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

09.07.2011

The committee for labor matters in Romania’s Chamber of Deputies on Wednesday voted down a Government ordinance that introduced a 5.5% health insurance contribution for pensioners with 740 – 1,000 more

09.07.2011

Each certified insurance agent will have a card including information about attended courses and qualification. Agents must go through a certification test every three years. more

09.06.2011

Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acquisitions. more

09.01.2011

Romanian personnel on missions in Afghanistan, Algeria, Saudi Arabia, South Africa, Angola, Egypt, the United Arab Emirates, Jordan, Israel, India, Iran, Kenya, Kuwait, Libya, Nigeria, Palestine, more

08.26.2011

Romanian insurers paid general insurance damage claims amounting to 2.13 billion lei (about EUR502,000 million) in the first half of the year, insurer regulator CSA said in a press release Friday. more

08.23.2011

Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts. more

08.17.2011

Romanian AXA Life Insurance (formerly Omniasig Life) underwrote premiums worth 10.96 million lei (EUR2.57 million) in the first half of this year, down almost 1% from June 2010, according to company more

08.05.2011

The share of insured homes in Romania has reached 45%, up about 5 percentage points compared to June 30, when it stood at 40.3%, insurance regulator CSA president Angela Toncescu said in a press more

07.28.2011

Companies affiliated to banks and to leasing companies control the insurance brokerage market, as access to an extensive territorial network and exclusivity over hundreds of thousands of leasing more

07.20.2011

Romanian insurance and brokerage companies employed a total 19,058 people at the end of last year, down 7.1% compared to the end of 2009, according to a report of the Romanian insurance regulator CSA, more

07.20.2011

The Romanian insurance industry lowered its net loss last year by nearly 60%, to 41.37 million lei (about EUR10 million), according to the annual report of the country’s insurance watchdog CSA, more

07.19.2011

Romanian insurer Aviva Asigurari de Viata's losses widened last year by 48%, to 19.91 million lei (EUR4.67 million), as it sold 80.3% fewer policies at 25,274 units, and underwritten premiums dropped more

07.13.2011

Romanian local authorities will be able to fine people without mandatory home insurance only starting with August 2012, according to Law 260/2008 as amended and republished, although the Interior more

07.13.2011

Romanian insurer PAID will collaborate with local authorities to sell mandatory home insurance policies, its estimates showing that 60% of the houses in the country, around five million, are not more

07.13.2011

After making acquisition after acquisition in recent years, so that it came to own four major Romanian brands it was feeling comfortable with, Austria’s Vienna Insurance Group (VIG) made the more

07.13.2011

Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimates more

07.05.2011

Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most. more

07.01.2011

Romania will see the biggest development of the insurance market among Eastern European countries in the next few years, considering the low share to GDP of the insurance market and the fact that the more

06.30.2011

Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei. more