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

09.16.2011

A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans. more

09.15.2011

Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only damage more

09.12.2011

Five insurance companies feature among the top 50 insurers in Central and Eastern Europe by gross premiums underwritten last year, with the cumulated value of the five companies’ business exceeding more

09.09.2011

Romanian insurer Ardaf reported net profit of 8.1 million lei (EUR1.9 million) in the first six months of 2011, down 10% on the year, and revenue of RON157.3 million, down 22% compared to 2010. more

09.07.2011

Romania's Health Ministry will coordinate the National Health Insurance House, but the House will remain autonomous and in charge of the healthcare budget, the Government decided Wednesday through an more

09.07.2011

Romania's ruling coalition still supports requiring health insurance contributions from pensions higher than 740 lei (EUR174) and the ordinance introducing this measure will be sent back to the more