INSURANCE
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Romanian Insurers Underwrote Premiums Of EUR52M In EU In January-September
Romanian insurers underwrote gross premiums of about 232 million lei (EUR52 million) in several European Union member states in the first nine months of 2012, up 27% on the year, according t...
Reform Of Financial Markets Goes Only Half-Way
The future single watchdog of Romania’s financial markets could be no more than a formal change because it is still parties who appoint the management.
Only One In Seven Romanians Has An Insurance Policy
Only three million Romanians or about 15% of the total population had a life or health insurance policy at the end of last year. In comparison, one quarter of the people in Hungary, and almo...
GfK: Only 15% Of Romanians Have Private Insurance Vs CEE Average At 26%
Only 15% of the Romanian population has a personal life, accident, health or private pension insurance, compared with an average of 26% in the Central and Eastern Europe, a survey of researc...
Insurance Claims Up 12%, Premiums Flat In January-September
The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 3.2 billion lei (EUR710 million) general insurance claims in the first nine months, up 12%...
CSA's Guarantee Fund To Cover Damages Of Up To EUR1B In Case Of Major Earthquake
The guarantee fund of Romanian insurance market regulator CSA will pay damages capped at EUR1 billion in case of major natural disasters if the companies that issued property insurance polic...
CSA: Insurers Solely Responsible For Setting Mandatory Car Insurance Prices
Prices of premium on mandatory car insurance (RCA) are set exclusively by insurers, the Romanian insurance watchdog CSA said Tuesday.
Insurance Companies Ceded Premiums Of RON1.1B To Reinsurers In Jan-Sept
The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) ceded premiums of 1.1 billion lei (EUR0.24 billion) to reinsurers in January-September, up 20% on...
Parent Groups Add EUR550M To Capital Of Romanian Banks And Insurers
Foreign-held banks and insurance companies received more than EUR550 million in capital injections this year to offset the huge losses and meet the solvency requirements of the central bank...