insurances
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Crisis reaches insurance market
Insurance companies have started seeing their turnovers tumble this year, by two-digit rates, after the market stagnated last year, and estimates for the end of 2010 are not upbeat at all.
VIG turnover down 12% in Q1, profit rising
Vienna Insurance Group (VIG), the biggest group on the domestic insurance market, ended the first quarter with total underwritten premiums worth 147.4m euros, down 12% from a year ago, accor...
Insurers' business stagnate but claims leap 40%
Gross premiums underwritten by insurers in the first nine months of this year stagnated at 6.7 billion RON (1.6 billion euros) compared with the similar period of 2008, whilst claims settled...
Astra Asigurari insurer: Turnover will rise 10-15% next year
Astra, one of the top ten insurance companies, forecasts a 10-15% increase in gross underwritten premiums for 2009, significantly lower than the 80% advance recorded this year, said Radu Mus...