GENERALI: The pension business in Romania is second most important to us in CEE
The private pensions business in Romania is the second most important for GENERALI’s interests in the Central and Eastern Europe region, judging by the number of mandatory pension funds’ participants (2nd pillar) in each country, Werner MOERTEL, former responsible for CEE of GENERALI Holding Viena, told www.privatepensions.ro. Romania is only surpassed at this by Poland, but comes ahead of Slovakia, MOERTEL also said. He was present in Romania to celebrate 15 years of continuous presence for GENERALI on the local market, alongside the Romanian GENERALI team.
In Poland, GENERALI manages a mandatory pension fund with 575,000 participants (market share of 4.3%) and net assets of almost EUR 1.6 bln. (market share of 3,8%), and in Slovakia three funds (according to local legislation) with over 200,000 participants (market share of 13%) and EUR 250 mln. in net assets (market share of 15%).
In Poland, GENERALI is seventh among the mandatory pension companies by participants and sixth by net assets, while in Poland it has third place in both rankings. The situation is similar to the one in Romania, where GENERALI’s mandatory pension fund ranks third, with 390,000 participants (9,4% market share).