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INSURANCE

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Banks-Insurance

Life Insurers Have Moderate Expectations: 5% Market Growth

Romanian life insurance companies’ share could go up to 22% of the total insurance market in 2011. This is still lower than in neighboring countries.

Ciprian Botea · 15.06.2011 · 00:00 · 1 min
Health

Private Health Insurance Market Could Grow To EUR5B Through Radical Reforms

Romania's private health insurance market could grow to EUR4-5 billion in a few years, from under EUR10 million at the moment, if authorities adopted the Dutch model, whereby almost the enti...

Radu Bostan · 09.06.2011 · 14:51 · 1 min
Insurers Transfer Risks After Fighting On Auto Liability Segment With Very Low Prices
Banks-Insurance

Insurers Transfer Risks After Fighting On Auto Liability Segment With Very Low Prices

The ten biggest general insurers transferred premiums worth 358 million lei (around EUR85 million) to reinsurers in the first quarter of 2011, up 56% from a year ago.

Ciprian Botea · 02.06.2011 · 23:59 · 1 min
Banks-Insurance

CSA: Several Top Insurers Want To Enter Romanian Market Lured By Growth Potential

Several top insurers, including some European Union-based companies, want to enter the Romanian market enticed by the low penetration rate and the high growth potential, insurer regulator CS...

Tudor Ioana Raluca · 26.05.2011 · 01:37 · 1 min
Coman, ING: Life Insurance, Still “Exotic Realm” For Romanians
Banks-Insurance

Coman, ING: Life Insurance, Still “Exotic Realm” For Romanians

Life insurance is an “exotic realm” for Romanians due to their low income and job insecurity, although people realize the importance of this type of insurance and of saving money for retirem...

Tudor Ioana Raluca · 25.05.2011 · 16:16 · 1 min
Banks-Insurance

CSA: Romania's Insurance Sector 2010 Net Loss At RON41M, 59.9% Lower On Year

Romania’s insurance industry registered a cumulated net loss of 41.37 million lei (EUR10 million) in 2010, lower by 59.9% compared to the level posted in 2009, Tuesday said Angela Toncescu,...

Gavrila Oana · 24.05.2011 · 11:55 · 2 min
Banks-Insurance

Only 3 Insurers Gained Market Share In First Quarter

Only three of the top ten insurers in terms of the volume of gross premiums underwritten grew their market share over the first quarter.

ZF English · 24.05.2011 · 00:00 · 2 min
Banks-Insurance

PAID: 500,000 Mandatory Home Insurance Policies Sold Since July 2010

The number of mandatory home insurance policies issued in Romania between July 15, 2010 and May 16, 2011 reached 496,672, according to data released by the Insurance Pool against Disasters,...

Ioana Tudor · 19.05.2011 · 15:07 · 1 min
Banks-Insurance

Health Insurance Still Just A Market "With Potential" Until Healthcare Reform

Health insurance has been the segment with the highest growth potential for insurers for many years, but the potential failed to materialize until now, BUSINESS Magazin reports.

ZF English · 15.05.2011 · 23:59 · 2 min