Consumers’ need for access to new efficient financing tools has increased in the current economic context, including in the insurance sector, where the cost of insurance policies is on an upward trend. tbi bank, one of the leading challenger banks in South East Europe offering flexible payment solutions, has partnered with one of the leading insurance brokers in Romania, Safety Broker. Customers can buy insurance, including RCA through the Buy Now, Pay Later (BNPL) solution in 4 interest-free installments or 6-12 installments with interest. In 2023, insurance companies authorised and regulated by the Financial Supervisory Authority (ASF) wrote gross premiums of about 18.2 billion lei, up about 10% from 2022, according to data presented by the ASF. ”Costs continue to rise, including insurance premiums, and consumers need smart financing solutions to help them maintain their standard of living. We stay close to our customers and conclude a new agreement with a strong player in the insurance sector, Safety Broker, in order to offer Romanians the possibility to pay more easily the RCA insurance or other insurance solutions they need, without putting pressure on the family budget”, said Ionut Sabadac, VP Merchant Solutions, tbi bank. BNPL financing solutions are easily accessible and allow consumers to spread the total cost of any purchase in equal installments. With this tool, customers can make more purchases or buy higher value products, while retailers have access to a new tool that can better meet consumers’ needs. Safety Broker de Asigurare, present since 2005 on the Romanian market, is one of the main players on the Romanian insurance distribution market, being part of the American group Acrisure, one of the most important insurance brokers in the USA. At the end of 2023, the company brokered premiums of about 271 million euro. ”Our customers’ access to RCA insurance has always been a priority for us, especially in a difficult economic context. Through our agreement with a strong partner like tbi bank, we can offer consumers a smart solution for quick and easy purchase of any insurance policy”, said Viorel Vasile, CEO, Safety Broker de Asigurare.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
