Omniasig Viata to sell unit-linked insurance

Omniasig Asigurari de Viata (Omniasig Life Insurance), a company controlled by the Vienna Insurance Group and TBI Holding, will enter the unit-linked insurance market this year. This is a type of life insurance with an investment component, which, in addition to covering the insured risk, invests part of the insurance premium in funds managed by the insurance company or by another manager. “This year, we intend to enter the unit-linked insurance market, given the growing demand from our clients for services with an investment component. We have already secured the approval of the Insurance Supervision Commission to operate this type of insurance,” stated officials of Omniasig Asigurari de Viata. Allianz-Tiriac, Aviva, ING Asigurari de Viata and Interamerican are the other main players currently operating on this market. Other companies that have announced they would launch unit-linked life policies are KD Life, Generali Asigurari, AIG Life and Ceccar-Romas. Omniasig Viata registered gross underwritten premiums worth almost 10.8 million RON (3 million euros) in the first quarter, against 15.3 million RON (4.1 million euros) seen in the first three months of last year.