Of total underwritings in the first quarter, 91% were life insurance, annuities and additional life insurance policies, the company said in a statement Tuesday.
According to the latest report of Romania’s financial authority, the local life insurance market is on a growing trend, with 40% growth in underwritings in the first quarter of 2017.
Dutch insurance group Aegon opened its Romanian subsidiary at the beginning of 2008. Aegon Romania has approximately 872,000 clients and 100 employees.