insurance
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Omniasig: We lost some of our traditional comprehensive insurance clients
Omniasig, the second-largest company on the Romanian insurance market last year, will see a 25% turnover decline in RON in the first six months of this year to 500 million RON, amid a declin...
Medical malpractice insurance: Why is it not working?
Many insurance companies have yet to settle any claims for medical malpractice insurance, which became mandatory four years ago, because patients in Romania do not know how to file such clai...
ING Asigurari bets on guaranteed capital insurance
ING Asigurari, the biggest life insurance company on the Romanian market, has launched its first euro-denominated unit-linked insurance product and expects sales to amount to 2 million euros...
Romania, fourth largest market for Austria's VIG
Romania is the fourth largest market for Austrian group Vienna Insurance (VIG), only behind Austria, the Czech Republic and Slovakia, after the Austrians have gradually built up a solid posi...
Insurers are again fighting for premium deductibility
Insurance companies are again striving to persuade the Finance Ministry to introduce fiscal deductibility for premiums paid for life insurance policies, maintaining the market would this way...
What does IMF think needs to be done on banking, insurance and capital markets?
Improvement of the people's access to financial services, increasing banks' capital and changes in the insurance and capital market legislation are the main steps the regulatory authorities...
ING puts insurance and private pensions division up for sale
Dutch group ING will put its insurance, private pensions and asset management companies on the Romanian market up for sale, companies that have over 2 million clients, as part of an extensiv...
Bucharest, over 52% in overall insurance in 2008
More than half of gross premiums insurers underwrote on the domestic market in 2008 were registered in Bucharest, where more than 1.26bn euros were collected, according to the Report of the...
Clients of bankrupt Euroasig receive 1.2m euros
Clients of Euroasig, an insurance company which filed for bankruptcy in December last year, had received 5.1 million RON (1.2 million euros) by the end of May from the Insured Clients Guaran...