07.09.2015

Romania’s Financial Supervisory Authority (ASF) set off a massive reconstruction process of the insurance market in order to lay the basis for sustainable growth and bring the local insurance market more

05.28.2015

Romania’s life and non-life (general) insurance underwritten premiums reached RON1.97 billion (EUR450 million) in January-March, up 7.39% from RON1.84 billion in the same period a year earlier, more

04.28.2015

Financial Supervisory Authority (ASF) will carry out stress tests for the rest of 15% of the companies on the insurance market in the second half of the year, after completing the testing of the first more

03.12.2015

Romania’s life and non-life (general) insurance underwritten premiums reached RON8.09 billion (EUR1.83 billion) in 2014, down 0.34% on the year, according to data provided by the Financial 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

07.03.2014

The Romanian insurance market declined 2.38% in January-April, reaching underwritings of RON2.699 billion (RON600 million), on the backdrop of a 0.97% drop in general insurance to RON2.18 billion and more

05.19.2014

Three companies holding over 30% of the insurance market are going through rough times. more

03.13.2014

The Romanian insurance market reached RON8.29 billion in 2013, just 0.4% higher than in 2012, and the sector's contribution to the gross domestic product dropped to 1.31% from 1.4% in 2012, the more

11.20.2013

Romania’s insurance market stood at 6.1 billion lei (EUR1.37 billion) in the first nine months of 2013, steady on the year, while damages paid by insurers fell 2.44% to RON3.69 billion, according to more

09.17.2013

The Romanian general and life insurance market rose 3.2% in the first half of 2013 to 4.3 billion lei (EUR0.96 billion), while damages paid by insurers fell 1.2% to RON2.5 billion, according to more

02.26.2013

The Romanian insurance market posted 5.8% growth last year, to 8.27 billion lei (EUR188 million), after declining nearly 12% in 2009-2011, from RON8.87 billion to RON7.82 billion, the country’s more

02.15.2013

Major insurers felt to a lesser extent the effects of the crisis in 2012 after three years when their businesses plummeted, but few companies managed to boost their sales on segments other than more

12.23.2012

Romanian insurers underwrote gross premiums of about 232 million lei (EUR52 million) in several European Union member states in the first nine months of 2012, up 27% on the year, according to more

12.12.2012

The future single watchdog of Romania’s financial markets could be no more than a formal change because it is still parties who appoint the management. more

11.21.2012

Romania’s general and life insurance market climbed 1.43% in the first nine months of the year to 6.17 billion (EUR1.36 billion), supported by a 1.74% increase registered on the general insurance more

10.31.2012

Romanian insurance market was 1.54% higher in January-August period, to 5.5 billion lei (EUR1.21 billion) in underwritten premiums from general and life insurance, according to data of the Insurance more

10.04.2012

The Romanian insurance market is getting overcrowded because 40 companies are vying over less and less money. Under the circumstances, consolidation by mergers and acquisitions becomes an irreversible more

07.25.2012

Romanian insurers might be allowed to issue voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which range between EUR10,000 and EUR20,000 more

05.22.2012

Romania’s general and life insurance market increased 0.35% in the first quarter of the year, to 2.17 billion lei (EUR488 million), fueled by the general insurance segment which saw a 0.55% growth, more

04.30.2012

Generali, one of the world’s largest insurers, which owns a top ten company on the Romanian market, says the local insurance sector is not in a very comfortable situation right now because of the more

03.08.2012

Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40% growth, more

01.30.2012

Romania’s insurance market will stagnate or register a slight growth this year, as it is still coping with the effects of the financial crisis of the past three years, Mariana Diaconescu, CEO of more

11.28.2011

Top insurers in Romania continued to feel the effects of the crisis, and many have lost market share to second-ranking players and companies that have promoted their products more aggressively, more

07.20.2011

The Romanian insurance industry lowered its net loss last year by nearly 60%, to 41.37 million lei (about EUR10 million), according to the annual report of the country’s insurance watchdog CSA, more

07.05.2011

Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most. more