03.29.2012

Romania could increase funds allotted to healthcare by improving service quality and doctors’ revenues, but would need an annual EUR700 million to double doctors’ salaries, Lucian Duta, head of more

03.28.2012

Life insurance companies lost several tens of thousands of accounts last year, as they were closed by customers who needed the money after seeing their income shrink because of the difficult economic more

03.27.2012

Sales of voluntary home insurance totaled 641 million lei (EUR147 million) in 2011, up 70% on the previous year, in addition to more than RON35 million from mandatory insurance, according to the data more

03.23.2012

Romanian insurance market regulator CSA wants to buy life insurance for its 178 employees, with benefits ranging between EUR25,000 and EUR200,000 per person, through a contract worth an estimated 27.7 more

03.08.2012

Romanian insurers Astra and Omniasig Vienna Insurance Group on Thursday filed bids to insure state-run airline Tarom’s fleet between May 1, 2012 and April 30, 2013, people close to the matter told more

03.08.2012

Insurance brokers in Romania brokered premiums of 3.1 billion lei (about EUR712 million) in 2011, down 3% on the year, whose weight in the overall insurance market increased to 39.05% from 38.53%, more

03.08.2012

Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40% growth, more

02.28.2012

Romania’s insurance market reached 7.95 billion lei (EUR1.8 billion) in 2011, down 4.3% on the year, on the backdrop of a 6.5% decrease in revenues from general insurance policies, to RON6.21 more

02.22.2012

Romanian state-run airline Tarom will organize an auction on March 8 to insure its fleet, and the new insurance contract will be valid for one year, starting May 1. more

02.21.2012

The shareholders of Romanian Pool of Insurance Against Natural Disasters (PAID) decided Tuesday to appoint Constantin Toma, former head of insurer Omniasig, and Alexander Adamescu, as members of more

02.17.2012

By the middle of this year, the Health Ministry will put up for public debate a new healthcare bill; as consultations with the public opinion are fully under way, so all options on the future more

01.30.2012

Romania’s life insurance market registered growth last year and will follow a similar trend in 2012, representatives of local insurers said Monday. more

01.30.2012

Romania’s insurance market will stagnate or register a slight growth this year, as it is still coping with the effects of the financial crisis of the past three years, Mariana Diaconescu, CEO of more

01.13.2012

Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sales of car more

01.12.2012

François Coste has been appointed to the position of general manager of Romanian insurer Groupama Asigurari to replace Sanda Nicoara, the insurer said in a press release Thursday. more

01.11.2012

The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill approved Wednesday by Romania's Government, which amends Law 503/2004 on the more

01.09.2012

The Romanian Defense Ministry will organize an auction on February 27 to buy life insurance for troops deployed overseas. more

01.03.2012

Of all the sectors in the economy, the healthcare sector is likely to be targeted by the most changes in 2012. The new health law, which will be debated over the course of this year, aims to more

12.30.2011

The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill put forward by the Romanian Finance Ministry. more

12.28.2011

Romanians who fail to pay their health insurance contribution will receive medical care only in emergency situations, in infectious disease cases and for illnesses included in the national more

12.21.2011

Romanian insurer AXA Life Insurance won in November an auction held by electricity distributor Electrica, for a 18.1 million lei (EUR4.23 million) health insurance contract. more

12.16.2011

Romania’s insurance regulator CSA on Friday started checkups at insurer Astra Asigurari after it received notifications regarding the Astra Medica Bonus insurance policy, CSA said in a press more

12.15.2011

Two Romanian associations, four insurers, several private healthcare operators and the Union of Insurance Brokers on Thursday signed a protocol to work together to enhance the country’s health more

12.14.2011

Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator CSA data. more

12.10.2011

Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past months, while more