INSURERS
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Parent Groups Add EUR550M To Capital Of Romanian Banks And Insurers
Foreign-held banks and insurance companies received more than EUR550 million in capital injections this year to offset the huge losses and meet the solvency requirements of the central bank...
Only Two Of Top Ten Local Insurers Kept Top Executives During Economic Crisis
Large insurance companies in Romania have changed their strategies during the crisis to slow down the decline in turnover and the new economic context has forced eight of the top ten insurer...
New Insurers Want To Join Mandatory Private Insurance Providers PAID
Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structu...
Insurers: We Cannot Say If The New Healthcare Bill Is Attractive Unless We Have A Clear Basic Healthcare Package
Launching for debate the new healthcare bill has left insurance companies in the dark again, as they are faced with the same difficulties, said Theodor Alexandrescu, general manager of insur...
Romanian Insurance Staff Shrunk 19.7% In 2011, To Nearly 15,300
Insurance and brokerage companies in Romania reported nearly 15,300 employees at the end of 2011, down 19.7% from 2010, according to data provided by the country’s insurance regulator CSA.
Allianz-Tiriac CEO: Subsidiaries Of Foreign Insurers Must Rely On Their Own Resources
Romanian subsidiaries of foreign insurance companies should rely more on their own efforts and less on potential capital inflows from shareholders who are highly unlikely to keep operating c...
Agriculture Minister Says Insurers Should Become More Flexible In Relation With Farmers
Romanian Agriculture Minister Stelian Fuia on Thursday said insurers should become more flexible in their relation with farmers and discard several absurd rules.
Life Insurance Policies Worth A Record RON233M Canceled In 1H
Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (E...
Car Part Suppliers Accuse Insurers Of Violating Damage Claim Payment Norms
The Romanian Association of Car Part Suppliers (ADPAR) accuses insurers which sell mandatory civil liability car insurance policies of violating damage claim payment regulations, by illegall...