INSURANCE
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PAID Pays First Total Damage Claim For Mandatory Type B Home Insurance Policy
Romanian joint insurance company PAID on September 30 paid the first total damage claim for a type B building insured through a mandatory policy, worth EUR9,000, for a house in Iasi county,...
Policeman, Former Mayor, Leasing Company Manager And Electronics Engineer To Watch Over Insurance Market
The insurance market will be regulated by people who have barely had anything to do with this industry so far, which means politicians had the final say in the appointment of the new managem...
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...
Insurers Pay Hundreds Of Thousands Of Euros To Victims Of Road Accidents
Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only...
Five Romanian Companies Among Top 50 Insurers In Eastern Europe
Five insurance companies feature among the top 50 insurers in Central and Eastern Europe by gross premiums underwritten last year, with the cumulated value of the five companies’ business ex...
Romanian Insurer Ardaf 1H Profit Down 10%, To RON8.1M
Romanian insurer Ardaf reported net profit of 8.1 million lei (EUR1.9 million) in the first six months of 2011, down 10% on the year, and revenue of RON157.3 million, down 22% compared to 20...
Revolution In Insurance: The Impact Of Agent Certification Norms On The Market
Each certified insurance agent will have a card including information about attended courses and qualification. Agents must go through a certification test every three years.
Generali Wants 10% Of Romanian Insurance Market
Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acqu...
Personnel Dispatched To High-Risk Countries Might Have Health, Life Insurance
Romanian personnel on missions in Afghanistan, Algeria, Saudi Arabia, South Africa, Angola, Egypt, the United Arab Emirates, Jordan, Israel, India, Iran, Kenya, Kuwait, Libya, Nigeria, Pales...