insurance

Medical Inflation Seen Dropping to 10% in Romania

18:05, 13 Iun. 2019
The Romanian market will register a drop in medical inflation from 15% in 2018 to 10% this year, although the cost of medical services is on the rise globally.

Watford Insurance Enters Romanian Market

11:26, 18 Oct. 2018
Watford Insurance Company Europe, a subsidiary of global insurance and reinsurance group Watford Re Ltd., launched its operations in Romania Wednesday.

Romanians Who Fail To Pay Health Insurance Contributions To Receive Only Emergency Care – Bill

18:44, 28 Dec. 2011
Romanians who fail to pay their health insurance contribution will receive medical care only in emergency situations, in infectious disease cases and for illnesses included in the national immunization program, according to Romania’s new healthcare bill.

Romanian Health Ministry To Introduce Private Health Insurance

15:42, 12 Oct. 2011
Romania's Health Ministry wants to introduce private health insurance, by creating private insurance houses supervised by the National Health Insurance House, said minister Ladislau Ritli on Wednesday.

Romanians Who Failed To Insure Homes By Jan 15 Risk Fines

13:37, 08 Mart. 2011
Romanian homeowners who did not insure their homes by January 15, 2011, either through mandatory or voluntary insurance policies, may be fined 100 lei (EUR1=RON4.1869) to RON500 by local authorities, Pool of Insurance against Natural Disasters (PAID) general manager Marius Bulugea said Tuesday.

Romanian Insurance Mkt Seen Declining At Least 5% This Year

11:42, 01 Feb. 2011
The Romanian insurance market will decline at least 5% this year, in an optimistic scenario, as the number of civil liability car insurance policies and their prices will drop 20%, said Tuesday Cristian Constantinescu, head of the Romanian union of insurance and reinsurance companies.

Romanians Without Income To Pay 5.5% Of Min Wage As Monthly Healthcare Contribution

18:32, 11 Ian. 2011
Romanians without income will have to pay monthly health insurance contributions in the amount of 37 lei (EUR1=RON4.2581), or 5.5% of the minimum wage, unless they are registered as receiving some form of social assistance.

Romanian Homeowners Have Until July 15, 2011 To Get Mandatory Home Insurance

18:12, 29 Dec. 2010
Romanians must insure their homes within one year after the first mandatory home insurance policies were issued, namely July 15, 2010, the Interior Ministry said Wednesday.

Romanian President Signs Controversial Insurance Bill Into Law

13:35, 14 Dec. 2010
Romanian President Traian Basescu signed into law yesterday a bill exempting people who already have home insurance against natural disasters from getting mandatory insurance, newspaper Ziarul Financiar reported Tuesday.

Romanian Health Ministry Pushes For Higher Autonomy Over Healthcare Sys Resources

14:41, 26 Oct. 2010
Romania’s Health Minister Cseke Attila said Tuesday he plans to bring the National Health Insurance House under the Health Ministry’s authority and have it manage the single health insurance fund, which is currently managed by the Finance Ministry.

Romania Dacia, Renault, Nissan Dealers To Sell Personalized Car Insurance Policies As Of Oct

14:15, 22 Sept. 2010
Dacia, Renault and Nissan dealers in Romania will sell personalized car insurance policies starting October, based on a partnership between Renault group’s financial subsidiary RCI Banque, insurance broker Marsh and three insurance companies, people close to the deal told MEDIAFAX.

Romanians Should Save EUR3,700 Annually To Have Decent Retirement Income

12:35, 22 Sept. 2010
Romanians who will retire by 2051 should save an average of EUR3,700 annually to enjoy a standard of living similar to that before retirement, insurer Aviva Asigurari de Viata general manager Mihai Popescu told a news conference Wednesday.

Romanian Automobile Dacia To Launch Own Car Insurance Services

14:28, 30 Iul. 2010
Romanian carmaker Automobile Dacia will launch its own auto insurance product this fall, through a partnership between the Renault Group’s financial services company, Renault Credit International Banque, and Dacia dealers, people close to the matter told MEDIAFAX.

Romanian Homeowners Have 6 Months To Get Mandatory Home Insurance

12:37, 15 Iul. 2010
Romanian homeowners have six months to insure their homes, as the country’s law on mandatory home insurance has entered force.

Romania’s Life Insurance Market To Make Comeback Six Months After Economic Recovery

16:21, 25 Apr. 2010
Romania’s life insurance market will take about five or six months to recover after the country’s economy recovers, Cornelia Coman, vice-president of the National Union of Insurers in Romania, said in a press release Sunday.

More Than Half Of Light Car Accidents In Romania Solved Amiably In 2H 2009

11:39, 15 Apr. 2010
Nearly 58% of car accidents that occurred in Romania in the second half of last year were solved using amiable settlement, introduced as of July 1 last year, said Thursday Angela Toncescu, head of Romania’s insurance regulator CSA.

Romania Might Enforce Mandatory Home Insurance Law As Of July 1

13:31, 17 Mart. 2010
The law forcing Romanian homeowners to insure their homes against natural disasters might be enforced as of July 1 if PAID, the company issuing mandatory home insurance policies, manages to conclude the reinsurance contract with reinsurance brokers, PAID head Marius Bulugea said Wednesday.

General Insurance In Romania Least Profitable In CEE – Insurers

12:59, 04 Mart. 2010
Romania has the least profitable general insurance sector in Central and Eastern Europe, mainly because of loss on the auto insurance segment, said Thursday Cristian Constantinescu, head of the Romanian Insurers and Reinsurers’ Union UNSAR.

Romania Might Enforce Mandatory Home Insurance Law As Of End-March ‘10

16:36, 04 Ian. 2010
The law forcing Romanian homeowners to insure their homes against natural disasters might be enforced toward the end of the first quarter of 2010 if PAID, the company issuing mandatory home insurance policies, manages to conclude a reinsurance contract, PAID head Marius Bulugea said Monday.

Romanian Insurers’ Contribution To Road Victims Protection Fund Reduced To 0.3%

15:55, 14 Dec. 2009
Romanian insurance companies issuing civil liability insurance (RCA) policies will contribute 0.3% of the RCA premiums collected to the Road Victims Protection Fund, as opposed to the 0.5% contributed right now, according to a decision of the Insurance Supervision Commission (CSA).

Romanian RCA Car Insurance Policies To Be Issued Electronically Only Starting 2010

11:39, 18 Nov. 2009
Mandatory civil liability car insurance policies (RCA) will be issued electronically only as of January 1, 2010, Angela Toncescu, head of the Romanian insurance regulator CSA, said Wednesday.

Romanian Nuclearelectrica Renews Another Insurance Contract For Nuclear Reactors

15:02, 12 Aug. 2009
Romanian state-owned nuclear energy company Nuclearelectrica, the operator of Cernavoda nuclear power plant, renewed with UK’s Nuclear Risk Insurers Limited the civil liability insurance contract for nuclear damage at reactors 1 and 2, for a premium of $672,000.

Romanian Insurers To Allow Amiable Car Crash Acknowledgment Come Jul 1

16:12, 10 Mart. 2009
The amiable solution of traffic accidents resulting in light material damages alone will be applied starting with July 1, after the conclusion of a protocol between car insurance companies at the end of March, said the president of the Romanian insurance system regulator, Angela Toncescu.

Romania Might Postpone Enforcement Of Mandatory Home Insurance Law

17:09, 05 Mart. 2009
Romania’s Interior Ministry and the insurance regulator CSA wants to propose a delay in the enforcement of the law forcing people to insure their homes against disasters, planned to become effective as of July 1, the regulator said Thursday.

Romanian Insurers Up Auto Civil Liability Policy Premiums

17:50, 05 Ian. 2009
Romanian insurance companies upped the fees for auto civil liability insurance policies (RCA) valid in 2009, by percentages between 10% and 30%, while in some cases the fees vary with respect for the make and age of the car, the age and experience of the driver and their county of residence.

Romanian Light Car Accidents To Be Settled Amiably, No Police Required As Of July ’09

13:42, 12 Nov. 2008
The amiable solution of traffic accidents resulting in mild damage could become operational on July 1, 2009, when the Insurance Surveillance Committee receives approval from the EU for the form on amiable acknowledgement.

Romanian Agriculture Four Times Less Insured Than EU Avg – Ministry Official

13:16, 14 Oct. 2008
Romanian agriculture is four times less insured than the European average, but the agriculture insurance market is on a rising trend given the need for risk management in this sector, especially when it comes to climate change risks.

Italian Couple Kills Romanian Worker Over EUR1M Life Insurance Policy

15:48, 10 Iun. 2008
An Italian couple in Verona killed a 28-year old Romanian worker in order to collect the life insurance policy worth EUR1 million.

Romanian Insurance Agent Cons 120 People

19:10, 27 Mai 2008
An insurance agent from Romanian company Allianz-Tiriac conned 120 people, promising them unreal yields for the sums deposited, the damage being estimated at some EUR3 million, said the spokesperson for the Bucharest Police Department, Christian Ciocan.

Romania Social Security Contributions Among Highest In Europe

14:55, 29 Ian. 2008
Overall contributions to the social security system in Romania places the EU newcomer third among European countries in a classification made by Ernst&Young, which said the measures to cut social security contributions were nearly rendered void by an increased taxation base.

Romanian RCA Insurers Tariffs 30% Below Mkt Value-Exec

16:11, 19 Dec. 2007
Romanian insurers licensed to sell civil liability car insurance policies, or RCA, offer prices some 30% lower compared to the level imposed through the overall mandatory reserves set up for their contracts, Allianz-Tiriac Asigurari general manager Cristian Constantinescu said Tuesday.

A Total Number Of 16 Insurance Cos Eye RCA In ’08

18:52, 13 Dec. 2007
A total number of 16 companies turned to the Romanian Insurance Surveillance Commission (CSA) to maintain, in 2008, their authorization to offer the mandatory civil liability insurance for cars (RCA), according to data issued by the regulatory authority.

Only 8% Of Romanian Homes Insured

16:19, 01 Nov. 2007
Only 8% of the some 8.4 million residences in Romania are insured, through a specific optional policy, said the president of the Romanian Insurance Surveillance Commission (CSA), Angela Toncescu, within a seminar.