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

02.25.2013

AXA Life Insurance Romania’s revenues from underwritten premiums increased 31% last year, from 24.8 million lei (EUR5.6 million) in 2011, according to insurance market regulator CSA. more

01.28.2013

Romania’s life insurance market is seen flat or up a mere 2% in 2013, mainly depending on the quality and performance of insurers' sales teams. more

10.24.2012

Romanian insurers Aviva Asigurari de Viata and Alico Asigurari Romania, part of U.S. group MetLife, will operate under the Metropolitan Life brand and will merge by the end of next year. more

08.08.2012

The portfolio of Romanian insurer Eureko Asigurari shrunk by 8.9% last year, to 34,738 contracts, while revenue from underwritten premiums climbed 1.7% to 42.04 million lei (EUR9.26 million), more

06.19.2012

AXA Life Insurance Romania wants to double revenues from underwritten premiums this year to 49 million lei (EUR11 million), the insurer’s sales manager, Dan Buta, told a news conference Tuesday. more

01.30.2012

Romania’s life insurance market registered growth last year and will follow a similar trend in 2012, representatives of local insurers said Monday. more

01.09.2012

The Romanian Defense Ministry will organize an auction on February 27 to buy life insurance for troops deployed overseas. more

12.21.2011

Romanian insurer AXA Life Insurance won in November an auction held by electricity distributor Electrica, for a 18.1 million lei (EUR4.23 million) health insurance contract. more

12.14.2011

Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator CSA data. more

11.09.2011

Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (EUR53.5 more

10.21.2011

Sales of life insurance through banks can help develop the bancassurance segment only if banks become more than mere distribution channels and prepare their employees as consultants for clients, more

09.21.2011

Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to new rules more

09.16.2011

A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans. more

08.17.2011

Romanian AXA Life Insurance (formerly Omniasig Life) underwrote premiums worth 10.96 million lei (EUR2.57 million) in the first half of this year, down almost 1% from June 2010, according to company more

07.19.2011

Romanian insurer Aviva Asigurari de Viata's losses widened last year by 48%, to 19.91 million lei (EUR4.67 million), as it sold 80.3% fewer policies at 25,274 units, and underwritten premiums dropped more

07.13.2011

Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimates more

06.24.2011

Axa Life Insurance, part of French group Axa, increased its share capital by 28.7 million lei (EUR6.8 million), to RON80.5 million, by cash contribution from shareholders, according to data published more

06.15.2011

Romanian life insurance companies’ share could go up to 22% of the total insurance market in 2011. This is still lower than in neighboring countries. more