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CSA

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CSA To Analyze Risk Management With Data From Auto Insurers
Banks-Insurance

CSA To Analyze Risk Management With Data From Auto Insurers

Romanian providers of civil auto liability insurance (RCA) may be required to send an estimate regarding the segment's indicators every year to the market regulator, CSA, to be used in a ris...

Radu Bostan · 10.04.2012 · 17:59 · 1 min
Banks-Insurance

Romanian Insurers Exempt From Contributing To Road Accident Victim Fund In 2012

Romanian companies that issue mandatory car insurance policies (RCA) will not contribute this year to the fund protecting road accident victims, as the fund has enough resources to cover pos...

Ioana Tudor · 02.04.2012 · 14:45 · 1 min
Stake Of Home Insurance “War”: Sales Are Much Higher Than Claims Settled
Banks-Insurance

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...

Radu Bostan · 27.03.2012 · 00:00 · 1 min
Banks-Insurance

CSA To Insure Employees For Up To EUR200,000 Per Person

Romanian insurance market regulator CSA wants to buy life insurance for its 178 employees, with benefits ranging between EUR25,000 and EUR200,000 per person, through a contract worth an esti...

Radu Bostan · 23.03.2012 · 16:57 · 1 min
Insurance Brokers Might Have To Settle Contract Problems Notified By Policyholders
Banks-Insurance

Insurance Brokers Might Have To Settle Contract Problems Notified By Policyholders

Policyholders may refer complaints regarding insurance contracts to the brokers that negotiated the deal, and the latter will settle problems amiably, Romanian insurance regulator CSA presid...

Ioana Tudor · 21.03.2012 · 13:33 · 1 min
Banks-Insurance

Romsys To Provide EUR1.61M Computer Services To Romanian Insurance Regulator

IT systems integrator Romsys will provide the Romanian insurance system regulator CSA with computer maintenance services worth EUR1.61 million (VAT included).

Ecaterina Craciun · 07.02.2012 · 14:48 · 1 min
Over EUR65M Worth Of Life Insurance Policies Cancelled In Nine Months
Banks-Insurance

Over EUR65M Worth Of Life Insurance Policies Cancelled In Nine Months

Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator C...

Ciprian Botea · 14.12.2011 · 00:00 · 3 min
Former Insurance Watchdog Chief To Run Guarantee Fund
Banks-Insurance

Former Insurance Watchdog Chief To Run Guarantee Fund

Nicolae Crisan, former president of insurance watchdog CSA, was appointed general manager of the Guarantee Fund, a CSA department that protects insurance beneficiaries in case of insurer ban...

Andrei Cîrchelan · 12.12.2011 · 13:02 · 1 min
Banks-Insurance

CSA To Cut Staff By Up To 10% Starting December 1

Romania’s insurance regulator CSA will reduce its number of offices from 28 to 12 starting December 1 and will cut staff by up to 10%, the institution said in a press release Wednesday.

Ioana Tudor · 09.11.2011 · 17:43 · 1 min