AIG Life cashes 14.8m euros
Insurer AIG Life cashed premiums worth 556.5bn ROL ($16.7m or 14.8m euros) last year, up more than 60% from 2002. The growth in euros accounted for 41%. "We exceeded our target to reach a portfolio of 140,000 policies by the end of 2003," Theodor Alexandrescu, marketing and sales director of the company, said
Insurer AIG Life cashed premiums worth 556.5bn ROL ($16.7m or 14.8m euros) last year, up more than 60% from 2002. The growth in euros accounted for 41%. “We exceeded our target to reach a portfolio of 140,000 policies by the end of 2003,” Theodor Alexandrescu, marketing and sales director of the company, said. At the end of 2002, the company had sold 96,000 policies. The average period for the insurance contracts closed by the company amounts to some 20 years. ZF
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