Japan Earthquake Might Raise Romanian Insurance Premiums By 10-20% On Medium-Term - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » March, 2011 » 15 March 2011

Japan Earthquake Might Raise Romanian Insurance Premiums By 10-20% On Medium-Term
15.03.2011, 15:24 | Insurance | 719 views



The earthquake in Japan could drive reinsurance costs up for Romanian companies, which in turn may increase their premiums for building insurance by 10-20% on the medium-term.

Mihnea Tobescu, general manager of Chartis Romania (formerly AIG Romania) said the Japanese market is one of the largest and host to every reinsurer. The earthquake is expected to increase reinsurance premiums all over the world, although short-term policies should be unaffected, at least until 2012, he said.

Read more on Mediafax.ro




Latest news in category Insurance

15.05.2014, ora 00:00 | 351 vizualizări
The police comes knocking at 'Omniasig'
Yesterday, the prosecutors searched 49 "Omniasig" branches, on suspicions that the CEO and over other 40 executives forged over 1 million insurance policies, just one day after Peter Hagen, the head of Vienna Insurance Group (VIG), which the insurer belongs to, said that he was not worried by the state of the Romanian insurance market, which has been shaken lately by resounding scandals, such as Astra or Carpatica Asig. read more...


Insurance companies owned in Romania by Vienna Insurance Group recorded gross subscribed premiums of 134.5 million Euros, down 7% over the corresponding period of last year, and the losses of the group on the Romanian market fell to 2.7 million Euros. read more...


Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to new rules issued by regulator CSA. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2017 Pandora Impex SRL.