Insurance - Business Review

Insurance

Euroins Romania

Euroins exceeds RON 1 bln from subscriptions, RCA dominates portfolio

Insurance February 09, 2018 11:43 0 comments

Euroins Romania, the third local insurer by market share, has subscribed insurance premiums worth BGN 472.9 million (RON 1.12 billion), a 22 percent growth from the previous year, according to Bulgarian group Eurohold. According to…more »

icon_omniasig

OMNIASIG board members’ terms renewed for four years

Insurance December 21, 2017 15:35 0 comments

OMNIASIG Vienna Insurance Group’s Oversight Council decided to extend the terms of the company’s board members for a period of four years. Currently, the OMNIASIG board is made up of five members, including a President…more »

Londongate Investment and Management Group to develop corporate and SME insurance sector of Leader Team Insurance Broker

Insurance December 04, 2017 16:11 0 comments

Londongate Investment and Management Group will make an investment in Leader Team Insurance Broker. It will impact the area of products and services, performance indicators and partnership network management. The most significant changes will target…more »

home insurance

PAID: Number of mandatory insured houses down in October by 2.7 pct

Insurance December 04, 2017 09:51 0 comments

The number of mandatory insured houses went down year-on-year in October by 2.7 percent to 1.67 million, according to the statistics of the Pool of Insurance Against Natural Disasters (PAID), the company that issues this…more »

CertAsig posts 12 pct growth in first 9 months of 2017

Insurance November 29, 2017 15:33 0 comments

CertAsig, a Romanian specialized insurance company focused exclusively on corporate insurance, achieved EUR 11 million overall gross underwritten premiums during the first three quarters of the current year, a 12 percent growth year-on-year. Over 4,000…more »

Metropolitan Life launches e-Claims, application facilitating Romanians’ access to damages

Insurance October 31, 2017 16:35 0 comments

Metropolitan Life launches e-Claims, the application facilitating Romanian clients the faster access to damages in case of the insured events. The application offers an easy manner of damages requirements transmission no matter the policy closing…more »

BVB

Transilvania Broker to sell 25 pct stake in IPO

Insurance October 24, 2017 11:49 0 comments

Transilvania Broker for Insurance shareholders want to get up to RON 9.68 million from the company’s listing on the Bucharest Stock Exchange. As part of the IPO, Login Gabriel wants to sell 15 percent stake…more »

insurance market

Romanian insurance market is stable, says ASF

Insurance October 23, 2017 15:50 0 comments

The Romanian insurance market is stable and characterized by safety indices improvement, according to the Financial Surveillance Authority (ASF). “Romania's insurance market exceeded the imbalance moment and is stable and growing today. We are moving…more »

home insurance

Over 80 pct of the Romanian houses are not insured

Insurance October 09, 2017 16:28 0 comments

Over 80 pct of the Romanian houses are not insured, taking into account that Romania has a wide range of risks such as earthquake, floods, landslides, according to the Pool of Insurance Against Natural Disasters…more »

M&A alert. BCR Asigurari to merge with AXA Life Insurance Romania

Insurance October 02, 2017 11:57 0 comments

AXA Life Insurance’ shareholders initiated the merger by absorption process, resulting in the absorption of former local subsidiary of French AXA by BCR Asigurari de Viata Vienna Insurance Group, under the approval of the Financial…more »