VIG companies in Romania

Omniasig celebrated its 15th anniversary in 2010. The company, which had just 10 employees when it was founded, now serves customers across the country with more than 1,500 employees in about 200 branch offices. As a pure non-life insurer, its business is focused on property and casualty insurance, especially in the field of motor vehicle insurance.

In addition to field employees, the diversified distribution network includes about 11,000 agents and brokers as partners, along with leasing companies and banks. The Internet portal which went live in early 2010 is aimed at providing them with assistance in the sales process. Accessing www.omniasigonline.ro allows the company’s own field staff and external sales partners to calculate rates online as well as to issue policies electronically. After a successful start in the area of motor vehicle liability, the portal was expanded to include additional products such as motor vehicle own-damage insurance and traveller’s health insurance.

By its household insurance “Casa ta”, Omniasig sets the tone for the market. Only recently introduced, it was voted best insurance product by the Romanian financial market magazine Piata Financiara.

Asirom has been part of VIG since 2007. It operates on the Romanian insurance market in the life and non-life segments. Asirom is among the leading companies in the country, both in the market as a whole as well as in the individual insurances classes. In 2010, the company’s management and sales were successfully reorganised. In addition, the company was able to further centralise its back-office area over the course of the year.

Since the purchase of all insurance activities of Erste Group in 2008, the BCR insurance group has been an important part of VIG. In 2001 BCR Non-Life entered the Romanian market as a subsidiary of Banca Comercială Română. It distributes its products through about 160 branch offices and through the nationwide network of Banca Comercialăă Românăă branches. In 2010, BCR Non-Life expanded its range of products with “Casco Plus”, which includes roadside assistance in addition to the usual services.

Since 2005, BCR Life has been present on the Romanian market with innovative life insurance products for individuals and with group life insurance policies. In the short time it has been doing business, it has secured a place among the most important life insurers of the country. In terms of premium volume, BCR Life has now become the second largest insurance company in this class. In 2010 BCR was able once again to impress not only its customers but also experts in the national financial press. Among others, it was honoured by the Romanian trade journal PRIMM with the “Insurer of the Year” award in the life insurance area. The magazine Piata Financiara awarded the company the title “Insurer of the Year” in the same category.