05.12.2016

The volume of gross underwritten premiums rose 8.2%, the value of assets on the private pension market climbed 28.6% and the market capitalization grew 9% in 2015, according to a report of the more

04.25.2016

Romania’s Financial Supervisory Authority (ASF) on Monday said it ascertained a “series of aspects,” following a checkup at asset management company Certinvest, and obliged the firm to adopt a more

04.04.2016

Romania’s Financial Supervisory Authority (ASF) on Monday said it approved the takeover of general insurance company Credit Europe Asigurari – Reasigurari S.A. by Ergo Group, one of the largest more

02.10.2016

The Council of the Financial Supervisory Authority (ASF) has approved a draft norm which makes it easier for foreign insurance companies to tap the Romanian mandatory car insurance (RCA) policy more

02.05.2016

Romania’s Financial Supervisory Authority (ASF) on Friday said the local insurance market grew in 2015 for the first time after the financial crisis, registering an 8% increase, based on provisional more

02.02.2016

Insurance company Astra could have been saved from bankruptcy by implementing the resolution mechanism if there had been a law in this respect a year ago, because the Financial Supervisory Authority more

01.28.2016

Only 289 insurance brokers of the 552 operating on the Romanian market were meeting minimum capital requirements on January 27, while the operations of 85 companies are suspended or banned, according more

01.26.2016

The Executive Board of insurer Carpatica Asig, along with the guarantee fund of the insured (FGA), is authorized to complete the capital attraction procedure and the due diligence process, after the more

01.25.2016

Romania’s Financial Supervisory Authority ASF will apply resolution measures at insurance company Carpatica Asig in order to avoid any potential negative effects on the financial stability of the more

01.22.2016

Romania’s Financial Supervisory Authority ASF closed a contact with consulting firm Milliman, which will carry out an actuarial analysis of the tariffs asked by the nine insurance companies more

12.10.2015

Romania’s Financial Supervisory Authority (ASF) will cut certain taxes and quotas applied to private pension funds by 50% and by 20% for insurance companies, as of January 1, with an impact over ASF more

12.10.2015

Romania’s Financial Supervisory Authority (ASF) has urged some insurance companies to recalculate the tariffs for mandatory car insurance (RCA) premiums after having detected irregularities in the more

12.08.2015

Romania's financial regulator ASF said Tuesday that 10% of insurance brokers don’t meet minimum capital requirements, which will become mandatory at the end of December. more

11.27.2015

Romania’s Financial Supervisory Authority (ASF) said Friday that 562 companies were delisted after the disbandment of Bucharest Stock Exchange’s Rasdaq market, paying RON123.1 million to 4,419 more

11.25.2015

Romania’s Financial Supervisory (ASF) and the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) will set up four joint workgroups tasked with spotting the problems in each more

11.23.2015

Romanian insurers Signal Iduna, Forte Asigurari Reasigurari and Gothaer don't meet minimum capital requirements (MCR) and solvency capital requirements (SCR) under Solvency II standards, which become more

11.12.2015

Romania’s Financial Supervisory Authority (ASF) has approved the merger between voluntary pension funds (Pillar III) Eureko Confort and Aegon Esential, through the absorption of Eureko Confort, the more

10.26.2015

The shares of insurer Astra Asigurari (ATRA.RO), for which the Financial Supervisory Authority (ASF) asked for bankruptcy procedures, will be transferred from the Rasdaq on the AeRO market, in context more

10.15.2015

Romania’s Financial Supervisory Authority (ASF) decided to withdraw from trading, on October 27, over 300 companies listed on the Rasdaq market, because they failed to take the necessary measures more

10.14.2015

Romania’s Financial Supervisory Authority (ASF) on Wednesday decided to open financial recovery procedures for insurer Euroins Romania, in a move to improve the company’s financial situation, more

10.08.2015

The board of Romania's Financial Supervisory Authority (ASF) has approved the appointment of Hans-Peter Hagen, Chief Executive Officer of Austrian group Vienna Insurance Group (VIG), as Chairman of more

09.25.2015

Financial Regulatory Authority ASF plans to merge, in 2016, the Bucharest Stock Exchange (BVB) with Romania’s monetary and commodities exchange SIBEX and to introduce a system of facilities or more

09.21.2015

A number of 21 brokerage companies of all authorized 28 switched on losses in 2015, compared with 16 companies end-2014, on the backdrop of a reduced activity on the Bucharest Stock Exchange, more

09.14.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

09.03.2015

Romania's Financial Supervisory Authority (ASF) received and solved a total 5,100 complaints over insurance companies in the first half of the year, 13.4% less than 5,889 complaints in the same period more