03.23.2017

Financial Supervisory Authority (ASF) will support the takeover of insurance company City Insurance by Dr. Max Roessler, a private Swiss investor, and will cooperate both with the company and the more

03.21.2017

Romanian insurance market rose 10% on the year in 2016, to RON10.05 billion, according to official data provided by the Financial Supervisory Authority (ASF). more

03.17.2017

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03.07.2017

Euro Insurance DAC (LeasePlan Insurance), part of Irish group LeasePlan Corporation, was authorized by Romania’s Financial Supervisory Authority (ASF) to sell automobile liability insurance (RCA) on more

02.28.2017

The market of automobile liability insurance (RCA) rose 5% last year, reaching a record level of 4,983,409 contracts, according to official data provided by the Financial Supervisory Authority (ASF). more

01.25.2017

A number of 27,435 individuals had deposits of more than EUR100,000 worth a total of 28.2 billion lei (EUR6.3 billion) last year, the latest 2016 data of the Bank Deposit Guarantee Fund show. more

01.20.2017

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12.21.2016

Romanian insurance market rose 12% on the year in January-September, to RON6.8 billion, according to official data provided by the Financial Supervisory Authority (ASF). more

12.20.2016

The capping of the auto liability insurance (RCA) rates shattered insurers’ optimism about the market and turned 2016 into a disastrous year. more

12.16.2016

Ten insurance brokers, accounting for 25% of the insurance brokers operating on the Romanian market, have established the first employers’ organization in the sector - the Romanian Employers’ more

12.07.2016

Allianz-Ţiriac, the second largest insurance company in Romania, underwrote gross premiums worth over RON906 million, in January-September 2016, up 17% on the year. more

11.22.2016

The increasingly frequent legislative changes that are farther and farther away from the model of a competitive framework as used in the West only serve to hinder the development of the local more

11.08.2016

Bucharest Court of Appeals has rejected the appeal filed by insurance company City Insurance, owned by businessman Dan Odobescu, against the decision of the Financial Supervisory Authority (ASF) on more

10.04.2016

Agil Trans, a road freight carrier in Romania, is now paying 22,000 lei (almost EUR5,000) auto liability insurance (RCA) per 16-ton vehicle, over seven times higher than the RON3,000 it used to pay more

09.28.2016

Romania’s insurance market registered total underwritten gross premiums of RON5 billion in the first half of 2016, up 11% compared with the same period a year ago. more

09.13.2016

The health insurance market represents a growth opportunity for NN Asigurari which aims to reach 10,000 clients in the future, Marius Popescu, CEO of life insurance company NN Asigurari, said Tuesday more

09.09.2016

German Signal Iduna, the largest life insurance company on the Romanian market, sold insurance policies worth RON21.47 million (EUR4.8 million) in January-June 2016. more

08.30.2016

Insurance company Euroins has decided to enter the private health insurance market, one of the liveliest niches in the insurance industry at the moment, considering that Euroins sells mostly mandatory more

08.08.2016

Insurance companies in Romania pay lower and lower commissions to insurance brokers, regardless of the type of insurance policy brokered, according to aggregate data provided by the Financial more

08.04.2016

Insurers BCR Asigurari de Viata and Omniasig, members of Austria’s Vienna Insurance Group (VIG), signed, on August 3, an agreement to take over life insurer AXA Life Insurance SA. more

08.04.2016

Insurance companies in Romania sold insurance policies worth RON2.4 billion (EUR540 million) in the first three months of 2016, up over 9% against the same period in 2015, according to data from the more

08.03.2016

Romanian insurer Asirom, owned by Austria’s Vienna Insurance Group (VIG), ranked first among insurance companies operating on the local market in the first quarter of the year, with underwritten more

08.03.2016

Romanian insurance market rose over 9% on the year in January-March, to RON2.4 billion, according to official data provided by the Financial Supervisory Authority (ASF). more

07.24.2016

Romania’s insurance market posted net loss of over RON3 billion (EUR700 million) between 2006 and 2016, considering that it ended 2015 with a loss of RON267 million (EUR60 million), according to more

07.21.2016

Insurance company City Insurance, owned by businessman Dan Odobescu, needs a EUR30 million share capital increase to exit the financial recovery procedure, according to the plan approved by more