Whereas in September last year the company announced plans to open 100 agencies and to attract 2,000 sales consultants, now the target is 50 agencies by December 2012 and “another 5-6 in 2013.”
AXA Asigurari, part of French group Axa, had gross written premiums of EUR3.5 million in the first six months of this year, up 39% on the similar period of 2011.
The Romanian life insurance market was flat on the year at EUR200 million in the first six months.
For this year, AXA Asigurari expects gross subscribed premiums of EUR10 million to EUR11 million, from EUR7 million in 2011. Last year, the company posted a loss of EUR9 million.
The company has around 650 consultants and plans to reach 800 by December 2012, and over 1,000 in 2013. The 2013 budget is in the works at present.
What she expects from the new head of the supervisory commission
“I expect him to stabilize the competitive environment, support and take measures to encourage real and free competition for any type of insurance,” says Violeta Ciurel, who has almost 20 years’ experience in insurance.
Daniel Tudor, the new head of the insurance supervisory commission (CSA), was appointed last week in a blitz move by Romania’s new ruling coalition.
(English version by Daniela Stoican)