Coman, ING Asigurări: Clients will seek guaranteed life insurance this year, too
Guaranteed life insurance and financial plans for children will
be primarily targeted this year by clients seeking saving
alternatives, given the continuing economic uncertainties, believes
Cornelia Coman, general manager of ING Asigurări, the biggest
player on the life insurance market.
"Insurance allowing access to investments will further develop and
there will be high interest in guaranteed products. Also, I believe
financial plans for children will be among clients' favourites,
being a product category that retains focus irrespective of
economic circumstances," Coman stated.
The life insurance market rose by almost 3% in the first nine
months of 2010 owing to products with a single premium and
guaranteed insured capital launched by several companies, but most
market players saw turnover declines.
Gross premiums underwritten by ING Asigurări in the first nine
months of 2010 advanced by 4.3% against the same period of the
previous year, to 404m RON, owing to the 45% higher sales of
unit-linked policies.
Coman expects the average premium for life insurance contracts to
go up by 10% this year.