Insurance premiums at the European level have continued the declining trend in the first half of 2008, according to the latest study of insurance markets conducted by Marsh, the largest insurance broker in the world. However, the report underlines the fact that some trends have been accelerated by U.S. real estate crisis. Cheap general trend registered in recent years will be over soon Translation The authors expect the prices to grow in... [...]

Most of the insurance companies have raised the tarrifs for the RCA policies with 30-40%, and for Casco insurances with over 20%. Although, in the European countries the costs for mending vehicles decreased, in our country have been doubled. The statistics of the Road Police show that the number of accidents has alarming increased, and the insurers witness to an explosion of damages frequency. Because of the rise in price for manual labor... [...]

The company AIG Life Asigurari Romania ended the first semester of 2008 with businesses over 140 million lei in increase with 51% against 2007, the same period. In euro the volume of subscribed gross premiums increased to 38 million, in increase with 37%. The reported gross profit is of 24 million lei (7 million euro), representing the double of the recorded value in 2007, the same period. “The company touched the maturity level which... [...]

Tudor Moldovan, general director and president of the Directorate of Generali Asigurari, accepted the offer received from the Generali PPF Holding - that of being directly involved in all the business projects from the Central and Eastern Europe. Generali, major shareholder of Generali Asigurari, appointed Marie Kováová as future general director and president of the company’s directorate, after ending the needed... [...]

The Council of the Supervision Commission of the Private Pension System (SCPPS) gave the approval for changing the authorization documentation of the Aviva Administration Company of a Private Pension Fund SA. By this approval SCPPS approves the appointment as general director of the company of Eugen Voicu. Eugen Voicu will also hold the position of general director of Certinvest SAI. Besides this position, he will also hold the position of... [...]

The representatives of the Supervision Commission of the Private Pension System (SCPPS) and of the National Securities Commission analyzed the norm project regarding the allocation to the social capital necessary to the investment administration company, respective the insurance company for the fund administration of voluntary private pensions.  The discussed norm was elaborated by SCPPS in base of the Law no.204/2006 regarding the... [...]

The Supervision Commission of the Private Pension System (SCPPS) prepares the project of a norm concerning the mergers and the acquisitions from the private pensions fund market. Through this, the administrators will be able to merge in the way to don’t exceed a market share higher than 20%. Also, the norm will only admit the participation of the administrators that have at the most 10% market share, but an outturn at least at the... [...]

In the experts’ opinion, the most dynamic segments of the insurance market will continue to be in 2008, also, the auto insurances, private pensions and corporation sector. By the advanced estimations of the auto experts, in 2008 the auto market will exceed, most probably, the limit of 350.000 units sold, the value of the sales being of about 3.5 billion euro. This evolution of the market has direct implications on the insurance market,... [...]

The value of the new life insurance contracts increased in the last quarter from 2007 with 47,7%, against the period July-September, evolution sustained by the private pension sales from Romania, which contributed with 116 million euro, it is shown in the financial report of ING Group. The launch of the second Pillar of private pension in Romania brought 71 million euro to sales, in the context in which ING draw over a million customers until... [...]

In Romania there are over 400.000 SMEs which represent an approached market till now, more like the big companies, with quite complex requirements. The insurers must adapt the strategies of drawing of potential corporate clients, to new realities and companies structures from business environment.    The huge potential of this segment of the insurance market was noticed by the Romanian insurers before the accession of our country... [...]