Insurance - Business Review

Insurance

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 »

Romania’s Competition Council investigates the aviation insurances market

Insurance September 29, 2017 13:06 0 comments

The Competition Council announced that it sent inspectors at headquarters of the insurance companies Omniasig Vienna Insurance Group and Generali Romania Asigurare Reasigurare, as well as of the company Aon Romania Broker de Asigurare-Reasigurare, over…more »

Groupama Asigurari’ gross subscribed premiums up by over 5 pct in H1 to RON 462 mln

Insurance September 05, 2017 12:20 0 comments

The gross subscribed premiums of Groupama Asigurari went up by over 5 percent in the first semester of 2017, compared with the same period of 2016, to RON 462 million. “The results registered in the…more »

Vienna Insurance Group posts a profit hike in H1 due to Romania’s results

Insurance August 22, 2017 11:13 0 comments

Vienna Insurance Group (VIG) registered an increase in profit in the first half of  2017 primarily due to improvements in the combined ratio and financial result, particularly in Romania (62.9 percent) and Poland (58.4 percent).…more »

evoMAG to sell car insurance policies

Insurance July 25, 2017 14:01 0 comments

Online store evoMAG and Destine Broker de Asigurari have teamed up, aiming to sell 10,000 mandatory car insurance policies RCA each year. The site’s visitors can see, compare and select the offers from eight insurers,…more »

home insurance

PAID: Number of mandatory insured houses down in June by 3.48 pct

Insurance July 24, 2017 11:50 0 comments

The number of mandatory insured houses, under PAD policies, went down in June by 3.48 percent, reaching 1.67 million, compared with 1.73 million PAD policies active on June 31, 2016, according to statistics by the…more »