Metropolitan Life announces the appointment of Cosmin Vlad as Chief Operating Officer of the life insurance company in Romania, starting June 1st, 2021. Cosmin Vlad will take over this position from Mihai Coca-Cozma, who successfully headed the Operations Department of the life insurance company in the last 4 years.
Cosmin Vlad joined the company six years ago. During this period he has achieved remarkable results as Head of Value Proposition and Product and he has constantly had an active involvement in the strategic projects of the company as a member of the Executive Team.
“I accept this challenge with enthusiasm and optimism. I am proud to take over the responsibilities of Metropolitan Life’s Operations Department, along with a team I fully trust. In this new role I will have the mission to build further, scalable, towards the future of Metropolitan operations. Life in Romania. In a context as dynamic as the current one, marked by unforeseen events and opportunities alike, I look at this mission with a lot of energy and the desire to bring value and meaning in everything we do for our clients and company”, says Cosmin Vlad (photo), Director of Operations at Metropolitan Life Romania.
Mihai Coca Cozma has significantly contributed to the evolution of Metropolitan Life in recent decades. It has also promoted strong functional and business partnerships and developed a strong team of professionals and talents. In the future, Mihai will follow other career plans outside our company.
“I am proud of the achievements of Metropolitan Life, of the launch and development of the privately managed pension fund, but also of the contributions to positioning the company as an important player on the local market. I am glad that, in the last 4 years, I have had the opportunity to lead the Metropolitan Life Operations Department, developing projects with a consistent impact on the company. Thank you to the team, customers and partners who have made all these achievements possible: I enjoyed every step we took together in this beautiful journey”, says Mihai Coca Cozma.
With 14 years of experience in the field of life insurance and private pensions, Cosmin Vlad joined the Metropolitan Life team in 2015. During this period he has proved an efficient coordination of the Value Proposition and Product team within Metropolitan Life Romania, since 2019 Value Proposition and Product MetLife Ukraine and repositioned the range of products in line with current customer needs. Cosmin also took over the role of Interim Head of Risk between April and July 2019.
Cosmin Vlad is a member of the Diversity and Inclusion team within Metropolitan Life and continuously invests in his professional development, both in his field of expertise and in the area of Leadership, while holding an important role in the development of teams within the company, as a mentor in the mentoring program of Metropolitan Life Romania. He is an Associate of the Institute and Faculty of Actuaries UK and has graduated from the Young Leaders program of the Aspen Institute.
Metropolitan Life has registered in 2020 an increase of 14.4% of the gross written premiums, compared to 2019, occupying the second place in the ranking of the largest life insurance companies in Romania. In 2020, Metropolitan Life has registered gross written premiums amounting to 415,393,485 lei, compared to the same period in 2019, when the value of gross written premiums amounted to 363,130,998 lei. Regarding the allowances paid in 2020, they had a value of 116,263,917 lei, 16.6% more than the same period in 2019, when they amounted to 99,718,138 lei.