The company expects to secure all required authorizations in the fall of 2020.
NN Romania plans to open a new business line to offer general insurance, other than vehicle insurance. The company is set to announce more detailed plans upon launch later this year.
The group’s NN Pensii is the largest private pension fund administrator on Romania’s mandatory segment (Pillar II). Its Pillar II pension fund had assets of RON22.5 billion (26.8% market share) and around 2 million participants at the end of 2019, according to financial regulator data.