Insurance market

PIB Group Europa has acquired Stein Bestasig Insurance Broker, which marks the debut of the UK-based company on the Romanian insurance market. Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised PIB…

Groupama, one of the leaders of the insurance market in Romania, announces the appointment of Alexandru Georgescu to the position of National Sales Director and member of the company's Executive Committee, starting on September 1, 2022.…

Romanian insurance market maintained an upward trend throughout years despite the challenges raised by the Covid-19 pandemics. Reporting a 5.6% growth rate in 2019, insurers ended the first year of the pandemic crisis with a 4.6% y-o-y…

5% increase on paid claims.   The new edition of XPRIMM Insurance Report CEE, SEE & CIS (1H 2021), providing an analysis of the financial results for over 30 markets from the mentioned regions, shows that the value of gross premiums…

Leader Team Broker, operating on the insurance market in Romania, has created a service aiming to improve the degree of retention for the employees in key industries. By a high level of benefits customization, to make them relevant for…

Leader Team Broker, player on the insurance market in Romania, has announced today that, as part of its international development plan, the company signed a strategic agreement with AXA – Global Healthcare. “For us, this partnership is…

The Competition Council (CC) has announced on Tuesday it has fined nine insurance companies and the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) by RON 246,739,195 (approx. EUR 53 million) for violating the…

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…

Overall, the Financial Supervisory Authority (ASF) received in the first half of 2017, 4,698 petitions, decreasing by 48.54 percent compared to the first half of 2016, a press release informs. Out of this total, 84.95 percent are petitions…

evoMAG extends its portfolio with a new category of products and services - insurance, planning to sell 10,000 policies in one year, as a press release informs. For the begining, evoMAG offers RCA insurance policies to customers and, in the…