AIG Life Asigurari Romania doubles gross profit

"The increase in earnings is mainly due to careful management of operating costs and a cautious investments strategy," he said. A significant amount of clients' funds is invested in bonds and titles issued by the Romanian state and in bank deposits in Romania.

"The solvability insured margin is four times higher than the minimum value and the liquidity level of the company is ten times higher on the minimum legal requirements," Alexandrescu added.

At the end of September, the insurer's assets amounted to € 180 million. It controls a16.5 percent share of the market, according to data by the Insurance Supervision Commission (CSA). (NewsIn)