insurance
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Asirom's targets in 2011: double income and higher market share
Asirom, a top ten insurer, controlled by Austria's Vienna Insurance, wants to recover market share lost in the past two years and has budgeted two-digit turnover growth in 2011 and double profit from 19.5m lei (4.6m euros) in 2010.
CSA: Rising number of cases where premiums collected by brokers no longer reach insurers
Brokers are complaining insurance companies are imposing them abusive clauses in intermediation contracts and are often refusing to pay them the owed fees, but the Insurance Supervision Comm...
Omniasig turnover slips 17%, profit halves
Omniasig, the third largest insurer on the market, controlled by Austria's Vienna Insurance, last year derived gross income worth 21.8m lei (5.2m euros), down 58% from 2009, according to pre...
Undecided battle at the top of insurance market: Astra has more underwritten premiums, Allianz has more collected premiums
Astra Asigurări, a company controlled by businessman Dan Adamescu, climbed to the top position of the ranking of Romanian insurance companies after underwriting 1.11 billion lei (264 million...
Car accident victims get tens of million RON from insurers for bodily injuries
Claims settled by insurers for bodily injuries suffered in the wake of car accidents rose, as a weight in total indemnities paid for civil liability car insurance (RCA), around three times i...
Allianz: One client files 10m-RON auto liability claim
On the Romanian market there is a rising trend of personal injury claims resulting from car accidents, which puts upward pressure on the price of auto liability insurance, says Rangam Bir, g...
CSA withdraws authorisation of Aviva heads on account of irregularities
The Insurance Supervisory Commission (CSA) decided in August to withdraw the authorisations given to Bartos Janos, president of the Board of Directors of Aviva Asigurări de Viață (Aviva Life...
Eureko is downbeat: life insurance to stall for another two years
The life insurance market will stagnate this year and in 2011 and is to register slight increases of 2% and 4%, respectively, in 2012 and 2013, according to the estimates of Dutch group Eure...
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...