CSA
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Insurance Supervisory Commission 2011-2012 Board Indicted In Astra Case
Almost every member of the board of the former Insurance Supervisory Commission (CSA) in 2011-2012, among which Angela Toncescu and Constantin Buzoianu, even former commission chairpersons, were indicted on Tuesday by the National Anticorruption Directorate fo...
Former CSA Reports Loss Of RON15M For 2012
Former insurance market regulator CSA, whose duties have been taken over this year by the Financial Supervisory Authority, registered loss of 15 million lei (EUR3.4 million) last year, down...
New PAID Stockholders Were Written Off Minimum Capital Inflow
Romanian insurers who aim to become stockholders of mandatory home insurance companiy PAID will no longer be compelled to have an EUR250,000 minimum inflow to the company’s share capital, as...
Euroins Romania To Hike Share Capital To RON118.5M
Insurer Euroins Romania will increase its share capital by 15 million lei (EUR3.3 million) to RON118.5 million, through cash inflow, following shareholders’ decision of November 22, 2012.
Romanian Insurers’ 9-Month Underwritings In EU Up 27.1% On Year, To RON232M
Romanian insurance companies’ underwritten premiums in other European Union member states rose 27.1% on the year to 232 million lei (EUR51.3 million) in the first nine months of 2012, accord...
CSA: Insurers Solely Responsible For Setting Mandatory Car Insurance Prices
Prices of premium on mandatory car insurance (RCA) are set exclusively by insurers, the Romanian insurance watchdog CSA said Tuesday.
Insurance Regulator Wants RCA Premiums To Cover Both Risks, Profit Margin
Romanian insurance companies will rethink mandatory car insurance policy (RCA) premiums to make sure that revenues estimated for an interval of 12 months will cover both risks and insurers'...
CSA: Claims Mediation May Cut Insurers' Costs
Romania’s insurers may lower the expenses related to compensations by two or three times if they resort to the services of mediators, according to the Insurance Surveillance Commission CSA.
CSA: Romania’s Insurance Market Up 1.5% On Year In January-August, At RON5.5B
Romanian insurance market was 1.54% higher in January-August period, to 5.5 billion lei (EUR1.21 billion) in underwritten premiums from general and life insurance, according to data of the I...