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Insurance - archive

Lenka de MAURO: In Germany we expect the IDD law to be enforced by summer

In the following period, new changes regarding the European insurance legislation are expected. "Regarding IDD - Insurance Distribution Directive, in Germany we have made progress as far as the implementation process is concerned and we expect the IDD specific legislation to be enforced by this summer, taking into account the fact that we have elections coming up this autumn", Lenka de MAURO, Deputy Head of Office GDV - German Insurance Association - European Office, explained during the Insurance Market Trends Conference at FIAR 2017. more...

Cristian SAS: People have been accustomed with the idea that medical services are free

"The Romanian market needs private health insurance. The bad news is that people have been accustomed with the idea that medical services are either free or paid by someone else", stated Cristian SAS, ANIMA's CEO and the President of the Patients College, present at FIAR 2017, at the Health&Life Insurance Conference. more...

The health insurance client is a client won for the long term

"We have to change the way we think and we have to see the good things that the health insurance market can offer. It is a market with a two-digit growth and, for at least 5-6 years, we'll have a similar dynamic. Therefore, the client must be in the centre of attention. He/she is the starting point and, year by year, we have to improve the product portfolio", stated, during the Health&Life Insurance Conference, Dan DOBRE, Commercial Manager, SIGNAL IDUNA. more...

Insurance governance and distribution: two aspects that need to be radically changed in order for the private health insurance segment to grow in Romania

"Personally, I believe that the public health system is a partner, not a competitor, but it mainly offers only social assistance", Sorin MITITELU, President, BCR Asigurari de Viata VIG, declared during the Health & Life Insurance Conference at FIAR 2017. more...

Virgil SONCUTEAN: "The private health insurance market in Romania will report two-digit growths for many years"

"In the last 2-3 years, the health insurance market in Romania reported a significant development, but it started from a small base and that is why we shouldn't be impressed by the growth percentage. But the buying intention is developing", stated Virgil SONCUTEAN, CEO, ALLIANZ-TIRIAC Asigurari, during the Health & Life Insurance Conference taking place at FIAR 2017. more...

The 20th edition of FIAR - The International Insurance-Reinsurance Forum started on Sunday in Poiana Brasov

Re/Insurance professionals from all over the world, representatives of European authorities and national insurance organizations, specialists representing brokerage companies, lawyer firms, and many more companies from related domains gathered at Poiana Brasov in Romania at the 20th edition of FIAR - The International Insurance-Reinsurance Forum. more...

Romania: the new law on MTPL adopted; see here what are the main changes it provides for

The Chamber of Deputies (the lower house in Romania's bicameral Parliament) adopted on Tuesday, 16 May 2017, the New MTPL Law, which brings important changes to the local motor insurance industry. more...

The 20th edition of FIAR: A new location, conferences & workshops held by international specialists, hundreds of bilateral meetings

Taking place between May 21 and May 25, in a new location - Poiana Brasov in Romania - the 20th edition of the International Insurance-Reinsurance Forum - FIAR gathers well-known specialists representing over 125 international companies and offers its participants the chance to join specialized conferences and workshops analyzing the latest trends in the insurance, reinsurance and brokerage fields, as well to participate at networking events and bilateral meetings which will enable them to discover new business opportunities and to gather valuable insights and experience. more...

Romanian Nat Cat insurance system analyzed at FIAR 2017

FIAR's Nat Cat Conference will bring this year a comprehensive analysis of the property insurance market in Romania, starting from the mandatory segment of this specific market. more...

AXA's exit from the Romanian insurance market finalized

French insurer AXA exited the Romanian market after the sale of its Life & Savings insurance operations to Austrian-based VIENNA Insurance Group. The transaction was closed on 28 April 2017. more...

CertAsig largest insurance policies for ROMANIAN companies at EUR 77.8 mln in Q1 2017

Insurance company CertAsig registered the top insurance policies in a civil liability for a Romanian utility aviation company, for a technical insurance of a logistics company from Romania and an insurance policy for a infrastructure construction company from Romania, all of them amounting to EUR 77.8 million in the first quarter of 2017.
more...

FIAR 2017: New names join top speakers who will enrich the 20th edition of the Forum

A team of exquisite speakers will enrich FIAR - The International Insurance-Reinsurance Forum 20th edition's content, sharing their views on the most important topics in the insurance field today. more...

ROMANIA: OMNIASIG VIG - almost 11% increase in GWP in 2016

Romanian insurer OMNIASIG Vienna Insurance Group (VIG) recorded a positive development in 2016 on most of the activity segments, which generated a consolidated business growth of almost 11%, the company announced. more...

FIAR 2017: What to expect and how to adapt to the regulatory challenges in the European insurance landscape

Given the ongoing "regulatory storm" throughout the last years, insurers are still keeping an eye on forthcoming changes to the regulatory framework within which they must operate. And they are not just a few mild corrections, but significant changes which may seriously challenge insurers' capacity to adapt and simultaneously evolve. more...

FIAR 2017: Top representatives of BIPAR will put under scrutiny the IDD implementation process

Andre Van VARENBERG, Chairman, Brokers' Committee, BIPAR and Juan - Ramon PLA, Secretary General of BIPAR and Member of the EIOPA IRSG will address FIAR Conferences, presenting the latest developments in the IDD implementing process. more...

What will bring FIAR at its 20th anniversary edition?

This year FIAR - The International Insurance-Reinsurance Forum will see its 20th anniversary edition, celebrating not only a remarkable longevity, but also the long standing business relations - many of them established during the last two decades on its grounds. Besides a new location, situated in the most elegant Romanian mountain resort, the Forum will line up several conferences and an exquisite team of speakers. more...

STATISTICS: ROMANIA: The insurance market exceeded last year its historic peak in GWP terms

The Romanian insurance market continued its sustained growth trend in 2016 as well, reaching a GWP volume of RON 9.38 billion (or EUR 2.1 billion), 10% more y-o-y. The non-life insurance segment recorded an increase of 11% compared with 2015, while life insurance went up by 6%. The maximum growth rate over the previous year was recorded in health insurance, with approximately 95%. more...

ROMANIA: Coface to open IT development centrе in April

The Romanian unit of French credit insurance agency Coface said on Wednesday it will open an IT development centre in Bucharest in early April. more...

ROMANIA: EximBank will continue to issue insurance policies for Romanian companies until 2021

Until 2021, EximBank will continue to issue insurance policies on behalf of the Romanian state for Romanian companies faced with the private insurers' impossibility to cover commercial and political risks for the exports on the European Union market and the OECD countries, reads a press release of the bank sent on Thursday.
more...

New players on the Romanian MTPL insurance market

The Irish Euro Insurance DAC (commercial name LeasePlan Insurance) has received the Romanian Financial Supervisory Authority's positive answer for providing MTPL insurance in Romania, based on the EU FOS rights. more...

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