The company had a market share of 4.9% in 2020, making it the sixth largest life insurer in Romania, up from the seventh position the previous year.
The company said growth in its gross written premiums was driven by higher interest for health insurance products. It said its oncology-related insurance sales tripled and insurance giving access to medical second-opinion services grew 43% compared with 2019.
“Romanians became more interested in their health in 2020 and this showed in our sales,” said Sinziana Maioreanu, CEO of Aegon Romania.
The life insurance market in Romania grew 1.1% in 2020, to gross underwritings of RON2.7 billion.