ROMANIA: OMNIASIG VIG to insure TAROM's fleet

OMNIASIG Vienna Insurance Group, one of the largest non-life insurers in Romania, won for the second year in a row the largest aviation insurance account in the country, by providing CASCO and TPL coverage for TAROM airline's fleet.

TAROM operates a fleet of 25 aircrafts, of which nine ATR aircrafts, four Airbus A318 and twelve Boeing 737.

The Casco All Risks policy (including spare parts and equipment) and the third party liability policy enter both into force on December 1st 2019, and are valid for 12 months, until November 30th 2020. The insurer will collect about USD 2 million, sources from the local financial press have said.

OMNIASIG insured the TAROM fleet between 2004 and 2005. Before, the account was managed by ASTRA Asigurari between 2007 and 2014, and by GOTHAER Romania (2015), which collected about RON 6.9 million.

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