The insurer estimates underwritings of RON100 million for the full year.
“The life insurance market continues to grow but at a slow pace, as Romanians are more interested in insuring their goods rather than in life or health insurance,” said Sinziana Maioreanu, CEO of Aegon Romania.
The company estimates the local life insurance market grew approximately 8% on the year in the first half.
Aegon entered the Romanian market in 2007 with its private pension fund division and in started operations on the life insurance market in 2008. Aegon Romania currently has over 910,000 clients and 130 employees.
In 2018 it reported underwritings of RON96 million, up 22% compared with 2017. Aegon sells its products mainly via bancassurance, particularly in units of Banca Transilvania and Alpha Bank.