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ASF: The insurance market increased by 3.5 pc in 2017 to RON 9.7 bn

ASF: Domestic insurance market in 2015 remained in the red

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, ...

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A US-based large company to enter the Romanian RCA market

A US-based large company to enter the Romanian RCA market

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 ...

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VIG Romania in 2017: gross profit grew by 76 pc, to EUR 6.2 M

VIG doubled its profit in Romania, although businesses declined by 7.5 pc

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, ...

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RCA rates increase on average by 9-11 pc

RCA tariffs' capping, on EU table. EC accepted UNSAR’s petition

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 ...

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ASF and RAR, partners in implementing important projects for all vehicles in Romania

ASF and RAR, partners in implementing important projects for all vehicles in Romania

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, ...

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CertAsig achieves 12 pc growth in first 9 mo of 2017

CertAsig achieves 12 pc growth in first 9 mo of 2017

CertAsig, a Romanian specialized insurance company focused exclusively on corporate insurance, recorded a EUR 11 million in total gross underwritten premiums during the first three quarters of the current year, a 12 percent growth versus the same period of last ...

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