01.28.2013

Romania’s life insurance market is seen flat or up a mere 2% in 2013, mainly depending on the quality and performance of insurers' sales teams. more

01.28.2013

Romania’s general and life insurance market will see no major changes in 2013 and it is expected to grow by 3% to 5% backed by higher tariffs at mandatory car insurance (RCA) policies and stronger more

01.25.2013

Romanian state-owned natural gas transporter Transgaz (TGN.RO) will organize an auction in the first half of February to buy a civil liability insurance policy targeting the company’s management more

01.24.2013

Austria’s Vienna Insurance Group (VIG) said Thursday it underwrote gross premiums of EUR459.1 million in Romania in 2012, down 10.1% on the year due to harsh market conditions and a fierce more

01.23.2013

Insurers in Romania will rethink mandatory car insurance (RCA) policy prices so as to make sure that revenues estimated for an interval of 12 months will cover risks, costs and their profit margin, more

01.16.2013

Only 20% of Romanians can afford to use private medical services and the chances of people on low income to receive quality public healthcare will diminish if money from the National Health Insurance more

01.15.2013

With state-run hospitals losing patients, doctors and nurses to the private sector, the health minister has decided to suspend state financing to the private sector. But in the absence of competition, more

01.10.2013

The insurance industry could grow this year but do it at a slow pace, as few insurers see double-digit growth. Most of them, however, do expect growth to return to this market in 2013 after the more

12.24.2012

Greek group Piraeus, which took over the Romanian operations of ATE Bank (Greece’s Agricultural Bank), intends to sell the Romanian-based insurance firm affiliated to ATE Insurance Romania, 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

12.05.2012

Only three million Romanians or about 15% of the total population had a life or health insurance policy at the end of last year. In comparison, one quarter of the people in Hungary, and almost half of more

12.04.2012

The average annualized premium on the mandatory car insurance (RCA) segment stood at 455 lei (EUR100) in the first nine months of 2012, down 4% from RON472 in the same interval a year ago, according more

11.29.2012

Only 15% of the Romanian population has a personal life, accident, health or private pension insurance, compared with an average of 26% in the Central and Eastern Europe, a survey of research company more

11.28.2012

The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 3.2 billion lei (EUR710 million) general insurance claims in the first nine months, up 12% on the more

11.27.2012

The guarantee fund of Romanian insurance market regulator CSA will pay damages capped at EUR1 billion in case of major natural disasters if the companies that issued property insurance policies lack more

11.27.2012

Prices of premium on mandatory car insurance (RCA) are set exclusively by insurers, the Romanian insurance watchdog CSA said Tuesday. more

11.27.2012

The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) ceded premiums of 1.1 billion lei (EUR0.24 billion) to reinsurers in January-September, up 20% on the year. more

11.23.2012

Romanian insurance companies will rethink mandatory car insurance policy (RCA) premiums to make sure that revenues estimated for an interval of 12 months will cover both risks and insurers' profit 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

11.20.2012

Foreign-held banks and insurance companies received more than EUR550 million in capital injections this year to offset the huge losses and meet the solvency requirements of the central bank and the more

11.01.2012

Europe’s largest insurer Axa will continue investments in Romania, but at a slower pace because of worse than expected economic conditions, said Violeta Ciurel, chief executive of AXA Asigurari 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

10.25.2012

Romanian homeowners may insure their homes against earthquakes, landslides and floods either through voluntary or through mandatory home insurance policies, according to new insurance market more

10.23.2012

Romania’s Parliament on Tuesday appointed Daniel Tudor to the position of president of insurance market regulator CSA. more