INSURER
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Four Insurers Account for 75% of Comprehensive Car Insurance Sales
About 75% of the sales of comprehensive car insurance on the local market come from four major companies – Omniasig, Alllianz-Tiriac, Groupama and Generali. Total gross written premiums of t...
City Insurance and Euroins Account for 60% of Romania’s Auto Liability Insurance Market
The ranking of the companies selling mandatory auto liability insurance policies (RCA) has undergone significant changes in the past decade, with many of those with hefty market share in 200...
Asirom Remains General Insurance Market Leader In H1
The top five general insurance companies, which account for about half of the Romanian market, sold 2.5 billion lei (EUR562 million) worth of policies in the first half, an increase of more...
Leading Local Insurers’ Profits Up In 2015
The largest insurers in Romania posted higher annual profits in 2015, which means the overall loss of the market might drop this year, though a return to profit in 2016 is unlikely.
Lenders And Insurers Got Over EUR680M Capital Injections In Jan-Sep
Banks, insurers and all the other companies on the local financial market got more than 3 billion lei (EUR681 million) capital injections in the first nine months of the year, with most of t...
Insurers No Longer Willing To Cover Drought-Related Damages On Calamity Purposes
Romanian insurance companies are no longer willing to cover drought-related damaged mainly due to the catastrophic nature of the phenomenon, the large affected areas, the high probability to...
How Brokers Came To Dominate Sales Of Insurance Policies
Development by franchising, which is less costly than opening their own offices, has allowed insurance brokers to cover the entire country and eventually handle almost two thirds of the gros...
Insurers’ Aggregate Loss Down To RON36m In 2014
Local insurance companies posted 36 million lei (EUR8 million) aggregate loss in 2014, down from the more than RON1.3 billion in 2013.
Crisis Generated Long List Of Rebrandings In Banking Sector
Nine banks, insurance companies and leasing companies have changed their names in the last few years because they either changed owners or wanted to reinvent themselves to get rid of any pas...