Romania: ASIROM Vienna Insurance Group takes over the insurance portfolio from Aegon Romania

17 January 2024 — Daniela GHETU
Following the acquisition by Vienna Insurance Group of the Aegon companies in Central and Eastern Europe, operation completed in June 2023, the insurance portfolio of the Romanian Aegon branch will be transferred to ASIROM Vienna Insurance Group.

ASIROM Vienna Insurance Group, one of the important players in the Romanian insurance industry has announced it received pre-approval for the transfer from the Financial Supervisory Authority and is starting of the process of taking over the life insurance portfolio from Aegon Romania.

This strategic takeover represents a significant step in expanding the portfolio and strengthening the leading position of ASIROM Vienna Insurance Group on the insurance market in Romania, the company said in a press statement. By integrating the Aegon Romania portfolio, ASIROM further increases the number of clients, offering a diversified range of insurance products and services adapted to the ever-changing needs of consumers.

"We are happy to announce the start of the takeover of the Aegon Romania insurance portfolio. In recent years, ASIROM has revised its strategy and operating model, and this transformation has brought us to the top 4 companies in the industry. We continue to grow profitably, and this strategic step reflects our commitment to providing superior service to our customers and partners. We will continue to develop and diversify the ASIROM portfolio to meet the changing needs of the market. We warmly welcome Aegon Romania's clients to the ASIROM family and are dedicated to a successful long-term collaboration," said Madalin Rosu, Chairman of the Board of ASIROM Vienna Insurance Group.

Aegon Asigurari Romania is a branch of Aegon Poland (Aegon Towarzystwo Ubezpieczen Na Zycie SA). As such, the transfer of the insurance portfolio is also subject to the approval of the Polish Financial Supervisory Authority (KNF). The transfer will be carried out in compliance with the applicable legal provisions.