INSURANCE
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Groupama Hits RON870M Gross Underwritings in Jan-Sept 2021, Up 15% from Year-Earlier Period
Groupama Asigurari, the Romanian subsidiary of the French group of the same name, saw the volume of gross underwritten premiums go up by 15% in the first nine months of this year, to around...
Safety Broker Acquired By CEE’s Biggest Insurance Broker Unilink
Safety Broker, Romania’s biggest insurance broker, was sold to Poland's Unilink, the biggest insurance brokerage group in Central and Eastern Europe (CEE)..
Allianz Group Hits EUR9.9M Operating Profit in Jan-Sept 2021, Up 27.2% YoY
Germany’s Allianz group, present in Romania through insurer Allianz-Tiriac, ended the first nine months of 2021 with EUR7.26 billion revenues, 38.9% higher than in the same period of 2020, a...
Euroins Romania Stakeholders OK RON120M Capital Increase
Stakeholders of Euroins Romania, the second largest third party vehicle insurance (RCA) insurer domestically, part of Bulgaria’s Eurohold group, approved a RON120 million capital increase, a...
Uniqa Asigurari Expects 10-15% Higher Gross Underwritings on Retail Segment at End-2021
Uniqa insurer is likely to see the volume of gross underwritten premiums on the retail segment rise by 10-15% this year, above the 8-10% increase the market may register at the end of 2021,...
Omniasig Reached RON730M in Gross Underwritten Premiums in 1H/2021, Over 10% Higher Vs 1H/2020
Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first half of 2021 with a volume of gross underwritten premiums worth RON730 million, more tha...
Austrian-owned Uniqa Ends 1H/2021 with EUR3.7M Profit, EUR50.8M Underwritten Premiums in Romania
Uniqa Asigurari reported gross underwritten premiums worth EUR18.7 million, for the first half of this year, on the non-automotive insurance segment, up 3% from the same period of 2020, whil...
Insurance Sector Assets Reach 2.27% of GDP in 2020
The non-bank financial system assets reached RON143.46 billion in 2020, an increase of 8% year-on-year and accounted for 13.59% of the GDP. This is a new high and 2.27% of it comes from the...
Pandemic Made Romanians More Interested in Insurance Products
Romanians have become more interested in the protection offered by insurance in the wake of the COVID-19 pandemic and four in ten Romanians said they were more interested in health insurance...