insurance
311 articole · RSS
Insurance market exceeds $700m
The gross premiums collected by insurance companies amounted to nearly 24,000bn ROL ($725 million) last year, the representatives of the Insurance Supervision Commission (CSA) announced. "Ju...
Battle over $130m auto liability insurance market
The battle over the $130m market of auto liability insurance, which started at the end of last week when the Insurance Supervision Commission (CSA) authorised 13 companies to sell this type...
Romania, Europe's insurance laggard
Romania is 83rd in the world and last in Europe in a ranking of those countries whose insurance market is worth over $150 million, if looking at the weight of the insurance sector in the eco...
Insurance sector not done yet
Legislation in relation to the insurance sector lacks precision, and both implementing provisions and the decisions of the Romanian Insurance Supervisory Commission (CSA) are not always cons...
Omniasig wins Otopeni insurance contract
Omniasig has won the airport liability, goods damage, professional accident and disease insurance contracts for the Bucharest-Otopeni International Airport (AIBO). The contracts are worth ab...
Unita bets on life insurance
Unita Timisoara insurance company plans to launch a more extensive development programme aimed at the life insurance segment and comprising mainly products with an accumulation component, ne...
Fast-spreading borrowing frenzy forces Insurance Supervision Commission to take steps
The fast-spreading crediting frenzy among individuals has alarmed not only the banking system supervision authorities but also the insurance supervisors. The sales of credit and guarantee in...
No "blackout" risk insurance in Romania
Should a massive blackout occur in Romania, almost no company could resort to an insurer to recoup the damages caused by the electricity outage (data losses, delivery delays or breaks in the...
Romanian insurance market heading for $1bn boom
The insurance market is heading for $700 million this year and, should the H1 45% growth pace keep up, we may be looking at one billion dollars next year. The soaring numbers can be grounded...