INSURANCE
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Clurfain, MetLife: We Have Fully Integrated Aviva, Are Looking For New Acquisitions
U.S. giant MetLife, which controls the third-largest insurance company in Romania, has completed the integration of British group Aviva's operations in Romania into its business and is now l...
VIG: Third-Quarter Results Impacted By Difficult Market Conditions In Romania And Italy
Austria’s Vienna Insurance Group (VIG) on Tuesday said its financial results for the third quarter of 2013 will be affected by difficult market conditions in Romania and Italy.
Gras Savoye Romania Has New General Manager
The Romanian unit of Gras Savoye, one of the world’s largest insurance brokers, has appointed Anca Roscaneanu as general manager.
Foreign Insurers Contributed EUR120M To The Capital Of Romanian Subsidiaries This Year
Insurance companies held by foreign groups received capital injections of EUR117 million since the beginning of this year, according to aggregate data from the Trade Registry. The bulk of th...
Asirom Wants To Grow Less Reliant On Car Insurance
Asirom, a top ten insurer, wants to balance its portfolio by growing less reliant on auto liability policies and emphasizing more profitable segments such as home or life insurance policies,...
Fraud Causes Romanian Insurers To Lose Up To EUR150M/Year - Association
Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, sai...
VIG Stays In Romania Because Of Its Potential, CEO Says
Romania remains an important market for the Vienna Insurance Group (VIG) even though the local business has shrunk by one third during the crisis and the Romanian operations were the only on...
Andriescu, UNSICAR: Insurance Brokers Want To Sell Bank Loans
Insurance brokers want to be able to sell other financial products, such as bank loans, in addition to insurance. A proposal to this effect is set to be finalized and to be sent to the Finan...
Romania Private Healthcare Market Still Depends On Subscriptions
Romania’s private health insurance market is growing quickly, but service healthcare providers estimate most of their business will still come from corporate subscribers in the coming years.