AIG Life tackles insurance for SMEs

AIG Life, the second largest company on the insurance market, will tap into the employee benefits segment for small and medium-sized enterprises this year, with the company set to develop a separate distribution network for such products. Employee benefits can include life insurance, health insurance and private pensions. “I think the market of employee benefits for small and medium-sized companies with 60-70 employees will see a significant increase in the near future. We will develop a network of consultants in Bucharest, Constanta, Timisoara, Brasov and Cluj, who will exclusively sell employee benefits for SMEs,” Theodor Alexandrescu, general manager of AIG Life, told ZF. Currently, most large companies offer such benefits to their employees, but this practice is weakly developed for small and medium-sized companies. “We now have 260 companies that are buying insurance products for their employees from us, many of whom are multinationals, but we also want to enter the segment of small and medium-sized companies with Romanian shareholders,” says Alexandrescu.