ING Asigurări, the biggest company on the life insurance market,last year saw gross underwritten premiums rise by 3%, to 543m lei(129m euros). However, the company's gross income halved against2009, from 93m lei to 46.5m lei on the lower insurance contract feeand new product development expenses.
Turnover growth slowed down in the last quarter of 2010, whenunderwritten premiums were flat at the 139m lei level registered inthe same period of the previous year. In January-September 2010,the insurer's turnover had increased by 4.3%, to 404m lei.
"Our main objectives this year include keeping our current marketshare and strengthening our leading position. After a year full oflaunches in the area of unit-linked products, in 2011 we're addinga serious illness insurance product to our offering," said CorneliaComan, general manager of ING Asigurări.
Unit-linked policy sales advanced by 39% last year against 2009,with the weight of these contracts in the overall portfolioreaching 56%, according to the company's representatives.
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