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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Uniqa insurer steps back from Romania’s liability car insurance market

Romanian insurer Uniqa Asigurari notified the insurance brokers that, effective October 1, the fees that the company will pay for the sale of liability car insurance policies would be 1%, instead of 11-12%so far.

Previously, the company announced that it wanted to exit this market segment and, in this context, has already submitted to the Financial Supervisory Authority (ASF) a request.

Profit.ro quoting sources familiar with the case, explains that ASF would resist approving to withdraw Uniqa’s operating license for this particular market. Romania’s mandatory car insurance market is currently hit by the collapse of the market leader, and all the companies are re-shaping their strategies.

Normally, ASF is expected to encourage as many companies as possible to remain on the market to generate competition. Uniqa Insurance Group has been operating on the Romanian market since 2008.

Uniqa Insurance Group, headquartered in Austria, is one of the most important and dynamic insurance groups in Central and Eastern Europe.

(Photo: Pixabay)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Uniqa insurer steps back from Romania’s liability car insurance market

Romanian insurer Uniqa Asigurari notified the insurance brokers that, effective October 1, the fees that the company will pay for the sale of liability car insurance policies would be 1%, instead of 11-12%so far.

Previously, the company announced that it wanted to exit this market segment and, in this context, has already submitted to the Financial Supervisory Authority (ASF) a request.

Profit.ro quoting sources familiar with the case, explains that ASF would resist approving to withdraw Uniqa’s operating license for this particular market. Romania’s mandatory car insurance market is currently hit by the collapse of the market leader, and all the companies are re-shaping their strategies.

Normally, ASF is expected to encourage as many companies as possible to remain on the market to generate competition. Uniqa Insurance Group has been operating on the Romanian market since 2008.

Uniqa Insurance Group, headquartered in Austria, is one of the most important and dynamic insurance groups in Central and Eastern Europe.

(Photo: Pixabay)

andrei@romania-insider.com

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