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Monday,
May 7th, 2001
The
Pierre Hotel, New York City
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ASPIS
GROUP OF COMPANIES
ASPIS
Pronia Life Insurance Company was founded 57 years ago. Having gone
through spectacular growth over the past 10-15 years it has evolved
today into ASPIS Group, a full-scale Financial Services group consisting
of:
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8 Independent Insurance Companies
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A
Commercial Bank
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A Brokerage & Investment Bank
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A
Mutual Fund Company
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An Asset Management Company.
Recently, it has expanded its activities into Real Estate Development
and e-Commerce.
The Group offers today a wide range of products and services from life
and property insurance to specialized unit linked products and from
health coverage, pension and tuition programs to high performing mutual
funds, investment plans, banking products and investment services.
Three of the Groups' companies (ASPIS Pronia, ASPIS Bank and ASPIS Invest)
are publicly traded (listed on Athens Stock Exchange) with a combined
market capitalization in excess of US$500m.
ASPIS Group is very well positioned to take advantage of the extraordinary
potential that the Greek market presents:
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Is
a full-scale Financial Services Group with deep expertise both in
the Insurance and the Banking sectors. It has been very active in
the ongoing consolidation of the Insurance sector over the past two
years acquiring the Greek subsidiaries of CGNU (Commercial Union Life),
AXA (Nordstern Colonia), and Scottish Providence (Scoplife), thus
boosting its image as a leading player, establishing a solid market
share position (especially in the Unit-Linked products), and acquiring
specialised know-how from European giants.
After these acquisitions ASPIS Group is the market leader in the Unit
Linked product category and in 1999 accounted for one third of a total
market exceeding US$500m. New production of Insurance premiums for the
year 2000 exceeded US$250m. Total assets for the Group are approaching
US$3bn and assets under management exceed US$700m.
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A
strong, client base exceeding 1m individuals, with tremendous cross-selling
potential. The Group is already aggressively pursuing the opportunities
in the Bancassurance sector.
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An
extensive distribution network, with a strong customer orientation
culture: - 200 Insurance agencies with more than 3,000 highly specialized
full time agents working exclusively for ASPIS. - 40 Bank Branches
(expected to reach 45 by the end of 2001) - 1000 co-operating insurance
brokers - The offices of ASPIS Mutual Funds (5) and ASPIS Brokerage
(2) · A strong corporate identity. Over the past 50 years, the ASPIS
brand name has become synonymous to credibility, trustworthiness,
economic soundness, and social responsibility.
Company Info
ASPIS
Group of Companies
62,
Kifissias Ave. GR-151 25 Maroussi Athens Greece
Tel:
+301 619.8960-73 Web-site: www.aspis.gr
Company Contacts
Paul
Psomiades, Group President and C.E.O.
Dimitris Christacopoulos, Head of Corporate Strategy
Tel:
+301 617.6393 Fax: +301 617.6383
dchristacopoulos@aspispronia.gr
Christos
Demopoulos, Head of Corporate Communications
Tel:
+301 617.6333 Fax: +301 617.6355 comcd@aspis.gr
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