Asirom, the main contributor to VIG’s growth in Romania in 2016


Asirom Vienna Insurance Group (Asirom VIG), one of the leading insurance companies on the market, registered in 2016 an operating profit of RON 3.93 million, and consolidated revenues from premiums (general and life insurance) of RON 1.07 billion, a 45 ...

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ASF: Pension funds in Romania can not be nationalized

Pension funds

Romania’s mandatory private pension funds (Pillar II) are fully powered from state allocations. But these allowances once transferred to funds on behalf of Romanian citizens as beneficiaries, become assets in private property and they can not be withdrawn or nationalized (confiscated), ...

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NN Pensions, fined RON 750,000 by ASF. Checks to be conducted at BCR Pensions as well. PM Grindeanu mentions possible ‘legal actions’


The Financial Supervisory Authority (ASF) Council has decided on Thursday to sanction NN Pensions (Pensii) by RON 750,000 – i.e. 1% of the company’s share capital, considering the circumstances of impairing the participants in the private pension system’s confidence, said ...

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Omniasig posts an increase of almost 11 pc in gross written premiums in 2016


For Omniasig, part of Vienna Insurance Group (VIG), 2016 was the year in which the company registered a positive development on most of the activity segments, strengthening its position on the non-life insurance market. According to a press release, the ...

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Finance Minister: We won’t nationalize pension Pillar II, it is an aberrant option

viorel stefan

Finance Minister Viorel Stefan was requested by Prime Minister Sorin Grindeanu, at the beginning of the Government sitting on Wednesday, to clarify the information published by the media on the nationalization of pension Pillar II. “I understand that you will ...

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