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

07.02.2012

Romania’s new healthcare bill allows county health insurance houses to reorganize as mutual health insurance organizations, Health Minister Vasile Cepoi said Monday. more

07.02.2012

Insurers and providers of private healthcare in Romania think that stipulating fully deductible private health insurance in the Tax Code is key to the continuation of reform in the healthcare system, more

06.19.2012

AXA Life Insurance Romania wants to double revenues from underwritten premiums this year to 49 million lei (EUR11 million), the insurer’s sales manager, Dan Buta, told a news conference Tuesday. more

06.19.2012

Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year in the red more

06.13.2012

The acquisition costs, reserves and damages paid by Romanian insurers that sell general insurance policies exceed revenues from underwritten premiums on this segment, Constantin Buzoianu, president of more

06.08.2012

Romanian insurers that cover natural disasters must hold reserves based on estimations regarding underwritten premiums on this segment and their reinsurance programs, according to norms drawn up by more