01.26.2015

The Romanian insurance sector faced a difficult year in 2014, amid the incoherence of Romania's financial watchdog ASF, while things are far from going to the right direction, Cristian Constantinescu, more

01.20.2015

The Romanian capital market legislation is currently at emerging market level following the amendments operated in the last two years, vice-president of Romania’s Financial Supervisory Authority more

01.12.2015

Romania's financial watchdog ASF is currently analyzing the method for the calculation of tariffs for the mandatory car insurance policies (RCA) for youths and plans to identify a reasonable solution more

12.29.2014

Romanian financial authority ASF approved the share capital increase of state-owned nuclear power producer Nuclearelectrica (SNN.RO) by 239 million lei (EUR53.46 million), the company said in a more

12.03.2014

Romanian investment fund Fondul Proprietatea (FP.RO) hopes financial authority ASF will reconsider its decision on the rejection of depositary interests regulation, by which it plans to float on the more

11.27.2014

Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 11% to RON1.94 billion in the first nine months, due to a 3% rise in the average premium, to RON515, and a 4% rise more

10.31.2014

A group of shareholders including Dragos Bilteanu, head of regional investment fund SIF Banat-Crisana, and another persons, jointly with SIF Muntenia, SIF Banat-Crisana, Semrom Muntenia, Biofarm and more

09.30.2014

Lawmakers voted 315 to 16 to appoint new members on the board of the country's Financial Supervisory Authority (ASF). more

09.18.2014

Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage payments and more

09.16.2014

Damage payments for bodily injury and death covered by insurers issuing mandatory civil liability car insurance (RCA policies) stood at 277.06 million lei (over EUR62 million) in the first half of more

09.11.2014

Insurers in Romania underwrote premiums of RON3.97 billion on the general and life insurance segments in the half of 2014, down 6.8% on the year, and paid damage claims of RON2.47 billion, down 1.6% more

08.18.2014

Capping brokers' fees on mandatory car insurance policies (RCA) will raise insurers' costs, will narrow the RCA market and will reduce brokerage by 30%, costing 25,000 insurance brokers and more

08.12.2014

Romania’s Financial Supervisory Authority (ASF) has approved the launch of the Asset Quality Review (AQR) project aimed at evaluating the quality of assets and liabilities of the main insurance more

08.06.2014

The transaction through which insurer Astra Asigurari will take over the Romanian division of French group AXA will be approved provided Astra increases its share capital and recovers financially, more

07.29.2014

The World Bank will provide technical assistance to Romania’s Financial Supervisory Authority (ASF), based on a memorandum signed Tuesday. more

07.22.2014

Romania's financial watchdog ASF plans to amend the investment policy for pension funds to allow then to make higher direct investments in the economy, the institution said in a statement Tuesday. more

07.08.2014

Romanian insurers will apply the EU directive Solvency II, which aims to unify a single EU insurance market and enhance consumer protection, as of January 1, 2016, to increase their contribution to more

07.02.2014

Misu Negritoiu, head of Romania’s Financial Supervisory Authority ASF, stated that insurers will have to pay more to the guarantee fund, unless they manage to streamline their operations on the more

07.01.2014

Astra Asigurari and the insurers held by Vienna Insurance Group (VIG) in Romania - Asirom, Omniasig and BCR Asigurari de Viata - generated in 2013 over 85% of the losses posted by the insurance more

06.17.2014

Romania’s financial supervisory authority ASF will lower its fees levied on stock market transactions by 25% as of September 16, according to a regulation published on its website. more

06.12.2014

Romania’s Financial Supervisory Authority (ASF) will further investigate the insurance market and will expand checkups at companies. For the fourth quarter, the institution is readying an audit of more

05.16.2014

Romania’s Financial Supervisory Authority ASF suspended the license of brokerage company SSIF Carpatica Invest for 90 days, asking for settling its financial situation and drawing new capital more

05.09.2014

Romania’s Financial Supervisory Authority ASF will undergo an extensive reorganization program, based on a PwC report, that will trigger a significant personnel expense cut and higher efficiency, more

04.07.2014

Romanian insurer Astra has to hike its share capital by 490 million lei (EUR110 million) in the next 12 months, out of which RON70 million in the first stage, according to the recovery plan approved more

04.01.2014

Romania’s Parliament in plenary Tuesday approved the appointment of Misu Negritoiu to the position of president of the country’s Financial Supervision Authority (ASF) with 333 votes in favor and more