03.08.2022

Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, on Tuesday said it ended 2021 with profit before tax of EUR511.3 million, higher by 47.8% more

03.03.2022

Uniqa Romania, made up of two companies belonging to Austria’s group Uniqa, wants to expand its business, with warranty insurance as a segment where the company wants to develop solutions, stated more

02.21.2022

Romania’s life insurance market reported underwritings of RON2.6 billion at the end of 2021, up 17.6% from 2020, but, in terms of the weight held in the overall market, this segment seems to be more

02.16.2022

Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4% versus more

02.08.2022

Romania’s insurance market ended 2021 with underwritten gross premiums of RON14.3 billion (nearly EUR2.86 billion), seeing the biggest annual growth of the last decade, of 24%, versus 2020, said more

02.07.2022

Francois Coste, CEO of Groupama Asigurari says he expects 2022 to be a year of sustainable growth for the company, as well as a year to strengthen the good results generated in 2021. The company will more

12.22.2021

Asirom, the second biggest insurer in Romania and part of Austria’s group Vienna Insurance Group (VIG), forecast a volume of gross underwritten premiums of around RON760 million at the end of 2021, more

12.16.2021

Metropolitan Life, the local subsidiary of Ireland’s Metlife Europe, ended the first nine months of 2021 with underwritten premiums worth RON389.5 million, 29% higher than in the same period of last more

12.13.2021

The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by more

12.06.2021

Groupama Asigurari, the Romanian subsidiary of the French group of the same name, saw the volume of gross underwritten premiums go up by 15% in the first nine months of this year, to around RON870 more

12.06.2021

Safety Broker, Romania’s biggest insurance broker, was sold to Poland's Unilink, the biggest insurance brokerage group in Central and Eastern Europe (CEE).. more

12.02.2021

Seven of ten biggest insurance companies in Romania registered profit in 2020, per finance ministry data. The most profitable insurer was Allianz-Tiriac, reporting profit of RON138 million, which, more

11.12.2021

Euroins Romania, which remained leader on the civil liability car insurance (RCA) segment after the recent collapse of City Insurance, continues the strategy of reducing its exposure in the RCA more

11.11.2021

Germany’s Allianz group, present in Romania through insurer Allianz-Tiriac, ended the first nine months of 2021 with EUR7.26 billion revenues, 38.9% higher than in the same period of 2020, and more

10.18.2021

Romania’s insurers at the end of 1H 2010 had over 17 million insurance contracts in their portfolios, up 8% from the year-earlier period, in line with a report by the Financial Supervisory Authority more

10.13.2021

Metropolitan Life, the second largest life insurer in Romania, posted RON255.9 milion gross written premiums in the first half, an increase of 31% on the RON195.2 million of the year-ago period. more

09.17.2021

Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider in the more

09.16.2021

Stakeholders of Euroins Romania, the second largest third party vehicle insurance (RCA) insurer domestically, part of Bulgaria’s Eurohold group, approved a RON120 million capital increase, as well more

09.10.2021

The European Bank for Reconstruction and Development (EBRD) and financial and insurance group Eurohold Bulgaria, the owner of Euroins Insurance Group AD (EIG), have signed an agreement whereby the more

09.09.2021

Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided the more

09.08.2021

Uniqa insurer is likely to see the volume of gross underwritten premiums on the retail segment rise by 10-15% this year, above the 8-10% increase the market may register at the end of 2021, according more

08.31.2021

Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first half of 2021 with a volume of gross underwritten premiums worth RON730 million, more than 10% more

08.30.2021

Aegon Romania, the domestic unit of international financial group Aegon, ended the first three months of 2021 with a gross underwritten premium volume of RON36.8 million, 21% higher than in the same more

08.27.2021

Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’s more

08.25.2021

Uniqa Asigurari reported gross underwritten premiums worth EUR18.7 million, for the first half of this year, on the non-automotive insurance segment, up 3% from the same period of 2020, while Uniqa more