04.06.2021

Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement more

04.06.2021

The leader of the health insurance market in Romania in 2020 was Signal Iduna, with RON126 million gross written premiums, an increase of 27.3% on 2019, followed by Allianz-Tiriac and Groupama. more

03.25.2021

Insurance companies operating on the Romanian market reported total underwritings of RON11.5 billion in 2020, up 4.6% compared with 2019, the country's financial regulator said in a report Thursday. more

03.09.2021

Asirom, the second largest local insurer in the portfolio of Vienna Insurance Group (VIG), has introduced artificial intelligence in the damage assessment system n the underwriting process for the more

02.23.2021

Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went more

02.19.2021

Guarantee insurance, a segment included in the category of general insurance, registered underwritten gross premiums of RON464.5 million at the end of 2020, up 68% from 2019, with the value of more

02.17.2021

Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past five years. more

02.16.2021

Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with slower more

02.11.2021

Romania’s insurance market reached a volume of underwritten gross premiums of RON11.5 billion in 2020, up 5% compared with 2019, according to Romania’s Financial Supervisory Authority (ASF). more

01.26.2021

Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 million. more

01.20.2021

Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and private pension sectors, through the coordination of all more

01.13.2021

Gothaer Adds Household Goods Insurance to Its Travel InsuranceGothaer Asigurari Reasigurari, the local subsidiary of the German insurance group Gothaer, announced it was adding a household goods more

12.29.2020

Insurers in Romania recorded some 16.2 million policies at the end of the first nine months of 2020, 4% more than in the same period in 2019, data from Romania's financial watchdog ASF showed Tuesday. more

12.21.2020

Romania’s insurance market registered underwritten gross premiums of over RON8.5 billion in January-September 2020, approximately 4.8% higher than the level reported in the same period in 2019, data more

12.09.2020

The Romanian insurance market registered gross underwritings of RON8.5 billion in the first nine months of 2002, up 4.8% on the year, an official of the financial authority said Wednesday. more

12.03.2020

Insurance companies Groupama Asigurari, Uniqa Asigurari, Uniqa Asigurari de Viata and the Pool of Insurance against Natural Disasters (PAID) Romania have established the Romanian Employers Association more

11.24.2020

German discount chain Lidl announced Tuesday it was extending employee benefits and will be doubling Christmas bonuses this year up to RON800 per employee, as well as new life insurance that includes more

10.30.2020

The insurance market ended the first half with 100.9 million lei profit, 51% more than in the year-ago period, Financial Supervisory authority (ASF) data show. more

10.19.2020

The NN Group, which owns life insurance company NN Asigurari de Viata in Romania, has earmarked 31.9 million lei for capital for its new entity NN Asigurari, a general insurance business, part of NN more

10.09.2020

NN Romania, the leading life insurer and private pension fund manager in Romania, will expand its portfolio into home insurance starting October, the company announced Friday. more

10.02.2020

Insurance companies in Romania underwrote gross premiums of RON5.6 billion in the first half of 2020, up 3.4% from the same period in 2019, due exclusively to the positive evolution in the first more

09.28.2020

Mandatory home insurance (PAD) policies in Romania reached 17.57 million at the end of August, 3.1% more than in August 2019, the Pool of Insurance against Natural Disasters (PAID) said Monday. more

08.25.2020

Romania’s Financial Supervisory Authority (ASF) launched an open tender on August 14 for the acquisition of advisory services in order to assess the assets and liabilities on the local insurance more

07.30.2020

Insurers in Romania recorded more than 15.7 million policies at the end of the first quarter of 2020, up 3.4% compared with the same period in 2019, financial watchdog data showed. more

07.24.2020

Insurance companies in Romania underwrote gross premiums of RON2.95 billion in the first three months of 2020, up 8.8% year-over-year, the country’s Financial Supervisory Authority (ASF) said in a more