Although the global financial crisis has impacted on the whole national economy, the life insurance and pensions company Aviva Lithuania has maintained its volume of business.
Although the global financial crisis has impacted on the whole national economy, the life insurance and pensions company Aviva Lithuania has maintained its volume of business. The company has increased its market share from 15.9% in 2008 when total premiums written amounted to 85 million litas, to 17.4% in last year with signed agreements for the sum of 84 million litas in total.
December of 2009 was the most successful – during this month Aviva Lithuania signed agreements for contributions of 13.8 million litas in total. Based on this indicator it was the most successful month in the history of the company’s operation in Lithuania.
In 2009, Aviva Lithuania paid its clients 7.5 million litas in payments to cover insurance losses. This sum comprised 25.4%, or more than a quarter, of the total payments paid in the life insurance market.
"The last year, which has been marked by crisis, gave every company an extra opportunity to prove its stability and reliability in tougher times. Our company’s results demonstrate that we satisfy our clients’ expectations and their trust in our company," said Asta Ungulaitienė, director general, Aviva Lithuania.
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For more information please contact:
Vaidotas Aleksiunas
Marketing executive
Telephone: (8 5) 269 0620
Mobile: 8 682 222 01
E-mail: vaidotas_aleksiunas@aviva.lt
Notes to editors:
196,000 clients have used Aviva Lithuania for life insurance and pension fund services. At the end of 2009, the life insurance and pension fund client assets managed by Aviva Lithuania amounted to 571 million litas, an increase of 40% compared to the end of 2008 when assets under management totalled 408 million litas. Aviva serves 50 million clients in 28 countries worldwide and manages assets valued at £381 billion (1.5 trillion litas).