26 iun 2023

The insurance market reached a volume of gross written premiums of RON4.74 billion in the first three months of 2023, an increase of only 2% compared with the same period last year, the Financial more

5 apr 2023

Poland’s Unilink is going to be taken over by global insurance and fintech broker Acrisure, meaning that after the deal Safety Broker, leader of Romania’s insurance brokerage market will belong to more

31 mar 2023

Patria Credit, a non-banking financial institution part of Patria Bank Group, in 2022 registered EUR1.55 million net profit and reported 22% portfolio expansion, to EUR32.5 million. more

2 mar 2023

Francois Coste, the chief executive officer of Groupama Asigurari, which became the insurance market leader in Romania shortly after former leader City Insurance went bankrupt, has received approval more

16 feb 2023

The general and life insurance market reached a gross written premium volume of RON16.5 billion, preliminary data show, which does not include the gross written premiums of those insurers operating in more

16 feb 2023

Building materials maker Cemacon Cluj, 95% controlled by Paval brothers via two investment vehicles, ended 2022 with net profit worth almost 70 million, up 27.3% from the net result of 2021, amid more

16 ian 2023

Eazy Asigurari, the first insurtech in Romania to recently receive the approval of the Financial Supervisory Authority (ASF), plans to invest EUR50 million over the next three years, with the main more

4 ian 2023

The health insurance market in Romania reached gross written premiums of RON509 million in the first nine months of 2022, an increase of 33% on the year-earlier period, Financial Supervisory more

9 dec 2022

Euroins Romania, leader of the local third-party motor vehicle insurance (RCA) market, is going ahead with another RON100 million capital raise planned for the company’s development and the strategy more

24 nov 2022

Uniqa Asigurari and Uniqa Asigurari de Viata, the Romanian companies of Austria’s Uniqa group, posted EUR83 million gross written premiums together in the first nine months of 2022, an increase of more

16 nov 2022

Omniasig, Asirom and BCR Asigurari de Viata, the companies Austria’s group Vienna Insurance Group (VIG) owns in Romania, ended the first nine months of 2022 with overall gross underwritten premiums more

3 nov 2022

Craiova can attract new investments in the automotive industry beyond the almost EUR500 million euros already announced by Ford Otosan after the takeover of the plant. more

17 oct 2022

Allianz-Tiriac, Romania’s second largest general and life insurer in line with the latest financial watchdog ASF data, estimates it will near the RON3 billion threshold in terms of underwritten more

8 sep 2022

Romanian wine producer Crama Liliac, owned by amb Wine Company, expects turnover to rise 10% this year, after 2021 was the best year for the company, bringing EUR1.7 million turnover, said Miron more

17 aug 2022

Euroins Romania, the largest insurance company on the local market after the collapse of City Insurance, ended 2021 with a loss of RON19 million and last year was its third in the red in a row, more

29 iun 2022

The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt collector more

24 iun 2022

Romania’s insurance market reached a volume of underwritten gross premiums of RON4.66 billion in the first three months of 2022, a record increase of 46% compared with the year-ago period, the more

6 apr 2022

EximAsig, the insurance-reinsurance company majority held by EximBank, ended 2021 with gross underwritten premiums worth RON29.9 million, while the number of insurance contracts doubled from 2020, in more

3 mar 2022

Uniqa Romania, made up of two companies belonging to Austria’s group Uniqa, wants to expand its business, with warranty insurance as a segment where the company wants to develop solutions, stated more

18 feb 2022

Debt collection firm Kruk Romania in 2021 bought over 60 portfolios, coming to manage more than 2 million Romanians in 15 years of activity, said Cosmina Marinescu, CEO of Kruk Romania. more

7 feb 2022

Francois Coste, CEO of Groupama Asigurari says he expects 2022 to be a year of sustainable growth for the company, as well as a year to strengthen the good results generated in 2021. The company will more

16 dec 2021

Metropolitan Life, the local subsidiary of Ireland’s Metlife Europe, ended the first nine months of 2021 with underwritten premiums worth RON389.5 million, 29% higher than in the same period of last more

13 dec 2021

The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by more

9 sep 2021

Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided the more

16 feb 2021

Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with slower more