07.25.2012

Romanian insurers might be allowed to issue voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which range between EUR10,000 and EUR20,000 more

07.17.2012

Romania's insurance sector posted net losses of 329.7 million lei (EUR72.2 million) in 2011, up eight times compared with 2010, according to Finance Ministry data centralized by MEDIAFAX. more

07.16.2012

Romania's General Aviation Inspectorate will insure its helicopter fleet with Astra, Omniasig and Platinum Asigurari for 22.15 million lei (EUR4.9 million) over the next four years. more

07.13.2012

The basic package under Romania's new healthcare law will no longer cover minor illnesses, but mainly major risks and serious disease, and the system will receive extra funding from mandatory car more

07.11.2012

Romania’s insurance market regulator CSA will pay insurer Alico 27.7 million (EUR6.1 million) in the next five years to insure its staff, people familiar with the matter told Mediafax Wednesday. more

07.11.2012

Insurance giant Eureko plans to leave Romania early next year after having invested tens of millions of euros in its local subsidiary to offset its losses year after year, sources in the industry say. more

07.09.2012

Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that more

07.02.2012

Romania’s new healthcare bill allows county health insurance houses to reorganize as mutual health insurance organizations, Health Minister Vasile Cepoi said Monday. more

07.02.2012

Insurers and providers of private healthcare in Romania think that stipulating fully deductible private health insurance in the Tax Code is key to the continuation of reform in the healthcare system, more

06.19.2012

AXA Life Insurance Romania wants to double revenues from underwritten premiums this year to 49 million lei (EUR11 million), the insurer’s sales manager, Dan Buta, told a news conference Tuesday. more

06.19.2012

Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year in the red more

06.13.2012

The acquisition costs, reserves and damages paid by Romanian insurers that sell general insurance policies exceed revenues from underwritten premiums on this segment, Constantin Buzoianu, president of more

06.08.2012

Romanian insurers that cover natural disasters must hold reserves based on estimations regarding underwritten premiums on this segment and their reinsurance programs, according to norms drawn up by more

05.25.2012

Romanian Prime Minister Victor Ponta appointed Doru Badescu, general manager of Bucharest Emergency Hospital “Dimitrie Gerota”, to the position of president of the National Health Insurance House more

05.24.2012

The insurance market's balance and revenue stabilized at half a billion euros three months into the year, after three years of decline, the market's players will not say that the worst is behind them more

05.22.2012

Most Romanians (70%) are not willing to buy private health insurance, mainly because they lack money and confidence in the local healthcare system, according to an IMAS survey conducted at the request more

05.22.2012

This year will be difficult for the insurance market, with a slight growth in underwritings, said Mihai Tecau, CEO of Romanian insurer Omniasig (formerly BCR Asigurari). more

05.22.2012

Romania’s general and life insurance market increased 0.35% in the first quarter of the year, to 2.17 billion lei (EUR488 million), fueled by the general insurance segment which saw a 0.55% growth, more

05.16.2012

Romanian pensioners will be refunded their social healthcare contributions in monthly tranches and the social health insurance fund will lose over 1.5 billion lei (EUR337 million), according to a more

05.13.2012

Romania’s Government wants to recover the money allotted by the former administration to local authorities controlled by democrat liberals, and limit acquisition and travel costs to ensure the money more

04.30.2012

Generali, one of the world’s largest insurers, which owns a top ten company on the Romanian market, says the local insurance sector is not in a very comfortable situation right now because of the more

04.27.2012

The new strategy of Romania's Pool of Insurance Against Disasters (PAID) is to raise the premium for mandatory home insurance and allow only PAID shareholders to sell such policies. more

04.24.2012

Five of the top ten companies on the insurance market cut the number of employees by 8% last year, as the industry as a whole continued to restructure because of the significant business decline. more

04.23.2012

The Romanian Government is analyzing the situation generated by a decision of the Constitutional Court, whereby only Romanians earning pensions higher than 740 lei (EUR169) can be charged a 5.5% more

04.23.2012

MedLife, the largest private medical service operator on the local market, controlled by the Marcu family, is branching out into the private insurance market with MedLife Broker Asigurare Reasigurare. more