Aviva sees 4.1m-euro business

Aviva Asigurari de Viata (Aviva Life Insurance) saw business worth over 4.1 million euros (14.6 million RON) in the first three months of the year, a 46% growth against the similar period of 2005. The British group Aviva, which Aviva Romania is part of, reported a 26% sales increase against the first three months of last year, to 7.9 billion pounds sterling (some 11.6 billion euros). Gross underwritten premiums registered by Aviva Life Insurance

last year stood at a total 13.5 million euros

(some 49 million RON). In 2005, Aviva ranked eighth amongst life insurance companies on a market that is valued at 290 million euros. Aviva manages 13 investment programmes related to unit-linked insurance policies. The programmes are denominated in RON, euros and dollars. The value of the company assets reached 29.4 million euros (104.9 million RON) at the end of March, against the 17 million euros (almost 63 million RON) at the end of the firs quarter of 2005. Aviva is the second largest company on the market of unit-linked insurance in terms of assets. Other companies operating on this market are Allianz-Tiriac, ING Asigurari de Viata and Interamerican. ZF