Euroins Romania Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster than the payments in the last part of 2021. This indicator has been steadily improving over the last year. For example, in Q4 2021, Euroins Romania officially reported to the Financial Supervisory Authority that it paid damages on average in 6.8 days. The current results show a significant evolution compared to the first part of last year, when, in Q2 2021, the average time for payment of car damages was 38 days. “The fact that we continue to constantly improve our procedures and maintain good relations with all our contractual car services – the collaboration that is fast growing on national level, is a proof that we treat responsibly the commitments we have assumed, in the ongoing strategy of Euroins Romania. We have a vision of a sustainable and strong business, diversified into new and fresh insurance products that will hopefully bring insurance closer to Romanian hearts “, said Tanja Blatnik, CEO of Euroins Romania. Euroins Romania also announces a significant increase in the volume of non-RCA insurance. 270% is the average advance in 2022 compared to 2021, with GWP close to 70 mil. Lei in first four months. More and more Romanians have chosen Euroins for travel insurance and health insurance. Among most popular add ons to RCA are, so many times needed, roadside assistance and very popular simple product – CASCO Start. The biggest increase is for the segment of travel insurance and roadside assistance, where we see in Q1 of 2022 – ten times an increase of policies compared to Q1 of 2021. The CASCO Start product offered by Euroins had a higher demand by 800%, and on the health insurance segment the sales are doubled in the first part of 2022, compared to the similar period of last year. “We have assumed that in the next period we will continue the process of streamlining all procedures and we are determined to follow the strategy of increasing the other important insurance products we offer Romanians, such as health insurance, accidents, property and liability insurance, travel and CASCO. We are really pround of the development of Euroins Romania and are thankful to our sales network and partner brokers, that are constantly offering our products to the clients”, said Tanja Blatnik, CEO of Euroins Romania. The performance of Euroins Romania, in the first part of this year, comes as a result of the changes started in 2021, together with the increase of the team of experts, the digitalization of the company and the improvement of the customer experience in all services offered.
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
Romania’s industry showed signs of recovery with the combined May-July output rising 4.0% y/y and the past year’s performance showing an upward trend (+2.9% per year). But the recent improvement data is mixed, and the past year’s trend looks extremely fragile, according to data published by the statistics office INS. The findings are consistent with […]
The Romanian city of Alba Iulia has entered the Guinness World Records after building the world’s longest table made from recycled materials, stretching more than 2.7 kilometers around the historic Alba Carolina Citadel. Organized by Bloom The World and its partners, the event, named Masa Care Unește/The Table That Unites, drew over 10,000 guests from […]
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
