LIFE INSURANCE
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Defense Ministry Wants To Buy Life Insurance For Troops Stationed Abroad
The Romanian Defense Ministry will organize an auction on February 27 to buy life insurance for troops deployed overseas.
Over EUR65M Worth Of Life Insurance Policies Cancelled In Nine Months
Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator C...
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...
Banks Have To Be Consultants, Not Just Sales Channel For Insurance
Sales of life insurance through banks can help develop the bancassurance segment only if banks become more than mere distribution channels and prepare their employees as consultants for clie...
Life Insurers To Provide Prospective Clients With Extra Information
Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to...
AXA Announces Ambitious Plans For Romanian Market: 100 Offices And 2,000 Consultants
A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans.
Aviva Asigurari de Viata 2010 Loss Widens 48% To RON19.9M
Romanian insurer Aviva Asigurari de Viata's losses widened last year by 48%, to 19.91 million lei (EUR4.67 million), as it sold 80.3% fewer policies at 25,274 units, and underwritten premium...
Coman, ING: Life Insurance Back To Two-Digit Growth Next Year
Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimat...
Alexandrescu, Alico: We Must Also Consider Low-Income Clients
With insurance policies starting from just EUR12 per year, Alico needs half a million clients so its portfolio will generate sufficiently high revenues.