PREMIUM
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Vienna Insurance Group posts EUR202M net profit in H1
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, ended the first half with gross written premiums of EUR6.44 billion, an...
Romania’s Insurance Market Surges 46% to RON4.66B in Q1/2022
Romania’s insurance market reached a volume of underwritten gross premiums of RON4.66 billion in the first three months of 2022, a record increase of 46% compared with the year-ago period, t...
Allianz-Tiriac, Signal Iduna and Groupama Top Health Insurance Providers in Q1
Allianz-Tiriac ended the first quarter of 2021 with gross written premiums from health insurance of RON41.1 million, 11.4% lower than in the year-ago period and remained the leader of the he...
Life Insurance Up 28% to RON2.22B in Romania in Past Decade
Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, how...
Health Insurance Market Almost Triples in Five Years
Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past fi...
Radu Timis, Cris-Tim: Romanian Consumers Pay Less Attention To Price, Choose Premium Products
The first half ended with growth of about 14% to 15% in revenue for Cris-Tim meat and dairy group, its owner Radu Timis says, but the rise in the price of raw material and investment made at...
GTC About To Buy Two Office Buildings In Bucharest
Real estate company GTC Romania is about to buy Premium Plaza and Premium Point office buildings, real estate market sources say, in a deal put at EUR30 million to EUR40 million.
Premium And Private Label Products Eat Market Share From Mid-Range Products
Romanians spend EUR14 billion to EUR16 billion on fast moving consumer goods, that is food, beverages, cigarettes, personal and home care products a year.
Michael Kors To Open Second Romanian Store In Baneasa Shopping City
US premium brand Michael Kors is getting ready to open its second store in Romania, this time in the Baneasa Shopping City in northern Bucharest.