INSURANCE
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Romanian Insurance Market Rose 3.2% In 1H To RON4.3B
The Romanian general and life insurance market rose 3.2% in the first half of 2013 to 4.3 billion lei (EUR0.96 billion), while damages paid by insurers fell 1.2% to RON2.5 billion, according...
ASF Withdrew Licenses Of 21 Insurance Brokers In January-August
Romania’s Financial Supervisory Authority, or ASF, withdrew, temporarily or permanently, the licenses of 21 insurance brokers in the first eight months of the year mainly because they breach...
Where Romanians Insure Their Houses And Cars
Romanian-held Astra leads the ranking of insurers that get the largest revenues from property policies, with gross underwritten premiums of 177 million lei (EUR40 million) in the first six m...
Insurers Outside PAID May Sell Mandatory Home Insurance Under Collaboration Protocols
Insurers that are not part of the Romanian Pool of Insurance Against Natural Disasters (PAID) will be allowed to sell mandatory home insurance policies under collaboration protocols with PAI...
Survey: 22% Of Romanians Buy Car Insurance Online
A Consumer Barometer survey by Google, TNS Infratest and IAB Europe shows that 22% of Romanians buy car insurance online, which is close to the European average of 26%.
Tarom Wants To Open Fleet Insurance Auctions To All European Insurers Starting 2014
Romania’s state-owned airline Tarom wants to allow any European insurance company in its fleet insurance auctions starting 2014 after local insurer Astra Asigurari was awarded the contract f...
Former CSA Reports Loss Of RON15M For 2012
Former insurance market regulator CSA, whose duties have been taken over this year by the Financial Supervisory Authority, registered loss of 15 million lei (EUR3.4 million) last year, down...
Asirom VIG To Insure RATB’s Fleet For RON2.74M
Insurer Asirom VIG will insure the fleet of Bucharest’s public transport authority RATB for 2.74 million (EUR0.62 million) and the mandatory car insurance (RCA) contract is valid for one yea...
Romanian Insurance Industry Posts Loss In 2012 For Eighth Year In A Row
The Romanian insurance industry posted loss for the eighth year in a row in 2012, registering a net loss of RON321.6 million, down 1.3% from 2011, according to Trade Registry data.