Home / BUSINESS / FINANCIAL / INSURANCE

INSURANCE

Anna Grzelonska, new CEO of NN Asigurari de Viata

Anna Grzelonska

As of July 1, Polish Anna Grzelonska will be the new CEO of NN Asigurari de Viata, a press release informs. She is replacing Marius Popescu who was appointed Chief Executive Officer (CEO) of NN Group’s Turkish operations this April. ...

Read More »

Insurance consultants claim law on compulsory motor third party liability is anti-competitive

masini

The National Union of Intermediation Societies and Insurance Consultants in Romania (UNSICAR) will notify the European Commission if the compulsory third party car liability bill (RCA) is promulgated because it considers its provisions to be anti-competitive. “We believe that the ...

Read More »

ASF: Compulsory private pension funds had assets of RON 34.75bn on April 30

asf

Private compulsory pension funds had assets of about RON 34.75 billion on April 30, 2017, up by 32.15% against April 30, 2016, according to the Financial Supervisory Authority (ASF) information released on Monday. The state securities hold the largest share ...

Read More »

Competition Council investigates insurance companies: We suspect they exchanged information to increase the prices

bogdan chiritoiu

The Competition Council (CC) will complete in several months an investigation targeting the insurance companies. They are suspects of exchanging information to increase the prices of their products, CC President Bogdan Chiritoiu has said on Thursday. “There is an ongoing ...

Read More »

ASF: There are no reasons to increase RCA tariffs

RCA

There is no reason for price increase of the compulsory insurance policies (RCA), after lifting the tariff cap, on May 19, Misu Negritoiu, the President of the Financial Supervisory Authority (ASF) stated, digi24.ro informs. He explained that all financial indicators ...

Read More »

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

asirom

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 ...

Read More »

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), ...

Read More »