INSURANCE
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25% Of Auto Liability Insurance Claim Settlement Goes To Moral Damages
Insurance companies settled claims for moral damages and personal injury under auto liability policies (RCA) worth 134 million lei (EUR30.5 million) in the first three months of 2014, or 25%...
Auto Liability Policies And Low Market Share Insurance See Growth In 1Q
Financial loss insurance and auto liability insurance were among the insurance classes to see the highest growth in the volume of gross written premiums in January-March compared with the ye...
ASF: Damage Claims Up 1%, Underwritten Premiums Down 3.4% In 1Q/2014
Insurance companies in Romania paid damage claims of RON1.31 billion in the first three months of 2014, up 0.93% on the year, while revenues from underwritten premiums fell 3.4% to RON2.05 b...
PAID Damage Claims In January-May Match Equal 75% Of 2013 Claims
Romania’s Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance, paid damage claims of RON358,380 in January-May, 75% of the total damage claims it paid t...
Large Insurers In Romania Sacked 1,500 Staff In 2013
The seven largest insurers in Romania cut the number of employees by 15% last year, keeping only 9,000, which shows the restructuring process has picked up speed after five years of signific...
Law On Setting Up Body Of Experts To Evaluate Car Damages Would Trigger Higher RCA Tariffs
The adopting of a draft law on setting up a body of technical experts for the evaluation of car damages might trigger the increase of the tarrifs for mandatory car insurance policies (RCA),...
Allianz Underwrote EUR58M Gross Premiums On General Insurance In Romania In 1Q/2014
German insurance group Allianz Wednesday said it underwrote gross premiums on the general insurance segment of EUR58 million in Romania in the first quarter of 2014, up 5.5% from EUR55 milli...
Online Computer And Electronics Retailer Cel.ro Expects EUR40M Sales In 2014
Corsar Online, the company behind cel.ro, one of the largest computer and electronics retailers in Romania, expects a 60% surge in sales to EUR40 million this year, after adding mandatory ca...
Six Government Institutions Fail To Agree On Actual Staff Number In Romania
Confusion as to how many employees there are in Romania increased at the end of last week after a report of the National Trade Union Bloc, one of the most powerful trade union organizations...