AIG Life doubled its profit
by Florentina Gagiu | 8 September 2008 | 0 comments
Vote article










The company AIG Life Asigurari Romania ended the first semester of 2008 with businesses over 140 million lei in increase with 51% against 2007, the same period. In euro the volume of subscribed gross premiums increased to 38 million, in increase with 37%. The reported gross profit is of 24 million lei (7 million euro), representing the double of the recorded value in 2007, the same period.
“The company touched the maturity level which allowed us to diversify the distribution methods, in the same time focusing on professionalizing the network of own consultants. Our plan was followed by letter also in what concerns the financial parameters of performance: incomes, expenses assets and profit”, Theodor Alexandrescu, general director of AIG Life explains.
The life insurances market has also developed as a result of implementing the Second Pillar of private administrated compulsory pensions. This important factor has determined the Romanians to become aware of the necessity of financial planning on long term. The value of the products of individual life insurance with guarantees benefits is perceived as being more significant by customers for their financial welfare. The guarantees weren’t affected by the lately unfavorable evolutions of the financial markets. “The results of the innovative products launched since the beginning of the year till now started to be noticed in this period. The company launched two packages of products that offer a mix of guaranteed benefits and benefits from investments. There were also introduced new options of medical benefits and protection that can be attached to the already existent policies”, the chief of AIG Life outlines.
“The company touched the maturity level which allowed us to diversify the distribution methods, in the same time focusing on professionalizing the network of own consultants. Our plan was followed by letter also in what concerns the financial parameters of performance: incomes, expenses assets and profit”, Theodor Alexandrescu, general director of AIG Life explains.
Read also
Add comment:
Exchange Rates
11.03.2010
-
- 1 EUR
- 4.0987
- RON
-
- 1 USD
- 3.0013
- RON
-
- 1 GBP
- 4.5122
- RON
-
- 1 XDR
- 4.6036
- RON
-
- 1 XAU
- 106.7022
- RON
Stock Info
11.03.2010
-
- BET
- 5548.99
- 0.14 %
-
- BET-C
- 3210.26
- 0.18 %
-
- BET-FI
- 29453.83
- 0.00 %
-
- ROTX
- 11043.99
- -0.01 %
-
- BET-XT
- 544.92
- 0.07 %
-
- BET-NG
- 744.14
- 0.32 %
VAT Calculator
VAT value: -
Car Tax
Calculate the value of the new car tax depending on the machine parametersMost read articles
- TODAY
- LAST 7 DAYS
- LAST 30 DAYS
- » European Commission Demands Investigations Regarding CIA Secret Prisons in Romania (24)
- » Dacia Duster Set For European Launch In Spring 2010 (22)
- » Romania's Public Debt Rose To 28.08% Of GDP In The First Nine Months (17)
- » National Bank of Romania Announced Inflation Targets For 2010 And 2011 (13)
- » New Board of Directors of Romanian Central Bank, invested by majority vote (12)
Gazeta Sporturilor news
- » Chivorchian: "Rapid must pay, they are responsible for the registration!"
- » Şiman: "League helps Timişoara. If Varga and Bălan had arrived at Poli, they would have ...
- » Copos: "It would be abusively and illegal. Rapid will go in League 4th"
- » Hagi: "I like challenges, I want to return on the ground from this summer!"
- » Oltchim is the first team qualified in the semifinals of Champions League











