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

11.20.2013

French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to withdraw more

11.20.2013

Gross underwritten premiums of the ten largest insurers in Romania stood at almost 5 billion lei (EUR1.12 billion) in January-September, a mere RON35 million more than in the year-ago period, more

11.18.2013

U.S. giant MetLife, which controls the third-largest insurance company in Romania, has completed the integration of British group Aviva's operations in Romania into its business and is now looking for more

11.12.2013

Austria’s Vienna Insurance Group (VIG) on Tuesday said its financial results for the third quarter of 2013 will be affected by difficult market conditions in Romania and Italy. more

11.06.2013

The Romanian Pool of Insurance against Natural Disasters (PAID) issued 107,000 mandatory home insurance policies in October and increased its portfolio to over 530,000 contracts, up 25% on the month. more

10.29.2013

The Romanian unit of Gras Savoye, one of the world’s largest insurance brokers, has appointed Anca Roscaneanu as general manager. more

10.29.2013

Insurance companies held by foreign groups received capital injections of EUR117 million since the beginning of this year, according to aggregate data from the Trade Registry. The bulk of the money is more

10.25.2013

Asirom, a top ten insurer, wants to balance its portfolio by growing less reliant on auto liability policies and emphasizing more profitable segments such as home or life insurance policies,” says more

10.24.2013

Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, said more

10.17.2013

Romania remains an important market for the Vienna Insurance Group (VIG) even though the local business has shrunk by one third during the crisis and the Romanian operations were the only ones to post more

10.15.2013

The Romanian Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance policies, might be listed on the stock exchange to increase its capitalization, Daniel Tudor, more

10.03.2013

Insurance brokers want to be able to sell other financial products, such as bank loans, in addition to insurance. A proposal to this effect is set to be finalized and to be sent to the Financial more

09.24.2013

Romania’s private health insurance market is growing quickly, but service healthcare providers estimate most of their business will still come from corporate subscribers in the coming years. 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

09.17.2013

Romania’s Financial Supervisory Authority, or ASF, withdrew, temporarily or permanently, the licenses of 21 insurance brokers in the first eight months of the year mainly because they breached more

09.13.2013

Romanians who obtain revenues from home rental will pay health insurance contributions of at most 611 lei (EUR136) per month in 2013, according to a bill drawn up by the Finance Ministry. more

09.13.2013

Romanian-held Astra leads the ranking of insurers that get the largest revenues from property policies, with gross underwritten premiums of 177 million lei (EUR40 million) in the first six months of more

09.10.2013

The Romanian Pool of Insurance Against Natural Disasters (PAID) issued nearly 105,000 mandatory home insurance policies in August, reaching a portfolio of 421,707 contracts, up 33.1% from July 31. more

08.29.2013

Austria’s Vienna Insurance Group (VIG) registered a decline in underwritten premiums and widening loss in Romania in the first half of 2013, the group said in a report Thursday. more

08.23.2013

E.ON Gaz Distributie, a Romanian unit of German utility E.ON, will organize an auction on September 12 to insure its 1,200 vehicles, and the value of the contract, to be valid for four years, is more

08.20.2013

Austria’s Vienna Insurance Group (VIG) said Tuesday it conducted a goodwill impairment test targeting its Romanian operations, which resulted in an impairment of EUR75 million on the general more

08.07.2013

Insurers that are not part of the Romanian Pool of Insurance Against Natural Disasters (PAID) will be allowed to sell mandatory home insurance policies under collaboration protocols with PAID, the more

07.23.2013

A Consumer Barometer survey by Google, TNS Infratest and IAB Europe shows that 22% of Romanians buy car insurance online, which is close to the European average of 26%. more

07.19.2013

Romania’s state-owned airline Tarom wants to allow any European insurance company in its fleet insurance auctions starting 2014 after local insurer Astra Asigurari was awarded the contract for the more