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08:55, 18.01.2024
FinMin Bolos: Cutting insurance premiums means limiting coverage of insurers' costs
Cutting insurance premiums means limiting the possibility of covering insurers' costs, which would affect the system in the long term, Finance Minister Marce Bolos said on Wednesday evening."Here are the calculations…
19:45, 19.12.2023
Extending capping of mandatory civil liability car insurance puts huge pressure on insurers (UNSAR)
Extending the capping of the mandatory civil liability car insurance (RCA) puts huge pressure on insurers, increasing the risk of other players leaving a market that has only six companies authorized and regulated…
14:55, 12.04.2023
Deputies Chamber/Guarantee Fund to protect insurance creditors from insolvency
The Deputies on Wednesday adopted a draft law according to which the Guarantee Fund will protect insurance creditors from the consequences of the insolvency of a Romanian legal entity insurer, as well as in the…
12:10, 17.03.2023
Gov't to consider necessary measures to protect insured against troubled insurer
The government will support all the necessary measures to protect the interests of the insured affected by the negative developments in Romania's auto civil liability market, governmental spokesman Dan Carbunaru…
08:25, 05.05.2021
Insurers would accept better conditions for farmers if all are insured
Insurers would agree with more acceptable conditions for farmers if the latters would all be ensured, because, if there are a few, companies are hesitant or impose conditions which cannot always be accepted, the…
23:00, 05.02.2020
Insurer Euroins Romania fined 21,000 euros
The Board of the Financial Supervisory Authority (ASF) approved on Wednesday the results of the unannounced control performed at insurer Euroins Romania Asigurare-Reasigurare S.A and decided to fine the company…
21:07, 30.01.2020
USR: Gov't's project one step ahead in using the money correctly to the patients' benefit
The Government's project on health programmes is just one step ahead in using the money correctly to the patients' benefit, according to the Save Romania Union (USR) party, which stated that every Romanian must…
12:42, 24.10.2019
Insurers in Romania pay damages of 3 mln euros daily
Insurers in Romania pay, on a daily basis, damages worth millions of euros, on an insurance market that has reached 5.43 billion lei, Adrian Marin, president of the National Union of Insurance and Reinsurance Companies…
17:16, 18.07.2019
HealthMin Pintea to demand management of public health insurer be replaced
The Health Ministry is waiting for a report on the healthcare information system to be conducted by the National Health Insurance House (CNAS), Health Minister Sorina Pintea told AGERPRES on Thursday, adding that…
16:57, 26.10.2017
Conditions in place for other insurers to join RCA market in the near future
The conditions are in place for other insurers to join the mandatory motor liability insurance market in the near future, which will help normalize the market and temper down excesses, Cornel Coca Constantinescu,…
13:08, 26.01.2016
After Astra insurer, Carpatica is about to go bust
After the resounding bancruptcy of Astra, another insurance company is facing severe cashflow problems. Carpatica has six months to recover or it will be out of business for good. The latter insurer is infamous…
09:39, 27.08.2015
It's official: Astra insurer goes bust
Astra Insurance company has been officially declared bankrupt. The Financial Supervisory Authority made this decision on account of the many issues reported by the afore-mentioned Romanian insurance company. The…
09:30, 22.10.2014
Market troubled by property insurance rates going up
SECRETS Insurers talked a lot lately about changing prices for the compulsory house insurance. Even if the Financial Supervisory Authority (ASF) repeatedly said that increasing the premiums or introducing co-insurances…
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