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Insurance market in Romania, untouched by the international crisis
Insurance premiums at the European level have continued the declining trend in the first half of 2008, according to the latest study of insurance markets conducted by Marsh, the largest insurance broker in the world. However, the report underlines the fact that some trends have been accelerated...
Tarrifs for RCA insurances to record an increase by over 30%
Most of the insurance companies have raised the tarrifs for the RCA policies with 30-40%, and for Casco insurances with over 20%. Although, in the European countries the costs for mending vehicles decreased, in our country have been doubled. The statistics of the Road Police show that the number...
AIG Life doubled its profit
The company AIG Life Asigurari Romania ended the first semester of 2008 with businesses over 140 million lei in increase with 51% against 2007, the same period. In euro the volume of subscribed gross premiums increased to 38 million, in increase with 37%. The reported gross profit is of 24...
Change at the head of Generali Asigurari
Tudor Moldovan, general director and president of the Directorate of Generali Asigurari, accepted the offer received from the Generali PPF Holding - that of being directly involved in all the business projects from the Central and Eastern Europe. Generali, major shareholder of Generali...
SCPPS confirms Eugen Voicu
The Council of the Supervision Commission of the Private Pension System (SCPPS) gave the approval for changing the authorization documentation of the Aviva Administration Company of a Private Pension Fund SA. By this approval SCPPS approves the appointment as general director of the company of...
Norms in debate
The representatives of the Supervision Commission of the Private Pension System (SCPPS) and of the National Securities Commission analyzed the norm project regarding the allocation to the social capital necessary to the investment administration company, respective the insurance company for the...
The mergers must be approved by the Competition Council
The Supervision Commission of the Private Pension System (SCPPS) prepares the project of a norm concerning the mergers and the acquisitions from the private pensions fund market. Through this, the administrators will be able to merge in the way to don’t exceed a market share higher than...
In 2008, the trend remains the same
In the experts’ opinion, the most dynamic segments of the insurance market will continue to be in 2008, also, the auto insurances, private pensions and corporation sector. By the advanced estimations of the auto experts, in 2008 the auto market will exceed, most probably, the limit of...
Life insurances, durable growth on long term
The value of the new life insurance contracts increased in the last quarter from 2007 with 47,7%, against the period July-September, evolution sustained by the private pension sales from Romania, which contributed with 116 million euro, it is shown in the financial report of ING Group. The...
The SMEs sector, a market with huge potential
In Romania there are over 400.000 SMEs which represent an approached market till now, more like the big companies, with quite complex requirements. The insurers must adapt the strategies of drawing of potential corporate clients, to new realities and companies structures from business...
