insurers

Sustainability is expected to drive a massive shift for the Chief Financial Officer (CFO) function, which will likely manage more non-financial than financial data in the coming years, as the EU Corporate Sustainability Reporting Directive…

Only 25% of the price of the RCA policy representing the payment of damages, and 75% is collected by the insurers, draws the attention of the Confederation of Authorized Operators and Transporters from Romania (COTAR). According to the…

Insurers’ growth and profitability will most likely be negatively impacted in 2023 by the current macroeconomic and geopolitical challenges such as the threat of global recession, effects of Russia’s invasion of Ukraine and lingering…

 FintechOS Leap, the free banking and insurance event from FintechOS, a global technology provider for banks, insurers, credit unions and other financial services companies, will be taking place between 2nd – 3rd November 2021. The event…

IFC is investing $10 million in FintechOS, a global technology provider for banks, insurers and other financial services companies that was founded in Romania. FintechOS’s platform powers modern, digital customer journeys that have the…

International Investment Bank (IIB) recently attracted a new round of financing on the Romanian capital market, for the fifth consecutive year. The bonds, with a 3yrs maturity and a fixed interest rate of 3.98% p.a. payable annually,…

During July-December 2016, the insurance companies approved 119,623 claims files for RCA motor insurance policies, Financial Supervisory Authority (ASF) data show. The analysis shows that the average duration for the settlement of RCA…

54.70 percent of the MTPL claim files in the first half of 2016, namely 45,643, were paid within the 10 day- term, the legal deadline, the Financial Supervisory Authority (ASF) analysis reads, quoted by a press release. Thus, during…

The Foreign Investors Council (FIC) has been monitoring the recent developments on the compulsory auto insurance (RCA) market and would like to signal the risk that this important market might become fully blocked. “Romania is a free…

An analysis of Consumer Protection Department within the Financial Supervisory Authority (ASF) reveals that Asirom, Euroins and City Insurance recorded the lowest level of compliance in relation to customer needs, as profit.ro informs.…