INSURANCE
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UNSAR Members' Underwritten Premiums Down 5% In Jan-Sept To RON4.9B
Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell about 5% in the first nine months of 2011 to 4.9 billion lei...
CSA To Cut Staff By Up To 10% Starting December 1
Romania’s insurance regulator CSA will reduce its number of offices from 28 to 12 starting December 1 and will cut staff by up to 10%, the institution said in a press release Wednesday.
Platinum Underwrote EUR1.2B In Contract Bond Premiums In First 9 Months Since Launch
Romanian insurer Platinum Asigurari underwrote EUR1.2 million in contract bond premiums, in the nine months since the product was launched, and expects to end the year with revenue of EUR1.6...
Insurer ING Asigurari De Viata 9-Mo Underwritten Premiums Up 0.8% To RON407.5M
Romanian insurer ING Asigurari de Viata underwrote premiums of 407.5 million lei (about EUR93.5 million) in the first nine months of the year, up 0.8% compared with September 2010, while its...
Insurers Pay Hundreds Of Thousands Of Euros In Damages To Car Accident Victims
The cases in which insurers pay damages of several hundred thousand euros to victims of car accidents are increasingly frequent as Romanians become aware of the fact that a simple auto liabi...
Alico Romania: Bancassurance May Help Banks Eliminate Deposit-Loan Fluctuations
Lenders in Romania should focus more on bancassurance, that may generate additional revenues and eliminate deposit-loan fluctuations, Theodor Alexandrescu, general manager of Alico Asigurari...
Euroins, Carpatica And Astra Got Highest Number Of Complaints In First Nine Months
Euroins, Carpatica Asigurari and Astra had the highest number of dissatisfied customers, with complaints sent to the Insurance Supervisory Commission (CSA) exceeding 3,000 in the first nine...
Health Ministry To Introduce Private Health Insurance
Romania's Health Ministry wants to introduce private health insurance, by creating private insurance houses supervised by the National Health Insurance House, said minister Ladislau Ritli on...
Owners Who Insured Their Homes Fearing Fines Do Not Extend Contracts
Many homeowners who bought mandatory home insurance policies last year fearing fines did not renew their policies when contracts expired, so that the total number of insured people dropped b...