Life Insurance Market Crowded
June 21, 2008

The competition in the market for life insurance will become more stringent, a growing number of financial groups that intend to sell this segment. Last player on the market Asigurari Signal Iduna, Viata, a part of Germany, the Signal Iduna group, last week the license for the Commission to monitor the insurance (CSA). Ergo Group (Germany), Aegon (Netherlands), or Sogecap (France), the plans for the area of life.

In this segment, the desire of investors for the development of the project from the very beginning, in contrast to the damage in the insurance segment, where they prefer American General. In December 2007 and May 2008, 8 insurance companies were sold at the national level, while the total value of transactions of around 1 billion euros. Of this number, only one task in the field of life insurance, or BCR Asigurari of Viata.

The main reason for investors in life, in Romania, the growth of the market last year, and low birth weight L & # 39; entire market for insurance. At the same time, life is better than the general insurance conditions. Most life insurers' profit last year, while the number of insurers in general, the losses and there are a number of advantages. Last year the life insurance gross premiums amounting to 432m euros. About 20% of the total market, but experts believe that the weight by 40-50% future Hartford.

CSA information about life on the insurance market is the strengthening of growth in the past year, if the growth is 26%, almost three After the 9.66%, was published, L & # 39; previous year.

Signal Iduna focuses on the center and customers with high-income individuals and companies . The company has d ', a capital of 7 million euros, and is led by Sorina Niculescu Stonebridge, the former head of the department, Omniasig sleeves. Signal Iduna against the activities of the health, ash, was through the life and accident insurance.
The company is committed to the sale of life insurance products. Aegon Asigurari of Viata wait green light for the AUC. Aegon is a market, Romanian, in the previous year. Ergo Asigurari that Viata, its policies through a network, Unicredit should also be able to shop in Romania, in the shortest time. It was stressed that each group focuses on customers and their work before the end of the first half year.

The second objective that the market for life insurance. Germany and Viata Asigurari, Sogecap The initial investment for the premises, 7. 5 m euros. The company will continue its activities, the end of this year. Currently the main players in the national market for Kansas City life insurance and AIG Life.

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