INSURANCE
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Tarom Wants To Insure Fleet For $2.4M
Romanian state-owned airline Tarom wants to insure its fleet for some $2.4 million, according to a notice of intent issued by the company.
Brokerage Firms To Bring Half Of Romania's Insurance Premiums By 2014
The share of insurance premiums brokered by brokerage firms will exceed 50% of total underwritten premiums by 2014, as brokers have expanded networks and increased the quality of services, B...
Romanian Insurance Market Sees 5.8% Growth In 2012 After Three Years Of Decline
The Romanian insurance market posted 5.8% growth last year, to 8.27 billion lei (EUR188 million), after declining nearly 12% in 2009-2011, from RON8.87 billion to RON7.82 billion, the countr...
Romanian Insurance Market Helped By RCA Segment In 2012
Major insurers felt to a lesser extent the effects of the crisis in 2012 after three years when their businesses plummeted, but few companies managed to boost their sales on segments other t...
Insurers To Contribute 1% of RCA Underwritten Premiums To Road Accident Fund
Romanian insurers which sell mandatory car insurance policies RCA will transfer 1% of gross underwritten premiums on this segment to the fund protecting the victims of road accidents, accord...
Romanian Insurers See No Major Changes On Local Market In 2013, Expect 3%-5% Growth
Romania’s general and life insurance market will see no major changes in 2013 and it is expected to grow by 3% to 5% backed by higher tariffs at mandatory car insurance (RCA) policies and st...
Transgaz Wants To Ink Four-Year Insurance Policy To Cover Faulty Management
Romanian state-owned natural gas transporter Transgaz (TGN.RO) will organize an auction in the first half of February to buy a civil liability insurance policy targeting the company’s manage...
CSA: Insurers Must Ensure RCA Premiums Will Cover Both Risks, Profit Margin
Insurers in Romania will rethink mandatory car insurance (RCA) policy prices so as to make sure that revenues estimated for an interval of 12 months will cover risks, costs and their profit...
Insurers Moderately Optimistic, See Single-Digit Growth In 2013
The insurance industry could grow this year but do it at a slow pace, as few insurers see double-digit growth. Most of them, however, do expect growth to return to this market in 2013 after...