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Insurance

NN Asigurari

NN Pensii: The measures taken by ASF don’t affect the situation of the pensions fund administered by NN

Insurance April 14, 2017 11:31 0 comments

The measures taken on Thursday by the Financial Supervision Authority (ASF) don’t affect the situation of the pensions fund administered by NN and the savings for pensions of the approximately 1.9 million participants, says NN…more »

city insurance

City Insurance informed ASF on the applicability of a financing mechanism of EUR 30 mln

Finance April 13, 2017 15:25 0 comments

City Insurance says it informed on March 15 the Financial Supervision Authority (ASF) on the measures approved by the authority, including the applicability of a financing mechanism of EUR 30 million imposed through the decisions…more »

Mihai Tecau_Omniasig VIG

OMNIASIG VIG’s gross insurance premiums up 11 pct to RON 1 bln in 2016

Insurance April 12, 2017 16:31 0 comments

OMNIASIG Vienna Insurance Group (VIG) said its insurnace gross premiums volume rose by close to 11 percent last year. In 2016, the company redefined the strategic lines on medium term and maintained the financial indicators…more »

Elisabeth Stadler

VIG’s total gross premiums gain 24.4 pct to EUR 533.4 mln, in Romania, in 2016

Insurance March 23, 2017 11:32 0 comments

Vienna Insurance Group (VIG) said that the total gross premiums recorded in Romania reached EUR 533.4 million in 2016, up by 24.4 percent compared to 2015. Also, the profit before taxes was EUR 3.5 million…more »

ASF

ASF: Romanian insurance market hits fresh record of RON 10 bln in 2016

Insurance March 22, 2017 11:18 0 comments

Romania's insurance market went up by 10 percent in 2016 to a record-level of RON 10 billion, out of which the mandatory insurances segment with auto civil responsibility (RCA) continued to have the highest share,…more »

groupama_asigurari_calin_matei

Groupama Asigurari’s subscribed gross premiums up by 16 pct to EUR 207 mln in 2016

Insurance March 20, 2017 15:45 0 comments

Insurance company Groupama Asigurari, owned by the French group Groupama, registered an increase of 16 percent of the subscribed gross premiums in 2016, compared with 2015, by five percentage points over the average level of…more »

life_insurance

Analysis: Life insurers in Romania seek new growth drivers | The role of financial education

Insurance March 07, 2017 15:45 0 comments BR Exclusive

Even though insurers have struggled to increase the penetration of life insurance policies on the local market, Romania is still lagging behind its European peers in this area. Investments in long-term financial educational programs, combined…more »

viktor boczan provident financial

Provident Financial Romania to launch online consumer loans, insurance

Finance March 03, 2017 13:24 0 comments

The British group International Personal Finance (IPF), which oiwns Provident Financial Romania, granted loans of over GBP 301 million in Romania, Hungary and Bulgaria last year. This accounted for a growth of 17 percent compared…more »

online banking

Romania’s biggest deals in 2016: Banking/Financial Services/Insurance

Banking March 01, 2017 16:11 0 comments BR Exclusive

Here are the main deals in the food and beverages sectors that were registered last year. For a forecast regarding the mergers and acquisition market in 2017, you can read this exclusive article. BANKING Forte…more »

ASF

New player on the Romanian insurance market: Bulgarian DallBogg gets green light from regulator

Insurance February 27, 2017 19:40 0 comments

The Financial Supervision Authority (ASF) has  approved the entrance of Bulgaria-based DallBogg on the Romanian insurance market. DallBogg can offer services for RCA-auto civil responsibility insurance, starting February 22. DallBogg was set up in 2008…more »