Aviva registers 21 percent increase in assets compared to 2009

Newsroom 12/10/2010 | 15:21

After 10 years of activity in Romania, Aviva has announced that it has so far invested RON 243 million in the local market, with a RON 30 million increase in social capital for this year. As company officials stated, Aviva presently administers in Romania assets worth RON 600 million, 21.4 percent increase compared to last year.

Aviva has entered the private pensions market in 2007, currently administering the pensions of 375,000 Romanians. The company’s life insurance services address 50,000 clients. The Capital Garantat (Guaranteed Capital) investment, part of the Unit Linked insurance plans, has reached a 10.6 percent growth in the last 12 months and an annualized return of 16 percent since its launch, in 2000.

“The insurance market has grown constantly compared to the year 2000 and, yet, the true potential is far from being reached. In spite of the economic crisis that we are going through, or because of it, people have understood that it is time they did something for their financial future, so that nobody else does it for them”, stated Mihai Popescu, CEO Aviva Romania (in picture).

The CEO has also added that the company’s current priorities are business development, as well as organic growth. Aviva’s most important investments now consist in infrastructure, technology and direct sales force.

Aviva ranks fourth in the local insurance market with gross premiums worth RON 101 million in 2009, a 5 percent decrease compared to 2008. The insurance market has dropped by 13 percent in 2009, of which Aviva holds a market share of 6.3 percent.

 

Corina Dumitrescu

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue