Garanta Asigurari

What Garanta Asigurari does

Garanta Asigurari SA is a Romanian insurance company incorporated as a joint stock company (Societate pe Actiuni) and licensed by the Financial Supervisory Authority under Insurers Registry code RA-020 (Decision no. 27/2001). Founded in October 1997 originally under the ownership of Greek Ethniki Insurance, the company has operated for 27 years across life insurance, motor (CASCO), property, casualty/liability, travel health, and specialized commercial lines such as CMR/cargo, contractors' all-risk, electronic equipment, and medical malpractice. Since end-2025 it has been a 99.60187%-owned subsidiary of the German Signal IDUNA Group, following an acquisition process initiated in 2024.

Name

Garanta Asigurari

Legal name

Garanta Asigurari SA

Website

https://garanta.ro

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Garanta Asigurari SA is a Bucharest-based Romanian insurance company offering life, motor (CASCO), property, liability, travel health, and specialty commercial coverage to individuals and businesses, distributed via 8 branches and 4 bancassurance partners, and now majority-owned by Germany's Signal IDUNA Group.

Ownership category

akta.pro rank

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Life Insurance Premiums: Recurring premiums from life insurance products including term life, whole life, endowment, and group life policies. Premiums can be paid annually, semi-annually, quarterly, or monthly.
2. Motor Insurance Premiums (CASCO): One-time and recurring premiums from motor vehicle insurance policies covering collision, theft, fire, natural disasters, and other risks for both individual and corporate vehicle fleets.
3. Property Insurance Premiums: Premiums from property insurance covering buildings, assets, goods in transit, electronic equipment, and construction/machinery insurance for businesses.
4. Liability Insurance Premiums: Premiums from third-party liability, professional liability (malpractice), employers liability, and other liability coverage products.
5. Travel Health Insurance Premiums: Short-term travel insurance premiums for medical coverage abroad with packages ranging from Basic to Premium.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Garanta Asigurari is a licensed Romanian insurer offering a comprehensive portfolio of life and non-life insurance products for individuals and businesses. Personal lines include life insurance (Garanta Essential, term, whole life, endowment, junior, Garanta Capital packages), CASCO motor insurance (Gold, Novus, Electric), household, travel health (Garanta Explorer), personal accident, and personal liability cover. Business lines include group life, motor fleet CASCO, malpraxis, property, CMR/cargo, electronic equipment, contractors' all-risk, machinery, and third-party liability. Products are distributed via 8 regional branches, bancassurance partners, and a tied agent network.

Product overview

Garanta Asigurari is a Romanian insurance company offering a comprehensive portfolio of insurance products for both individuals and businesses. The product portfolio consists of life insurance products (including term, endowment, whole life, and children's insurance), personal insurance (accidents, travel health, third-party liability, household), and motor insurance (CASCO variants including Electric, Gold, and Novus). For businesses, the company provides group life, motor fleet, property, construction, cargo, CMR, electronic equipment, and liability insurance products. The company was acquired by German Group SIGNAL IDUNA at the end of 2025. Products are distributed through bancassurance partners, insurance agents, and direct sales channels.

Differentiator

Problem solved

Functional benefit

Brands

• GARANTA CAPITAL: Life insurance packages offering financial protection and savings with multiple coverage options
• Garanta Essential
• Garanta Explorer
• ACCIDENT PROTECT

Products and services

• Garanta Essential Life Insurance

Quantifiable outcome

• Claims settlement within 30 days for life insurance upon complete documentation submission
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core and supporting.

• Mapfre RecoreTechnology or IntegrationLeading Spanish reinsurance company providing risk transfer capacity and financial stability support to Garanta Asigurari's insurance operations.
• Scor SEcoreTechnology or IntegrationFrench global reinsurer providing risk transfer and reinsurance capacity as part of Garanta's reinsurance program.
• Swiss RecoreTechnology or IntegrationSwiss global reinsurance company participating in Garanta's reinsurance program for risk diversification.
• Hannover RecoreTechnology or IntegrationGerman reinsurance company providing proportional and non-proportional reinsurance capacity.
• Korean ResupportingTechnology or IntegrationSouth Korean reinsurer participating in Garanta's international reinsurance panel.
• Polish ResupportingTechnology or IntegrationPolish reinsurance company providing regional risk diversification.
• VIG ResupportingTechnology or IntegrationCzech reinsurance company part of Vienna Insurance Group, providing Central European risk capacity.
• Triglav ResupportingTechnology or IntegrationSlovenian reinsurer providing Balkan regional risk coverage.
• Arundo ResupportingTechnology or IntegrationFrench reinsurance intermediary providing access to international reinsurance markets.
• Inter Partner AssistancesupportingTechnology or IntegrationBelgian assistance company providing international assistance services.
• Gen RecoreTechnology or IntegrationGerman global reinsurer (Munich Re subsidiary) providing underwriting capacity and risk expertise.
• EthnikisupportingTechnology or IntegrationGreek insurance company (National Insurance) providing additional reinsurance support within Ethniki Group.
• UniCredit Bank SAcoreChannel Partner/ Reseller/ DistributorMajor Romanian bank serving as bancassurance distribution channel for Garanta insurance products. After Alpha Bank takeover by UniCredit (Aug 2025), accounts migrated to UniCredit. RAJ Code 501328, registration date 12.08.2025, coordinator Cristofor Corina.
• Eximbank (EximBank Romana)coreChannel Partner/ Reseller/ DistributorRomanian export-import bank offering Garanta insurance products through its branch network. RAJ Code 540860, affiliated agent since 27.01.2012, coordinator Diaconu Petre Valentin.
• Libra Internet BanksupportingChannel Partner/ Reseller/ DistributorRomanian digital bank providing Garanta insurance distribution. RAJ Code 500500, coordinator Dobrota Diana. Registration date 22.05.2025.
• Banca Comerciala Intesa Sanpaolo RomaniasupportingChannel Partner/ Reseller/ DistributorItalian banking group subsidiary distributing Garanta insurance products. RAJ Code 524453, registration date 28.12.2015, coordinator Tanase Victoria Elena.
• CORIS Assistance SRLsupportingTechnology or IntegrationRomanian assistance company providing 24/7 emergency hotline for travel insurance claims at +40-317.30.99.53. Handles emergency medical assistance, transport coordination, and repatriation services for Garanta Explorer travel insurance policyholders.
• Natural Disaster Insurance Pool (PAID Romania)coreStrategic or Co-development PartnerGaranta Asigurari is authorized to issue insurance policies against disasters (PAD) in the name of the Natural Disaster Insurance Pool (PAID), mandatory natural disaster coverage for Romanian property owners.
• Romanian Insurers Bureau (BAAR)coreStrategic or Co-development PartnerGaranta represents 100 external partners through management of Green Card files, authorized by the Romanian Insurers Bureau. Handles international motor insurance certificates and cross-border claims settlement.
• UNSAR (National Association of Insurance and Reinsurance Companies)supportingStrategic or Co-development PartnerGaranta is an active member of the National Association of the Insurance and Reinsurance Companies in Romania (UNSAR), committed to developing the specific market and improving conditions for the benefit of Romanian society.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Allianz-Tiriac Asigurari: Joint venture between Allianz and Tiriac, one of the largest multi-line insurers in Romania serving both individuals and businesses with life, motor, property and liability products. Most direct comparable to Garanta given overlapping product breadth, similar bancassurance and agent distribution, and identical regulatory framework under ASF.
• UNIQA Asigurari Romania: Austrian-owned UNIQA's Romanian carrier offering multi-line life and non-life products distributed via agents, brokers and bancassurance. Highly comparable mid-tier multi-line peer with similar product set and distribution mix.
• Generali Romania: Romanian subsidiary of Generali Group offering life, motor, property and group benefits products through brokers, agents and bank partners. Direct peer on mix of life and P&C underwriting, bancassurance channels and B2B group benefits.
• Groupama Asigurari: French-owned multi-line insurer in Romania offering life, motor CASCO, property, agricultural and personal accident products through branch and agency networks. Direct comp on product portfolio, target segments (B2C plus farming/business) and regulated carrier status.
• Omniasig VIG: Sister carrier to Asirom under Vienna Insurance Group, with stronger weight in P&C lines (motor, property, liability) and corporate clients. Direct comp on P&C underwriting, motor CASCO product set and B2B distribution.
• NN Asigurari de Viata: Leading life insurance player in Romania (formerly ING Life), offering term, whole life, unit-linked and group life through bancassurance and broker channels. Closest direct comp to Garanta's life insurance block, particularly the group life and bancassurance-led distribution.
• Asirom VIG: Part of Vienna Insurance Group, one of the longest-established Romanian multi-line insurers underwriting life, motor, property and liability risks for individuals and corporates. Directly comparable on regulated ASF carrier model, multi-product breadth and corporate client focus.

Broad incumbents

• Vienna Insurance Group (VIG): Central European multi-line insurance group owning Asirom and Omniasig in Romania, among the largest foreign-controlled insurance platforms in CEE. Relevant as a broader incumbent whose Romanian subsidiaries compete head-to-head with Garanta across all major lines.
• Allianz SE (Romania subsidiary): Global insurance major with Romanian operations through Allianz-Tiriac, providing capital, reinsurance breadth and product capability well beyond what a mid-tier carrier like Garanta can deploy domestically. Useful as an upper-bound reference point on competitive scale.

Others

• ERGO Hestia (Signal IDUNA group): Signal IDUNA's European insurance subsidiaries operating multi-line life and P&C products across Germany, Poland and the Baltics. Comparable as a sister entity within the new Signal IDUNA Group, with shared parent governance and potential cross-sell of group capabilities into the Romanian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GarantaAsigurari
• LinkedInlinkedin.com/company/garanta-asigur%C4%83ri

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Garanta Asigurari