In 2009, the insurer signed 128,117 policies, including 1,301 contracts for which the investment risk exposure is transferred to the client. Last year, the insurer sold 3,972 such contracts.
At the end of 2010, Aviva Asigurari de Viata’s share capital was RON193.11 million, up from RON165.62 million the year before, controlled by Aviva International Holding Limited (United Kingdom) – 99.9999% and Aviva Aviva Training&Services SRL – 0.0001%.
Last year, the company’s stakeholders decided to lower the share capital by RON83.3 million, to RON109.8 million, by reducing the number of shares.
The insurer paid damages worth RON9.53 million in 2010, a level similar to that of 2009, according to the report. The company had 22 local branches and 592 sales consultants, compared to 658 in 2009.
Aviva Asigurari de Viata is part of the Aviva British financial group. The group entered the Romanian market in 2000 and also controls Aviva Fond de Pensii, which operates on the mandatory private pension funds segment.
The life insurance market grew by 2.3% in 2010, to RON1.67 billion. Aviva Asigurari de Viata’s market share shrunk to 5.34% from 6.26% in 2009. (EUR1=RON4.256)