01.13.2012

Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sales of car more

01.12.2012

François Coste has been appointed to the position of general manager of Romanian insurer Groupama Asigurari to replace Sanda Nicoara, the insurer said in a press release Thursday. more

01.11.2012

The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill approved Wednesday by Romania's Government, which amends Law 503/2004 on the more

01.09.2012

The Romanian Defense Ministry will organize an auction on February 27 to buy life insurance for troops deployed overseas. more

01.03.2012

Of all the sectors in the economy, the healthcare sector is likely to be targeted by the most changes in 2012. The new health law, which will be debated over the course of this year, aims to more

12.30.2011

The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill put forward by the Romanian Finance Ministry. more

12.28.2011

Romanians who fail to pay their health insurance contribution will receive medical care only in emergency situations, in infectious disease cases and for illnesses included in the national more

12.21.2011

Romanian insurer AXA Life Insurance won in November an auction held by electricity distributor Electrica, for a 18.1 million lei (EUR4.23 million) health insurance contract. more

12.16.2011

Romania’s insurance regulator CSA on Friday started checkups at insurer Astra Asigurari after it received notifications regarding the Astra Medica Bonus insurance policy, CSA said in a press more

12.15.2011

Two Romanian associations, four insurers, several private healthcare operators and the Union of Insurance Brokers on Thursday signed a protocol to work together to enhance the country’s health more

12.14.2011

Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator CSA data. more

12.10.2011

Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past months, while more

12.09.2011

Romanian online store eMAG.ro will start selling mandatory car insurance policies (RCA), following a partnership with insurance broker Netrisk, and wants to reach a 3-5% market share, the site’s more

12.07.2011

Insurance brokers in Romania brokered premiums of 2.39 billion lei (EUR549 million) in the first nine months of 2011, up 3.6% on the year, whose weight in the overall insurance market increased by 2.8 more

11.28.2011

Top insurers in Romania continued to feel the effects of the crisis, and many have lost market share to second-ranking players and companies that have promoted their products more aggressively, more

11.28.2011

It’s been a year since Violeta Ciurel, 53, one of the most experienced managers in life insurance on the Romanian market, accepted the biggest challenge in her professional career: to start all over more

11.21.2011

Romanian insurer Ardaf posted losses of 22.36 million lei (EUR5.3 million) in the first nine months, with a loss of RON30.46 million in the third quarter. more

11.19.2011

The most expensive insurance policy brokered by Marsh, one of the major players on the Romanian insurance brokerage market, covers damages of EUR5 billion. Data show this is the most expensive more

11.17.2011

Romanian insurer Carpatica Asig underwrote premiums of 147.39 million lei (EUR33.9 million) in the first nine months of the year, down 40% compared with the same interval a year ago, as revenues from more

11.17.2011

Romania’s general and life insurance market fell 3.71% in the first nine months of the year to 6.08 billion lei (about EUR1.39 billion), due to a 5.89% drop in general insurance underwritten more

11.16.2011

Romania will have up to 20 private health insurance houses "fighting over clients" by 2013, said Cristian Vladescu, head of the National Public Health and Sanitary Management School, in the Romanian more

11.16.2011

Insurers should hike share capital by around EUR500 million, besides other expenses, to take part in Romania’s state healthcare reform, Frans van der Ent, general manager of insurance company Eureko more

11.16.2011

Romania's healthcare system must adapt first of all to the elderly population, which is growing, Health Minister Ladislau Ritli said Wednesday in the Romanian Healthcare Forum, organized by MEDIAFAX more

11.15.2011

Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell about 5% in the first nine months of 2011 to 4.9 billion lei (EUR1.13 more

11.11.2011

The Romanian National Health Insurance House (CNAS) has resumed auction procedures to purchase an IT system to manage patients’ electronic medical records, after the first contract awarding more