21% less for life insurance

A little over EUR 276 million is the amount of gross written premiums on life insurance, which represents 17.6% of the insurance market. The nominal evolution in European currency was -21%, which means a reduction in life insurance business, with over EUR 74 million less than the amount recorded in late September last year.

The top 10 companies on the market have underwrote, cumulated, 95% of the volume on life insurance and, excepting the leader ING Asigurari de Viata, none of the companies in TOP 10 life insurance maintained the same position in the hierarchy.

Therefore, ING Asigurari de Viata remains the market leader and, because it has decreased less than the market average, it managed to gain almost 1 percentage point market share.
BCR Asigurari de Viata is the only company that managed to spectacularly increase, amid the negative evolution of the entire market. The company underwrote nearly EUR 40 million and grew by over 22%.

The market share gained by the company increased by 5 percentage points, up to 14.4%.
According to estimates, AIG Life has underwritten EUR 29 million and fell by over 50%, compared to the achievements of the first 9 months of last year. The company lost almost 7 percentage points of market share. It remains to be seen whether the results at the end of year will confirm or not this estimate.

The most spectacular rise, from the point of view of the positions gained in the hierarchy, was that of AVIVA, which recorded a decrease of only 5% of the underwritings, and thus climbed from the 9th place to the 4th place. ASIROM, GENERALI and EUREKO climbed, each, one position in the top. GROUPAMA fell 4 positions, while GRAWE dropped two places, down to the 9th place.