INSURANCE
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2016 In Review: Ten Most Important Events In Insurance Industry
The capping of the auto liability insurance (RCA) rates shattered insurers’ optimism about the market and turned 2016 into a disastrous year.
Insurers And Brokers Have To Spend Time Trying To Make Sense Of Legislation Instead Of Growing Their Business
The increasingly frequent legislative changes that are farther and farther away from the model of a competitive framework as used in the West only serve to hinder the development of the loca...
Freight Carrier: Auto Liability Insurance Cuts Our Profit Margin By At Least 20%
Agil Trans, a road freight carrier in Romania, is now paying 22,000 lei (almost EUR5,000) auto liability insurance (RCA) per 16-ton vehicle, over seven times higher than the RON3,000 it used...
Romania Insurance Market Posted 11% Higher Underwritten Gross Premiums, Of RON5B, In 1H/2016
Romania’s insurance market registered total underwritten gross premiums of RON5 billion in the first half of 2016, up 11% compared with the same period a year ago.
Signal Iduna Sold RON22M Worth Of Insurance Policies In 1H/2016
German Signal Iduna, the largest life insurance company on the Romanian market, sold insurance policies worth RON21.47 million (EUR4.8 million) in January-June 2016.
Asirom Ranks First On Romanian Insurance Market In 1Q
Romanian insurer Asirom, owned by Austria’s Vienna Insurance Group (VIG), ranked first among insurance companies operating on the local market in the first quarter of the year, with underwri...
NN Romania 1Q Gross Underwritten Premiums Up 2.6% To RON157.4M
NN Romania ended the first quarter of 2016 with a 2.6% increase in gross underwritten premiums, to RON157.4 million, compared with same period a year ago, with the average premium reaching n...
Allianz-Tiriac Asigurari 1Q Overall Underwritings Up 9% To RON299M
Insurance company Allianz-Țiriac Asigurari registered total underwritings of RON299 million in January-March 2016, up 9% on the year, while its consolidated operating profit rose to RON26 mi...
Groupama Asigurari Paid Damage Claims Worth Nearly EUR100M In 2015
Insurance company Groupama Asigurari on Friday said it paid damage claims of nearly EUR100 million in 2015 on the non-life insurance segment, and 68% of the amount targeted legal entities.