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Articles in category Financial Services (Insurance)

Tiriac auto insurance based on driving history
The market leader on the auto insurance segment, Allianz-Tiriac, introduced a new system for calculating policy costs. The premium is established not only by taking into account the...
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Increasingly more Romanians are interested in life insurance
The life insurance contracts signed in Romania are gradually replacing premium products (house and car insurance), the middle-class clients being aware of their usefulness. In the opinion...
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Ardaf plunges on stock exchange
Insurance company Ardaf Cluj-Napoca was back on the stock exchange, after trading was suspended on Wednesday, only to lose 25 percent of it list price. Over 42,000 shares...
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Ardaf shareholders have to come up with 31 million euros
ARDAF shareholders will have to contribute 30.9 million euros to the share capital of the insurance company by September 30 this year, according to a decision of the...
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World Bank is against the draft for compulsory home insurance
The World Bank is against the governmental draft of launching a compulsory home insurance against natural hazards, under the form presented by the government, stated on Wednesday general...
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CSA places Ardaf Cluj under special administration
The Commission for Insurance Supervision (CSA) has placed Ardaf Cluj under special administration, deciding to withdraw its support for the members of the Board of Directors, and turning...
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Allianz-Tiriac posts 37% growth in five months
Insurance company Allianz-Tiriac posted underwritten gross premiums worth 128 million euros in the first five months, an increase of 37% from the same period in 2005, with the...
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Home insurance may become compulsory
The Ministry of Administration and Interior prepares a draft law according to which homeinsurance will become compulsory starting next year, according to ACT Media news agency reports.Homeinsurance could...
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Ardaf under special administration
The Insurance Monitoring Commission (CSA) placed the insurance company Ardaf Cluj-Napoca under special administration yesterday, deciding that the company's management has endangered the possibility of honoring obligations ...
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Romania's general insurance market to reach 1.44 billion euros
Romania's general insurance market will reach 1.44 billion euros, up some 20% versus 2005, when it totaled 1.2 billion euros. According to the estimates presented in annual report of...
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