04.22.2013

Insurer Astra held by businessman Dan Adamescu posted net profit of 6.7 million lei (EUR1.53 million) in 2012, down from RON81 million in 2011 because of the significant decline in revenue from more

04.11.2013

Foreign insurers brought EUR450 million to the capital of Romanian subsidiaries since the beginning of the economic crisis in order to cover ‘loopholes’ of over half a billion euros triggered by more

04.10.2013

Damages paid by insurers selling private health insurance policies amount to 90% of underwritten premiums on this segment, while administration expenses reach 5-6%, which explains why only a few more

04.10.2013

Price-based strategies promoted by insurance companies in Romania will fail considering that indemnities paid by insurers exceed underwritten premiums, Dan Constantinescu, representative of insurance more

04.04.2013

Romanian insurer Astra Asigurari said Thursday it will insure the fleet of Berlin-based airline Germania Fluggesellschaft and the contract is valid until April 2014. more

04.04.2013

Early redemptions of life insurance policies reached record highs in 2012, as need for cash stayed high. more

04.03.2013

Romanian state-owned airline Tarom wants to insure its fleet for some $2.4 million, according to a notice of intent issued by the company. more

04.02.2013

The number of companies faced with a shortage of cash is on the rise and so is the number of those filing for insolvency. As a result, now is one of the best moments to sell commercial credit more

03.21.2013

The share of insurance premiums brokered by brokerage firms will exceed 50% of total underwritten premiums by 2014, as brokers have expanded networks and increased the quality of services, Bogdan more

03.13.2013

Over 80% of Romanians know very little about the advantages of mandatory health insurance and over 30% of them have no idea how much they pay for this type of insurance, according to a survey by Exact more

03.01.2013

Romanian businessman Dan Odobescu has acquired an 85.2% stake in insurer City Insurance through his company Vivendi International SRL. more

02.26.2013

The Romanian insurance market posted 5.8% growth last year, to 8.27 billion lei (EUR188 million), after declining nearly 12% in 2009-2011, from RON8.87 billion to RON7.82 billion, the country’s more

02.25.2013

AXA Life Insurance Romania’s revenues from underwritten premiums increased 31% last year, from 24.8 million lei (EUR5.6 million) in 2011, according to insurance market regulator CSA. more

02.15.2013

Major insurers felt to a lesser extent the effects of the crisis in 2012 after three years when their businesses plummeted, but few companies managed to boost their sales on segments other than more

02.08.2013

Romanian insurers which sell mandatory car insurance policies RCA will transfer 1% of gross underwritten premiums on this segment to the fund protecting the victims of road accidents, according to an more

01.28.2013

Romania’s life insurance market is seen flat or up a mere 2% in 2013, mainly depending on the quality and performance of insurers' sales teams. more

01.28.2013

Romania’s general and life insurance market will see no major changes in 2013 and it is expected to grow by 3% to 5% backed by higher tariffs at mandatory car insurance (RCA) policies and stronger more

01.25.2013

Romanian state-owned natural gas transporter Transgaz (TGN.RO) will organize an auction in the first half of February to buy a civil liability insurance policy targeting the company’s management more

01.24.2013

Austria’s Vienna Insurance Group (VIG) said Thursday it underwrote gross premiums of EUR459.1 million in Romania in 2012, down 10.1% on the year due to harsh market conditions and a fierce more

01.23.2013

Insurers in Romania will rethink mandatory car insurance (RCA) policy prices so as to make sure that revenues estimated for an interval of 12 months will cover risks, costs and their profit margin, more

01.16.2013

Only 20% of Romanians can afford to use private medical services and the chances of people on low income to receive quality public healthcare will diminish if money from the National Health Insurance more

01.15.2013

With state-run hospitals losing patients, doctors and nurses to the private sector, the health minister has decided to suspend state financing to the private sector. But in the absence of competition, more

01.10.2013

The insurance industry could grow this year but do it at a slow pace, as few insurers see double-digit growth. Most of them, however, do expect growth to return to this market in 2013 after the more

12.24.2012

Greek group Piraeus, which took over the Romanian operations of ATE Bank (Greece’s Agricultural Bank), intends to sell the Romanian-based insurance firm affiliated to ATE Insurance Romania, more

12.23.2012

Romanian insurers underwrote gross premiums of about 232 million lei (EUR52 million) in several European Union member states in the first nine months of 2012, up 27% on the year, according to more