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

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

08.04.2014

Astra Asigurari and Gothaer Romania have submitted bids to insure the fleet of Romanian state-owned airline Tarom between September 1, 2014 and August 30, 2015, sources with the airline told MEDIAFAX. more

07.30.2014

Insurers that issue mandatory civil liability car insurance (RCA policies) will have to meet a certain level of solvency for their general insurance activity and will be forced to list brokerage more

07.23.2014

Insurance companies are paying 72% of a year’s gross written premiums to their customers in claim settlements, and their operating expenses amount to 42% of their revenue, which means revenue is 14% more

07.22.2014

Austria’s insurer Vienna Insurance Group (VIG), which owns three companies in Romania, allegedly decided to embark upon a new merger on the Romanian market, namely between Asirom and Omniasig, which more

07.21.2014

Most insurance companies in Romania in 2013 took the downsizing process imposed by the crisis further and closed down almost 150 units of their territorial network and 1,000 people left the market, more

07.08.2014

Insurance brokers posted an aggregated net profit of 114 million lei (EUR26 million) last year, and the margins of the 15 largest of them ranged from as low as 3% to as much as 75% of the total 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

07.01.2014

Insurance companies ended last year with a loss about 450 million lei (EUR100 million), 40% higher than in 2012. This is the eighth year in the red for the Romanian insurance industry, according to more

06.23.2014

The national association of Romanian insurers UNSAR has celebrated 20 years since inception at the end of last week on a market that has seen major foreign companies leave and huge scandals resulting more

06.20.2014

Insurance companies settled claims for moral damages and personal injury under auto liability policies (RCA) worth 134 million lei (EUR30.5 million) in the first three months of 2014, or 25% of the more

06.18.2014

Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to data 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

06.16.2014

Financial loss insurance and auto liability insurance were among the insurance classes to see the highest growth in the volume of gross written premiums in January-March compared with the year-ago more

06.12.2014

Insurance companies in Romania paid damage claims of RON1.31 billion in the first three months of 2014, up 0.93% on the year, while revenues from underwritten premiums fell 3.4% to RON2.05 billion, more

06.03.2014

Romania’s Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance, paid damage claims of RON358,380 in January-May, 75% of the total damage claims it paid more

06.03.2014

The seven largest insurers in Romania cut the number of employees by 15% last year, keeping only 9,000, which shows the restructuring process has picked up speed after five years of significant sales more

06.02.2014

Insurer Asirom will provide mandatory car insurance (RCA) for the 606-vehicle fleet of state-owned postal operator Posta Romana, for RON428,681, nearly 55% lower than the postal operator had more

05.27.2014

Vienna Insurance Group (VIG) reported a net profit of EUR611,000 in Romania in the first quarter of the year, from EUR5.3 million loss in the corresponding period a year earlier, the company said more

05.26.2014

The adopting of a draft law on setting up a body of technical experts for the evaluation of car damages might trigger the increase of the tarrifs for mandatory car insurance policies (RCA), and a more more

05.19.2014

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

05.14.2014

German insurance group Allianz Wednesday said it underwrote gross premiums on the general insurance segment of EUR58 million in Romania in the first quarter of 2014, up 5.5% from EUR55 million in the more

05.13.2014

Vienna Insurance Group's Romanian businesses will not join the country's Pool of Insurance against Natural Disasters (PAID), which sells mandatory home insurance, as long as its portfolio is more

05.13.2014

Vienna Insurance Group (VIG) expects its Romanian operations to turn a profit at the end of this year, following losses of EUR98.7 million in 2013, by adjusting its car insurance premiums to match more