Health insurance represents, for more than 10 years, some kind of "fata morgana" of the Romanian profile market. Year after year, we talk about the impressive potential of this segment, we are elaborating development strategies, we are designing products... However, results are still awaited... And discussions are starting again and again each time when the political factor changes.more...
Romanian's mentality makes him want to be owner, and not tenant... He has the sense of ownership... According to an EUROSTAT report, 96% of Romanians live in houses owned by them, while the average at European Community level is 65%.more...
The beginning of spring brings, this year, the optimism of analysts,
who point out more and more signals for economic revival in Romania.
Increasingly optimistic forecasts are making their way on the first
page of specialty publications, awaiting estimates of the National
Statistics Institute, to officially announce the end of the recession.more...
2010 ended with a decline. But another decrease was essential for the market, one that was registered in premiere for the last years by the Romanian profile industry: reduced claims on the general insurance segment.more...
Recent estimates of the insurance market leaders regarding its evolution, be they optimistic or pessimistic, indicate a negative dynamic for the current year. Moreover, they are stating that in 2010 they were forced to react, almost constantly, only in the sense of minimizing undesirable effects.more...
In economically uncertain times, protection of property and goods
becomes of special significance for everyone of us. If, initially,
population correctly perceived the need for household insurance,
recent contradictory messages are forcing the Romanians, cautious
and suspicious by nature, to remain in expectation until regulations
and messages become more consistent...more...
After long delays and, finally, the introduction of mandatory household insurance, the authorities come up with two important changes for this year: the applying of the fine is postponed until July 15th, 2011, and those who have bought voluntary insurance do not have to also buy the mandatory policy.more...
Romania's economy will resume its growth in 2011, according to estimates of most analysts in the field. However, among insurers there is a mood somewhere in between moderate optimism and pessimism. This is also because, between the moment when the economy gives the first signs of "defrosting" and insurance recovery there is a delay of eight months (two months for the banking industry and another 6 for insurance).more...
Although the claims had a continuos growth, as long as the volume of business had a positive dynamic, the effects of commercial underwriting upon the motor segment were less visible at market level.more...
After the first six months of 2010, one segment of the insurance market recorded a significant growth of 90%. We are talking about financial guarantees insurance.more...
Increasing customer satisfaction should be, theoretically speaking, the main development path of a company, be it dedicated to consumer goods, real estate or financial services market.more...
Monte Carlo, Baden-Baden, London, Frankfurt, Amsterdam, Bruxelles, Vienna, Prague, Istanbul, Chisinau - not to mention Moscow, Yalta and Tashkent - this are just a few international business hubs reached by the distribution area of PRIMM Magazine SPECIAL REPORT "CEE, RUSSIA & CIS Insurance Markets" survey.more...
September 15, 2008 - the day of the LEHMAN BROTHERS bankruptcy officially
marks the onset of what some analysts call the greatest economic crisis
in history
September 15, 2010 - two years later, the effects of the largest financial downturn
in history are still being felt, given that the global economy tries to find
the road to economic recovery...more...
Rising inflation, decreasing purchasing power and exports, exchange currencies
which variate with scary dynamics, IMF representatives that are the headlines
of the news we hear on TV every evening and a BINGO show whose ratings
are getting higher and higher.more...
After an extremely cold winter, a rainy spring that caused floods in
almost all Europe, summer has brought extreme temperatures, even in
regions where hot weather was just a word in the dictionary...
Devastating fires in the Moscow area are an example in this respect...
The weather is in constant change, 2010 will be the warmest year in history...more...
Nearly two years after the onset of the global financial turmoil, insurance
companies can say that they have learned some important lessons, either
from their own experiences or from those of their colleagues. They understand
now the essential role that communication and customer relations have
in maintaining a good image of the company, given that the effects of
the crisis can have serious negative consequences upon consumer confidence.more...
One year after the global financial crisis has begun, insurers and reinsurers
alike are looking ahead to new times. This was the opening of my previous
editorial, written in preparation of Baden-Baden 2009. More than half
a year past and the groom economical situation has heavily impacted on
the markets.more...
It's not a secret either that the average Romanian is skeptical regarding
insurance, or that he insures himself out of obligation (most often), or
if he is smarter (more rarely) or... more experienced. Ultra-sufficient
spirit, ultra-conservatory, but also a hyper-optimistic nature, the average
Romanian not only knows everything, but also considers anything can happen
to anyone, except him!more...
Insurers are sending contradictory signals. Some love the MTPL, and that
is reflected by lower rates. After a while, the financial indicators force
them to return to worse feelings regarding MTPL and tarrifs fall into normal
on a market in which this segment brings losses. So, although not always
the same ones, in the market there are companies that regularly love the
MTPL.more...
Information circulated by the media lately is talking about alarming
increases of the MTPL tariffs.
Allegations relate to the fact that this increase is unjustified and
that buying the MTPL policy should remain at the decision of the driver,
without being imposed by the law.more...
"I am proud to lead this growth region for ALLIANZ and to build on the success to date that has been achieved. Today we have 7.5 million customers in the region, meaning that people see us as a trusted and reliable partner."Details
