CLAIMS
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Creditors File EUR1,8B Worth Of Claims Against Bankrupt Insurer City Insurance
About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 billion), in line with information from representatives of CITR, the co...
Allianz-Tiriac Ends 1H/2021 with Underwritten Premiums Above RON768M, Up 12% YoY
Allianz-Tiriac in the first half of 2021 underwrote premiums worth over RON768 million, up 12% against the similar period of last year and around 10% higher than in 1H/2019.
Aegon Romania Hits Revenue Of RON50M In 2014 After Eureko Acquisition
Aegon Romania, the local unit of the Dutch insurer, in 2014 registered gross underwritten premiums of around RON50 million and had over 40,000 policies in its portfolio, up from 2013. The nu...
Harinvest Clients Should Submit Debt Recovery Claims By May 12
Clients subject to the fraud at Harinvest brokerage firm should submit claims to recover their debts from Investors’ Compensation Fund by May 12, according to Romania’s Financial Supervisory...
Insurance Claims Up 12%, Premiums Flat In January-September
The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 3.2 billion lei (EUR710 million) general insurance claims in the first nine months, up 12%...
CSA: Euroins, Carpatica Asig And Astra Cumulate 60% of 2011 Complaints
Romania’s insurance regulator CSA received a total of 7,570 complaints in 2011 against services provided by insurers and brokers, down 0.15% on the year, most of them targeting the auto indu...
Stake Of Home Insurance “War”: Sales Are Much Higher Than Claims Settled
Sales of voluntary home insurance totaled 641 million lei (EUR147 million) in 2011, up 70% on the previous year, in addition to more than RON35 million from mandatory insurance, according to...
The Saga Of Property Restitutions Goes On: 145,000 Claims Left Out Of FP
The Romanian government has to solve around 145,000 claims for compensation submitted by people stripped of their properties by the communist regime, after in the past twenty years the state...
Insurers Pay Millions For Property Damage Claims More Often
Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sal...