Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. tbi bank and Safety Broker launch a partnership...

tbi bank and Safety Broker launch a partnership offering Romanians interest-free installment insurance, including RCA

June 18, 2024

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.     

Read in full - click here
Romanian film review – European Film Festival. A Selection: Lovers, Pranksters, and Ghosts

It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]

Modernization work begins at Bucharest’s Henri Coandă Airport terminals in EUR 22 mln investment

Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported.  The company...

Paris Hilton sends message to Romanian fans ahead of festival in Craiova

Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]

SeeYou app connects visually impaired individuals with volunteer guides in Romania

AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events.  SeeYou is the first mobile app of its kind in […]

Romanian investment management company lists new ETF to track BET index

SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]

Romania’s Port of Constanța to receive EUR 254 million investment

An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]