life insurance
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Life insurance companies prepare for another difficult year
Life insurance companies, which saw their business fall for the first time last year, by 10% on the overall market, are preparing for another difficult year, with the market expected to either stagnate or see a slight rise in 2010.
ING Asigurari: New policy sales will stagnate
New life insurance sales will remain at last year's level on the Romanian market, but the share of unit-linked policies, i.e. of insurance linked to investment funds, will see a decline, acc...
Grawe pays 500,000 euros on cancelled policies
Grawe, one of the top ten life insurance companies on the Romanian market, paid almost 500,000 euros to clients that cancelled their life insurance contracts in the last three months of last...
More and more clients are terminating their life insurance contracts
Increasingly more Romanians are giving up life insurance products contracted in previous years, even though they get less money than they had saved, because many of them need cash, while oth...
Life insurance and private pension market - excess potential, not enough trust
The Romanian market of insurance and private pensions has a huge growth potential and the crisis the segment is going through has to do with trust rather than financial reasons, said the spe...
Insurers' ranking nine months into the year
More than half of the top ten general and life insurance companies saw their market shares go down in the first nine months, but there were also a few players whose business grew and they cl...
AIG Life: Guaranteed life insurance sells the best in times of crisis
According to Theodor Alexandrescu, CEO of AIG Life, only agents who mainly sell unit-linked policies will see declines over the next few months.
BCR's life insurance company doubles turnover after nine months
BCR Asigurari de Viata, the third largest player on the life insurance market, underwrote gross premiums worth 118.4 million RON (32.5 million euros) in the first nine months, up 96% against...
Why life insurance is not tax-deductible
Life insurance has existed on the Romanian market for over ten years, but so far companies have not managed to obtain tax deductibility, while in Western countries, it has been implemented f...