INSURANCE
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Romania’s Uniqa Posted EUR2.7M Loss In 1H
The two Romanian subsidiaries of Austrian-held group Uniqa posted losses of EUR2.7 million in the first semester, lower compared with EUR3.7 million losses during the same period a year befo...
Macro-Economy And Low Interest Rates, Top Risks For Insurers In CEE
Macro-economic conditions and low interest rates are the biggest risks facing insurance companies in Central and Eastern Europe (CEE), according to the "Insurance Banana Skins 2015" survey.
Piraeus Bank Sells Piraeus Insurance Broker
Greek-owned lender Piraeus Bank announced Monday it sold its 5% stake in insurance broker Piraeus Broker (PIRBR) to two Greek businessmen.
How Brokers Came To Dominate Sales Of Insurance Policies
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 gros...
Romania’s Insurers Target Health Insurance Policies Segment
Romania’s insurers are targeting the health insurance policies segment, on the backdrop of higher deduction threshold as of 2016. They forecast an annual growth of underwritten premiums by 2...
ASF: Five Romanian Insurers Don't Meet Solvency II Minimum Capital Requirements
Insurers Axa, Astra, EximAsig, Euroins and Carpatica don't meet minimum capital requirements under Solvency II standards, which become mandatory as of January 1, 2016, Romania's financial re...
Negritoiu: Insurers’ Audit Aimed At Building Credibility On Insurance Market
Misu Negritoiu, head of Financial Supervisory Authority (ASF), confirmed Thursday that ASF will announce next week the results of the first stage of insurers’ examination, which is aimed at...
Brokerages Handled Premiums Accounting For Over Half Of Insurance Market In 2014
Insurance brokerages in 2014 brokered premiums worth 4.56 billion lei, up 16.3% from 2013, accounting for over 56% of the total gross premiums underwritten on the insurance market, according...
Regina Maria Founder: Healthcare Subscription Market Has Potential To Triple
Wargha Enayati, founder of private healthcare provider Regina Maria, a major player on this market, estimates the Romanian healthcare subscription market reached 600,000 units, but its poten...