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Coface Romania reports 700,000 euros from commercial loan insurance in 5 months

Coface Romania reported in the first five months of the year gross subscribed premiums worth 700,000 euros from commercial loan insurance, almost as in the whole 2007, said on Tuesday in a seminar on the management of loan risk, the company's insurance director Eugen Anicescu.

The company concluded 20 commercial loan insurance contracts over January-May and plans to reach by the end of the year gross subscribed premiums worth 2.5 million euros by the end of the year. ‘'Coface's goal is to become leader on the commercial loan insurance market by the end of next year,'' said Anicescu at the seminar called Solutions for the management of loan risk,'' organized together with PriceWaterhouseCoopers under partnership with btl. group of companies. The Romanian branch of the French company Coface ended last year 23 contracts of risk insurance contracts with gross subscribed premiums of 750,000 euros,. Coface having an exposure of 140 million euros for commercial loans insurance. The entire exposure of Coface Romania late last year was of three billion euros. Coface Romnaia estimates a turnover worth 6.5 million euros this year, more than double as against the turnover reported one year ago, due to the intensification of the activity in the field of commercial loan insurance. Sursa: http://www.rompress.ro

Tags: insurance commercial euros coface romania

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