10.17.2013

Romania remains an important market for the Vienna Insurance Group (VIG) even though the local business has shrunk by one third during the crisis and the Romanian operations were the only ones to post more

10.15.2013

The Romanian Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance policies, might be listed on the stock exchange to increase its capitalization, Daniel Tudor, more

10.03.2013

Insurance brokers want to be able to sell other financial products, such as bank loans, in addition to insurance. A proposal to this effect is set to be finalized and to be sent to the Financial more

09.24.2013

Romania’s private health insurance market is growing quickly, but service healthcare providers estimate most of their business will still come from corporate subscribers in the coming years. more

09.17.2013

The Romanian general and life insurance market rose 3.2% in the first half of 2013 to 4.3 billion lei (EUR0.96 billion), while damages paid by insurers fell 1.2% to RON2.5 billion, according to more

09.17.2013

Romania’s Financial Supervisory Authority, or ASF, withdrew, temporarily or permanently, the licenses of 21 insurance brokers in the first eight months of the year mainly because they breached more

09.13.2013

Romanians who obtain revenues from home rental will pay health insurance contributions of at most 611 lei (EUR136) per month in 2013, according to a bill drawn up by the Finance Ministry. more

09.13.2013

Romanian-held Astra leads the ranking of insurers that get the largest revenues from property policies, with gross underwritten premiums of 177 million lei (EUR40 million) in the first six months of more

09.10.2013

The Romanian Pool of Insurance Against Natural Disasters (PAID) issued nearly 105,000 mandatory home insurance policies in August, reaching a portfolio of 421,707 contracts, up 33.1% from July 31. more

08.29.2013

Austria’s Vienna Insurance Group (VIG) registered a decline in underwritten premiums and widening loss in Romania in the first half of 2013, the group said in a report Thursday. more

08.23.2013

E.ON Gaz Distributie, a Romanian unit of German utility E.ON, will organize an auction on September 12 to insure its 1,200 vehicles, and the value of the contract, to be valid for four years, is more

08.20.2013

Austria’s Vienna Insurance Group (VIG) said Tuesday it conducted a goodwill impairment test targeting its Romanian operations, which resulted in an impairment of EUR75 million on the general more

08.07.2013

Insurers that are not part of the Romanian Pool of Insurance Against Natural Disasters (PAID) will be allowed to sell mandatory home insurance policies under collaboration protocols with PAID, the more

07.23.2013

A Consumer Barometer survey by Google, TNS Infratest and IAB Europe shows that 22% of Romanians buy car insurance online, which is close to the European average of 26%. more

07.19.2013

Romania’s state-owned airline Tarom wants to allow any European insurance company in its fleet insurance auctions starting 2014 after local insurer Astra Asigurari was awarded the contract for the more

07.17.2013

Former insurance market regulator CSA, whose duties have been taken over this year by the Financial Supervisory Authority, registered loss of 15 million lei (EUR3.4 million) last year, down 21% from more

07.14.2013

Romania’s Government will notify anticorruption prosecutors of irregularities in awarding the contract for national healthcare cards by former National Health Insurance House (CNAS) president Lucian more

07.12.2013

Insurer Asirom VIG will insure the fleet of Bucharest’s public transport authority RATB for 2.74 million (EUR0.62 million) and the mandatory car insurance (RCA) contract is valid for one year. more

06.27.2013

Romania is working to implement the EU directive allowing cross-border medical services under national health insurance and authorities hope to avoid an exodus of Romanians choosing treatment abroad. more

06.18.2013

The Romanian insurance industry posted loss for the eighth year in a row in 2012, registering a net loss of RON321.6 million, down 1.3% from 2011, according to Trade Registry data. more

06.07.2013

City Insurance has increased its share capital by 29.03 million lei (EUR6.37 million) to RON75.88 million, by including last year’s net profit, the insurer said Friday. more

06.06.2013

Six of the nine largest general insurers reported higher gross written premiums in the first quarter of the year, while the other three recorded double-digit business declines. more

05.22.2013

Romanian insurers paid damages of 1.3 billion lei (EUR0.3 billion) in the first quarter of 2012, up 3.12% on the year, while underwritten premiums dropped 1.8% to RON2.13 billion, according to the more

05.21.2013

Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) rose 2% in the first quarter of 2013 to 1.94 billion lei (EUR0.44 billion), more

05.15.2013

Romanian power grid operator Transelectrica (TEL.RO) will set up an auction, at the end of June, in order to contract private health insurance services for its employees. more