INSURANCE
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Car And Home Insurance Premiums Seen Rising In Upcoming Period
Premiums on mandatory car insurance RCA and mandatory home insurance could get more expensive in the upcoming period as insurance companies don't have enough resources to cover damage claims...
Provisional Data: Romania’s Insurance Market Up 1.8% In First Two Months, At RON1.39B
Romania’s life and non-life (general) insurance underwritten premiums reached 1.39 billion lei (EUR0.31 billion) in the first two months of 2014, up 1.8% from the year-earlier period, accord...
Transgaz to Pay EUR4.9M To BCR Asigurari de Viata For Employees' Health Insurance
BCR Asigurari de Viata will provide health insurance services for the 5,000 employees of Romanian natural gas pipeline operator Transgaz Medias (TGN.RO) for the next for years, under a EUR4....
Over 50% Of Insurance Premiums To Be Brokered This Year
The brokerage rate of insurance premiums in Romania will exceed 50% this year, from 47% in 2013, as demand for consultancy rises, while the insurance market will stagnate, as it did in 2013,...
Insurance Expert: ASF Should Be Dissolved, 60%-80% Of Employees Lack Necessary Training
The Financial Supervisory Authority should be dissolved, Cristian Constantinescu, one of the most experienced specialists in the insurance industry in Romania, told ZF in an interview.
Romanian Insurance Market Unchanged In 2013, At RON8.29B
The Romanian insurance market reached RON8.29 billion in 2013, just 0.4% higher than in 2012, and the sector's contribution to the gross domestic product dropped to 1.31% from 1.4% in 2012,...
Consultant: Insurers To See Business Growth If Policies Adjusted To Match Clients’ Needs
The Romanian insurance market holds a modest share in the country’s gross domestic product and the situation will not change unless insurance companies launch policies adjusted to match clie...
Uniqa Cashed In EUR68M Last Year In Romania
Austrian-held Uniqa, which owns two insurers in Romania, last year registered net premium income worth EUR68 million on the local market, 30% higher than in 2012.
Groupama Asigurari Revenue Slid By 10% To EUR165M In 2013
The Romanian subsidiary of French group Groupama underwrote premiums worth EUR165 million in 2013, down 10% on the year, due to the tighter underwriting policy, according to the group's fina...