NN registers gains on life insurance premiums in Romania and growing assets on pensions arm on nine months

Newsroom 18/11/2016 | 11:19

NN Asigurari closed the first nine months of the year with assets worth RON 14.9 billion in Romania, out of which RON 11 billion on pillar II of mandatory pensions, says the data published on Thursday by the company.

NN had assets worth RON 3.2 billion on life insurances segment at the end of September, RON 783.2 million on pillar II of facultative pensions and RON 11 billion on pillar II of mandatory pensions, says News.ro.

„The savings plans were the most searched insurance products this year, amounting together with the health product more than 40 percent of the business. At the same time, the facultative pensions had a growth of almost 25 percent of the assets and 8.6 percent of the participants number and 42 percent of the employees who started saving volunteerly for pension in the first nine months of this year chose one of the two funds administered by NN, ” said the general director of NN Life Insurances, Marius Popescu.

On the life insurances segment, NN increased the assets administered in Romania by 8.5 percent in the last year, to RON 3.2 billion at the end of September.

The company registered subscribed gross premiums of RON 481 million of life insurances in the first nine months of this year, a growth by 4.4 percent compared with the same level of 2015.

„The average gross premium of insurance for the contracts closed during January-September is RON 1,809, by 2.4 percent higher than the level from 2015 of RON 1,766, “said NN.

On the facultative pensions, pillar III, the assets of NN grew by 25 percent during September 2015-September 2016, to RON 728.2 million.

„NN Pensions administrates net assets valued at RON 11 billion, shows the data at the end of September, a growth by 28.6 percent compared with the level from the similar period of the last year, equivalent with a market share of assets of 36.7 percent, ” says the company.

Georgiana Bendre

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