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Uniqa Revenue Down 28% In January-September
The two local subsidiaries of the Austrian-held insurer Uniqa ended the first nine months with about EUR73 million gross written premiums, down 28% on the year-ago period, as a result of the...
Sales Of Expensive Cars Lag Behind Auto Market
Registrations of new premium and luxury cars increased by just 6% in the first half of the year, according to the Driver License and Vehicle Registration Department (DRPCIV), to a little mor...
Auto Liability Policies And Low Market Share Insurance See Growth In 1Q
Financial loss insurance and auto liability insurance were among the insurance classes to see the highest growth in the volume of gross written premiums in January-March compared with the ye...
Romania’s Annual Premium Coffee Consumption Tops EUR50M
Romania’s annual consumption of premium coffee (ground coffee and beans, excluding instant coffee), in restaurants, outdoor bars and coffee shops amounts to $50 million-$65 million (EUR44 mi...
Banks Grant Loans To “Premium” Clients To Buy Romgaz Shares
The initial public offering (IPO) of 15% in state-run natural gas producer Romgaz, the largest offering in the history of the Bucharest Stock Exchange, has made a lot of commotion on the fin...
Asirom Wants To Grow Less Reliant On Car Insurance
Asirom, a top ten insurer, wants to balance its portfolio by growing less reliant on auto liability policies and emphasizing more profitable segments such as home or life insurance policies,...
Brokerage Firms To Bring Half Of Romania's Insurance Premiums By 2014
The share of insurance premiums brokered by brokerage firms will exceed 50% of total underwritten premiums by 2014, as brokers have expanded networks and increased the quality of services, B...
Average Annualized Premium On RCA Segment Down 4% In January-September
The average annualized premium on the mandatory car insurance (RCA) segment stood at 455 lei (EUR100) in the first nine months of 2012, down 4% from RON472 in the same interval a year ago, a...
Insurance Companies Ceded Premiums Of RON1.1B To Reinsurers In Jan-Sept
The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) ceded premiums of 1.1 billion lei (EUR0.24 billion) to reinsurers in January-September, up 20% on...