Maioreanu also said the company focused in 2019 on increasing the number of users of the online platform. Thus, the company ended 2019 with 80% more users than in 2018. Maioreanu added the company also focused on developing the sales channel through brokers, by extending its dedicated internal team, by intensifying the promotion of products sold via this channel, and by consolidating the relations with the representatives of large market players.
Nevertheless, the Romanian insurance market is going through a period of growth, with increases of over 8% in 2019 versus 2018. “Our figures show the volume of underwritten premiums reached nearly RON8.13 billion in 2019, almost 9% higher than in 2018. The life insurance segment also saw an upward trend, seeing an increase of 4.8%.”
Aegon’s portfolio is 68% made up of life insurance with savings, 18% of health insurance, 5% of unit-linked insurance and the remaining 10% represents other types of traditional insurance products.
Aegon says the brokers it works with include, among others, Campion Broker, Safety Broker, Inter Broker, Millenium Broker and Transilvania Broker.
Aegon Romania reported underwritten gross premiums of RON96 million end-2018, 22% more than in 2017.