INSURANCE
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Number of Insurance Contracts Up 3% by End of September
Insurers recorded more than 15.5 million policies at the end of the first nine months of 2019, 3% more than in the year-ago period, Financial Supervisory Authority (ASF) data show.
2019 in Review: Most Important Events in Insurance Sector
The year 2019 was a year of changes and shift to new technological solutions for the insurance sector, with insurers developing solutions and partnerships to be able to improve efficiency of...
Insurance Companies in Romania Report RON8B Underwritings in Jan-Nov, Up 9% YoY
Insurance companies in Romania underwrote gross premiums of RON8.13 billion in the first nine months of 2019, up 9% on the year, data from the financial regulator ASF showed Wednesday.
Omniasig Vienna Insurance Group To Insure Tarom Fleet For Second Consecutive Year
Omniasig, the largest company in the local portfolio of Austria’s Vienna Insurance Group (VIG), will be insuring the fleet of state-owned airline Tarom for the second consecutive year.
Medical Inflation Seen Dropping to 10% in Romania
The Romanian market will register a drop in medical inflation from 15% in 2018 to 10% this year, although the cost of medical services is on the rise globally.
Allianz-Tiriac Sees Only 2% Growth in Q1, 2019, Below 7% Market Rate
Allianz-Tiriac, the second largest insurer in Romania, announced a 2% increase in the gross written premiums in the first quarter of 2019, below the 7% growth rate of the market in the same...
Romanian Insurance Market Grows 7% in 1Q, to RON2.22B
Insurance companies operating in Romania had underwritings of RON2.72 billion in the first quarter of 2019, up 7% on the year, said Cristian Rosu, vice-president of the Financial Supervision...
Watford Insurance Enters Romanian Market
Watford Insurance Company Europe, a subsidiary of global insurance and reinsurance group Watford Re Ltd., launched its operations in Romania Wednesday.
H1 Insurance Broker Ranking: Safety Narrows Gap To Marsh
Competition at the top of the insurance brokerage market became fiercer in the first half, with Safety Broker narrowing the gap to leader US-held Marsh, which took the top spot at the beginn...