INSURANCE
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François Coste Appointed GM At Romanian Insurer Groupama Asigurari
François Coste has been appointed to the position of general manager of Romanian insurer Groupama Asigurari to replace Sanda Nicoara, the insurer said in a press release Thursday.
Bankruptcy Procedure Will Also Apply To Reinsurers
The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill approved Wednesday by Romania's Government, which amends Law 503/2004 o...
2012 – The Year Of Major Changes On The Pharmaceutical And Healthcare Market
Of all the sectors in the economy, the healthcare sector is likely to be targeted by the most changes in 2012. The new health law, which will be debated over the course of this year, aims to...
Bankruptcy Procedure To Also Apply To Reinsurers – Bill
The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill put forward by the Romanian Finance Ministry.
Romanians Who Fail To Pay Health Insurance Contributions To Receive Only Emergency Care - Bill
Romanians who fail to pay their health insurance contribution will receive medical care only in emergency situations, in infectious disease cases and for illnesses included in the national i...
CSA Starts Checkups At Astra Asigurari
Romania’s insurance regulator CSA on Friday started checkups at insurer Astra Asigurari after it received notifications regarding the Astra Medica Bonus insurance policy, CSA said in a press...
Several Associations, Insurers Sign Protocol To Support Healthcare Reform
Two Romanian associations, four insurers, several private healthcare operators and the Union of Insurance Brokers on Thursday signed a protocol to work together to enhance the country’s heal...
Over EUR65M Worth Of Life Insurance Policies Cancelled In Nine Months
Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator C...
Voluntary Home Insurance Market Surged In 3Q, Mandatory Segment Lags Behind
Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past mont...