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SOCIETATEA DE ASIGURARE-REASIGURARE CITY INSURANCE SA

Ranking

By reported financial results

1
Position 1  in top
BANKING AND FINANCE • Insurance • General insurance companies

Presentation

S.A. - R. City Insurance is a 100% Romanian non-life insurance company. With an experience of 17 years in the field, City Insurance offers its clients a large variety of flexible and competitive insurance policies. The company’s products are tailored and customized to satisfy the insurance needs of its existing and prospective clients. Thus, the company offers insurance products both to natural and legal persons. City Insurance is a company that establishes long-term relationships with its partners and clients. Trust and performance are the words that best describe us. That is why the company demonstrates transparency, stability, coherence and attention oriented exclusively toward the insured person. S.A. - R. City Insurance was established in 1998. The company was founded by a group of Romanian investors, comprised of natural and legal persons. Once Romania joined the European Union, the company extended its activity beyond national borders. In 2008, City Insurance became the first insurance company in Romania to develop its activity in E.U. member states and sell specific products internationally, based on the principle of free movement for Community goods and services. In 2009, City Insurance adopted a new strategy: it developed its product portfolio and expanded in order to target neighboring segments of the insurance market. As part of the same strategy, in autumn 2009, S.A. - R. City Insurance participated at the establishment of the Natural Disaster Insurance Pool - PAID. The company considered the project of mandatory home insurance to be important and consequently became a shareholder of PAID. Thus, the company is motivated to develop, in parallel, competitive voluntary home insurance products. These products complement the mandatory policy that covers three major risks: earthquake, floods and landslides. Since the end 2009, City Insurance is authorized to sell mandatory motor third party liability policies - MTPL. Thus, since 2010, the company offers its clients a complete range of insurance products and services. Due to the growing importance of the Internet, in 2011 the company launched the CitySmart.ro website. It is an online sales system for specialized insurance products and it targets both the business and private sectors. The careful administration of its own resources, the coherent management, the compliance with market indicators and the constant care for clients’ needs made City Insurance rapidly follow an ascending path. The company’s performances were recognized through its inclusion in the Top 10 Romanian Insurance Companies in 2012.

General info

Fiscal Identification Code: 10392742

Registry of Commerce Number: J40/3150/1998

NACE: (6512) Non-life insurance

Contact

  • Address: Strada Constantin Aricescu, Nr: 5-7 Parter-Demisol, SECTOR 1, BUCURESTI
  • Phone: +40212310090
  • Fax: +40212310442
  • E-mail: office@cityinsurance.ro
  • Website: https://www.cityinsurance.ro

Latest financial results

2017
TURNOVER: 2,087,776,319 RON
PROFIT/LOSS: 17,062,454 RON
NO. OF EMPLOYEES: 304
2016
TURNOVER: 1,206,348,583 RON
PROFIT/LOSS: -33,928,880 RON
NO. OF EMPLOYEES: 269
2015
TURNOVER: 798,630,184 RON
PROFIT/LOSS: -5,074,508 RON
NO. OF EMPLOYEES: 270

News

 The Financial Supervision Authority opens the financial recovery procedure based on the Company's plan of Insurance - Reinsurance City Insurance SA

By Decision no. 901 / 18.04.2016, the FSA ordered the opening of the the…

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