INSURANCE
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Uniqa Revenue Down 28% In January-September
The two local subsidiaries of the Austrian-held insurer Uniqa ended the first nine months with about EUR73 million gross written premiums, down 28% on the year-ago period, as a result of the...
Posta Romana Insurance Brokerage Division Targets Market Leader Position In One Year
The Romanian state-owned postal operator's insurance brokerage division, Posta Romana Broker de Asigurare, plans to become the biggest player on the market in the next year and estimates its...
French AXA Increases Capital Of Romanian Subsidiary
AXA Asigurari, the local subsidiary of French group AXA, raised its capital by EUR1.1 million in August, with total capital injections by the French group reaching some EUR3 million in 2014,...
Omniasig And Signal Iduna Provide Health Insurance To OMV Petrom Employees
Omniasig, the third largest insurer in Romania, and the local subsidiary of Germany's Signal Iduna will issue an employee benefits-type health insurance policy for the almost 20,000 employee...
Romanians Spend 21 Times Less On Insurance Than Other Europeans
Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according...
Brokers, The Favorite Distribution Channel For Car Insurance In Romania
Carpatica Asig, Euroins and City Insurance lead in the ranking of insurers banking on brokerages for the distribution of their policies, with around 90% of premiums being generated through t...
ASF: Insurers In Romania Underwrote Premiums Of RON3.97B In 1H, Down 6.8% On Year
Insurers in Romania underwrote premiums of RON3.97 billion on the general and life insurance segments in the half of 2014, down 6.8% on the year, and paid damage claims of RON2.47 billion, d...
Posta Romania Broker de Asigurare Gets License To Operate
Romania’s Financial Supervisory Authority (ASF) has granted license to Posta Romania Broker de Asigurare allowing it to start operating on the market, representatives of state-run postal com...
Metropolitan Life Wants To Become Market Leader
US MetLife, which owns insurer Metropolitan Life in Romania, will not give up its goal to become number one on this market, even though rival ING Asigurari has been clinging on to that posit...