18 mai 2023

Revolut, the fintech that operates as a bank on the basis of a European banking license for the time being, is set to open a branch in Romania in the first quarter of 2024, joining the other 32 banks more

4 mai 2023

Romania’s insurance market reached a gross underwritten premium volume of RON16.5 billion at the end of 2022, up 16% from 2021, with general insurance weighing 84%, meaning an underwritten premium more

10 mar 2023

Bulgaria’s Eurohold Group has recently consolidated the financial position of insurer Euroins Romania, which now has a solvency capital requirement (SCR) ratio of 160% and a minimum capital more

1 mar 2023

Uniqa Asigurari and Uniqa Asigurari de Viata, companies operating in Romania under the umbrella of Austrian group Uniqa, reached an overall volume of underwritten premiums of EUR108.6 million at more

8 feb 2023

Romania’s Financial Supervisory Authority (ASF) has approved the acquisition plan of European Bank for Reconstruction and Development (EBRD), which will get an indirect qualifying holding in more

3 feb 2023

The insurance brokerage market recorded a 23% increase in revenue from insurance distribution to over RON1.48 billion at the end of the first nine months of 2022, about RON1.35 billion of which were more

16 ian 2023

Metropolitan Life expects sustainable growth in 2023 as well, after the company has maintained a steady two-digit increase in recent years, Carmina Dragomir, CEO of Metropolitan Life, the second more

14 dec 2022

Health insurance provider Signal Iduna plans to increase its revenues by over 15% in 2023, with efforts largely to focus on integrating the two companies it has acquired, namely Erdo Asigurari and more

14 nov 2022

Banca Transilvania, the largest bank in Romania by assets, at the end of the first nine months of 2022 generated RON1.44 billion net profit, slightly down by 2% from the record-high gain posted in the more

2 sep 2022

Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), reached underwritten premiums worth above RON1 billion in the first half of this year, 45% more than in the same period of more

24 aug 2022

Euroins Romania, the largest insurer in the country after the bankruptcy of City Insurance, is taking tentative steps in the non-auto liability insurance (RCA) area, posting significant increases in more

6 iul 2022

Safety Broker remained the leading general insurance broker with a gross written premium volume of RON293 million and 9.6% market share in the first quarter, the Financial Supervisory Authority (ASF) more

1 iun 2022

BCR Asigurari de Viata, part of Austria’s Vienna Insurance Group (VIG), ended 2021 with RON30.7 million profit, an increase of 2.7% on 2020 and intends to disburse RON24.8 million dividends from it, more

23 mai 2022

Omniasig, the biggest company part of Austria’s Vienna Insurance Group (VIG), in the first three months of 2022 posted a gross underwritten premium volume of over RON500 million, 40% more than in more

13 apr 2022

Romania’s health insurance market reached RON497 million gross written premiums at the end of 2021, an increase of 10% on 2020. more

8 apr 2022

Euroins Romania is the new leader of the local insurance market, with over RON2.19 billion gross underwritten premiums at end-2021, up 67.4% from 2020, equaling a 15.4% market share, in line with more

18 mar 2022

Patria Credit, a non-banking financial institution part of Patria Bank Group, in 2021 posted EUR1.59 million net profit, up 42% from 2020, while its loan portfolio expanded by 32%, to EUR26.6 million. more

4 mar 2022

OTP Bank Romania ended 2021 with RON58 million net profit, more than double the net profit of 2020. Operating profit shrank by 24% to RON123 million in 2021 compared with 2020, OTP Bank Romania more

9 feb 2022

Gothaer Asigurari has started the necessary steps to align with Allianz-Tiriac's operations. Ciprian Pop, Gothaer's new CEO recently approved by the Romania’s Financial Supervisory Authority (ASF), more

28 dec 2021

Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said. more

22 dec 2021

Asirom, the second biggest insurer in Romania and part of Austria’s group Vienna Insurance Group (VIG), forecast a volume of gross underwritten premiums of around RON760 million at the end of 2021, more

8 dec 2021

Safety Broker, leader of Romania’s insurance brokerage market, is readying a strategy envisaging the acquisition of some brokers on the market after getting the greenlight from the Competition more

6 dec 2021

Groupama Asigurari, the Romanian subsidiary of the French group of the same name, saw the volume of gross underwritten premiums go up by 15% in the first nine months of this year, to around RON870 more

6 dec 2021

Safety Broker, Romania’s biggest insurance broker, was sold to Poland's Unilink, the biggest insurance brokerage group in Central and Eastern Europe (CEE).. more

24 nov 2021

Allianz-Tiriac, an insurance company part of Germany’s Allianz group, has received approval from both the Competition Council and the Financial Supervisory Authority (ASF) for the acquisition of a more