In January-September 2014, the insurer underwrote gross premiums of RON85 million.
“The strategic partnership with Banca Comerciala Romana was decisive in regaining the second position on the market, with a market share of 14.2%. The growth potential remains an important one due to a favorable context thanks to macroeconomic conditions, the interest of new segments of clients in protection and the development of new distribution channels,” Sorin Mititelu, company board chairman, said.
In the same period, the insurer’s operating costs rose 12%.
BCR Asigurari de Viata has a portfolio of over 400,000 clients.
VIG is the largest insurance group in Romania where it controls insurers Omniasig, Asirom and BCR Asigurari de Viata.
Austria’s Vienna Insurance Group registered underwritten gross premiums of EUR300.6 million in Romania in the first nine months of 2015, up 23.3% from EUR243.8 million in the year-earlier period.