11.24.2014

Romania’s private healthcare operator MedLife gave up Vital retail insurance developed jointly with Generali insurer, but announced it planned to launch two new products by yearend. more

11.13.2014

Insurers Asirom, Groupama, Omniasig and Asito Kapital have submitted bids to provide voluntary health insurance to the nearly 6,400 employees of state-owned gas producer Romgaz Medias. more

10.29.2014

The Romanian state-owned postal operator's insurance brokerage division, Posta Romana Broker de Asigurare, plans to become the biggest player on the market in the next year and estimates its revenues more

10.09.2014

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

10.01.2014

There should be more companies providing medical insurance, so the healthcare sector would get more money, Vasile Ciurchea, chairman of the National Health Insurance House (CNAS) said at the ZF Pharma more

09.19.2014

Health insurance, which has lagged behind on the private healthcare market, had a strong start to the year in 2014, as companies with over 54,000 employees signed contracts with insurance companies. more

09.16.2014

Omniasig, the third largest insurer in Romania, and the local subsidiary of Germany's Signal Iduna will issue an employee benefits-type health insurance policy for the almost 20,000 employees of the more

09.16.2014

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

09.16.2014

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

09.11.2014

Insurers in Romania underwrote premiums of RON3.97 billion on the general and life insurance segments in the half of 2014, down 6.8% on the year, and paid damage claims of RON2.47 billion, down 1.6% more

09.10.2014

Romania’s Financial Supervisory Authority (ASF) has granted license to Posta Romania Broker de Asigurare allowing it to start operating on the market, representatives of state-run postal company more

08.26.2014

Vienna Insurance Group (VIG) reported a profit before taxes of EUR1 million in Romania in the first six months, from EUR17.9 million loss in the corresponding period a year earlier, the company said more

08.13.2014

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

08.12.2014

Romania’s Financial Supervisory Authority (ASF) has approved the launch of the Asset Quality Review (AQR) project aimed at evaluating the quality of assets and liabilities of the main insurance more

08.04.2014

Astra Asigurari and Gothaer Romania have submitted bids to insure the fleet of Romanian state-owned airline Tarom between September 1, 2014 and August 30, 2015, sources with the airline told MEDIAFAX. more

07.30.2014

Insurers that issue mandatory civil liability car insurance (RCA policies) will have to meet a certain level of solvency for their general insurance activity and will be forced to list brokerage more

07.23.2014

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

07.22.2014

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

07.21.2014

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

07.08.2014

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

07.03.2014

The Romanian insurance market declined 2.38% in January-April, reaching underwritings of RON2.699 billion (RON600 million), on the backdrop of a 0.97% drop in general insurance to RON2.18 billion and more

07.01.2014

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

06.23.2014

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

06.20.2014

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

06.18.2014

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