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Certasig - Societate De Asigurare Si Reasigurare SA (Romania)

Main Activities: Insurance Carriers | Direct Health and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Certasig - Societate De Asigurare Si Reasigurare SA Profile Updated: July 01, 2021
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Certasig - Societate De Asigurare Si Reasigurare SA was founded in 2003 following a merger between the former company FORTUNA SA Baia Mare, and the former Romanian- Canadian Insurance Company AROCA SA Bucharest. In the mid of 2006, the majority stake was bought by a group of Spanish businessmen, that increased the joint stock of the company. For the end of 2007, the shareholders decided the admittance of the Swiss Group Royalton Partners among the shareholders by selling to the Swiss group 95% stake. Certasig operates on internal and external markets having subsidiaries in Constanta, Cluj and Bulgaria - Sofia and regional representatives in Suceava, Ploiesti and Ramnicu Valcea. The company is also member of National Association of Insurance and Reinsurance Companies in Romania and is a shareholder in The Insurance Pool against Natural Disasters (PAID).

Headquarters
Strada Nicolae Caramfil Nr. 61B
Bucharest; Bucharest;

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Website: http://www.certasig.ro

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
July 11, 2003
Key Executives
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Director
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Director
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Special administrator
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Liquidator
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Empowered representative
Ownership Details
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99.4167%
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0.4606%
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0.1227%
Subsidiaries
Pool - Ul De Asigurare Impotriva Dezastrelor Naturale SA
5.5%
S.S.I.F. Vienna Investment Trust SA
0.62%
Company Performance
Financial values in the chart are available after Certasig - Societate De Asigurare Si Reasigurare SA report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RON. Absolute financial data is included in the purchased report.
Net insurance premium revenue
2.24%
Operating profit (EBIT)
31.43%
Net Profit (Loss) for the Period
31.43%
Total assets
-25.66%
Investments
-99.98%
Receivables
-37.68%
Total equity
-69.73%
Net Premiums Earned Trend
-105.99%
Net Profit Trend
-13.35%
Return on Equity (ROE)
-60.61%
Loss Ratio
42.37%
Underwriting Expenses Ratio
-27.74%

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