About us
Romania – Generali
Profile
The history of the Generali Group in Romania starts in 1835, with the establishment of its first subsidiary, in the largest Romanian trading city of that time, Braila, whose main objective was to provide insurance for the transported goods. Until 1948 it became the insurer with the largest amount of clients in pre-World War II Romania but, due to the political context, Generali was forced to withdraw from the Eastern-European market. Taking into consideration the political changes in Romania, in 1993, Generali returns to the Romanian market.
Now, Generali Asigurari has a national network consisting of 92 de agencies and POS’s, and the company’s portfolio includes all types of insurance products. Over 450 employees and almost 4,000 agents are working for Generali Asigurari.
At the end of 2008, Generali Asigurari reached the 9th position in the top of Romanian insurers, with a GWP of EUR 417 million (life and non-life segments) and a market share of 4,75%.
Starting with 2007, on 17th of September, Generali Pension Founds launched itself in the newly formed market of the second pillar pensions , and is at present the 3rd largest pension found administrator on the market.
In 2009 Generali Pension Funds entered on the third pillar pension market (facultative pension system), too.
Company products
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Life insurance
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Accident insurance, other than life
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Motor insurance
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Marine and transport insurance
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Aviation insurance
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Fire and other property insurance
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General public liability insurance
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Credit and guarantee insurance
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Financial loss from insured risks
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Agricultural insurance
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Third party liability motor insurance
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Reinsurance
Mission
Valuing stability, tradition and professionalism – our mission is to become reference point on the Romanian insurance market, as a client orientated organization, focused on offering efficient and accessible insurance services to our clients, in an assuring and friendly environment, by responding to future’s challenges with advanced technological and managerial solutions.
Our values
- Innovation and breaking new grounds
- Client focus
- Responsibility
- Flexibility
- Integrity
- Professionalism
- Transparency
Objectives
- Consolidate our position as an efficient and profitable insurer, both on retail business line and corporate business line.
- To be a profitable insurer with 10% market share by 2012.
