02.28.2014

French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report reveals. It more

02.27.2014

German insurance group Allianz Thursday said it underwrote gross premiums on the general insurance segment of EUR209 million in Romania in 2013, up 2.4% from EUR204 million in 2012. more

01.30.2014

Insurance companies in Romania underwrote premiums of 8.24 billion (EUR1.82 billion) in 2013, according to provisional data, which is close to RON8.26 billion registered in 2012. more

01.28.2014

Romania’s antitrust watchdog has started an investigation into the local car insurance market. more

01.27.2014

Romania’s general insurance market is expected to face another rough year in 2014, just like in 2013, and the evolution of underwritten premiums is envisaged between -2% and +3%, representatives of more

01.27.2014

Romania’s life insurance underwritten premiums are expected to stagnate or grow by up to 5% in 2014, considering that the revenues of companies operating this segment fell 8% to 1.52 billion lei more

01.24.2014

The Romanian units of French carmaker Renault and hypermarket chain Auchan, which have 27,000 employees between them, signed contracts early this year that introduced medical insurance from private more

01.20.2014

The portfolio of the Romanian Pool of Insurance against Natural Disasters (PAID) rose by 120% last year, from 330,103 to over 727,000 contracts, after it closed partnerships with 20 insurers. more

01.13.2014

AXA Life Insurance will provide voluntary health insurance to employees of power grid Transelectrica until October 2016 under a RON6.99 million contract, according to public procurement website more

12.30.2013

The Romanian insurance market will have another difficult year, as chances for growth to resume are slim and sales of policies will most likely be flat in 2014, most insurance company officials say. more

12.23.2013

Insurance companies in Romania issued policies worth 6.8 billion lei (EUR1.5 billion) between January and October 2013, flat from the same period a year ago, according to the country's Financial more

12.20.2013

The institutions in charge of pensions, health insurance and highways, which have total budgets of over EUR17 billion, are run by three executives who have been politically appointed by ruling more

12.16.2013

French-held insurer Groupama has invested some EUR700 million on the insurance market in Romania since 2007 and most of the money went towards buying insurers Asiban and BT Asigurari, said Francois more

11.28.2013

Vienna Insurance Group underwrote premiums of EUR274.6 million in Romania in January-September, down 19.3%, while the group’s loss widened nearly four times to EUR36.1 million, driven by car more

11.21.2013

Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 16% to 1.756 billion lei (EUR0.3 billion) in the first nine months of 2013, largely due to higher tariffs charged by more

11.20.2013

Romania’s insurance market stood at 6.1 billion lei (EUR1.37 billion) in the first nine months of 2013, steady on the year, while damages paid by insurers fell 2.44% to RON3.69 billion, according to more

11.20.2013

French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to withdraw more

11.20.2013

Gross underwritten premiums of the ten largest insurers in Romania stood at almost 5 billion lei (EUR1.12 billion) in January-September, a mere RON35 million more than in the year-ago period, more

11.18.2013

U.S. giant MetLife, which controls the third-largest insurance company in Romania, has completed the integration of British group Aviva's operations in Romania into its business and is now looking for more

11.12.2013

Austria’s Vienna Insurance Group (VIG) on Tuesday said its financial results for the third quarter of 2013 will be affected by difficult market conditions in Romania and Italy. more

11.06.2013

The Romanian Pool of Insurance against Natural Disasters (PAID) issued 107,000 mandatory home insurance policies in October and increased its portfolio to over 530,000 contracts, up 25% on the month. more

10.29.2013

The Romanian unit of Gras Savoye, one of the world’s largest insurance brokers, has appointed Anca Roscaneanu as general manager. more

10.29.2013

Insurance companies held by foreign groups received capital injections of EUR117 million since the beginning of this year, according to aggregate data from the Trade Registry. The bulk of the money is more

10.25.2013

Asirom, a top ten insurer, wants to balance its portfolio by growing less reliant on auto liability policies and emphasizing more profitable segments such as home or life insurance policies,” says more

10.24.2013

Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, said more