For more than 50 years, the beginning of September represents, for the
elite of the worlds insurance, reinsurance and brokerage markets, the
Meeting from Monte Carlo - Les Rendez-Vous de Septembre. Thus, starting
Saturday, September 10th, the best known leaders and experts in these
fields will meet for six days in the capital of the monegasc
principality, with the purpose of negotiation and renewal of reinsurance
programs for next year.more...
(12.09.2011)
PORSCHE Broker, MARSH Romania and UNICREDIT Insurance Broker are the top
three brokerage companies in the Romanian insurance market, by the
criterion of the mediated premiums volume in the six months of the
current years, show the preliminary data centralized by INSURANCE
Profile.more...
(06.09.2011)
GENERALI Group representatives presented, officially, the new company
GENERALI Romania, resulting from the merger of GENERALI Asigurari and
ARDAF. As an immediate result of this merger, GENERALI Romania becomes
the 7th player on the Romanian insurance market, with a market share of
6.7% (according to the Insurance PROFILE data for the first semester of
2011).more...
(05.09.2011)
The top of insurance companies at the end of the first half of 2011 does
not bring changes at the level of the first three insurance companies.
With an underwritings volume of EUR 133.6 million, the first position
goes to the company ASTRA - a nominal decrease in EUR by 4.6% compared
to 1H/2010. The second position is held by ALLIANZ-TIRIAC (underwritings
of EUR 109.4 million), while the third company on the profile market in
Romania is OMNIASIG which, with a volume of gross written premiums of
EUR 103.6 million, marked a decrease of 11.2%.more...
(31.08.2011)
The insurance market in Romania ended the first half of this year with
underwritings of RON 4.02 billion, the 7.43% decrease compared with the
same period in 2010 being determined by the evolution of motor
insurance, which has registered a decline of 19.1%, to RON 2.13 billion.
This decrease in income did not affect companies' ability to pay claims
and insurance indemnisations, the total volume of payments being RON
2.47 billion, representing, as in the same period of last year, more
than 60% of gross written premiums, according to the Insurance
Supervisory Commission.more...
(26.08.2011)
GENERALI and ARDAF shareholders, as well as the supervisory authority of
the insurance market in Romania, have approved, on the 25th of August,
the merger of the two companies, GENERALI and ARDAF, starting the 1st of
September 2011.more...
(26.08.2011)
The company OMNIASIG VIENNA Insurance Group ended the first half of this
year with a volume of underwritings amounting to RON 433.13 million,
according to IFRS Standards, down by 10.54%. The results are consistent
with the evolution of the entire insurance market in Romania, which is
experiencing significant declines, especially on the motor insurance
segment, a segment that also holds the largest share in the OMNIASIG
portfolio, respectively 77.92%, the company announced on the 25th of
August 2011.more...
(26.08.2011)
The President of the Green Card Council of Bureaux, Mariusz WICHTOWSKI,
confirmed his presence as keynote-speaker at the Motor Insurance
Conference - Bulgaria 2011, event that will take place on September
27th, 2011, in Sofia, under the title "Cross-border Cooperation". During
the event, Mariusz WICHTOWSKI will hold a presentation on potential
solutions and dangers in claims management and financial discipline in
the Green Card system.more...
(23.08.2011)
EUREKO Asigurari ended the first half of this year with an increase of
9.6% of gross written premiums, to RON 21.8 million, compared with same
period last year. This evolution was supported by a 34% increase of
underwritings correspondent to health insurance, to RON 6.13 million, a
result that guaranteed that the company maintained its leading position
on this segment, with an estimated market share of 40%.more...
(22.08.2011)
ASIROM, company member of VIENNA Insurance Group, ended the first half
of this year with a 30.2% increase in business, up to a total of RON
368.6 million (EUR 88.2 million). Gross written premiums on non-life
amounted to RON 324.4 million, registering a 37.3% advance, under the
circumstances of doubling up to RON 197 million of underwritings on the
MTPL segment, which in 1H/2011 represented a little over RON 100
million.more...
(19.08.2011)
In the first six months of the year, member companies of VIENNA
Insurance Group in Romania have underwritten premiums worth EUR 275.8
million, only 0.6% over the level reported in the same period of 2010,
when businesses totaled EUR 274 million. Profit before tax was EUR 1.6
million, as VIG managed in the second quarter to recover the EUR 5
million loss reported for the first three months, but compared to
1H/2010, profit fell by nearly nine times (from EUR 14.3 million).
According to statements of Gunter GEYER, CEO of VIG, the fusion between
OMNIASIG and BCR Asigurari will strengthen the underwritings and the
position of the group on the Romanian market.more...
(18.08.2011)
ALLIANZ-TIRIAC reported for the first six months of this year a pre-tax
profit of RON 5.5 million, calculated in accordance with International
Accounting Standards (IFRS). The insurer ended the first half with total
underwritings of RON 460.3 million, 15% less than in 1H/2010, when
gross written premium income had been RON 543 million. On the non-life
segment, the company's business stood at RON 410 million, 17% below the
level from January-June 2010, following the evolution of motor lines, in
the context of the leasing sector decline and of a policy of prudential
underwriting on MTPL. However, non-motor insurance classes continued
their upward trend, registering, cumulated, a growth of about 5 percent,
to a quarterly level of underwritings of RON 120 million.more...
(17.08.2011)
The 23 companies members of UNSAR have cumulated in the first 6 months
of 2011 a total of underwritings of about RON 3.3 billion, down by 8.7%
in nominal terms, compared to the same period of last year. The share of
Union's member companies in total underwritings of the insurance market
is about 80%.more...
(16.08.2011)
Over the last five years, foreign investors have made large capital
infusions to strengthen the financial capacity of insurance companies
held in Romania. Thus, in late 2010, the value of the underwritten
foreign capital was 8.8 times higher than in early 2006. Thus, the share
of foreign capital increased by 42.5 percentage points in the same
period, from 49% in 2006 to 91.4% at the end of 2010, up from 88.65% at
the end of 2009.more...
(11.08.2011)
The company ASTRA Asigurari, the leader of the Romanian profile market, registered in the first six months of 2011 a 7.5 times increase of the gross profit, to RON 82 million, compared to RON 11 million in 1H/2010. The company also reported an increase of 57% of gross written premiums on the property segment, compared to the same period in 2010.more...
(10.08.2011)
OMNIASIG shareholders called on EGM on the 4th of August approved the preliminary merger of OMNIASIG and BCR Asigurari, both members of the Austrian group VIENNA Insurance, according to some market sources. They also empowered the directorate of the company to prepare the merger project, which shall be submitted after at the National Trade Office.more...
(10.08.2011)
In the first six months of the current year, the number of approved claims as a result of road accidents caused on Romanian territory by vehicles registered in Bulgaria rose by 31% compared to the same period last year, reaching 1,798 claims files.more...
(09.08.2011)
ING Asigurari de Viata ended the first half of 2011 with a volume of gross written premiums of RON 272.7 million, a level similar to that registered in 1H/2010 (EUR 275.6 million). This result comes, however, in the context of an economic evolution where the purchasing power of population has decreased (in May 2011, the index of the real salary income compared to the same period of 2010 was 94.2%, according to the National Statistics Institute).more...
(08.08.2011)
Florin GOLOVATIC was appointed President of the Directorate and Chief Executive Officer (CEO) of UNIQA Asigurari by the insurance company's Supervisory Board.more...
(08.08.2011)
September the 27th - this is the date of the first edition of the National Insurance Conference - Bulgaria 2011, event organized in Sofia, in partnership by Media XPRIMM and Insmarket.bg, the Bulgarian insurance market's web portal. The conference, which will address pressing issues related to the cooperation between Romanian insurers and those from the South of Danube, will bring together specialized companies from both countries, loss adjusters, related services providers and leading reinsurers interested in the topic.more...
(11.07.2011)
