insurers
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Insurers to be either solvent or insolvent
Insurance companies will no longer be divided into insolvent, possibly insolvent or solvent, but will simply be classified as solvent or insolvent companies, according to a change in regulat...
Petrom, deal of the year for insurers
The biggest deal that lies ahead of insurers and insurance brokers in Romania in 2004 is the privatisation of Petrom, a company whose assets are worth $3bn. The company, which is exposed to...
Insurers collect 91bn ROL from farming
The total premiums collected by insurers from selling farming insurance policies amount to 91bn ROL for the 2002-2003 farming year, the data supplied by the Ministry of Agriculture, Forests,...
School start turns into lucrative business for retailers, insurers try to profit, too
The beginning of the school year has proven, if necessary, that big money can be made from doing business with kids. At least this year, when the overlapping of two generations of first grad...
EU accession means competition for insurers
The lifting of the restriction to seal insurance contracts only with companies registered in Romania, the unification of the civil auto liability insurance with the Green Card one and a much...
Lending growth benefits insurers
Astra Asigurari collected $23 million's worth in gross premiums in H1, up 45% in nominal terms from the same time in 2002. "The increased number of housing loans and consumer credits is expe...
Foreign insurers to get the go-ahead for Romanian market
Few people may have thought about it so far, but whoever has actually dealt with this issue must have dubbed it an absurdity: Romanians or Romanian companies are (still) only allowed to buy...
Banks may own up to 100% in insurers
The stakes held by banks in insurance companies will be possible to reach as high as 100% of the latter's capital, as long as they keep within 60% of the bank's equity, according to the law...
One in five Romanian insurers faces solvency issues
More than one fifth of the companies operating on the insurance market are facing solvency issues, the Insurance Supervision Commission (CSA) said yesterday. This is the first official annou...