The Omniasig Group in Romania includes Omniasig Life and Non-life. The focus of business is on the property/casualty segment, in particular the segment of motor vehicle insurance. The company is also one of the leading providers of insurance to large customers, and includes well-known industrial and commercial customers in its portfolio.
Omniasig Non-life has a highly developed distribution network comprised of more than 1,000 sales employees and around 18,000 agents and brokers, as well as outstanding cooperative sales arrangements with leasing companies and banks. Banca Comercială Română (BCR), a member of the Erste Group, is one of the companies working with Omniasig in the business of bank sales. Omniasig Non-life is number 1 in the Romanian market for motor vehicle liability insurance.
Omniasig Life is one of the Top 10 life insurance companies in Romania. Its life insurance products are sold primarily through agents.
Asirom is one of the leading insurance companies in Romania, operating in both the life and non-life segments of the Romanian insurance market. The company’s products are primarily sold by an employed field sales force and a large number of agents. Asirom focuses its sales efforts on the non-life insurance business. Development has been particularly good in the company’s motor vehicle liability insurance business, and it currently occupies an outstanding 2nd place in the market, following Omniasig Non-life, another Vienna Insurance Group company.
BCR Non-life has been operating in the Romanian insurance market as a member of Banca Comercială Română (BCR) since 2001. The company distributes its products through around 170 offices as well as a nationwide network of BCR branches providing access to a large number of customers. BCR Non-life is constantly expanding its product range and improving its quality of service so as to further establish itself on the market and better serve its customers’ needs.
BCR Non-life is one of the Top 5 insurers in the non-life segment in Romania, and focuses its sales efforts on motor vehicle insurance.
BCR Life was established in October 2005 by Banca Comercială Română (BCR), and has offered innovative personal life insurance products and group life insurance since that time. Some of the products in the company’s product portfolio include savings and future provision products (including those specifically aimed at children), pension insurance and unit-linked life insurance. BCR enjoys an excellent position in the Romanian market, which makes bank distribution profitable for BCR Life. Distribution of traditional life insurance policies is particularly successful.
