Insurance - Business Review


VIG Romania Vienna Insurance Group

Vienna Insurance Group’s premium development in Romania down by 7.5 pct in Q1

Insurance May 23, 2017 11:05 0 comments

The premium development in Romania of Vienna Insurance Group went down by 7.5 percent in the first quarter of the year, a negative impact brought by the regulatory cap the government placed on motor third…more »


UNSICAR: RCA legislation is non-competitive, we’ll notify the EC if the law is approved

Insurance May 22, 2017 13:33 0 comments

The National Union of Intermediation and Consultancies in Insurances from Romania (UNSICAR) will notify the the European Commission, the executive arm of the European Union, if the auto civil responsibility insurance (RCA) law is promulgated,…more »


AXA capitalizes its Romanian subsidiary by over RON 90 mln before sale

Insurance May 19, 2017 16:52 0 comments

French company AXA injected over RON 90 million its Romanian subsidiary, an operation approved by shareholders before closing the sale to BCR Life and Omniasig, subsidiaries of the Austrian group Vienna Insurance Group (VIG), according…more »


Misu Negritoiu loses ASF leadership following vote in Parliament

Insurance May 11, 2017 14:56 0 comments

MPs voted on Thursday to dismiss Misu Negritoiu as president of the Financial Supervision Authority (ASF), following last month’s scandal that involved NN Pensii and the rumors regarding the nationalization of the second pension pillar,…more »


CertAsig largest insurance policies for Romanian companies at EUR 77.8 mln in Q1 2017

Insurance April 27, 2017 14:43 0 comments

Insurance company CertAsig registered the top insurance policies in a civil liability for a Romanian utility aviation company, for a technical insurance of a logistics company from Romania and an insurance policy for a infrastructure…more »

home insurance

Number of mandatory insured houses policies to 1.67 mln in March, says PAID

Insurance April 25, 2017 07:00 0 comments

The number of mandatory insured houses policies went up by 2.23 percent reaching to March 31 to 1.67 million , compared with 1.64 million policies PAD in 31 March 2016, according to the statistics of…more »

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 »