INSURANCE
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General Insurance Damage Claims Amount To RON2.13B In 1H
Romanian insurers paid general insurance damage claims amounting to 2.13 billion lei (about EUR502,000 million) in the first half of the year, insurer regulator CSA said in a press release F...
Stock Falls Wipe Out Tens Of Million Euros From Unit-Linked And Private Pension Accounts
Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts.
CSA: About 45% Of Homes In Romania Insured
The share of insured homes in Romania has reached 45%, up about 5 percentage points compared to June 30, when it stood at 40.3%, insurance regulator CSA president Angela Toncescu said in a p...
Banks And Leasing Companies Control Insurance Brokerage Market
Companies affiliated to banks and to leasing companies control the insurance brokerage market, as access to an extensive territorial network and exclusivity over hundreds of thousands of lea...
Employee Numbers In Romanian Insurance Industry Down 7.1% In 2010, To 19,060 - CSA
Romanian insurance and brokerage companies employed a total 19,058 people at the end of last year, down 7.1% compared to the end of 2009, according to a report of the Romanian insurance regu...
Alico Aims To Become Life Insurance Market Leader In Five Years
Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most.
Axa To Support Romanian Subsidiary With Investments For At Least Five Years
Romania will see the biggest development of the insurance market among Eastern European countries in the next few years, considering the low share to GDP of the insurance market and the fact...
Insurers Vie For 750,000 Clients Who Signed Six-Month Auto Liability Policies In Winter
Around 750,000 car owners are preparing to renew next month the auto liability insurance policies (RCA) they signed for a six-month period during the winter campaign, so that many insurers a...
Parliament To Decide Who Gets EUR2B Job Today
The Parliament has a session scheduled for 4 pm today during which it will hear the future management of the Insurance Supervisory Commission (CSA), the institution regulating a EUR2 billion...