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

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

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

06.15.2011

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

06.08.2011

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

05.25.2011

Life insurance is an “exotic realm” for Romanians due to their low income and job insecurity, although people realize the importance of this type of insurance and of saving money for retirement, more

04.28.2011

Romania’s life insurance market could grow as much as 5% this year, after a 2.3% increase in 2010, as insurers join efforts to educate clients and create new products and services adapted to more