12.07.2016

Allianz-Ţiriac, the second largest insurance company in Romania, underwrote gross premiums worth over RON906 million, in January-September 2016, up 17% on the year. more

11.22.2016

The increasingly frequent legislative changes that are farther and farther away from the model of a competitive framework as used in the West only serve to hinder the development of the local more

11.08.2016

Bucharest Court of Appeals has rejected the appeal filed by insurance company City Insurance, owned by businessman Dan Odobescu, against the decision of the Financial Supervisory Authority (ASF) on more

10.04.2016

Agil Trans, a road freight carrier in Romania, is now paying 22,000 lei (almost EUR5,000) auto liability insurance (RCA) per 16-ton vehicle, over seven times higher than the RON3,000 it used to pay more

09.28.2016

Romania’s insurance market registered total underwritten gross premiums of RON5 billion in the first half of 2016, up 11% compared with the same period a year ago. more

09.13.2016

The health insurance market represents a growth opportunity for NN Asigurari which aims to reach 10,000 clients in the future, Marius Popescu, CEO of life insurance company NN Asigurari, said Tuesday more

09.09.2016

German Signal Iduna, the largest life insurance company on the Romanian market, sold insurance policies worth RON21.47 million (EUR4.8 million) in January-June 2016. more

08.30.2016

Insurance company Euroins has decided to enter the private health insurance market, one of the liveliest niches in the insurance industry at the moment, considering that Euroins sells mostly mandatory more

08.08.2016

Insurance companies in Romania pay lower and lower commissions to insurance brokers, regardless of the type of insurance policy brokered, according to aggregate data provided by the Financial more

08.04.2016

Insurers BCR Asigurari de Viata and Omniasig, members of Austria’s Vienna Insurance Group (VIG), signed, on August 3, an agreement to take over life insurer AXA Life Insurance SA. more

08.04.2016

Insurance companies in Romania sold insurance policies worth RON2.4 billion (EUR540 million) in the first three months of 2016, up over 9% against the same period in 2015, according to data from the more

08.03.2016

Romanian insurer Asirom, owned by Austria’s Vienna Insurance Group (VIG), ranked first among insurance companies operating on the local market in the first quarter of the year, with underwritten more

08.03.2016

Romanian insurance market rose over 9% on the year in January-March, to RON2.4 billion, according to official data provided by the Financial Supervisory Authority (ASF). more

07.24.2016

Romania’s insurance market posted net loss of over RON3 billion (EUR700 million) between 2006 and 2016, considering that it ended 2015 with a loss of RON267 million (EUR60 million), according to more

07.21.2016

Insurance company City Insurance, owned by businessman Dan Odobescu, needs a EUR30 million share capital increase to exit the financial recovery procedure, according to the plan approved by more

06.29.2016

Britain's leaving the European Union has no direct impact on the Romanian insurance market, Cornel Coca Constantinescu, vice-president of the Insurance Supervisory Authority (ASF), said Wednesday. more

06.14.2016

Approximately 10% of the turnover of Marsh Romania, the largest corporate insurance broker on the local market, is generated by brokering health insurance, according to data provided by the company. more

05.29.2016

The health insurance segment has been more and more dynamic lately, as the number of Romanians closing such policies is on the rise, which was also supported by the strategies on portfolio more

05.26.2016

NN Romania ended the first quarter of 2016 with a 2.6% increase in gross underwritten premiums, to RON157.4 million, compared with same period a year ago, with the average premium reaching nearly more

05.17.2016

Romania’s insurance market must grow and develop in a sustainable way, on the long term, and any artificial or manipulated growth must be avoided, Misu Negritoiu, head of the Insurance Supervisory more

05.16.2016

Insurance company Allianz-Ţiriac Asigurari registered total underwritings of RON299 million in January-March 2016, up 9% on the year, while its consolidated operating profit rose to RON26 million, more

04.08.2016

Insurance company Groupama Asigurari on Friday said it paid damage claims of nearly EUR100 million in 2015 on the non-life insurance segment, and 68% of the amount targeted legal entities. more

04.05.2016

Romanian insurance broker Safety Broker on Tuesday said it brokered gross premiums of over RON123 million in the first quarter of 2016, up 42.9% on the year, and one of this year’s target is to more

04.01.2016

Life insurer NN Asigurari de Viata announced it will enter the health insurance segment on April 7, on World Health Day. more

03.17.2016

Netherland-based International Insurance Consortium has reached an agreement with the owners of insurance company Carpatica Asig, for which the Financial Supervisory Authority ASF decided to apply more