insurance market
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Insurance market at 1.26bn euros after 7 months
The insurance market amounted to 5.3 billion RON (1.26 billion euros) seven months into this year, according to the latest data from the Insurance Supervisory Commission (CSA), after July sa...
What if Groupama had started a business from scratch instead of making acquisitions?
The investment made by Groupama on the insurance market is the largest on the Romanian financial market, second only to the amount paid by Austria-based Erste for the largest bank on the Rom...
Groupama invests 2.5m euros in biggest launch on insurance market
France-based Groupama will spend around 2.5 million euros (in net sums) to promote its Romania-based company, Groupama Asigurari (Groupama Insurance), which resulted from the merger of Asiba...
Groupama: We have taken hundreds of measures to become profitable
French group Groupama, the biggest investor on the domestic insurance market that paid almost half a billion euros to buy Asiban, BT Asigurari and OTP Garancia in 2007 and 2008, posted a 12%...
First decline of Allianz-Tiriac business, 4.5% in Q1
Allianz-Tiriac, the leader of the insurance market, witnessed the first decline of its business, 4.5% in the first quarter of 2009 compared with the corresponding period of 2008, to 351.3 mi...
Generali's profit down almost four times
Generali, one of the top ten players on the insurance market, saw its profit decline almost four-fold last year, to 0.9 million RON (0.25 million euros), according to data published by the c...
Acquisition of BCR insurers brings VIG's market share to over 30.5%
The insurance market, which reached 2.4 billion euros last year, is dominated by four major groups: VIG, Allianz, Groupama and Generali PPF, which have an almost 70% cumulated market share.
Insurance market reaches 2.38bn euros, up 11%
The Romanian insurance market exceeded 2.38 billion euros (over 8.78 billion RON) in 2008, an 11% rise on the previous year, according to preliminary data from the Insurance Supervisory Comm...