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

11.09.2011

Romania’s insurance regulator CSA will reduce its number of offices from 28 to 12 starting December 1 and will cut staff by up to 10%, the institution said in a press release Wednesday. more

11.09.2011

Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (EUR53.5 more

11.07.2011

Romanian insurer Platinum Asigurari underwrote EUR1.2 million in contract bond premiums, in the nine months since the product was launched, and expects to end the year with revenue of EUR1.6 million more

11.03.2011

Romanian insurer ING Asigurari de Viata underwrote premiums of 407.5 million lei (about EUR93.5 million) in the first nine months of the year, up 0.8% compared with September 2010, while its gross more

11.01.2011

The cases in which insurers pay damages of several hundred thousand euros to victims of car accidents are increasingly frequent as Romanians become aware of the fact that a simple auto liability (RCA) more

10.24.2011

Insurer Astra, controlled by businessman Dan Adamescu, is Romanian market's leader on revenue from underwritten premiums on the home insurance and mandatory car insurance RCA segments, but is not more

10.21.2011

Sales of life insurance through banks can help develop the bancassurance segment only if banks become more than mere distribution channels and prepare their employees as consultants for clients, more

10.20.2011

Lenders in Romania should focus more on bancassurance, that may generate additional revenues and eliminate deposit-loan fluctuations, Theodor Alexandrescu, general manager of Alico Asigurari de Viata, more

10.20.2011

Euroins, Carpatica Asigurari and Astra had the highest number of dissatisfied customers, with complaints sent to the Insurance Supervisory Commission (CSA) exceeding 3,000 in the first nine months of more

10.12.2011

Romania's Health Ministry wants to introduce private health insurance, by creating private insurance houses supervised by the National Health Insurance House, said minister Ladislau Ritli on more

10.11.2011

Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies continue more

10.07.2011

Every Romanian will choose from ten private health insurance houses that will compete against each other and will replace the National Health Insurance House (CNAS), the institution that collects more

10.06.2011

Many homeowners who bought mandatory home insurance policies last year fearing fines did not renew their policies when contracts expired, so that the total number of insured people dropped by around more

10.04.2011

Romanian joint insurance company PAID on September 30 paid the first total damage claim for a type B building insured through a mandatory policy, worth EUR9,000, for a house in Iasi county, which was more

09.29.2011

The insurance market will be regulated by people who have barely had anything to do with this industry so far, which means politicians had the final say in the appointment of the new management of the more

09.22.2011

The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money has more

09.21.2011

The Romanian National Health Insurance House's budget has been raised by the Government by 150 million lei (EUR35 million) and another RON25 million has been allotted to the national healthcare more

09.21.2011

Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to new rules more

09.20.2011

The Romanian Parliament’s budget and finance committees on Tuesday endorsed Romeo Ionut Comaniciu for the position of president of insurance regulator CSA with 21 to 12 votes and one abstention. more