Insurance & Reinsurance

S.C. Asigurarea Romaneasca - ASIROM S.A was founded 1st January 1991 and is a leading insurance company in the Romanian market.

By focusing on client needs ASIROM has continuously adapted to the development trends of the Romanian insurance market placing itself among the top Romanian insurers.

For example, in the Motor insurance market (RCA), ASIROM underwrote in 2003 approximately 1,7 million insurance policies, with a collective premium value of the approximately Euro 37 million.

Service to ASIROM's clients is paramount and all contractual obligations are honoured promptly.

ASIROM's growth has always been from the foundation of financial stability and the employment of a dedicated and professional management team, placing great emphasis on the training of its personnel located in the network of branches, agencies and representative firms in over 200 towns in Romania. These trained professionals offer in excess of 80 different insurance products to meet the demands of an increasingly competitive market place.

The Managerial team, headed by a new General Manager are constantly adapting and developing the range of products within its portfolio. In 2004 several new products were launched e.g. CREDIT PLUS (Hard Currency Credit Insurance), AROTRANS (personal holiday/travellers insurance), professional indemnity liability insurance for a range of professions, and Employer's Liability Insurance to name but a few.

Through overseas reinsurance agreements, ASIROM in association with market leading companies from Germany, France, Great Britain, Switzerland, provides international security and added protection to its clients.

ASIROM's participation in the leasing market has resulted in the establishment of a specialised company, ASIROM Leasing, whose primary focus is on financial leasing.

S.C. Asigurarea Româneasca - ASIROM S.A. investment portfolio includes a resort hotel, The Carmen Hotel situated in Venus on the Black Sea coast. The Hotel provides world-class accommodation and facilities including 99 rooms, conference facilities and a well-equipped health centre and spa.

The Hotel, having been opened in 2002, received the prestigious 2003 award "Prize for Tourism Investment".

Also, in downtown Bucharest, ASIROM owns the A.Ro.Club: a centre providing quality restaurant, bar, terrace, and pastry shop available in modern and luxurious surroundings. Other facilities at the complex include a beauty salon, fitness and aerobics center, sauna and massage. The first class services available at this venue are ideal for both business and leisure use.

The prestige of ASIROM's historical recognition, together with financial power and creative ability will serve to enhance ASIROM's position within the ever-developing insurance industry of Romania.