7 sep 2015

Romanian insurance companies are no longer willing to cover drought-related damaged mainly due to the catastrophic nature of the phenomenon, the large affected areas, the high probability to take more

3 sep 2015

Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared with RON20 more

1 sep 2015

Insurer Gothaer Asigurari Reasigurari, part of German group Gothaer, increased its share capital by 17.4 million lei (nearly EUR4 million) in July, according to Trade Registry’s data. more

31 aug 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

26 aug 2015

Austria’s Vienna Insurance Group (VIG) constantly optimizes costs and processes at the three insurers – Omniasig, Asirom and BCR Viata, it owns in Romania, which makes the group’s chief more

21 aug 2015

Stockholders with insurers Euroins, Asirom, Carpatica and EximAsig are deemed to make a capital injection of 365 million lei (EUR82 million) by yearend, as a result of the Financial Supervisory more

10 aug 2015

Christian Brandstetter stepped down as president of Asirom’s Board of Directors, after only three months, according to sources on the insurance market. more

5 aug 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

22 iul 2015

Romanian capital city Bucharest generated half of insurance companies underwritten premiums, worth 4 billion lei (nearly EUR890 million) in 2014, while the country’s most important countries account more

20 iul 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

16 iul 2015

Insurer Allianz-Tiriac named Dana Lemnaru as human resources manager, replacing Adina Tudor. more

15 iul 2015

Romanian insurer Asirom, owned by Austria’s Vienna Insurance Group (VIG), named Ovidiu Racoveanu as head of the life insurance underwriting department. more

14 iul 2015

Insurer Allianz-Tiriac posted assets worth 2.3 billion lei (nearly EUR515 million) in 2014, up 13% compared with 2013, fueled by the growth of financial investments and intangible assets, the company more

9 iul 2015

NN Asigurări de Viata (formerly ING Asigurări de Viata) is looking for new growth opportunities such as health insurances policies in 2016, after touching a 37% market share on the life insurance more

1 iul 2015

The tenth anniversary of the hard leu, which no one had thought would live more than seven to ten years in 2005 (expectation at the time was that the shift to the euro would happen soon after the EU more

30 iun 2015

Insurance company Omniasig, owned by Austria's Vienna Insurance Group (VIG), underwrote gross premiums of 238 million lei (EUR54 million) in January to March, up 24% compared with the same period a more

29 iun 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

10 iun 2015

Boosting the loan volume is not a goal in itself for banks, the important thing is the direction where the new lending is headed, which is showing the first signs that demand from customers is more

9 iun 2015

Banks will have to get used to narrow interest spreads, now that loans have become significantly cheaper, which means they will have to do something about costs and one of the main solutions to adjust more

17 oct 2014

Banks have 530 million lei (EUR120 million) worth of non-performing credit card loans in their portfolios, many of which sold as an option to consumer loans, reveals the annual financial stability more

13 oct 2014

Non-bank financial institutions (NBFI), a segment that includes consumer finance and leasing companies, posted about 300 million lei (EUR68 million) aggregate profit in the first half, double the more

9 oct 2014

Companies keep 84 billion lei (EUR19 billion) in banks, having increased their deposits by 8% in the past year, even though interest rates are below 2%, which clearly shows how little appetite they more

9 oct 2014

AXA Asigurari, the local subsidiary of French group AXA, raised its capital by EUR1.1 million in August, with total capital injections by the French group reaching some EUR3 million in 2014, according more

29 sep 2014

Four local insurance companies got to hold a position among the region’s biggest 50 insurers by 2013 underwritings, but only one managed to climb one spot against the previous year, according to a more

18 sep 2014

On an insurance market that is unable to recover from the crisis, having dropped 7% in the first half, four large companies have replaced their chiefs this year while others have made changes to their more