insurance market
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Astra: Insurance market decline could slow down by yearend
Insurers are likely to partially recoup in the second half of the year the revenues they lost in the first quarter, when overall turnover dropped by 150 million lei amid the tightening competition on the auto liability segment, believes Radu Must`]ea, chairman...
Ciurel, AXA: We want to become a top five insurer in three years
AXA Life Insurance, a company that entered the Romanian market last year, when French giant AXA took over Omniasig Life, plans to become one of the top five players on the life insurance mar...
Insurance market goes in time back three years to less than 2bn euros
Insurance companies' underwritten premiums fell by 5.7% last year, to 8.36 billion lei (1.98 billion euros), because of lower sales of auto policies, according to data of the Insurance Super...
ING Asigurări turnover, up 3% last year, profit down to half
ING Asigurări, the biggest company on the life insurance market, last year saw gross underwritten premiums rise by 3%, to 543m lei (129m euros). However, the company's gross income halved ag...
Coman, ING Asigurări: Clients will seek guaranteed life insurance this year, too
Guaranteed life insurance and financial plans for children will be primarily targeted this year by clients seeking saving alternatives, given the continuing economic uncertainties, believes...
Astra, new leader of insurance market
Astra Asigurări, an insurance company controlled by businessman Dan Adamescu, has remained no. 1 after the first half of this year, according to information obtained by ZF, after recording a...
Head of Asirom expects two-digit decline for general insurance market
Austrian Boris Schneider says Asirom's profitability will be affected this year by the VAT raise, which will have a direct impact on the value of claims settled. Under the circumstances, the...
Insurance market down 4% in first four months
The insurance market saw a 4.4% decline in the first four months of the year, to 3.13 billion RON, according to the Insurance Supervisory Commission (CSA).
Generali likely to settle biggest claim on insurance market
Generali, a top ten insurer, is likely to settle the biggest claim on the domestic insurance market in the wake of the fire that broke last week in Dragonul Rosu shopping complex of Buchares...