Spanish insurer Atradius enters Romanian market by opening Bucharest office

Amsterdam-based trade credit insurance, surety and collections services company Atradius has entered the Romanian market. From its Romanian headquarters in Bucharest’s SkyTower, the commercial credit insurance company provides with commercial credit insurance its customers and business partners across the country, says Business-Review.eu.

Worldwide, Atradius ranks second in the list of companies providing this type of insurance, protecting companies against losses stemming from non-payment of commercial debt.

“Curently, Romania is one of the most interesting developing markets in Europe and has a high potential,” Andreas Tesch, Atradius Chief Market Officer said. “In this context, the strengthening of our position on this market represents a firm step within our strategy for global expansion,” he explained. Currently, Romania’s insurance market is valued at approximately EUR 24 million, and the latest average growth rate was of 10 percent per year.

 

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