08.26.2011

Romanian insurers paid general insurance damage claims amounting to 2.13 billion lei (about EUR502,000 million) in the first half of the year, insurer regulator CSA said in a press release Friday. more

08.23.2011

Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts. more

08.17.2011

Romanian AXA Life Insurance (formerly Omniasig Life) underwrote premiums worth 10.96 million lei (EUR2.57 million) in the first half of this year, down almost 1% from June 2010, according to company more

08.05.2011

The share of insured homes in Romania has reached 45%, up about 5 percentage points compared to June 30, when it stood at 40.3%, insurance regulator CSA president Angela Toncescu said in a press more

07.28.2011

Companies affiliated to banks and to leasing companies control the insurance brokerage market, as access to an extensive territorial network and exclusivity over hundreds of thousands of leasing more

07.20.2011

Romanian insurance and brokerage companies employed a total 19,058 people at the end of last year, down 7.1% compared to the end of 2009, according to a report of the Romanian insurance regulator CSA, more

07.20.2011

The Romanian insurance industry lowered its net loss last year by nearly 60%, to 41.37 million lei (about EUR10 million), according to the annual report of the country’s insurance watchdog CSA, more

07.19.2011

Romanian insurer Aviva Asigurari de Viata's losses widened last year by 48%, to 19.91 million lei (EUR4.67 million), as it sold 80.3% fewer policies at 25,274 units, and underwritten premiums dropped more

07.13.2011

Romanian local authorities will be able to fine people without mandatory home insurance only starting with August 2012, according to Law 260/2008 as amended and republished, although the Interior more

07.13.2011

Romanian insurer PAID will collaborate with local authorities to sell mandatory home insurance policies, its estimates showing that 60% of the houses in the country, around five million, are not more

07.13.2011

After making acquisition after acquisition in recent years, so that it came to own four major Romanian brands it was feeling comfortable with, Austria’s Vienna Insurance Group (VIG) made the more

07.13.2011

Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimates more

07.05.2011

Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most. more

07.01.2011

Romania will see the biggest development of the insurance market among Eastern European countries in the next few years, considering the low share to GDP of the insurance market and the fact that the more

06.30.2011

Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei. more

06.28.2011

Around 750,000 car owners are preparing to renew next month the auto liability insurance policies (RCA) they signed for a six-month period during the winter campaign, so that many insurers are further more

06.24.2011

Axa Life Insurance, part of French group Axa, increased its share capital by 28.7 million lei (EUR6.8 million), to RON80.5 million, by cash contribution from shareholders, according to data published more

06.21.2011

The Parliament has a session scheduled for 4 pm today during which it will hear the future management of the Insurance Supervisory Commission (CSA), the institution regulating a EUR2 billion market. more

06.15.2011

Romanian life insurance companies’ share could go up to 22% of the total insurance market in 2011. This is still lower than in neighboring countries. more

06.13.2011

General insurers’ turnover is likely to slide by 5-10% this year, as April and May did not bring a sales rebound either, companies say. more

06.09.2011

Romania's private health insurance market could grow to EUR4-5 billion in a few years, from under EUR10 million at the moment, if authorities adopted the Dutch model, whereby almost the entire more

06.08.2011

With insurance policies starting from just EUR12 per year, Alico needs half a million clients so its portfolio will generate sufficiently high revenues. more

06.07.2011

The value of redeemed life insurance policies slid by only 2% in the first quarter compared with the same period of 2010, but they are still two to three-times higher than before the crisis. more

06.02.2011

The ten biggest general insurers transferred premiums worth 358 million lei (around EUR85 million) to reinsurers in the first quarter of 2011, up 56% from a year ago. more

05.26.2011

Several top insurers, including some European Union-based companies, want to enter the Romanian market enticed by the low penetration rate and the high growth potential, insurer regulator CSA more