Romanian insurance companies have seen a significant rise in compensation payouts for travel insurance policies in the past year.
According to a press release from UNSAR (National Union of Insurance and Reinsurance Companies from Romania), member companies paid nearly RON 50 million (EUR 10 mln) in claims for travel insurance in 2023. This marks an impressive 32% increase from the previous year and a staggering 171% rise compared to 2021.
These payouts were made to over 14,000...
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