04.02.2024

Groupama remained the leader of the RON18.2 billion insurance market in Romania in 2023, following a 37% increase in gross written premiums to more than RON4 billion. more

03.17.2023

Romania's financial regulator ASF announced on Friday (March 17) that its board decided to withdraw the operating license of Euroins Romania, part of Bulgaria's Eurohold Group, for failing to meet more

08.05.2021

The assets and liabilities of insurance companies increased by 9% to 10% in the first quarter of 2021 compared with the year-ago period, a Financial Supervisory Authority (ASF) report shows. more

07.22.2021

Allianz-Tiriac, the third largest insurer in Romania, ended 2020 with RON153.8 million net profit, 1.3% higher than in 2019, which makes it the most profitable insurer of all general and life more

03.26.2021

City Insurance remained the leader of the insurance sector at the end of 2020 on a market that reached RON11.5 billion gross written premiums, an increase of 4.6% on 2019, a Financial Supervisory more

02.06.2020

Foreign investors with operations in the financial industry in Romania contributed almost 744 milion lei (almost EUR160 million) to the capital of their subsidiaries in 2019, less than they did in more

09.17.2019

The total volume of gross written premiums on the health insurance segment, one of the most dynamic segments in the last few years, reached 205 million lei (EUR43 million) in the first half, following more

06.20.2019

City Insurance gained even more ground in the first quarter of 2019, ending it with 21% market share. The company held by businessman Dan Odobescu increased its revenue by 42% to 448 million lei more

04.12.2019

About 75% of the sales of comprehensive car insurance on the local market come from four major companies – Omniasig, Alllianz-Tiriac, Groupama and Generali. Total gross written premiums of the four more

03.25.2019

The ranking of the companies selling mandatory auto liability insurance policies (RCA) has undergone significant changes in the past decade, with many of those with hefty market share in 2009 now a more

09.08.2016

The top five general insurance companies, which account for about half of the Romanian market, sold 2.5 billion lei (EUR562 million) worth of policies in the first half, an increase of more than 17% more

05.05.2016

The largest insurers in Romania posted higher annual profits in 2015, which means the overall loss of the market might drop this year, though a return to profit in 2016 is unlikely. more

11.05.2015

Banks, insurers and all the other companies on the local financial market got more than 3 billion lei (EUR681 million) capital injections in the first nine months of the year, with most of the money more

09.07.2015

Romanian insurance companies are no longer willing to cover drought-related damaged mainly due to the catastrophic nature of the phenomenon, the large affected areas, the high probability to take more

08.05.2015

Development by franchising, which is less costly than opening their own offices, has allowed insurance brokers to cover the entire country and eventually handle almost two thirds of the gross written more

07.07.2015

Local insurance companies posted 36 million lei (EUR8 million) aggregate loss in 2014, down from the more than RON1.3 billion in 2013. more

04.24.2015

The losses of hundreds of millions of lei posted by Austrian insurers’ Romanian subsidiaries in the past few years and the problems on the auto liability policy segment were two of the things more

04.24.2015

Nine banks, insurance companies and leasing companies have changed their names in the last few years because they either changed owners or wanted to reinvent themselves to get rid of any past stains more

12.10.2014

Eight of the 20 largest banks in Romania are Romanian brands and four of them are owned by the Romanian government or private entrepreneurs, while the rest are held by Austrian, French and Greek more

11.03.2014

Banks, insurers and leasing companies held by foreign groups got more than 1.1 billion lei (EUR250 million) capital injections in the first nine months of the year. Most of the money went towards more

09.18.2014

On an insurance market that is unable to recover from the crisis, having dropped 7% in the first half, four large companies have replaced their chiefs this year while others have made changes to their more

08.05.2014

Banks, insurers and leasing companies held by foreign groups saw almost 900 million lei (EUR200 million) capital increases in the first half. The money was mostly used to offset losses in previous more

10.15.2013

The Romanian Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance policies, might be listed on the stock exchange to increase its capitalization, Daniel Tudor, more

09.16.2013

Foreign shareholders of banks, insurers and leasing companies added around EUR240 million to the capital of Romanian subsidiaries between in January and June 2013. more

06.20.2013

One of the solutions to reduce the number of complaints on the mandatory car insurance (RCA) segment is to eliminate insurance companies that apply low premiums but fail to pay damages when accidents more