INSURANCE

Vienna Insurance Group (VIG)’s large CEE markets in the Czech Republic, Poland and Romania were the driving engine for growth in premiums and profit (before taxes) in the first quarter of 2018, according to a press release. “We have succeeded ...

The optional pension funds’s assets reached almost RON 1,872 billion on March 31, 2018, up by 16.39 percent year-on-year, according to data released by the Financial Supervisory Authority (ASF). The state bonds had the highest weight within the assets, worth ...

Minister of Public Finance, Eugen Teodorovici, said on Tuesday that Romanians can opt between Pension Pillar I and Pillar II, adding that the Government will discuss this issue. Finance Minister Eugen Teodorovici has assured that the state can efficiently manage ...

Omniasig’s total volume of gross written premiums was RON 1.06 billion last year, 2.24 percent below the level registered in 2016. According to a press release, this decrease is mainly due to the diminishing of the gross written premiums on ...

The insurance market in Romania continued the upward trend in 2017 too and the insurance companies authorized and regulated by the Financial Supervisory Authority (ASF) subscribed gross premiums of RON 9.7 billion, 3.5 percent more compared to the previous year, ...

Three insurance companies – Euroins, City Insurance and Asirom – accounted for 57 percent of the total number of petitions received by the Financial Supervisory Authority (ASF) last year, being the insurance companies with the most complaints in Romania, as ...

The domestic compulsory motor insurance policies (RCA) market is becoming more and more attractive for important players. ”We will probably have, by mid-year, yet another big player to enter the Romanian market. It is a player coming from the United ...

Vienna Insurance Group (VIG) operations in Romania generated a profit before tax of EUR 6.2 million in 2017, up by 75.9 percent compared to 2016, when the profit was EUR 3.5 million, according to preliminary results for financial year 2017, ...

The average tariff for compulsory motor insurance policies (RCA) available for individuals is 9 percent higher than in 2017, and for legal entities – 11 percent higher, according to the Financial Supervisory Authority (ASF). Thus, the average weighted reference tariff ...

The Financial Supervisory Authority (ASF) and the Romanian Automotive Register (RAR) agreed to support the implementation and development of three important projects which impact on all vehicles in Romania, a press release informs. “Drivers in Romania, consumers of insurance products, ...