Aegon ends the first year with 2.2m RON turnover

Aegon Asigurari de Viata, a company controlled by Aegon Dutch group, which entered the domestic market in early 2009, ended its first operational year with total underwritten premiums worth 2.2m RON (520,000 euros). "Around 80% of sold policies were unit-linked ones," state the company's representatives. At the launch moment, the representatives of Aegon, a group that has invested several tens of million euros in the life insurer, but also in the private pension company it owns on the domestic market (BT Aegon), stated their target was to reach the top five on the life insurance market five years after starting operations, that is in 2014. At present, the biggest players on this market are ING, Alico (the former AIG Life), BCR Asigurari de Viata, Aviva and Asirom. Life insurers are bracing up for another difficult year, with the market set to remain flat, at the level of 2009, at best. On the private pension market, Aegon managed a pillar II fund with 154,000 contributors and 68.2m RON net assets in late January.