SIGNAL Iduna officially enters the Romanian market
The SIGNAL Iduna Life Insurance Company has received during the past week the final functioning authorization from The Insurance Supervisory Commission. "Romania offers interesting development opportunities, taking into consideration the Romanian insurance market's potential, especially in our specialization field, the private health insurance sector found in incipient advancement in our country", Sinziana MAIOREANU, SIGNAL Iduna Business Development Director, has stated.
SIGNAL Iduna is prepared to launch three business lines for individual customers and companies: private health insurance (primary activity), life insurance and accident insurance.
In the corporate area, SIGNAL Iduna is offering retention instruments to medium and large companies having high educated and remunerated employees.
In the individual area, SIGNAL Iduna Romania addresses to medium and high educational and remuneration leveled persons and families to whom they guarantee a healthy prosper life through their insurance products.
"Our mission is to become the health insurance market leader; we have created innovative and competitive products which offer our customers the possibility of choosing the most suitable for their needs; we have invested and will continue to invest in forming a professional team in order to bring SIGNAL Iduna Group's virtuousness standards in Romania", Sinziana MAIOREANU has specified.
"We are benefitting by the support of a strong brand and we bring in Romania the Western Europe and the Central and Eastern Europe insurance experience. Our strong points in the Romanian market are: excellent services, financial power, advanced technologies, knowledge from more than 100 years of experience in the field and high European standards operational processes", Leslie BREER, Country Operations Officer, has stated.
SIGNAL Iduna, one of the most powerful financial groups in Germany, with 100 years of experience has more than 10 millions customers in Germany, Switzerland, Poland and Hungary. SIGNAL Iduna's specialization domains are: insurance and reinsurance, asset management and banking services. The company reported EUR 4.5 billion gross written premiums at the end of 2006 from which more than EUR 2 billion were from health insurance and so they became the fourth player in the German market.
Author: Mihaela CIRCU
on 16.06.2008
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