10.04.2012

The Romanian insurance market is getting overcrowded because 40 companies are vying over less and less money. Under the circumstances, consolidation by mergers and acquisitions becomes an irreversible more

10.03.2012

The average premium for mandatory car insurance policies stood at 444 lei (EUR98) in the first six months of the year, down 3% compared with the similar interval a year ago, and the average damages more

10.03.2012

Drivers involved in non-fault car accidents will receive damages from the insurers that issued their mandatory car insurance (RCA) policy instead of claiming damages from the insurer of the party at more

10.01.2012

The top ten insurers on the market ceded 730 million lei (EUR161 million) in premiums to reinsurers in January-June, up 30% on the year-ago period, according to the data published by the insurers’ more

09.20.2012

The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a mandatory more

09.19.2012

Major insurer Astra has recruited the head of Euroins, Alin Bucsa, as the company’s general manager to replace Alexander Adamescu, who had run the company in the past nine months. more

09.16.2012

Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structure of more

09.07.2012

Romanian homeowners who want to buy voluntary home insurance to cover damages that exceed mandatory home insurance coverage will sign only one contract, not two, according to the Pool of Insurance more

09.03.2012

Six of the ten largest insurance companies performed double-digit staff cuts during the crisis to keep spending in check after policy sales had collapsed. The ten largest insurance companies had more

08.23.2012

Vienna Insurance Group (VIG) said Thursday it underwrote gross premiums of EUR235.7 million in Romania in the first half of the year, down 14% from EUR275.8 million in the same interval a year ago. more

08.22.2012

Insurance sales stabilized in the first half of this year, but some major insurers continue to feel the effects of the crisis and to lose ground to smaller companies or to those who promoted mandatory more

08.17.2012

Romanian insurer Omniasig, former BCR Asigurari, posted underwritten premiums of 548.9 million lei (EUR112.5 million) in the first half of 2012, down 17.4% on the year, ranking first on the local more

08.16.2012

Romania's insurance market regulator CSA posted losses of 18.9 million lei (EUR4.2 million) in 2011, compared with profit of RON5.2 million in 2010, according to its yearly report. more

08.16.2012

The share capital of Romanian insurers dropped 3.4% in 2011, to 4.04 billion lei (EUR952.8 million), according to the annual report release Thursday by the insurance regulator CSA. more

08.14.2012

Romania's insurance market grew by 2.7% in the first six months of 2012, to 4.13 billion lei (EUR914 million), thanks to higher sales of general insurance policies, according to the data of regulator more

08.08.2012

Romanian insurers will be allowed to issue starting September 1, 2012 voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which range more

08.08.2012

The portfolio of Romanian insurer Eureko Asigurari shrunk by 8.9% last year, to 34,738 contracts, while revenue from underwritten premiums climbed 1.7% to 42.04 million lei (EUR9.26 million), more

08.06.2012

Romania’s top three life insurance companies, ING Asigurari de Viata, BCR Life and Alico, registered net profits of 526.3 million lei between 2007 and 2011, and paid out dividends of RON417.6 more

07.25.2012

Romanian insurers might be allowed to issue voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which range between EUR10,000 and EUR20,000 more

07.17.2012

Romania's insurance sector posted net losses of 329.7 million lei (EUR72.2 million) in 2011, up eight times compared with 2010, according to Finance Ministry data centralized by MEDIAFAX. more

07.16.2012

Romania's General Aviation Inspectorate will insure its helicopter fleet with Astra, Omniasig and Platinum Asigurari for 22.15 million lei (EUR4.9 million) over the next four years. more

07.13.2012

The basic package under Romania's new healthcare law will no longer cover minor illnesses, but mainly major risks and serious disease, and the system will receive extra funding from mandatory car more

07.11.2012

Romania’s insurance market regulator CSA will pay insurer Alico 27.7 million (EUR6.1 million) in the next five years to insure its staff, people familiar with the matter told Mediafax Wednesday. more

07.11.2012

Insurance giant Eureko plans to leave Romania early next year after having invested tens of millions of euros in its local subsidiary to offset its losses year after year, sources in the industry say. more

07.09.2012

Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that more