Aviva sees underwritten premiums increase by 29%

Aviva Grup Romanian insurance company, part of the British-based Aviva group, in the first half of this year registered 28.97% higher gross underwritten premiums, to around 10m euros (34.5m RON). “The first half was extremely dynamic for Aviva Grup Romania. An increase of almost 30% in gross underwritten premiums and of over 35% in assets are results that speak for themselves,” stated Shah Rouf, a CEO with Aviva Grup Romania. In late June, the group reached assets worth around 50m euros (165.8m RON), against 32.7m euros (118.6m RON) for the same period last year. In 2006, Aviva registered gross underwritten premiums worth more than 18m euros on the Romanian market. The company entered the market of voluntary private pensions in May, when it received its necessary manager license for mandatory private pensions. Aviva is among the most important companies operating on the Romanian life insurance market. According to its representatives, the company has more than 430,000 customers in Romania and is present in 23 cities via its offices and development centres. The company first entered the Romanian market in 2000.