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

01.13.2015

The portfolio of the Romanian Pool of Insurance against Natural Disasters (PAID) doubled on the year in 2014, to 1.49 million mandatory home insurance policies, but declined from a peak of 1.57 more

01.09.2015

Insurance company Omniasig VIG has been awarded two contracts worth RON2.3 million whereby it will provide asset and civil liability insurance to Bucharest’s Henri Coanda and Baneasa Aurel Vlaicu more

12.09.2014

Nearly two thirds of Romanians have at least one insurance policy, most of which are mandatory car insurance (RCA), home insurance and private pensions, according to a survey conducted by Exact more

12.08.2014

Certinvest, the largest independent mutual fund manager in Romania, wants to buy AXA Asigurari, the local subsidiary of French giant AXA, according to market sources, after the deal for latter’s more

11.28.2014

The two local subsidiaries of the Austrian-held insurer Uniqa ended the first nine months with about EUR73 million gross written premiums, down 28% on the year-ago period, as a result of the auto 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

11.24.2014

Romania’s private healthcare operator MedLife gave up Vital retail insurance developed jointly with Generali insurer, but announced it planned to launch two new products by yearend. more

11.13.2014

Insurers Asirom, Groupama, Omniasig and Asito Kapital have submitted bids to provide voluntary health insurance to the nearly 6,400 employees of state-owned gas producer Romgaz Medias. more

10.29.2014

The Romanian state-owned postal operator's insurance brokerage division, Posta Romana Broker de Asigurare, plans to become the biggest player on the market in the next year and estimates its revenues more

10.09.2014

AXA Asigurari, the local subsidiary of French group AXA, raised its capital by EUR1.1 million in August, with total capital injections by the French group reaching some EUR3 million in 2014, according more

10.01.2014

There should be more companies providing medical insurance, so the healthcare sector would get more money, Vasile Ciurchea, chairman of the National Health Insurance House (CNAS) said at the ZF Pharma more

09.19.2014

Health insurance, which has lagged behind on the private healthcare market, had a strong start to the year in 2014, as companies with over 54,000 employees signed contracts with insurance companies. more

09.16.2014

Omniasig, the third largest insurer in Romania, and the local subsidiary of Germany's Signal Iduna will issue an employee benefits-type health insurance policy for the almost 20,000 employees of the more

09.16.2014

Carpatica Asig, Euroins and City Insurance lead in the ranking of insurers banking on brokerages for the distribution of their policies, with around 90% of premiums being generated through this more

09.16.2014

Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according to data 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

09.10.2014

Romania’s Financial Supervisory Authority (ASF) has granted license to Posta Romania Broker de Asigurare allowing it to start operating on the market, representatives of state-run postal company more

08.26.2014

Vienna Insurance Group (VIG) reported a profit before taxes of EUR1 million in Romania in the first six months, from EUR17.9 million loss in the corresponding period a year earlier, the company said 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

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