Insurance - Business Review


Global insurers lost record USD 144 billion from catastrophes in 2017

Insurance April 10, 2018 15:57 0 comments

Global insured losses from catastrophes hit USD 144 billion in 2017, a record high, according to Swiss Re, quoted by Reuters. The worst disasters were recorded last year in North America, with Hurricanes Harvey, Irma…more »

insurance market

Romania’s insurance market rose 3.5 pct in 2017, to RON 9.7 bln; life insurance up 21 pct

Insurance April 02, 2018 14:08 0 comments

The Romanian insurance market grew by 3.5 percent in 2017, up to RON 9.7 billion (EUR 2.1 billion), due mainly to the rapid increase of life insurance segment, but the market penetration of insurances declined,…more »

Groupama Asigurari

Groupama’s profit reached RON 46 mln in 2017 on higher written premiums

Insurance March 20, 2018 14:46 0 comments

Groupama Insurance said that its revenue from direct written premiums in Romania grew by 11 percent to RON 924 million in 2017 versus the previous year. The profit by IFRS standard was RON 46 million,…more »

Eurostat: Romanians on the last place in EU regarding financial assets and liabilities

Banking February 22, 2018 14:42 0 comments

Romanian households are on the last place in European Union for financial assets, as a percentage of gross domestic product (GDP), but are significantly less indebted than other European households, according to Eurostat data published…more »

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 »


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 »