG 2.34 8.24 -0.38 -1.33 NA NA NA NA 85.00 - - 0.67 2.35 7.62 8.00 2.00 2.00
16 CITY Insurance 2.28 8.04 0.01 0.05 - - 0.02 0.05 38.00 - - 2.12 7.48 - 136.00 - 24.00
17 DELTA Addendum 2.27 8.00 -0.28 -0.99 - - -0.20 -0.70 21.00 - - NA NA - NA - 21.00
18 DELTA Asigurări 3.69 13.00 6.55 23.10 1.30 4.58 - - - 1.01 3.54 - - 5.30 - 6.70 -
19 EUROASIG 2.28 8.03 NA NA - - NA NA 0.22 - - NA NA - NA - 1.75
20 GARANTA 5.97 21.04 2.99 10.54 1.20 4.23 2.18 7.68 8.10 4.72 16.63 6.86 24.17 8.55 3.50 3.05 17.20
21 GERROMA 2.27 8.00 NA NA NA NA NA NA 7.24 NA NA NA NA NA NA - 1.80
22 GRAWE 8.08 28.49 NA NA NA NA - - NA NA NA - - NA - 17.00 -
23 ING Asig. de Viaţă 12.78 45.04 11.88 41.87 - - - - - NA NA - - NA - 8.90 -
24 IRASIG 2.30 8.11 -0.24 -0.84 - - NA NA - - - NA NA - NA - 59.07
25 KD LIFE 3.40 12.00 1.29 4.55 NA NA - - NA NA NA - - NA - 93.75 -
26 NBG ASIGURĂRI 3.26 11.50 -0.39 -1.38 - - -0.31 -1.09 12.00 - - 1.45 5.09 - 3.90 - 14.02
27 OMNIASIG 29.29 5.47 19.27 - - NA NA 22.00 NA NA NA NA NA NA NA NA

103.24
28 OMNIASIG Life 4.60 16.20 -0.64 -2.27 NA NA NA NA NA NA NA NA NA 2.18 NA 1.55 NA
29 OTP Garancia Asigurări 6.84 24.11 0.04 0.13 NA NA -0.56 -1.98 NA - - 7.41 26.13 - NA - 17.11
30 RAI 2.29 8.07 NA NA - - NA NA 17.13 - - NA NA - NA - 3.81
31 UNITA 32.43 114.29 NA NA - - NA NA NA - - NA NA - NA - NA
Note: The table shows only the companies which provided data regarding the mentioned financial indicators.
ROMANIAN INSURANCE COMPANIES
PORTFOLIOS
ABC Asigurări AIG România ALLIANZ-ŢIRIAC
0.18% 14.29% 3.74% 80.31% 4.64% 7.81%
2.11% 5.85% 1.96% 15.03%
5.64% 21.83% 2.50%
10.10% 11.77%
1.84%
13.34%
3.26%
23.6%
52.31% 68.06%
100% 92.19%
100%
75.94% 58.48% 54.72%
ARDAF ASIBAN ASIROM

10.60% 2.25% 2.69% 14.05% 2.21% 15.14%
8.48% 12.59% 1.14%
6.84% 1.45%
1.64%
1.50% 11.37%
8.30%
8.76%
23.08% 17.99% 33.08% 2.61%
55.59%
97.75% 85.95% 84.86%

78.68% 60.86% 42.86% 68.70% 35.62%
ASITO KAPITAL ASITRANS ASTRA - UNIQA

4.38% 2.25% 2.25% 9.88% 0.53% 4.22%
4.51% 5.45% 1.23%
4.29% 21.86%
18.67% 8.44%
21.47%
2.89%
1.38% 2.08%
9.04% 66.52%
64.84%
100% 100% 99.47%
86.70% 49.27% 70.74%
BCR Asigurări life insurance

Legend
2.85% 11.26%
8.99% general insurance
2.27% fire and allied perils insurance
property
damages to property insurance
motor insurance
42.35% 35.29% liability insurance motor hull
credit & warranties insurance
travel insurance motor TPL
43.54% accident and sickness insurance, including profesional accident and sickness
100%
8.26% other

BT Asigurări CARPATICA Asigurări CERTASIG

3.51% 4.55% 1.02% 0.01% 0.47% 0.32%
10.19% 12.15% 2.02%
5.57% 8.07%
1.17%
24.03%
32.90% 27.58%
4.63%
95.45% 99.99% 99.68%

45.39% 79.29% 47.88% 75.46% 68.53%
city Insurance DELTA Addendum EUROASIG

3.90% 95.56% 7.97%
0.53% 2.27% 35.24% 3.49%
1.05%
42.41%
5.61% 13.91%
3.19%
44.18%
26.18 %
45.47%
100% 100% 7.17% 100%
4.28 %
GARANTA GENERALI* GERROMA

7.61 %
2.68% 1.60% 13.62%
1.20% 1.05% 98.95%
11.9% 9.39% 7.98%
1.84%
5.95% 11.63%
4.65%
18.32%
55.43%
6.70%
63.75%
92.39% 49.48%
86.38% 100%
ING Asigurări de Viaţă INTERAMERICAN IRASIG

4.97%
1.03% 2.84% 67.55%
1.46% 2.61%
13.85%
30.67%
11.26%
51.56% 15.99%
19.41%
48.44%
98.97% 100%
8.51%

NBG ASIGURĂRI OMNIASIG OMNIASIG Life

5.96% 14.72%
33.58%
4.08% 1.92%
3.20%
4.95% 22.26% 1.13%
3.50% 7.96%
1.95%
11.31% 34.77%
53.89% 31.60%
100% 100% 96.80%
66.37%
OTP Garancia Asigurări RAI UNITA

0.15% 19.56%
1.14%
9.04% 3.56% 37.70% 2.46% 14.87%
3.78%
1.05%
5.06%
19.48% 38.64%
44.04%
54.96% 82.67%
100% 100% 100%
44.52% 63.99%
Legend
life insurance
general insurance
fire and allied perils insurance
property
motor insurance
liability insurance motor hull
Assistance of the persons in difficulty insurance motor TPL
accident and sickness insurance, including profesional accident and sickness
other
Read NEWS
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Mihaela CÎRCU
Editor In Chief www.fiar.ro
ROMANIAN LIFE INSURANCE COMPANIES
PORTFOLIOS
Legend Life insurance, annuities and supplementary insurance Permanent health insurance
Marriage insurance, birth insurance Life insurance and annuities related to investment funds
* Weight of Life insurance in total amount of GWP **estimation
ALLIANZ-ŢIRIAC ARDAF Generali**

62.62% 37.38% 4.58% 5.28% 90.14%
26.46% 73.47%
0.07%
*7.81 * 2.25 * 13.62
xprimm design

ING Asigurări de Viaţă INTERAMERICAN KD LIFE

65.51% 34.49% 11.17% 88.83% 87.61% 12.39%
* 98.89 *51.56 * 100.00
Company Life insurance, annuities and supple-

mentary insurance
% in all GWP % in life GWP
ASIBAN 14.05 100.00
ASIROM 15.14 100.00
ASTRA 0.53 100.00
BT Asigurări 4.55 100.00
CARPATICA Asig 0.01 100.00
CERTASIG 0.32 100.00
DELTA Asigurări 100.00 100.00
www.insuranceprofile.ro GARANTA
GRAWE
OMNIASIG Life
7.61
100.00
96.80
100.00
100.00
100.00
Str. Pechea nr. 13, Sector 1; tel 408.91.00; fax 408.91.01

Romanian insurance companies portfolios in 2006

No. Company LIFE INSURANCE PROPERTY MOTOR
Rail transport means insurance, Aircraft insurance,
Goods in transit insurance including cargo, bag-
Assistance of the persons in difficulty insurance

Life insurance, annuities and supplementary
Ships insurance (ocean, inland) added up
gage and any other goods transportation

Life insurance and annuities related to
Marriage insurance, birth insurance

Permanent health insurance

DAMAGES TO PROPERTY
Liability insurance
investment funds
Health insurance
MOTOR HULL
NON-LIFE
insurance
Others
TOTAL
TOTAL
TOTAL
% % % % % % % % % % % % % % % % % % % % %
1 ABC Asigurări - - - - - 100.00 14.29 14.29 - 75.94 23.62 52.31 2.11 - - 0.18 - - 5.64 1.84 -
2 AGRAS - - - - - 100.00 100.00 - 100.00 - - - - - - - - - - - -
3 AIG LIFE 100.00 - - - - - - - - - - - - - - - - - - - -
4 AIG România - - - - - 100.00 80.31 21.83 58.48 - - - 5.85 - - 1.63 - 2.07 0.04 10.10 -
5 ALLIANZ-ŢIRIAC 7.81 2.92 - 4.89 - 92.19 15.03 11.77 3.26 68.07 54.72 13.34 0.93 0.84 0.67 1.16 1.96 - - 2.50 1.04
6 ARDAF 2.25 2.03 0.10 0.12 - 97.75 8.48 6.84 1.64 78.68 23.08 55.59 0.72 1.79 6.16 0.30 0.24 0.58 - 0.81 -
7 ASIBAN 14.05 14.05 - - - 85.95 9.03 8.30 0.73 60.86 42.86 17.99 0.46 0.00 0.65 0.55 12.59 0.00 0.27 1.50 0.04
8 ASIROM 15.14 15.14 - - - 84.86 11.37 8.76 2.61 68.70 35.62 33.08 1.14 0.58 0.56 0.49 0.30 0.15 - 1.45 0.13
9 ASIROM CON- - - - - - 100.00 - - - - - - 100.00 - - - - - - - -
CORDIA
10 ASITO KAPITAL - - - - - 100.00 66.53 66.53 - 9.04 9.04 - 18.67 - 0.29 4.03 - - 0.05 1.38 -
11 ASITRANS - - - - - 100.00 2.73 2.25 0.47 86.70 21.86 64.84 0.52 0.01 0.00 0.43 0.24 0.57 4.51 4.29 -
12 ASTRA 0.53 0.53 - - - 99.47 5.45 4.22 1.23 70.74 21.47 49.27 8.44 1.23 3.36 2.93 2.89 0.08 - 2.08 2.28
13 AVIVA 100.00 - - - - - - - - - - - - - - - - - - - -
14 BCR Asig. de Viaţă 100.00 - - - - - - - - - - - - - - - - - - - -
15 BCR Asigurări - - - - - 100.00 11.26 8.99 2.27 43.54 35.29 8.26 0.36 - 0.37 0.90 42.35 0.02 0.35 0.85 0.01
16 BT Asigurări 4.55 4.55 - - - 95.45 8.17 8.07 0.09 78.29 32.90 45.39 0.15 1.74 0.00 0.06 5.57 0.53 - 0.93 -
17 CARPATICA Asig 0.01 0.01 - - - 99.99 12.22 12.15 0.07 75.46 27.58 47.88 10.19 - 0.01 0.08 1.17 - - 0.87 -
18 CERTASIG 0.32 0.32 - - - 99.68 2.02 2.02 - 24.03 24.03 - 0.10 - - 0.37 - - 68.53 4.63 -
19 CITY Insurance - - - - - 100.00 0.27 0.10 0.17 0.05 0.05 - 0.19 - - 0.02 - - 95.56 3.90 -
20 DELTA Addendum - - - - - 100.00 42.41 35.24 7.17 5.47 45.47 - 1.05 - - 1.35 0.46 0.46 5.61 3.19 -
21 DELTA Asigurări 100.00 100.00 - - - - - - - - - - - - - - - - - - -
22 EUROASIG - - - - - 100.00 8.34 7.97 0.37 44.18 44.18 - 13.91 - 1.91 0.37 0.17 - 26.18 4.28 0.66
23 GARANTA 7.61 7.61 - - - 92.39 9.57 9.39 0.18 4.65 4.65 0.00 11.92 0.16 0.05 0.91 63.75 0.76 - 0.61 -
24 GENERALI* 13.62 10.01 - 0.01 3.60 86.38 18.32 11.63 6.70 55.43 49.48 5.95 1.20 - - 1.42 7.98 - 0.02 1.84 0.17
25 GERROMA - - - - - 100.00 - - - - - - 98.95 - - - - 0.14 0.91 - -
26 GRAWE 100.00 100.00 - - - - - - - - - - - - - - - - - - -
27 ING Asig. de Viaţă 98.97 33.79 - 65.18 - 1.03 - - - - - - 0.05 0.98 - - - - - - -
28 INTERAMERICAN 51.56 45.80 - 5.76 - 48.44 8.51 8.51 - 30.67 19.41 11.26 2.84 4.89 - 0.08 - - - 1.46 -
29 IRASIG - - - - - 100.00 67.77 67.55 0.22 - - - 13.85 - 2.16 - 0.23 - - 15.99 -
30 KD LIFE 100.00 12.39 - 87.61 - - - - - - - - - - - - - - - - -
31 NBG ASIGURĂRI - - - - - 100.00 33.58 22.26 11.31 53.89 53.89 - 4.95 - - 2.54 3.50 0.57 - 0.97 -
32 OMNIASIG - - - - - 100.00 15.43 14.72 0.71 66.37 34.77 31.60 1.92 - 2.46 1.33 7.96 0.03 1.13 1.95 1.42
33 OMNIASIG Life 96.80 96.80 - - - 3.20 - - - - - - - 3.20 - - - - - - -
34 OTP Garancia - - - - - 100.00 19.56 19.56 - 63.99 19.48 44.52 1.14 - - 0.15 1.05 - 9.04 5.06 -
Asigurări
35 RAI - - - - - 100.00 3.56 3.56 0.00 37.93 37.70 0.24 0.64 0.62 - 0.18 0.27 1.48 54.96 0.32 0.04
36 UNITA - - - - - 100.00 14.87 14.87 - 82.67 38.64 44.04 0.45 0.79 - 0.21 0.48 - - 0.52 -
TOTAL 19.86 9.23 0.00 6.00 0.19 80.14 12.11 9.24 2.87 54.05 32.58 21.47 1.80 0.60 0.89 0.84 7.12 0.12 0.59 1.55 0.48
*estimation

ROMANIAN INSURANCE MEDIATION MARKET 2006
THE INSURANCE MEDIATION MARKET
A RON 1.2 billion market

The preceding year meant for the Romanian insurance mediation market an estimated rising in EUR
with 40% more than the value recorded in 2005. It meant also the prevailing of motor insurance and
the mediation companies closely related with leasing business. For the analyzed market, 2006 meant
an increasing of its share in the whole industry business with one percentage point up to 20.35% share
from the gross written premium.
Alex ROŞCA
Editor in Chief Insurance mediation market evolution MTPL insurances share about 17% from the brokers busi-
nesses, the premiums mediated from the Motor Third Party
Romanian insurance mediation market enclosed the past Liability insurance amounted during the past year more
year with an amount of mediated premium, which exceed- than EUR 56 million. The mentioned figure represents 16%
ed, according our estimations, EUR 330 million, rising by from the premiums written from MTPL.
40% as compared with the similar indicator recorded in
2005. The real growth of the market during the mentioned Property insurance (fire, allied perils and damages to prop-
period reached about 30%. erty added up) meant, as a share in the total amount of the
premiums mediated during 2006, 13%. The premiums me-
The premiums mediated from the motor business line rep- diated from the mentioned insurance class amounted more
resented about 74% from the market, amounting EUR 245 than EUR 42 million, holding a share of more than 21% from
million. The mentioned amount represents about 28% from the gross premiums written from property insurance.
the premiums written from the motor insurance market.
An encouraging fact for the Romanian insurance mediation
Motor Hull insurance business is the favorite field of the bro- market is represented by a market increase superior to the
kers. During the preceding year, the premiums mediated one recorded for the insurance industry. This fact generated
from the mentioned insurance class in the insurance media- the increase of the mediation market share in the insurance
tion market reached EUR 189 million, representing 57% industry as generated by the increasing of the cooperation
from the insurance mediation market and about 36% from between insurers and mediations companies. The mediated
the premiums written from the mentioned class in the insur- premiums in 2006 hold a share of 20.35% from the premi-
ance industry. ums written during the same period. The mentioned indica-
tor is up to one percent higher than the similar indicator
Consolidated insurance mediated premium portfolio recorded in 2005.
LIFE INSURANCE
4.94 %
Companies’ evolution
Accordingly with our estimations, the first ten companies in
OTHER the market, ranked by mediated premium, mediated premi-
4.51%
ums that totalized more than 54% from the market. The
total amount of the premiums mediated by the mentioned
Credit and warranties Property companies overcame EUR 178 million, rising with more than
1.31 % 12.78 % 50% as compared with the figures recorded in 2005. Also
the concentration degree of the market rose with 10 per-
Liability
2.45 % Fire and allied perils centage points.
8.89 % PORSCHE BROKER is the new leader of the insurance me-
Compulsory MTPL
16.95 % diation market. The company mediated more than EUR 36
Damages to property
3.89 % million only from motor insurance. PORSCHE BROKER
achieved a nominal growth in European coin with more
than 74% as compared with the figures recorded in 2005
and holds more than 11% market share. About 80% from
the company’s business is represented by operations con-
nected with auto leasing. About 20% from the mediated
premiums of the company are represented by MTPL while
Motor Hull insurance represents about 80%.
Motor hull The market leader from 2005, MARSH recorded during the
57.06 %
analyzed period an estimated increase in euro of about 15%
up to EUR 29 million and is placed second in the insurance
mediations market.
The company holds a market share of about 9%. 54% from
GENERAL INSURANCE Motor the premiums mediated by the company are represented
95.06 % 74.01 %

The insurance mediation market - mediated premium in 2006

No. Company LIFE AND NON-LIFE INSURANCE Nominal change Real change in RON Market share
2006 2005 in EUR 2006
EUR m. RON m. EUR m. RON m. % %
1 PORSCHE BROKER 36.38 128.22 20.86 75.58 74.42 61.78 11.01
2 MARSH* 28.81 101.53 25.15 91.12 14.55 6.25 8.72
3 AON Romania 22.06 77.74 13.79 49.96 59.96 48.37 6.67
4 ASIGEST 17.81 62.76 17.01 61.64 4.66 -2.92 5.39
5 HVB INSURANCE 17.34 61.12 0.83 3.01 1,984.42 1,833.37 5.25
6 VBL BROKER 12.48 43.98 9.31 33.72 34.09 24.37 3.78
7 ACTIV ASIGURARI 12.37 43.59 10.50 38.04 17.81 9.27 3.74
8 GRAS SAVOYE ROMANIA 11.64 41.03 7.11 25.76 63.76 51.89 3.52
9 INK CONSULTANTA 9.79 34.50 6.20 22.48 57.75 46.32 2.96
10 EURIAL* 9.75 34.36 7.50 27.17 30.00 20.58 2.95
11 FINANS BROKER 6.71 23.64 2.25 8.15 198.26 176.64 2.03
12 EUROBROKERS GROUP 5.69 20.06 3.39 12.29 67.84 55.67 1.72
13 FORUM INSURANCE 5.41 19.08 5.84 21.15 -7.23 -13.95 1.64
14 SAFETY BROKER 4.18 14.74 0.00 0.00 - - 1.27
15 EOS RISQ ROMANIA 3.37 11.88 2.54 9.20 32.69 23.07 1.02
16 EURO ARC INSURANCE 2.97 10.48 2.21 8.01 34.51 24.76 0.90
17 FAIRWAY 2.83 9.99 1.96 7.11 44.55 34.08 0.86
18 HSI INSURANCE 2.56 9.02 2.38 8.62 7.65 -0.15 0.77
19 MAXYGO 2.52 8.90 - - - - 0.76
20 MILLENIUM 2.50 8.80 3.15 11.43 -20.80 -26.54 0.76
21 ASTOP 2.14 7.53 2.18 7.90 -2.03 -9.13 0.65
22 INTERCAM 1.70 6.00 1.30 4.70 31.31 21.80 0.52
23 TOTAL ADVISOR 1.58 5.55 1.04 3.76 51.86 40.85 0.48
24 SRBA 1.46 5.14 1.22 4.44 19.05 10.42 0.44
25 GLOBAL RISK SERVICES 1.20 4.22 1.37 4.95 -12.36 -18.71 0.36
26 NB BROKER 0.94 3.33 - - - - 0.29
27 NORD BROKER 0.68 2.39 1.20 4.34 -43.44 -47.54 0.20
28 SILGA 0.50 1.76 0.75 2.72 -33.56 -38.37 0.15
29 ROMASIG 0.47 1.66 0.42 1.53 11.31 3.24 0.14
30 PIRAEUS BROKER 0.25 0.88 - - - - 0.08
31 ZURICH BROKER 0.20 0.72 - - - - 0.06
32 SAFE INVEST NA NA 4.60 16.67 NA NA NA
33 BTWC** NA NA 4.04 14.63 NA NA NA
34 EUROPEAN CONSULTING GROUP** NA NA 3.44 12.48 NA NA NA
35 HREMA INSURANCE** NA NA 2.33 8.45 NA NA NA
36 LONDON BROKERS** NA NA 2.53 9.15 NA NA NA
37 PENTA** NA NA 2.52 9.14 NA NA NA
38 PSG** NA NA 2.46 8.90 NA NA NA
TOTAL TOP 10 178.42 628.82 118.26 428.49 50.87 39.94 53.98
TOTAL MARKET* 330.50 1,164.86 236.07 855.39 40.00 29.85 100.00
Claims adjusters - Financial indicators 2006*

Company Paid claims Nominal Real Administration fee Nominal Real Claims adjusting Total incomes
change change change change incomes
in EUR in RON in EUR in RON
2006 2005 2006 2005 2006 2006
EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m.
AVUS 2.35 8.27 1.67 6.04 40.92 30.70 0.50 1.77 0.38 1.37 32.59 22.98 0.59 2.07 0.68 2.39
INTERFIDES NA NA NA NA NA NA NA NA NA NA NA NA 0.31 1.11 0.31 1.11
* The table shows only the companies that provided figures to our inquiry.
IMPORTANT NOTES:
The tables are showing only the figures from the companies that provided answers to our inquiry. The estimations are made only for companies placed in the first ten companies in
the market as stated by the Insurance Supervisory Commission Report for 2005. All the companies for which the figures are estimations are marked with “*”.
The figures from the “TOTAL MARKET” line should be considered as estimations based on the available results from the companies that have sent us their financial figures. All the
figures regarding 2005 are published as in the Insurance Supervisory Commission Report.
The companies presented here and marked with “**” were placed in the first 20 companies in the market as stated by the Insurance Supervisory Commission Report for 2005. The
figures for the mentioned companies were not available for the analyzed period.
Starting the 3rd of January 2006, FORUM Insurance overtook the activity of FORUM Asigurari.
FINANS Broker was established at 12th of May, 2005 thus the figures corresponding to the year 2005 are rephering to the period May – December 2005.

by motor insurance while property insurance represents by property insurance. 98% from the company business are
about 25% from the company’s business during the ana- related with leasing operations.
lyzed period. General liability insurance owns a share of With a total amount from motor insurance holding 96%
more than 5% from the premiums mediated by MARSH. The from its portfolio, VBL Broker is placed sixth in the media-
company is the market leader in the field of property insur- tions top. The company mediated premiums, during 2006,
ance mediation holding a market share of 17% from the totaling EUR 12.5 million, increasing by 34% as compared
mentioned market. MARSH is also leader in the general lia- with the figures recorded during 2005.VBL Broker holds a
bility insurance business holding a market share of about market share of 3.8%.
19%.
ACTIV Asigurari mediated premiums totaling EUR 12.4 mil-
AON Romania increased with about 20 percentage points lion rising with about 18% as compared with the results
higher than the average increase recorded by the mediation from the preceding year. The company mediated premiums
market and advanced one position in the hierarchy of the from motor insurance business in a share of 97% from its
mediated premiums up to the third place. The total amount mediation portfolio on insurance classes, holds the 7th
of the premiums mediated by the company during the pre- place in the market and a market share of 3.7%.
vious year totalized EUR 22 million, increasing with 60%
INK holds the 9th place in the market. The company medi-
more than the figures recorded during 2005. The company
ated premiums that totaled EUR 9.8 million during the pre-
holds 6% from the market.
vious year increasing with about 58% in the analyzed period.
ASIGEST is placed 4th in the mediated premiums hierarchy The company accomplished an increase with more than 18
and holds a market share of 5.4%. The company recorded a percentage points higher than the average increase of the
nominal growth in euro with 4.7% more than the figures mediation market and holds a market share of about 3%.
recorded during 2005. More than 97% from the premiums mediated by the com-
HVB Insurance Broker accomplished the most impressive pany came from motor insurance business.
evolution in the market during the preceding year. The com- FINANS Broker accomplished a significant increase during
pany increased the value of mediated premiums in 2006 by the past year. Thus, the company succeeded a three times
21 times as compared with the value from 2005. HVB Insur- increase of its business as compared with the value of the
ance Broker mediated premiums amounting more than EUR mediated premiums recorded in 2005. Established in May
17 million, with more than EUR 16.5 million than the value 2005, the company mediated during the preceding year
recorded for the mentioned indicator during 2005. The premiums that amounted EUR 6.71 million. 27% from the
company entered in the TOP 10 insurance mediation com- mentioned figure is represented by life insurance, 61% by
panies and is placed in the 5th position. More than 81% of motor insurance while the property insurance holds a share
the premiums mediated by the company are related with of 11% from FINANS Broker businesses. The company holds
motor insurance while the rest up to 100% are represented a market share that exceeded 2%.
Life insurance mediated premium - 2006

UNAUDiTEd Mediated premium - 2006
DATA No. Company Weight in its LIFE INSURANCE Nominal change Real change Market share
Source: own insurance 2006 2005 in EUR in RON 2006
the insurance portfolio
brokerage EUR m. RON m. EUR m. RON m. % %
companies’ 1 SAFE INVEST 100.00 NA NA 4.60 16.67 NA NA NA
statements
2 FINANS BROKER 26.62 1.79 6.29 0.42 1.53 322.07 291.49 10.94
3 EUROBROKERS GROUP 29.10 1.66 5.84 0.93 3.38 77.59 64.72 10.15
4 MARSH* 2.66 0.77 2.70 0.07 0.26 956.30 879.75 4.69
5 GRAS SAVOYE ROMANIA 2.10 0.25 0.86 0.05 0.19 360.22 326.87 1.50
6 MAXYGO 7.08 0.18 0.63 - - - - 1.09
7 MILLENIUM 4.79 0.12 0.42 0.10 0.38 15.01 6.68 0.73
8 AON Romania 0.41 0.09 0.32 0.06 0.22 50.69 39.77 0.55
9 ASIGEST 0.47 0.08 0.30 - - - - 0.52
10 VBL BROKER 0.66 0.08 0.29 0.00 0.00 6,169.03 5,714.74 0.51
11 INTERCAM 1.70 0.03 0.10 0.01 0.05 123.11 106.94 0.18
12 FORUM INSURANCE 0.28 0.02 0.05 0.06 0.21 -73.30 -75.24 0.09
13 TOTAL ADVISOR 0.84 0.01 0.05 0.00 0.01 640.20 586.56 0.08
14 ROMASIG 2.19 0.01 0.04 0.01 0.03 8.55 0.68 0.06
15 ACTIV ASIGURARI 0.05 0.01 0.02 0.00 0.01 122.82 106.67 0.04
16 EURO ARC INSURANCE 0.11 0.00 0.01 0.00 0.01 49.32 38.50 0.02
17 SAFETY BROKER 0.08 0.00 0.01 - - - - 0.02
18 INK CONSULTANTA 0.02 0.00 0.01 0.00 0.00 114.23 98.70 0.01
19 GLOBAL RISK SERVICES 0.06 0.00 0.00 - - - - 0.00
20 SILGA 0.05 0.00 0.00 - - - - 0.00
TOTAL MARKET* 4.94 16.32 57.51 16.40 59.41 -0.48 -7.69 100.00
*estimation.

Non life insurance mediated premium - 2006

No. Company Weight in its NON-LIFE INSURANCE Nominal change Real change Market share UNAUDiTEd
own insurance 2006 2005 in EUR in RON 2006
portfolio DATA
EUR m. RON m. EUR m. RON m. % %
Source:
1 PORSCHE BROKER 100.00 36.38 128.22 20.86 75.58 74.42 61.78 11.58
the insurance
2 MARSH* 97.34 28.04 98.83 25.08 90.86 11.82 3.72 8.93 brokerage
3 AON Romania 95.09 20.97 73.92 13.73 49.74 52.77 41.70 6.68 companies’
4 ASIGEST 99.53 17.72 62.46 17.01 61.64 4.17 -3.38 5.64 statements
5 HVB INSURANCE 100.00 17.34 61.12 0.83 3.01 1,984.42 1,833.37 5.52
6 VBL BROKER 99.34 12.39 43.68 9.30 33.71 33.22 23.57 3.95
7 ACTIV ASIGURARI 99.95 12.36 43.57 10.50 38.03 17.78 9.25 3.93
9 INK CONSULTANTA 99.98 9.79 34.49 6.20 22.48 57.74 46.31 3.11
10 EURIAL* 100.00 9.75 34.36 7.50 27.17 30.00 20.58 3.10
11 FORUM INSURANCE 99.72 5.40 19.03 5.78 20.94 -6.57 -13.34 1.72
12 FINANS BROKER 73.38 4.92 17.35 1.83 6.62 169.57 150.04 1.57
13 SAFETY BROKER 99.92 4.18 14.73 - - - - 1.33
15 EOS RISQ ROMANIA* 100.00 3.37 11.88 2.54 9.20 32.70 23.08 1.07
17 FAIRWAY 100.00 2.83 9.99 1.96 7.11 44.55 34.08 0.90
18 HSI INSURANCE 100.00 2.56 9.02 2.38 8.62 7.65 -0.15 0.81
19 MILLENIUM 95.21 2.38 8.38 3.05 11.05 -22.02 -27.67 0.76
20 MAXYGO 92.92 2.35 8.27 - - - - 0.75
21 ASTOP 100.00 2.14 7.53 2.18 7.90 -2.03 -9.13 0.68
22 INTERCAM 98.30 1.67 5.90 1.28 4.65 30.39 20.94 0.53
23 TOTAL ADVISOR 99.16 1.56 5.50 1.04 3.75 50.85 39.92 0.50
24 SRBA 100.00 1.46 5.14 1.22 4.42 19.61 10.95 0.46
25 GLOBAL RISK SERVICES 99.94 1.20 4.21 1.37 4.95 -12.41 -18.76 0.38
26 NB BROKER 100.00 0.94 3.33 - - - - 0.30
27 NORD BROKER 100.00 0.68 2.39 1.20 4.34 -43.44 -47.54 0.22
28 SILGA 99.95 0.50 1.76 0.75 2.72 -33.59 -38.40 0.16
29 ROMASIG 97.81 0.46 1.62 0.41 1.50 11.37 3.30 0.15
30 PIRAEUS BROKER 100.00 0.25 0.88 - - - - 0.08
31 ZURICH BROKER 100.00 0.20 0.72 - - - - 0.07
TOTAL TOP 10 176.15 620.83 118.07 427.80 49.19 38.38 56.06
TOTAL MARKET* 95.06 314.19 1,107.35 219.68 795.98 43.02 32.66 100.00
IMPORTANT NOTE: The table shows only the companies that provided data.
*estimation.
EUROBROKERS GROUP recorded an increase with about 18 ity insurance which, added up, own a share of more than
percentage points higher than the market average. The to- 55% from the premiums mediated by the company. Motor
tal amount of the premiums mediated by the company dur- insurance own a share of only 30% from the premiums me-
ing the analyzed period amounted EUR 5.7 million. The diated during the past year by the company.
share of the life insurance mediations reached 30% while At GLOBAL RISK SERVICES the general liability insurance are
the motor insurance mediations own a share of more than holding 52% from the company’s businesses, credit and
64% from the mediations realized by the company during warranties insurances about 18% while motor insurance
the previous year. only 21%. The company mediated premiums of more than
Among EUROBROKERS GROUP, from the companies that EUR 1.2 million and owns 0.36% from the market.
answered to our inquiry, another two companies recorded
growing rates higher than the market average: FAIRWAY
(+44.50%) and TOTAL ADVISOR (+51.86%). 2007 perspectives…
Two companies kept our attention from the companies that The figures of the preceding year lead the conclusion that
sent us their financial results for the preceding year: EOS the insurance mediation companies which activities are re-
RISQ ROMANIA and GLOBAL RISK SERVICES. The mentioned lated with leasing operations are making the trends in this
companies are oriented to different insurance classes own- market. Also, motor insurance, particularly Motor Hull own
ing a business structure less oriented on motor insurance a deep impact in the mediation market.
but a structure where property and general liability insur- What can we expect in 2007? Maintaining the last period
ance prevails. trends of the insurance industry, the insurance mediation
EOS RISQ ROMANIA mediated during the preceding year market might reach, by the end of the current year the value
premiums amounting EUR 3.37 million, rising with about of EUR 450 million and the mediated premiums might in-
33% more than the results of 2005. The company owns a crease their share in the amount of gross written premium
market share that exceeds 1%. Most of the company’s me- up to one percentage point to 22% share in the total amount
diations are related to property insurance and general liabil- of gross written premium.

mediated premium 3Q 2006

Motor hull insurance Total motor insurance
No. Company EUR m. RON m. Weight in Market No. Company EUR m. RON m. Weight in its Market Share
its own Share 2006 own insurance 2006
insurance portfolio
portfolio
1 PORSCHE BROKER 28.91 101.90 79.47 15.33 1 PORSCHE BROKER 36.38 128.22 100.00 14.87
2 MARSH* 13.62 48.00 47.28 7.22 2 MARSH* 15.55 54.80 53.97 6.36
3 HVB INSURANCE 13.02 45.90 75.10 6.91
4 ACTIV ASIGURARI 11.18 39.39 90.35 5.93 3 HVB INSURANCE 14.13 49.82 81.51 5.78
5 AON Romania 10.52 37.06 47.68 5.58 4 AON Romania 13.88 48.91 62.92 5.67
6 VBL BROKER 9.50 33.48 76.14 5.04 5 ASIGEST* 13.00 45.81 73.00 5.31
7 INK CONSULTANTA 8.18 28.83 83.57 4.34
6 ACTIV ASIGURARI 11.97 42.19 96.79 4.89
8 ASIGEST* 8.01 28.24 45.00 4.25
9 EURIAL* 7.80 27.49 80.00 4.14 7 VBL BROKER 11.94 42.07 95.67 4.88
10 FORUM INSURANCE 4.52 15.92 83.42 2.39 8 EURIAL* 9.75 34.36 100.00 3.99
11 GRAS SAVOYE ROMANIA 4.28 15.09 36.77 2.27 9 INK CONSULTANTA 9.52 33.55 97.26 3.89
12 FINANS BROKER 3.33 11.73 49.61 1.76
10 FORUM INSURANCE 5.20 18.32 95.99 2.12
13 EURO ARC INSURANCE 2.03 7.16 68.30 1.08
14 HSI INSURANCE 1.84 6.47 71.75 0.97 11 GRAS SAVOYE ROMANIA 4.84 17.08 41.62 1.98
15 SAFETY BROKER 1.50 5.27 35.76 0.79 12 FINANS BROKER 4.09 14.41 60.95 1.67
16 EOS RISQ ROMANIA 0.74 2.62 22.06 0.39 13 SAFETY BROKER 4.02 14.17 96.15 1.64
17 INTERCAM 0.68 2.40 39.99 0.36
18 SRBA 0.56 1.96 38.07 0.29 14 EUROBROKERS GROUP 3.64 12.84 64.01 1.49
19 ASTOP 0.50 1.77 23.46 0.27 15 EURO ARC INSURANCE 2.48 8.73 83.34 1.01
20 EUROBROKERS GROUP 0.47 1.67 8.30 0.25 16 HSI INSURANCE 2.15 7.59 84.18 0.88
21 MAXYGO 0.46 1.63 18.32 0.25
17 MAXYGO 1.92 6.77 76.05 0.78
22 TOTAL ADVISOR 0.39 1.38 24.84 0.21
23 NORD BROKER 0.33 1.15 48.31 0.17 18 ASTOP 1.87 6.61 87.76 0.77
24 NB BROKER 0.28 1.00 30.04 0.15 19 INTERCAM 1.19 4.20 69.98 0.49
25 PIRAEUS BROKER 0.23 0.81 92.00 0.12 20 SRBA 1.13 4.00 77.79 0.46
26 SILGA 0.19 0.67 38.00 0.10
27 ROMASIG 0.15 0.53 31.73 0.08 21 TOTAL ADVISOR 1.05 3.71 66.75 0.43
28 GLOBAL RISK SERVICES 0.12 0.43 10.24 0.07 22 EOS RISQ ROMANIA 1.01 3.56 29.94 0.41
29 ZURICH BROKER 0.05 0.17 23.40 0.03 23 NB BROKER 0.58 2.05 61.58 0.24
TOTAL MARKET* 188.60 664.72 57.06 100.00
24 NORD BROKER 0.41 1.44 60.32 0.17
25 ROMASIG 0.39 1.39 83.68 0.16
Motor third party liability - green card included 26 SILGA 0.32 1.12 63.93 0.13
27 GLOBAL RISK SERVICES 0.25 0.88 20.85 0.10
No. Company EUR m. RON m. Weight in Market Share
its own 2006 28 PIRAEUS BROKER 0.23 0.82 93.20 0.09
insurance 29 ZURICH BROKER 0.09 0.31 43.40 0.04
portfolio TOTAL MARKET* 244.62 862.17 74.01 100.00
1 PORSCHE BROKER 7.47 26.33 20.53 13.33
2 ASIGEST* 4.99 17.57 28.00 8.90 IMPORTANT NOTE: The table shows only the companies that provided data.
3 AON Romania 3.36 11.85 15.25 6.00 *estimation.
4 EUROBROKERS GROUP 3.17 11.17 55.71 5.66
5 SAFETY BROKER 2.53 8.90 60.39 4.51
6 VBL BROKER 2.44 8.59 19.53 4.35
7 EURIAL* 1.95 6.87 20.00 3.48
8 MARSH* 1.93 6.80 6.70 3.44
9 MAXYGO 1.46 5.14 57.73 2.60
10 ASTOP 1.37 4.84 64.30 2.45
11 INK CONSULTANTA 1.34 4.72 13.69 2.39
12 HVB INSURANCE 1.11 3.91 6.40 1.98
13 ACTIV ASIGURARI 0.80 2.81 6.44 1.42
14 FINANS BROKER 0.76 2.68 11.34 1.36
15 FORUM INSURANCE 0.68 2.40 12.57 1.21
16 TOTAL ADVISOR 0.66 2.33 41.91 1.18
17 SRBA 0.58 2.04 39.72 1.03
18 GRAS SAVOYE ROMANIA 0.56 1.99 4.85 1.01
19 INTERCAM 0.51 1.80 29.99 0.91 UNAUDiTEd DATA
20 EURO ARC INSURANCE 0.45 1.58 15.05 0.80 Source:
21 HSI INSURANCE 0.32 1.12 12.43 0.57 the insurance
22 NB BROKER 0.30 1.05 31.54 0.53 brokerage
23 EOS RISQ ROMANIA 0.27 0.94 7.88 0.47 companies’
24 ROMASIG 0.24 0.86 51.94 0.44 statements
25 SILGA 0.13 0.46 25.94 0.23
26 GLOBAL RISK SERVICES 0.13 0.45 10.61 0.23
27 NORD BROKER 0.08 0.29 12.01 0.15
28 ZURICH BROKER 0.04 0.14 19.99 0.07
29 PIRAEUS BROKER 0.00 0.01 1.20 0.01
TOTAL MARKET* 56.02 197.44 16.95 100.00

Property insurance (overall) General Third Party Liability

No. Company EUR m. RON m. Weight in Market No. Company EUR m. RON m. Weight in Market UNAUDiTEd
its own Share 2006 its own Share 2006 DATA
insurance insurance
Source:
portfolio portfolio
the insurance
1 MARSH* 7.12 25.10 24.72 16.85 1 MARSH* 1.53 5.40 5.32 18.95 brokerage
2 AON Romania 5.13 18.09 23.27 12.15 2 AON Romania 1.17 4.11 5.28 14.41 companies’
3 GRAS SAVOYE ROMANIA 0.84 2.97 7.24 10.42 statements
3 GRAS SAVOYE ROMANIA 5.00 17.63 42.98 11.84
4 EOS RISQ ROMANIA* 0.65 2.31 19.42 8.09 IMPORTANT NOTE:
4 ASIGEST* 3.97 13.99 22.30 9.40
5 GLOBAL RISK SERVICES 0.62 2.19 51.97 7.69 The table shows
5 HVB INSURANCE 3.21 11.30 18.50 7.59 6 EURO ARC INSURANCE 0.29 1.04 9.89 3.64 only the companies
6 EOS RISQ ROMANIA 1.18 4.15 34.91 2.78 that provided data.
7 FINANS BROKER 0.09 0.33 1.38 1.15
*estimation
7 FINANS BROKER 0.74 2.59 10.96 1.74 8 INTERCAM 0.09 0.30 5.00 1.05
8 VBL BROKER 0.45 1.57 3.57 1.05 9 MAXYGO 0.08 0.29 3.28 1.02
9 INTERCAM 0.40 1.40 23.33 0.94 10 FORUM INSURANCE 0.06 0.21 1.10 0.74
11 TOTAL ADVISOR 0.06 0.19 3.51 0.68
10 TOTAL ADVISOR 0.37 1.30 23.45 0.87
11 ACTIV ASIGURARI 0.36 1.26 2.89 0.85
13 ASTOP 0.04 0.15 1.95 0.52
14 NB BROKER 0.03 0.12 3.60 0.42
13 NB BROKER 0.25 0.89 26.83 0.60 15 SAFETY BROKER 0.02 0.08 0.53 0.28
14 MAXYGO 0.23 0.82 9.24 0.55 16 SRBA 0.02 0.07 1.40 0.25
15 SRBA 0.22 0.78 15.16 0.52 17 ROMASIG 0.02 0.07 4.08 0.24
16 ASTOP 0.17 0.60 7.98 0.40 18 INK CONSULTANTA 0.02 0.06 0.17 0.21
17 INK CONSULTANTA 0.14 0.50 1.46 0.34 19 ACTIV ASIGURARI 0.01 0.05 0.11 0.16
20 HSI INSURANCE 0.00 0.02 0.17 0.05
18 SILGA 0.13 0.47 26.94 0.32
21 SILGA 0.00 0.01 0.82 0.05
19 EURO ARC INSURANCE 0.13 0.46 4.37 0.31
22 VBL BROKER 0.00 0.01 0.02 0.03
20 HSI INSURANCE 0.10 0.36 3.98 0.24 23 NORD BROKER 0.00 0.00 0.11 0.01
21 FORUM INSURANCE 0.10 0.34 1.80 0.23 24 ZURICH BROKER 0.00 0.00 0.12 0.00
22 GLOBAL RISK SERVICES 0.06 0.20 4.81 0.14 TOTAL MARKET* 8.09 28.50 2.45 100.00
23 SAFETY BROKER 0.05 0.19 1.30 0.13
24 ROMASIG 0.04 0.13 8.10 0.09 Fire and allied perils insurance
25 ZURICH BROKER 0.04 0.13 18.13 0.09 No. Company EUR m. RON m. Weight in Market
26 PIRAEUS BROKER 0.02 0.06 6.80 0.04 its own Share 2006
insurance
27 NORD BROKER 0.01 0.05 1.92 0.03
portfolio
TOTAL MARKET* 42.25 148.92 12.78 100.00 1 MARSH* 6.81 24.00 23.64 23.17
2 AON Romania 4.84 17.08 21.97 16.48
Damages to property insurance 3 ASIGEST* 3.75 13.22 21.07 12.76
4 EOS RISQ ROMANIA 1.18 4.15 34.91 4.00
No. Company EUR m. RON m. Weight in Market
5 FINANS BROKER 0.74 2.59 10.96 2.50
its own Share 2006
insurance 6 GRAS SAVOYE ROMANIA 0.50 1.76 4.29 1.70
portfolio 7 INTERCAM 0.40 1.40 23.33 1.35
1 GRAS SAVOYE ROMANIA 4.50 15.87 38.69 35.02 8 VBL BROKER 0.37 1.30 2.95 1.25
2 HVB INSURANCE 3.21 11.30 18.50 24.94 9 ACTIV ASIGURARI 0.35 1.23 2.82 1.19
10 TOTAL ADVISOR 0.28 0.99 17.78 0.95
3 MARSH* 0.31 1.10 1.08 2.43
11 NB BROKER 0.25 0.89 26.83 0.86
4 AON Romania 0.29 1.02 1.31 2.24
5 ASIGEST* 0.22 0.77 1.23 1.70
13 SRBA 0.21 0.75 14.57 0.72
6 MAXYGO 0.19 0.67 7.56 1.48 14 ASTOP 0.17 0.60 7.96 0.58
7 EURO ARC INSURANCE 0.13 0.46 4.37 1.01 15 SILGA 0.13 0.47 26.94 0.46
8 TOTAL ADVISOR 0.09 0.31 5.67 0.69 16 FORUM INSURANCE 0.10 0.34 1.80 0.33
9 VBL BROKER 0.08 0.27 0.61 0.59 17 HSI INSURANCE 0.09 0.31 3.49 0.30
10 EUROBROKERS GROUP 0.03 0.10 0.52 0.23 18 GLOBAL RISK SERVICES 0.06 0.20 4.81 0.20
11 SAFETY BROKER 0.02 0.07 0.45 0.15 19 MAXYGO 0.04 0.15 1.68 0.14
12 HSI INSURANCE 0.01 0.04 0.50 0.10 20 ROMASIG 0.04 0.13 8.10 0.13
21 ZURICH BROKER 0.04 0.13 18.13 0.13
13 SRBA 0.01 0.03 0.58 0.07
22 SAFETY BROKER 0.04 0.13 0.86 0.12
14 ACTIV ASIGURARI 0.01 0.03 0.07 0.06
23 PIRAEUS BROKER 0.02 0.06 6.80 0.06
15 ASTOP 0.00 0.00 0.02 0.00
24 NORD BROKER 0.01 0.05 1.92 0.04
TOTAL MARKET* 12.86 45.33 3.89 100.00 TOTAL MARKET* 29.39 103.59 8.89 100.00

Portfolio Of Mediated Premiums Through The Companies That Have Subscribed The Risks*
LEGEND COMPANY
OTHER COMPANY**
INTERAMERICAN
ALLIANZ-ŢIRIAC
<5%
NBG Asigurări
BCR Asigurări
AIG Romania
BT Asigurări
OMNIASIG
ASITRANS
GENERALI
GARANTA
ASIROM
AIG Life
ASIBAN
GRAWE
5-15%
ARDAF
ASTRA
UNITA
AVIVA
RAI
15-25% 1 ASTOP
25-35% 2 EOS RISQ ROMANIA
3 EUROBROKERS GROUP
35-45% 4 FAIRWAY
>45% 5 FINANS BROKER**
6 FORUM INSURANCE
Non-specified 7 GLOBAL RISK SERVICES
8 GRAS SAVOYE ROMANIA
9 HSI INSURANCE
10 HVB INSURANCE
11 INK CONSULTANTA
12 INTERCAM
13 MAXYGO
14 MILLENIUM
15 NB BROKER
16 NORD BROKER
17 PIRAEUS BROKER
18 PORSCHE BROKER
19 ROMASIG
20 SAFETY BROKER
21 SILGA
22 SRBA
23 TOTAL ADVISOR
24 ZURICH BROKER
*The table above is based only on figures from the brokers that have supplied answers to our inquiry;
**This company has nominated the companies that have subscribed the risks for non-life insurance. 99.1 of the mediated premiums for life insurance have been subscribed through ASIBAN.
Customers Portfolio - 2006 2006 Incomes

UNAUDiTEd DATA No. Company Legal Of which, Natural Of which, No. COMPANY
Incomes from risk inspections
in connection with the object

Incomes from other activities
Incomes from average agent
activity - total, out of which:
and reinsurance contracts

from insurance brokerage
Incomes from insurance

persons insurances persons insurances
Source:
Incomes from loss

relatated relatated
settlements
the insurance negotiation
of activity
with leas- with leas-
brokerage companies’
ing opera- ing opera-
statements
tions tions
% % % %
1 AON Romania 98.00 2.00 RON m. RON m. RON m. RON m. RON m. RON m.
2 ASIGEST 94.00 58.00 6.00 - 1 ACTIV ASIGURARI 5.99 5.67 - 0.10 - 0.21
3 ASTOP 30.00 - 70.00 - 2 AON Romania 7.47 6.92 - - - 0.55
4 EOS RISQ ROMANIA 91.00 - 9.00 - 3 ASIGEST 7.20 7.20 - - - -
4 ASTOP 1.75 1.30 - 0.45 - -
5 AVUS 2.07 - - 2.07 - -
6 FAIRWAY 100.00 - - - 6 EOS RISQ ROMANIA 1.99 1.98 - - - 0.02
7 FORUM INSURANCE 78.00 80.00 22.00 - 7 EURO ARC INSURANCE 1.14 - - - - -
8 GLOBAL RISK SERVICES 88.00 7.00 12.00 1.00 8 EUROBROKERS GROUP 4.05 4.03 - 0.02 - -
9 GRAS SAVOYE ROMANIA 97.00 - 3.00 - 9 FAIRWAY 1.98 1.98 - - - -
10 HSI INSURANCE 98.00 90.00 2.00 - 10 FINANS BROKER 3.76 3.76 - - - -
11 FORUM INSURANCE 2.21 2.02 - 0.19 - -
11 HVB INSURANCE 76.00 98.00 23.00 98.00
12 GLOBAL RISK SERVICES 0.73 0.73 - - - -
12 INTERCAM 50.00 10.00 50.00 10.00 13 GRAS SAVOYE ROMANIA 3.82 3.82 - - - -
13 MARSH* 100.00 45.00 - - 14 INK CONSULTANTA 4.64 4.64 - - - -
14 MAXYGO 38.50 - 61.50 - 15 INTERFIDES 1.11 - - 1.11 - -
15 MILLENIUM 71.00 75.00 29.00 - 16 MARSH* 13.50 13.50 - - - -
16 NB BROKER 75.00 - 25.00 - 17 MAXYGO 1.65 1.56 - - - 0.09
18 MILLENIUM 1.14 1.14 - - - -
17 NORD BROKER 74.50 71.00 25.50 4.00
19 NB BROKER 0.34 0.34 - 0.00 - -
18 PIRAEUS BROKER 92.00 85.00 8.00 - 20 NORD BROKER 0.34 0.34 - 0.00 - -
19 PORSCHE BROKER 71.30 79.93 28.70 83.30 21 PIRAEUS BROKER 0.10 0.10 - - - -
20 ROMASIG 45.42 - 54.58 - 22 PORSCHE BROKER 18.28 18.28 - - - -
21 SAFETY BROKER 81.00 62.00 19.00 6.00 23 ROMASIG 0.29 0.29 - - - -
22 SILGA 30.00 - 70.00 - 24 SAFETY BROKER 1.81 1.81 - - - -
25 SRBA 0.95 0.95 - - - -
23 SRBA 90.00 - 10.00 -
26 TOTAL ADVISOR 1.34 0.14 0.01 - 0.00 -
24 TOTAL ADVISOR 83.00 - 17.00 - 27 VBL BROKER 6.27 6.27 - - - -
25 ZURICH BROKER 65.00 - 35.00 - 28 ZURICH BROKER 0.12 0.12 - - - -

Financial indicators of the brokerage companies - 2006

UNAUDiTEd INCOMES COMMISSIONS
DATA No. COMPANY 2006 2005 Nominal change Real change in 2006
in EUR RON
Source:
the insurance EUR m. RON m. EUR m. RON m. % % EUR m. RON m.
brokerage 1 PORSCHE BROKER 5.19 18.28 3.19 11.55 62.73 50.94 5.19 18.28
companies’ 2 MARSH* 3.84 13.53 2.76 9.99 39.17 29.08 3.70 13.03
statements 3 AON Romania 2.12 7.47 1.50 5.43 41.43 31.18 NA NA
IMPORTANT NOTE: 4 ASIGEST 2.04 7.20 1.97 7.12 3.90 -3.63 2.04 7.20
The table shows 5 HVB INSURANCE 1.94 6.85 0.83 3.01 133.61 116.68 1.94 6.85
only the companies 6 VBL BROKER 1.78 6.27 1.26 4.58 40.75 30.55 1.78 6.27
that provided data. 7 ACTIV ASIGURARI 1.61 5.67 1.43 5.18 12.46 4.31 1.64 5.77
*estimation 8 TOTAL ADVISOR 1.58 5.55 0.20 0.71 706.83 648.37 0.38 1.34
9 INK CONSULTANTA 1.32 4.64 0.87 3.16 50.91 39.97 NA NA
12 FINANS BROKER 1.07 3.76 0.39 1.41 173.60 153.77 1.07 3.76
13 FORUM INSURANCE 0.63 2.21 0.71 2.58 -12.11 -18.48 0.63 2.21
14 FAIRWAY 0.58 2.06 0.46 1.66 27.42 18.19 0.56 1.98
15 EOS RISQ ROMANIA 0.57 1.99 0.51 1.83 11.70 3.61 0.56 1.98
16 ASTOP 0.55 1.93 0.41 1.48 34.10 24.39 0.37 1.30
17 SAFETY BROKER 0.51 1.81 0.06 0.22 757.66 695.51 0.51 1.81
18 MAXYGO 0.44 1.56 0.14 0.50 223.27 199.84 NA NA
19 INTERCAM 0.34 1.20 0.29 1.06 16.38 7.95 0.28 1.00
20 MILLENIUM 0.32 1.14 0.26 0.93 26.82 17.63 0.32 1.14
22 SRBA 0.27 0.95 0.21 0.78 25.65 16.55 0.27 0.95
23 GLOBAL RISK SERVICES 0.21 0.73 0.19 0.69 9.01 1.11 0.21 0.73
24 ZURICH BROKER 0.20 0.72 - - - - 0.04 0.12
25 NB BROKER 0.13 0.45 0.19 0.67 -31.64 -36.59 0.13 0.45
26 NORD BROKER 0.10 0.34 0.13 0.49 -28.16 -33.37 0.10 0.34
27 ROMASIG 0.08 0.29 0.12 0.45 -33.70 -38.51 0.08 0.29
28 HSI INSURANCE 0.08 0.29 0.32 1.14 -74.02 -75.90 0.27 0.96
29 PIRAEUS BROKER 0.03 0.10 - - - - 0.03 0.10
30 SILGA NA NA 0.17 0.60 - - 0.14 0.50
TOTAL MARKET* 64.03 225.68 45.74 165.73 40.00 29.85
Structure of gross written/mediated premiums 2006

CLASS OF INSURANCE GROSS WRITTEN PREMIUMS SHARE OF MEDIATED MEDIATED PREMIUMS
PREMIUMS IN WRITTEN
PREMIUMS
EUR m. % % % EUR m.
TOTAL 1,624.19 100.00 20.35 100.00 330.50
LIFE INSURANCE 322.54 19.86 5.06 4.94 16.31
NON-LIFE 1,301.66 80.14 24.14 95.07 314.19
PROPERTY TOTAL 196.67 12.11 21.48 12.78 42.25
FIRE AND ALLIED PERILS 150.08 9.24 19.58 8.89 29.39
DAMAGES TO PROPERTY 46.59 2.87 27.61 3.89 12.86
MOTOR TOTAL 877.86 54.05 27.87 74.01 244.62
MOTOR HULL 529.16 32.58 35.64 57.06 188.60
MOTOR THIRD PART LIABILITY 348.70 21.47 16.07 16.95 56.02
Accidents and illness insurance 29.21 1.80 4.97 0.44 1.45
Health insurance 9.82 0.60 2.85 0.08 0.28
Rail transport means insurance, Aircraft insur- 14.44 0.89 13.50 0.59 1.95
ance, Ships insurance (ocean, inland) added up
Goods in transit insurance including cargo, 13.58 0.84 32.77 1.35 4.45
baggage and any other goods transportation
Credit and warranties insurance 115.61 7.12 3.75 1.31 4.34
Financial loss insurance 1.92 0.12 90.80 0.53 1.74
Assistance of the persons in difficulty insurance 9.51 0.59 0.71 0.02 0.07
Liability insurance 25.18 1.55 32.11 2.45 8.09
Others 7.86 0.48 63.09 1.50 4.96

ROMANIAN INSURANCE MEDIATION COMPANIES
PORTFOLIOS
ACTIV ASIGURARI AON Romania1 ASIGEST*
0.05% 2.82% 0.41% 23.27% 0.47% 22.30%
0.34% 6.70% 4.23%
6.44% 90.35% 1.41%
5.28%
21.97% 28.00% 21.07%
96.79% 1.31% 1.23%

15.25%
73.00%
47.68% 62.92% 45.00%
99.95% 95.09% 99.53%
ASTOP EOS RISQ ROMANIA EURO ARC INSURANCE

34.91% 0.11% 4.37%
2.33% 7.96% 14.31% 2.29%
1.95% 9.89%
1.42%
19.42% 83.34%
64.30% 23.46%
15.05%
7.88%
87.75% 68.30%
100% 29.94% 100% 22.06% 86.38%
EUROBROKERS GROUP FAIRWAY FINANS BROKER

29.10%
0.09%
2.79% 26.62%
1.38%
11.34%
64.01% 100%
60.95%
4.10%
10.96%
55.71% 8.30% 49.61%
70.90% 73.38%
See page 52
FORUM INSURANCE GLOBAL RISK SERVICES GRAS SAVOYE ROMANIA

0.28% 1.80%
0.83% 0.06% 4.81% 2.38% 2.10%
1.10% 4.78% 1.53% 4.29%
10.24%
12.57% 2.15%
20.85% 7.24%
17.54% 4.85%
38.69%
10.61% 36.77%
95.99%
42.98%
83.42%
51.97% 49.48%
99.72% 99.04% 97.90%
1
4.5% from the mediated premium of the company are related to reinsurance.
*estimation

HSI INSURANCE HVB INSURANCE INK CONSULTANTA

3.49% 71.75% 0.02% 1.46%
7.11% 6.40% 18.50% 1.26%
5.23%
13.69%
12.43% 75.10%
84.18%
81.50% 97.26%
100% 83.57%
100% 99.98%
INTERCAM MARSH* MAXYGO

2.66% 24.72%
1.70% 23.33% 3.33% 7.08%
6.33%
5.00% 1.03% 1.68%
1.08% 23.64% 3.28% 7.56%
5.91%
9.24%
5.32%
29.99%
1.08%
6.70%
76.05%
18.32%
53.97%
69.98% 47.28%
39.99% 57.73%
98.30% 97.34% 92.92%
NB BROKER NORD BROKER PIRAEUS BROKER

26.83% 1.92% 60.32% 1.20% 6.80%
7.99% 0.67%
5.60%
3.60%
92.00%
61.58% 31.49%
48.31% 93.20%
31.54% 30.04% 12.01%
100% 100% 100%
PORSCHE BROKER life insurance

Legend
20.53% 79.47% general insurance
fire and allied perils insurance
property
motor insurance
liability insurance motor hull
100% travel insurance motor TPL
100%
accident and sickness insurance, including profesional accident and sickness
other

ROMASIG SAFETY BROKER SILGA

2.19% 8.10% 0.08% 96.15% 0.05% 26.94%
1.96%
4.08% 3.77% 9.08%
51.94% 31.73% 25.94%
83.68% 35.76%
60.39% 38.00% 63.93%

97.81% 99.92% 99.95%
SRBA TOTAL ADVISOR VBL BROKER

6.23% 14.57% 0.84% 0.66% 2.95%
17.78%
5.45% 0.72%
1.40% 95.67%
3.51% 5.67% 19.53%
38.07%
23.45%
41.91%
76.14%
24.84% 66.75%
39.72% 77.79%
100% 99.16% 99.34%
COCKTAILURI
DINEURI
RECEPŢII
Comenzi online
www.gala.ro
Tel.: +40 21 252 2879
Fax: +40 21 252 2877
e-mail: gala@gala.ro

Insurance brokerage companies portfolios 2006

No. Company
Goods in transit insurance including cargo, baggage

PROPERTY MOTOR
Rail transport means insurance, Aircraft insurance,

Ships insurance (ocean, inland) added up
and any other goods transportation


DAMAGES TO PROPERTY
Liability insurance
Travel insurance
Health insurance
LIFE INSURANCE
MOTOR HULL
NON-LIFE
Others
TOTAL
TOTAL
1 ACTIV ASIGURARI 0.05 99.95 2.89 2.82 0.07 96.79 90.35 6.44 0.02 0.06 0.06 0.03 - - - 0.11 -
2 AON Romania 1 0.41 95.09 23.27 21.97 1.31 62.92 47.68 15.25 0.92 - 0.11 1.02 1.41 0.03 0.06 5.28 4.50
3 ASIGEST* 0.47 99.53 22.30 21.07 1.23 73.00 45.00 28.00 0.91 - - 1.10 0.50 - - - 1.72
4 ASTOP - 100.00 7.98 7.96 0.02 87.76 23.46 64.30 0.82 0.01 - 1.22 0.27 - - 1.95 -
5 EOS RISQ ROMANIA - 100.00 34.91 34.91 - 29.94 22.06 7.88 0.73 0.32 0.21 6.53 1.42 6.53 - 19.42 -
6 EURIAL* - 100.00 - - - 100.00 80.00 20.00 - - - - - - - - -
7 EURO ARC INSURANCE 0.11 99.89 4.37 - 4.37 83.34 68.30 15.05 0.10 - - - - 2.03 0.16 9.89 -
8 EUROBROKERS GROUP 29.10 70.90 4.62 4.10 0.52 64.01 8.30 55.71 0.19 0.68 - 0.47 - - - 0.93 -
9 FAIRWAY - 100.00 - - - - - - - - 29.86 43.70 - - - - 26.44
10 FINANS BROKER 26.62 73.38 10.96 10.96 - 60.95 49.61 11.34 - 0.02 - 0.07 - - - 1.38 -
11 FORUM INSURANCE 0.28 99.72 1.80 1.80 - 95.99 83.42 12.57 - 0.16 - 0.67 - - - 1.10 -
12 GLOBAL RISK SERVICES 0.06 99.94 4.81 4.81 - 20.85 10.24 10.61 0.45 - 0.06 4.27 17.54 - - 51.97 -
13 GRAS SAVOYE ROMANIA 2.10 97.90 42.98 4.29 38.69 41.62 36.77 4.85 1.53 - - 2.38 2.15 - - 7.24 -
14 HSI INSURANCE - 100.00 3.98 3.49 0.50 84.18 71.75 12.43 0.83 - - 5.61 5.23 - - 0.17 -
15 HVB INSURANCE - 100.00 18.50 - 18.50 81.50 75.10 6.40 - - - - - - - - -
16 INK CONSULTANTA 0.02 99.98 1.46 1.46 - 97.26 83.57 13.69 - 0.11 - 0.01 0.97 - - 0.17 -
17 INTERCAM 1.70 98.30 23.33 23.33 - 69.98 39.99 29.99 - - - - - - - 5.00 -
18 MARSH* 2.66 97.34 24.72 23.64 1.08 53.97 47.28 6.70 1.08 - 1.33 1.77 5.91 3.15 0.08 5.32 -
19 MAXYGO 7.08 92.92 9.24 1.68 7.56 76.05 18.32 57.73 1.03 0.74 1.81 0.70 0.08 - - 3.28 -
20 MILLENIUM 4.79 95.21 - - - - - - - - - - - - - - 95.21
21 NB BROKER - 100.00 26.83 26.83 - 61.58 30.04 31.54 - 2.19 - 5.11 - 0.69 - 3.60 -
22 NORD BROKER - 100.00 1.92 1.92 - 60.32 48.31 12.01 5.60 - - - 31.49 - 0.55 0.11 -
23 PIRAEUS BROKER - 100.00 6.80 6.80 - 93.20 92.00 1.20 - - - - - - - - -
24 PORSCHE BROKER - 100.00 - - - 100.00 79.47 20.53 - - - - - - - - -
25 ROMASIG 2.19 97.81 8.10 8.10 - 83.68 31.73 51.94 0.30 0.96 0.23 0.43 - 0.03 - 4.08 -
26 SAFETY BROKER 0.08 99.92 1.30 0.86 0.45 96.15 35.76 60.39 - 0.18 1.25 0.46 0.05 - - 0.53 -
27 SILGA 0.05 99.95 26.94 26.94 - 63.93 38.00 25.94 0.32 0.87 - - - - - 0.82 7.07
28 SRBA - 100.00 15.16 14.57 0.58 77.79 38.07 39.72 0.59 0.45 0.40 1.92 0.30 1.97 - 1.40 0.02
29 TOTAL ADVISOR 0.84 99.16 23.45 17.78 5.67 66.75 24.84 41.91 0.68 - 0.08 4.50 - 0.01 0.19 3.51 -
30 VBL BROKER 0.66 99.34 3.57 2.95 0.61 95.67 76.14 19.53 0.01 0.05 0.02 0.00 - - - 0.02 -
31 ZURICH BROKER - 100.00 18.13 18.13 - 43.40 23.40 19.99 - 25.57 - - - - - 0.12 12.77
TOTAL MARKET* 4.94 95.06 12.78 8.89 3.89 74.01 57.06 16.95 0.44 0.08 0.59 1.35 1.31 0.53 0.02 2.45 1.50
1
4.5% from the mediated premium of the company are related to reinsurance.
*estimation

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year V - issue 1/2007 (14)

Produced by Media XPRIMM  MARCH 2007

Year V - no. 1/2007 (14)

Member since 2003

Published by Media XPRIMM

Edition closing at: March 15, 2006

www.insuranceprofile.ro  Year V - no. 1/2007 (14)

SUMMARY THE ROMANIAN INSURANCE MARKET 2006 

non-life INSURANCE (total) 12 All insurance lines total 41

TOP INSURANCE MEDIATION COMPANIES

 Insurance PROFILE Review - industry quarterly

THE ROMANIAN INSURANCE MARKET

UPS & DOWNS

www.insuranceprofile.ro  Year V - no.1/2007 (14)

450 2006: Changes in Top 10

 Insurance PROFILE Review - industry quarterly

de peste 10 ani printre cei mai buni

ING Asigurări de Viaţă

CARPATICA Asigurări Top 10 - market shares, 2006

 Insurance PROFILE Review - industry quarterly

www.insuranceprofile.ro  Year V - no.1/2007 (14)

LIFE INSURANCE MARKET

Gross written premiums for life insurance in 2006

ING Asigurări de Viaţă

 Insurance PROFILE Review - industry quarterly

Produced by Media XPRIMM 

Romanian Market in 2006! Preliminary results in

Your Business Reference

Life insurance, annuities and supplementary Life insuranceand annuities related to

www.insuranceprofile.ro 11 Year V - no.1/2007 (14)

NON LIFE INSURANCE

a top on the move

Gross written premiums for non-life insurance in 2006 EUR m.

0 50 100 150 200 250 300 350

12 Insurance PROFILE Review - industry quarterly

UNITA lost 3 places, on the background of a real increase

www.insuranceprofile.ro 13 Year V - no.1/2007 (14)

14 Insurance PROFILE Review - industry quarterly

Sinaia, ROMANIA May 21st - 25th, 2007

Media Partners (Romania)

With the special support of

16 Insurance PROFILE Review - industry quarterly

www.insuranceprofile.ro 17 Year V - no.1/2007 (14)

ASITO KAPITAL Other > Weight in market portfolio: 12.11 %

generali AIG România

18 Insurance PROFILE Review - industry quarterly

Joi, 19 aprilie 2007, ora 09:30

Dezbatere asupra normelor asigurărilor

Pentru înscrieri şi informaţii suplimentare:

Alexandru CIUNCAN, Director Eveniment

FIRE AND ALLIED PERILS INSURANCE 2006

BCR Asigurări UNITA

DAMAGES TO PROPERTY INSURANCE, AGRICULTURAL INSURANCE INCLUDED 2006

www.insuranceprofile.ro 21 Year V - no.1/2007 (14)

OMNIASIG ALLIANZ - ŢIRIAC

www.insuranceprofile.ro 23 Year V - no.1/2007 (14)

CITY Insurance OMNIASIG

26 Insurance PROFILE Review - industry quarterly

www.insuranceprofile.ro 27 Year V - no.1/2007 (14)

insurance, Ships insurance (ocean, inland) added

Assistance of the persons in difficulty insurance

Credit and warranties insurance

Financial loss insurance

Produced by Media XPRIMM MARCH 2007

www.insuranceprofile.ro Year V - no. 1/2007 (14)

SUMMARY THE ROMANIAN INSURANCE MARKET 2006

non-life INSURANCE (total) 12 All insurance lines total 41

Insurance PROFILE Review - industry quarterly

www.insuranceprofile.ro Year V - no.1/2007 (14)

Insurance PROFILE Review - industry quarterly

Insurance PROFILE Review - industry quarterly

www.insuranceprofile.ro Year V - no.1/2007 (14)

Insurance PROFILE Review - industry quarterly

Produced by Media XPRIMM

* 98.89 51.56 100.00