Aviva boasts 45% growth

Insurer Aviva Romania saw revenues from underwritten premiums climb to 167bn ROL in nine months this year, up 45% from the year-ago interval. Company officials claim the results posted by the end of September are in line with the estimates released early this year. The efficiency rate of the investment programmes managed by Aviva amounted to 11.8% for the Practic policy in nine months in 2003, 2.2% higher than the official inflation rate for this period. As for the Actual programme, the increase was 8.7% in euros for the three quarters. ZF