Aviva Romania reports 12 percent decrease in subscribed gross premiums in 2010

Due to the decrease in the bancassurance segment and the reduction in the population’s availability to engage in long-term financial plans during the financial crisis, the local branch of Aviva insurance group has reported a 12 percent decrease in subscribed gross premiums. However, paybacks have suffered a descending tendency in the second part of the year, added Mihai Popescu (in picture), general manager of Aviva Group Romania.

Damages of over EUR 2 million were paid in 2010, a 56 percent increase compared to the previous year, which occurred on account of fulfillment of obligations assumed for workplace loss coverage obligations, in the context of unemployment rate deterioration.

On what concerns, private pensions (the second pillar), the number of participants has increased by seven percent, reaching nearly 400,000 and administration funds have grown by 80 percent, reaching RON 284.4 million. “Throughout last year, the tendency for reduction of empty bank accounts has maintained, but the occurrence of irregular payment has maintained due to the unfavorable economical context”, concluded Popescu.

Corina Dumitrescu

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