UNIQA Asigurări paid highest claim on Romanian travel insurance market in 2023

Business Forum
UNIQA Asigurări paid out the largest indemnity in the Romanian travel insurance market in 2023, awarding a compensation indemnity of €45,000 to cover medical expenses abroad. This significant indemnity underlines UNIQA's commitment to be a reliable partner for customers in difficult times and the importance of travel insurance in unforeseen situations.

The record compensation of €45,000 (over RON 220,000) was awarded to an insured who had a UNIQA travel insurance policy. During a visit to Los Angeles, USA, he was in urgent need of medical assistance and received an emergency consultation, comprehensive tests, medication and a computed tomography (CT) scan. Thanks to the policy purchased before leaving the country, the insured received a reduction in medical expenses and the costs were covered by UNIQA Assurances, through its assistance services partner, by direct settlement to the medical facility, without any financial involvement of the insured.

"Although the medical intervention was not complicated, the costs of medical services in the United States, especially emergency medical services, are very high, justifying the amount of compensation. Travel insurance from UNIQA Insurance provides essential financial protection in the event of such events, where unexpected costs can reach high levels and have a significant impact on the family budget. Therefore, insurance becomes crucial to travel worry-free," said Razvan Neagu, Director Customer Care, UNIQA.

The travel insurance offered by UNIQA Asigurări is essential for any traveler, offering complete protection while traveling abroad. The benefits of taking out such a policy include 24/7 telephone assistance and cover for emergency medical services, including dental treatment. In case of flight delays or delayed luggage, UNIQA travel insurance provides compensation, and in case of lost luggage, customers receive a cash sum to purchase the necessary luggage. In case of death, travel insurance also covers repatriation costs.

Over 1,300 claims in 2023

UNIQA's travel insurance policies have become increasingly popular among Romanians in recent years, thanks to the benefits offered and the ease of online purchase through the ANA digital consultant or the MyUNIQA digital platform.

In total, in 2023, UNIQA recorded more than 1,300 travel insurance claims, and the main risks indemnified were related to sickness, accidents and trip cancellations.

In 2024 between January and July, UNIQA recorded 564 damage claims in the travel insurance segment. The three largest claims paid out in the first seven months of the year amounted to RON 189,710 (€38,100), RON 93,219 (€18,750) and RON 48,873 (€9,800) respectively.

UNIQA has a 15-year history in the Romanian insurance market and benefits from over 200 years of international experience as part of a financial group with a strong European presence. The company's strategy places customers at the center and prioritizes knowing their needs and generating products and services for everyday life. Through its business model, the company takes into account the specificities of the Retail, Bancassurance and Corporate & Affinity segments, offering relevant, affordable and innovative insurance solutions at high standards. Moreover, sustainability is an important component of UNIQA's strategy, so the organization focuses on actions that generate a positive impact with the aim of contributing to a better life together with customers, partners and the community.

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Business Forum  |  3 December, 2024 at 1:42 PM