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Romania, among VIG’s main markets for growth in premiums and profit in Q1

Increasing profit by almost 63 pc of Romanian subsidiary boosts VIG’s H1 financial results

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 ...

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Optional pension funds had assets worth RON 1.87 bn on end-March

ASF, surplus of RON 18.3 M last year from a deficit of almost RON 10 M in 2013

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 ...

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FinMin Teodorovici announces that Romanians can opt between Pension Pillar I and II. RON 1.1bn less in Pension Pillar II

FinMin: Romania eyes new agreement with IMF, EC

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 ...

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Omniasig posted gross written premiums of RON 1.06 bn in 2017, down by 2.24 pc

Omniasig, on upward trend: increase of almost 20 pc of gross written premiums in Q3

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 ...

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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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