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

07.17.2013

Former insurance market regulator CSA, whose duties have been taken over this year by the Financial Supervisory Authority, registered loss of 15 million lei (EUR3.4 million) last year, down 21% from more

07.14.2013

Romania’s Government will notify anticorruption prosecutors of irregularities in awarding the contract for national healthcare cards by former National Health Insurance House (CNAS) president Lucian more

07.12.2013

Insurer Asirom VIG will insure the fleet of Bucharest’s public transport authority RATB for 2.74 million (EUR0.62 million) and the mandatory car insurance (RCA) contract is valid for one year. more

06.27.2013

Romania is working to implement the EU directive allowing cross-border medical services under national health insurance and authorities hope to avoid an exodus of Romanians choosing treatment abroad. more

06.18.2013

The Romanian insurance industry posted loss for the eighth year in a row in 2012, registering a net loss of RON321.6 million, down 1.3% from 2011, according to Trade Registry data. more

06.07.2013

City Insurance has increased its share capital by 29.03 million lei (EUR6.37 million) to RON75.88 million, by including last year’s net profit, the insurer said Friday. more

06.06.2013

Six of the nine largest general insurers reported higher gross written premiums in the first quarter of the year, while the other three recorded double-digit business declines. more

05.22.2013

Romanian insurers paid damages of 1.3 billion lei (EUR0.3 billion) in the first quarter of 2012, up 3.12% on the year, while underwritten premiums dropped 1.8% to RON2.13 billion, according to the more

05.21.2013

Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) rose 2% in the first quarter of 2013 to 1.94 billion lei (EUR0.44 billion), more

05.15.2013

Romanian power grid operator Transelectrica (TEL.RO) will set up an auction, at the end of June, in order to contract private health insurance services for its employees. more

04.22.2013

Insurer Astra held by businessman Dan Adamescu posted net profit of 6.7 million lei (EUR1.53 million) in 2012, down from RON81 million in 2011 because of the significant decline in revenue from more

04.11.2013

Foreign insurers brought EUR450 million to the capital of Romanian subsidiaries since the beginning of the economic crisis in order to cover ‘loopholes’ of over half a billion euros triggered by more

04.10.2013

Damages paid by insurers selling private health insurance policies amount to 90% of underwritten premiums on this segment, while administration expenses reach 5-6%, which explains why only a few more

04.10.2013

Price-based strategies promoted by insurance companies in Romania will fail considering that indemnities paid by insurers exceed underwritten premiums, Dan Constantinescu, representative of insurance more

04.04.2013

Romanian insurer Astra Asigurari said Thursday it will insure the fleet of Berlin-based airline Germania Fluggesellschaft and the contract is valid until April 2014. more

04.04.2013

Early redemptions of life insurance policies reached record highs in 2012, as need for cash stayed high. more

04.03.2013

Romanian state-owned airline Tarom wants to insure its fleet for some $2.4 million, according to a notice of intent issued by the company. more

04.02.2013

The number of companies faced with a shortage of cash is on the rise and so is the number of those filing for insolvency. As a result, now is one of the best moments to sell commercial credit more

03.21.2013

The share of insurance premiums brokered by brokerage firms will exceed 50% of total underwritten premiums by 2014, as brokers have expanded networks and increased the quality of services, Bogdan more

03.13.2013

Over 80% of Romanians know very little about the advantages of mandatory health insurance and over 30% of them have no idea how much they pay for this type of insurance, according to a survey by Exact more

03.01.2013

Romanian businessman Dan Odobescu has acquired an 85.2% stake in insurer City Insurance through his company Vivendi International SRL. 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

02.25.2013

AXA Life Insurance Romania’s revenues from underwritten premiums increased 31% last year, from 24.8 million lei (EUR5.6 million) in 2011, according to insurance market regulator CSA. 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