The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate clients, and the signing of the acquisition agreement for Garanta Asigurări – currently under review and approval by the Financial Supervisory Authority (ASF).
Strong performance across both business lines:
The Life and Health Insurance company closed the year with gross written premiums of over RON 315.6 million, up 15% compared to 2023.
The General Insurance company recorded a 17% increase, exceeding RON 108.6 million in gross written premiums.
SIGNAL IDUNA’s current portfolio includes health, life, and general insurance products, accessible to both individuals and companies across all industries. This diversity supports SIGNAL IDUNA’s goal of becoming a long-term partner and a comprehensive, flexible, and relevant provider that understands and efficiently responds to the increasingly complex needs of the market.
“The 2024 results reflect a clear strategic direction built on real market insights: we chose to invest where individual and corporate clients needed practical solutions to address immediate needs. Whether through portfolio expansion, product flexibility, or accelerating digitalization, each decision was guided by one clear goal: relevance and accessibility. Step by step, we are building a strong position as a provider of integrated solutions, capable of delivering clear and effective responses to increasingly varied needs, in an economic environment where generic solutions are no longer sufficient.”
– Tiberiu Maier, Chairman of the Management Board of SIGNAL IDUNA ASIGURARE REASIGURARE and Chairman of the Board of SIGNAL IDUNA ASIGURĂRI.
2024 marked the continuation of the company’s repositioning in the insurance market, with outstanding results across all business lines.
Corporate insurance recorded the highest growth within the SIGNAL IDUNA companies’ portfolio in 2024.
The health insurance segment dedicated to employees – an area in which SIGNAL IDUNA holds a leading position – grew by 8%, reconfirming the sustained interest of companies in benefits that offer unfiltered, fast access to private medical services across Romania. This is a key advantage that continues to make a difference for employees. SIGNAL IDUNA responded to this demand with more flexible solutions, introducing a co-payment option that allows companies to tailor insurance plans to their budgets and team profiles, while maintaining a high level of coverage for employees.
The company also expanded its wellbeing services, adding options such as psychological counseling, nutrition, and parenting support, all easily accessible through the Signal Care Assistant app. This integrated approach was complemented by the relaunch of the Life and Accident Insurance product for companies – a solution that complements health insurance and is increasingly chosen as an additional layer of protection and employee retention in today’s competitive professional landscape.
There was also growing interest among both large companies and SMEs in general insurance solutions – particularly for property and asset insurance (up 22%), general liability (13%), and professional liability for legal entities (23%). These trends reflect a maturing market and a heightened focus within the business environment on operational continuity, predictability, and responsible risk management.
The individual clients segment also saw significant positive growth in 2024.
Home and property insurance increased by 13%, driven by a better understanding of the protection insurance can provide. More and more clients are choosing to protect their properties and belongings, becoming increasingly aware of potential risks.
Unit-linked life insurance policies recorded a 44% increase, reflecting growing interest in solutions that combine insurance protection with long-term saving and investment opportunities. This evolution signals a gradual maturation of financial behavior, with planning becoming more relevant.
A notable increase was also seen in the individual health insurance segment, where the number of hospitalization and cancer insurance contracts grew by 46% compared to the previous year – showing a growing interest in this type of protection.
CASCO (comprehensive auto insurance) policies rose by 37%, following a strategic repositioning of the product in the Romanian market that attracted a larger client base.
These results confirm the effectiveness of the strategies adopted by SIGNAL IDUNA in Romania, grounded in a solid vision focused on developing a diversified portfolio aligned with current consumer needs and expectations.
The information provided by KomuniK
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