12.08.2015

Romania's financial regulator ASF said Tuesday that 10% of insurance brokers don’t meet minimum capital requirements, which will become mandatory at the end of December. more

12.07.2015

Ergo, one of the leading insurers in Germany, is in advanced talks to buy the local insurance unit of Turkey’s Credit Europe, insurance industry sources told ZF. more

11.10.2015

The local insurance market is going through a cleanup and transformation process but what will come next will be a more painful time, because the insurers that will remain will have to swallow the more

11.03.2015

Corsar Online, the operator of cel.ro, the second largest online computer and electronics retailer in Romania, posted growth of 25% in revenue in January-September and expects it to continue until the more

09.24.2015

While medical service operators are optimistic about the market and even considering expanding abroad, distributors and retail pharmacy chains are not. more

08.31.2015

The two Romanian subsidiaries of Austrian-held group Uniqa posted losses of EUR2.7 million in the first semester, lower compared with EUR3.7 million losses during the same period a year before, more

08.20.2015

Macro-economic conditions and low interest rates are the biggest risks facing insurance companies in Central and Eastern Europe (CEE), according to the "Insurance Banana Skins 2015" survey. more

08.19.2015

The board of the Financial Supervisory Authority designated Carmen Daniela Radu Wednesday to head the board of the insurance guarantee fund, set up in July. more

08.12.2015

Greek-owned lender Piraeus Bank announced Monday it sold its 5% stake in insurance broker Piraeus Broker (PIRBR) to two Greek businessmen. more

08.05.2015

Development by franchising, which is less costly than opening their own offices, has allowed insurance brokers to cover the entire country and eventually handle almost two thirds of the gross written more

07.20.2015

Romania’s insurers are targeting the health insurance policies segment, on the backdrop of higher deduction threshold as of 2016. They forecast an annual growth of underwritten premiums by 20%-25%, more

07.16.2015

Insurers Axa, Astra, EximAsig, Euroins and Carpatica don't meet minimum capital requirements under Solvency II standards, which become mandatory as of January 1, 2016, Romania's financial regulator more

07.14.2015

The lending revival will boost the life insurance market in 2015, which will be the only source of growth of underwritings on this segment, according to Emilia Bunea, CEO with Metropolitan Life. more

07.09.2015

Misu Negritoiu, head of Financial Supervisory Authority (ASF), confirmed Thursday that ASF will announce next week the results of the first stage of insurers’ examination, which is aimed at building more

07.09.2015

Romania’s Financial Supervisory Authority (ASF) set off a massive reconstruction process of the insurance market in order to lay the basis for sustainable growth and bring the local insurance market more

06.29.2015

Romanian companies underwrote health insurance premiums of 22 million lei in the first quarter, up 25% compared with the same period a year before, according to data of Financial Supervision Authority more

06.25.2015

The Tax Code approved by the Parliament stipulates the VAT cut to 19%, the scrapping of special constructions tax and the fuel excise duty and not the lowering of social insurance tax rates and the more

05.28.2015

Romania’s life and non-life (general) insurance underwritten premiums reached RON1.97 billion (EUR450 million) in January-March, up 7.39% from RON1.84 billion in the same period a year earlier, more

04.28.2015

Financial Supervisory Authority (ASF) will carry out stress tests for the rest of 15% of the companies on the insurance market in the second half of the year, after completing the testing of the first more

04.02.2015

The Bucharest public transport company RATB wants to insure its fleet of buses, trolleybuses and tramways for some RON5.7 million. more

03.16.2015

Insurance brokerages in 2014 brokered premiums worth 4.56 billion lei, up 16.3% from 2013, accounting for over 56% of the total gross premiums underwritten on the insurance market, according to more

03.12.2015

Romania’s life and non-life (general) insurance underwritten premiums reached RON8.09 billion (EUR1.83 billion) in 2014, down 0.34% on the year, according to data provided by the Financial more

03.12.2015

Wargha Enayati, founder of private healthcare provider Regina Maria, a major player on this market, estimates the Romanian healthcare subscription market reached 600,000 units, but its potential is more

03.11.2015

The insurance market needs a capital inflow of one billion lei (EUR225 million) this year, inclusively for the capital increases at Astra and Carpatica Asig, after RON600 million were injected in more

03.04.2015

Companies with almost 53,000 employees, led by Dacia and Petrom, Romania’s biggest businesses, have switched to private health insurance over the past year and other companies are also mulling this more