02.23.2021

Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went more

01.19.2021

Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, wants to fully acquire Innobyte, one of the leading players on the Romanian ecommerce market. more

09.11.2020

Cluj-based software company Life is Hard (LIH.RO) has increased its share capital by RON600,000, from RON2.4 million to RON3 million, per stock market data. more

09.03.2020

Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, has contracted a loan of RON1 million from Banca Comerciala Romana (BCR), with a view to developing new more

07.30.2020

Insurer Metropolitan Life, part of MetLife group, said it registered 20% growth in underwritings in the first quarter of 2020, to RON102.8 million. more

11.01.2019

Cluj-based software company Life is Hard (LIH.RO) posted a net profit of RON643,511 for the first nine months, up 67.4% on the year, while its turnover dropped 8.1%, to RON3.4 million. more

06.27.2019

NN Asigurari, the largest life insurance company on Romanian market, part of Dutch NN Group, has increased its share capital by RON6.5 million, to RON120.5 million. The transaction has already been more

06.20.2019

City Insurance gained even more ground in the first quarter of 2019, ending it with 21% market share. The company held by businessman Dan Odobescu increased its revenue by 42% to 448 million lei more

05.13.2019

NN Asigurari, the biggest life insurer on the Romanian market, reported a net profit of RON55.2 million in 2018, up 60% on the year, it said on its website. more

04.08.2019

Life insurance company Aegon Romania, part of international financial group Aegon, on Monday said it saw a 22% growth in life insurance sales year-on-year in 2018. more

10.22.2018

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01.19.2018

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09.20.2017

The average duration of working life in Romania is 32.4 years compared with a European Union average of 35.6 years, data from the EU statistical office Eurostat showed Wednesday. more

09.05.2017

Insurance company Metropolitan Life appoints Carmina Dragomir as CEO in Romania, starting October 1, replacing Emilia Bunea, who has been running Metropolitan Life's Romanian operations for the past more

05.03.2017

Ergo Asigurari de Viata, a company held by Germany’s Ergo group, last year posted the highest growth of the entire life insurance industry, as its gross written premiums went up from 46 million lei 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

07.14.2015

The lending revival will boost the life insurance market in 2015, which will be the only source of growth of underwritings on this segment, according to Emilia Bunea, CEO with Metropolitan Life. more

01.16.2015

Certinvest has taken over APF, which manages the Pensia Mea voluntary private pension fund, from insurer Metropolitan Life Romania. more

11.27.2014

The Romanian life insurance market is underdeveloped and its premium revenues are declining, as is the industry's share in the gross domestic product, according to a report Romania's antitrust body more

08.13.2014

US MetLife, which owns insurer Metropolitan Life in Romania, will not give up its goal to become number one on this market, even though rival ING Asigurari has been clinging on to that position more

06.24.2014

Life insurance company Metropolitan Life will be run, starting July 1, by Emilia Bunea, former Chief Financial Officer Insurance Europe with ING Group. more

06.17.2014

Life insurers’ clients canceled policies worth 92 million lei (EUR21 million) in January-March 2014, down 21% from the same period in 2013, according to data provided by the Financial Supervisory more

02.28.2014

French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report reveals. It more

01.27.2014

Romania’s life insurance underwritten premiums are expected to stagnate or grow by up to 5% in 2014, considering that the revenues of companies operating this segment fell 8% to 1.52 billion lei more

01.13.2014

AXA Life Insurance will provide voluntary health insurance to employees of power grid Transelectrica until October 2016 under a RON6.99 million contract, according to public procurement website more