16 sep 2014

Carpatica Asig, Euroins and City Insurance lead in the ranking of insurers banking on brokerages for the distribution of their policies, with around 90% of premiums being generated through this more

16 sep 2014

Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according to data more

8 sep 2014

Mures, Neamt, Bucharest and Valcea lead in the ranking of counties witnessing the fastest decline in loan overdue installments, with the volume of outstanding payments narrowing by at least 10% in more

5 sep 2014

Bucharest forex market, the biggest local market, in the first eight months of this year registered a deal volume worth EUR245 billion, the equivalent of a daily average of EUR1.53 billion, 7% below more

5 sep 2014

Gregor Aufhauser, the general manager of Societatea Companiilor Hoteliere (SCH) Grand, which manages Bucharest’s five-star hotel JW Marriott, says he’s carrying out the project for the more

3 sep 2014

Banks in Romania continued to reshuffle their territorial networks in the past year, but fewer units were closed down, a sign that bankers do not want to risk having too few units when lending starts more

29 aug 2014

Romanian currency-denominated consumer loans in July registered the first annual increase in the past five years, reaching RON23.5 billion, 0.1% above the level of the same period of 2013, according more

19 aug 2014

Austrian insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Viata in Romania, wants to put an end to its losses on the local market and decided to implement a set of harsh more

13 aug 2014

US MetLife, which owns insurer Metropolitan Life in Romania, will not give up its goal to become number one on this market, even though rival ING Asigurari has been clinging on to that position more

5 aug 2014

Banks, insurers and leasing companies held by foreign groups saw almost 900 million lei (EUR200 million) capital increases in the first half. The money was mostly used to offset losses in previous more

23 iul 2014

Insurance companies are paying 72% of a year’s gross written premiums to their customers in claim settlements, and their operating expenses amount to 42% of their revenue, which means revenue is 14% more

22 iul 2014

Austria’s insurer Vienna Insurance Group (VIG), which owns three companies in Romania, allegedly decided to embark upon a new merger on the Romanian market, namely between Asirom and Omniasig, which more

21 iul 2014

Most insurance companies in Romania in 2013 took the downsizing process imposed by the crisis further and closed down almost 150 units of their territorial network and 1,000 people left the market, more

8 iul 2014

Insurance brokers posted an aggregated net profit of 114 million lei (EUR26 million) last year, and the margins of the 15 largest of them ranged from as low as 3% to as much as 75% of the total more

1 iul 2014

Insurance companies ended last year with a loss about 450 million lei (EUR100 million), 40% higher than in 2012. This is the eighth year in the red for the Romanian insurance industry, according to more

27 iun 2014

Austrian insurer Vienna Insurance Group (VIG), the majority owner of Asirom, has decided to replace Mariana Diaconescu as chairperson of the managing board after three years on the job. The more

23 iun 2014

The national association of Romanian insurers UNSAR has celebrated 20 years since inception at the end of last week on a market that has seen major foreign companies leave and huge scandals resulting more

20 iun 2014

Insurance companies settled claims for moral damages and personal injury under auto liability policies (RCA) worth 134 million lei (EUR30.5 million) in the first three months of 2014, or 25% of the more

19 iun 2014

Fee income cashed in by brokers from insurance companies rose by 7.5% in the first quarter of this year, half the pace registered in the same period of last year, while the value of brokered policies more

18 iun 2014

Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to data more

17 iun 2014

Life insurers’ clients canceled policies worth 92 million lei (EUR21 million) in January-March 2014, down 21% from the same period in 2013, according to data provided by the Financial Supervisory more

16 iun 2014

Financial loss insurance and auto liability insurance were among the insurance classes to see the highest growth in the volume of gross written premiums in January-March compared with the year-ago more

12 iun 2014

Romania’s Financial Supervisory Authority (ASF) will further investigate the insurance market and will expand checkups at companies. For the fourth quarter, the institution is readying an audit of more

12 iun 2014

Second tier banks can very well survive without attaining significant market share because the crisis forced them to cut red tape, better assess risks and seek to specialize on a client niche. This more

11 iun 2014

Bankers are waiting to clean up their portfolios by removing fully provisioned non-performing loans from their balance sheets before boosting lending, but continue to complain about really weak demand more