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Tag Archives: insurance

Increase of average premium for transport companies caused by bankruptcy, increase of average loss ratio

News September 08, 2016 18:01 0 comments

The increase by 50 percent of the average premium for transport companies is motivated by the bankruptcy of two insurance company that were covering almost half of the RCA market, but also the fact that…more »

omniasig vig

Omniasig VIG posts EUR 154 mln premiums in first nine months

Insurance December 14, 2015 13:41 0 comments

Omniasig Vienna Insurance Group (VIG) reported gross written premiums (GWP) worth RON 694.31 million (EUR 153.88 million) during the first nine months of 2015, a 19.47 percent hike year on year. The insurer posted profits…more »

Carpatica Asig

Carpatica Asig subscriptions fall 16 pct in H1 2015

Insurance September 11, 2015 14:16 0 comments

Carpatica Asig underwrote gross premiums of RON 257.26 million in the first six months, down by 15.7 percent over the same period last year, announced the company. This was in line with expectations, driven by…more »

Anca Babaneata Gothaer Asigurari Reasigurari

Gothaer Asigurari Reasigurari sees net results 50 pct over previsions

Insurance September 08, 2015 12:48 0 comments

Gothaer Asigurari Reasigurari registered RON 36.41 million (EUR 8.23 million) in gross written premium (GWP) during H1 2015, outlining a selective underwritten portfolio, in a decreasing trend compared to the same period of last year.…more »

insurers

Remi Vrignaud: “Even in a scenario of extreme severity most insurers will be able to pay”

Insurance July 24, 2015 13:29 0 comments

A number of Romanian insurers need to take swift action to strengthen their financial and solvency positions, says a report on the insurance market by the Financial Supervisory Authority (ASF).   The Balance Sheet Review…more »

insurance

Premium policies: local insurance market tries to get back on track (2)

Insurance June 30, 2015 10:03 0 comments BR Exclusive

[This is part two of a longer story. To read part one, please click here] After a difficult year, the Romanian insurance sector is striving to recover and regain customers’ trust. Stability, sustainability and a…more »

insurance

Premium policies: local insurance market tries to get back on track (1)

Insurance June 29, 2015 17:12 0 comments BR Exclusive

After a difficult year, the Romanian insurance sector is striving to recover and regain customers’ trust. Stability, sustainability and a focus on promoting the benefits of insurance policies to a customer base with only hazy…more »

M&A activities

M&A in global financial services will intensify, says EY

News June 29, 2015 13:15 0 comments

Trading activity is expected to intensify in global financial services, as 46 percent of the executives of these companies intend to carry out mergers and acquisitions (M&A) over the next 12 months, shows the Ernst…more »

VIG sees 19.5 market share in Romania in 2014

Insurance April 14, 2015 10:58 0 comments

The ongoing restructuring and recent improvements in the market situation have returned the leading insurance group in Austria and the CEE region Vienna Insurance Group (VIG) to earnings area in Romania. According to a press…more »

"insurance market romania"

Certasig to insure three Bucharest shows for EUR 10 million

Insurance January 15, 2015 16:39 0 comments

Certasig will insure the Cirque du Soleil, Joaquim Cortez and Mariza events in Bucharest for the sum of EUR 10 million. Leader team is the broker behind the insurance policy. Cirque du Soleil will hold…more »