30 dec 2013

The Romanian insurance market will have another difficult year, as chances for growth to resume are slim and sales of policies will most likely be flat in 2014, most insurance company officials say. more

23 dec 2013

Insurance companies in Romania issued policies worth 6.8 billion lei (EUR1.5 billion) between January and October 2013, flat from the same period a year ago, according to the country's Financial more

16 dec 2013

French-held insurer Groupama has invested some EUR700 million on the insurance market in Romania since 2007 and most of the money went towards buying insurers Asiban and BT Asigurari, said Francois more

4 dec 2013

Profitability remains the main focus of Allianz-Tiriac in the coming period, after the insurer improved its profit rate in the first nine months of this year, Remi Vrignaud, the insurer’s general more

18 nov 2013

U.S. giant MetLife, which controls the third-largest insurance company in Romania, has completed the integration of British group Aviva's operations in Romania into its business and is now looking for more

29 oct 2013

Insurance companies held by foreign groups received capital injections of EUR117 million since the beginning of this year, according to aggregate data from the Trade Registry. The bulk of the money is more

25 oct 2013

Asirom, a top ten insurer, wants to balance its portfolio by growing less reliant on auto liability policies and emphasizing more profitable segments such as home or life insurance policies,” says more

7 oct 2013

Raiffeisen Bank Romania does not await instructions from its Austrian parent bank on how to adjust costs and to make local operations more efficient. This shows in the decision taken in due time to more

3 oct 2013

Insurance brokers want to be able to sell other financial products, such as bank loans, in addition to insurance. A proposal to this effect is set to be finalized and to be sent to the Financial more

16 sep 2013

Foreign shareholders of banks, insurers and leasing companies added around EUR240 million to the capital of Romanian subsidiaries between in January and June 2013. more

13 sep 2013

Romanian-held Astra leads the ranking of insurers that get the largest revenues from property policies, with gross underwritten premiums of 177 million lei (EUR40 million) in the first six months of more

22 aug 2013

BCR, BRD, Banca Transilvania, Raiffeisen and CEC Bank – the largest lenders in Romania by assets, hope to collect EUR150 million from selling 3,500 foreclosed homes, according to data collected by more

14 iun 2013

The second day of ZF Bankers Summit ’13 brought up the weaknesses in the economy and the issue of insolvencies weighing on banks’ loan portfolios. One solution would be for the state to more

13 iun 2013

Bankers are awaiting the return of economic growth before genuinely restarting lending, but they admit there are good some businesses worth more attention, even at this time, when there are no signals more

12 iun 2013

Interest rates on leu-denominated loans will stay high due to weak economic performance, the head of UniCredit Tiriac Bank said Wednesday. more

22 mai 2013

Groupama, the local subsidiary of the French group by the same name, last year reported a net loss of EUR23 million after a profit of EUR1 million in 2011, according to a report published by the group more

22 apr 2013

Paolo Mariani, general manager of Italo Romena, the local branch of Italian group Veneto Banca, says some people in the sector have sought to attract clients using the discussion that has emerged amid more

15 apr 2013

The evolution of the Romanian insurance market in the first three months of 2013 does not leave room for much optimism for the coming period, as the most optimistic forecasts point to a moderate more

11 apr 2013

Foreign insurers brought EUR450 million to the capital of Romanian subsidiaries since the beginning of the economic crisis in order to cover ‘loopholes’ of over half a billion euros triggered by more

10 apr 2013

The tension generated among clients by the closure of the Bucharest unit has not become apparent yet. more

2 apr 2013

The number of companies faced with a shortage of cash is on the rise and so is the number of those filing for insolvency. As a result, now is one of the best moments to sell commercial credit more

21 feb 2013

The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 4.4 billion lei (EUR1 billion) in general insurance claims last year, up 7% on 2011. more

19 feb 2013

Mariana Diaconescu, president of insurer Asirom’s directorate, expects tighter competition on the insurance market in the coming years, with several new companies expected to appear on the market more

14 feb 2013

FAN Courier, the largest Romanian-held company on the courier market, saw its turnover rise 10% in lei last year, to around RON244 million (around EUR55 million), and the company hopes to see a more

7 feb 2013

Home appliances manufacturer Arctic increased exports by 25% last year and its best markets were Iraq, South Africa, Turkey and Ukraine. more