08.03.2016

Romanian insurance market rose over 9% on the year in January-March, to RON2.4 billion, according to official data provided by the Financial Supervisory Authority (ASF). more

07.24.2016

Romania’s insurance market posted net loss of over RON3 billion (EUR700 million) between 2006 and 2016, considering that it ended 2015 with a loss of RON267 million (EUR60 million), according to more

07.21.2016

Insurance company City Insurance, owned by businessman Dan Odobescu, needs a EUR30 million share capital increase to exit the financial recovery procedure, according to the plan approved by more

06.29.2016

Britain's leaving the European Union has no direct impact on the Romanian insurance market, Cornel Coca Constantinescu, vice-president of the Insurance Supervisory Authority (ASF), said Wednesday. more

06.14.2016

Approximately 10% of the turnover of Marsh Romania, the largest corporate insurance broker on the local market, is generated by brokering health insurance, according to data provided by the company. more

05.29.2016

The health insurance segment has been more and more dynamic lately, as the number of Romanians closing such policies is on the rise, which was also supported by the strategies on portfolio more

05.26.2016

NN Romania ended the first quarter of 2016 with a 2.6% increase in gross underwritten premiums, to RON157.4 million, compared with same period a year ago, with the average premium reaching nearly more

05.17.2016

Romania’s insurance market must grow and develop in a sustainable way, on the long term, and any artificial or manipulated growth must be avoided, Misu Negritoiu, head of the Insurance Supervisory more

05.16.2016

Insurance company Allianz-Ţiriac Asigurari registered total underwritings of RON299 million in January-March 2016, up 9% on the year, while its consolidated operating profit rose to RON26 million, more

04.08.2016

Insurance company Groupama Asigurari on Friday said it paid damage claims of nearly EUR100 million in 2015 on the non-life insurance segment, and 68% of the amount targeted legal entities. more

04.05.2016

Romanian insurance broker Safety Broker on Tuesday said it brokered gross premiums of over RON123 million in the first quarter of 2016, up 42.9% on the year, and one of this year’s target is to more

04.01.2016

Life insurer NN Asigurari de Viata announced it will enter the health insurance segment on April 7, on World Health Day. more

03.17.2016

Netherland-based International Insurance Consortium has reached an agreement with the owners of insurance company Carpatica Asig, for which the Financial Supervisory Authority ASF decided to apply more

03.09.2016

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03.04.2016

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02.26.2016

Insurance companies in Romania kept home insurance tariffs unchanged in 2015, due to fierce competition on this market segment, according to Ziarul Financiar. more

02.15.2016

Romanian brokerage house SSIF Broker (BRK.RO) is starting Monday to provide insurance brokerage services, as brokerage assistant of Confident Broker de Asigurare, in which it holds a majority stake more

02.05.2016

Romania’s Financial Supervisory Authority (ASF) on Friday said the local insurance market grew in 2015 for the first time after the financial crisis, registering an 8% increase, based on provisional more

01.18.2016

Grawe Romania will enter the auto insurance market in 2016, in line with Austrian group Grawe’ general strategy to include auto insurance in the portfolio of member companies. more

01.11.2016

The number of large companies switching from clinic memberships to private medical insurance for their employees increased last year and the upward trend might continue in 2016, as well, following the more

01.08.2016

Almost one third of the 450 insurance brokers operating in Romania will have to close up shop this year due the stricter capital requirements of the Financial Supervisory Authority, according to more

12.28.2015

2015 was the most challenging year of the insurance industry, marked by Astra’s bankruptcy, stress tests and legislative changes. more

12.18.2015

The Ciolos Cabinet on Thursday was put through one of the most difficult tests since it took office, the transporters’ protests against the rise in auto liability insurance (RCA) prices for trucks. more

12.10.2015

Romania’s insurance market saw a 7.4% increase in gross underwritten premiums in January-September 2015, to RON6.33 billion, of which general insurance represent nearly RON5 billion, up 6.9% on the more

12.09.2015

Grawe, a medium-sized insurer in Romania, intends to enter the comprehensive auto insurance market next year and will apply for a license to do it by the end of December, chief executive officer Paul more