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Insurance Companies

The Romanian insurance market has had one of the most accelerated growth rates in the financial sector over the past 15 years, reaching a total gross premium value of more than EUR 2 billion in 2017, with more than 60% of the value being intermediated by insurance brokers. 

Our experienced lawyers have assisted several insurance companies and insurance intermediaries with an extensive range of legal services, including regulatory, authorisation and permit matters, representation in front of the public supervisory authority, as well as several other insurance related matters.

Our in-depth knowledge of the insurance market results from extensive experience and ensures our clients have swift access to expertise and knowledge, not only at a local level but also across other practice areas and jurisdictions.

Our clients include top insurers and brokers who are often some of the most important companies in the region. 

 

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Our Relevant Experience
  • Providing legal assistance and representation to a leading insurance company before the relevant authorities, including the Romanian Financial Supervisory Authority in relation to corporate changes and obtaining the required approvals.
  • Assisting a well-known European insurance and re-insurance company with several regulatory matters in connection with the Romanian insurance and reinsurance market.
  • Advising an internationally renowned Swiss insurer regarding a cross-border provision of non-admitted insurance.
  • Assisting one of Romania’s top insurers with various commercial and regulatory matters, including a full review of several template agreements used by the company in its every day activity.
  • Reviewing and ensuring a prominent Romanian insurance brokers compliance with internal regulations.
  • Assisting one of the largest insurers in Romania to successfully challenge tender procedures carried out by a government institution.
  • Performing due diligence on a Romanian insurance company which was subsequently acquired by a well-known Italian insurance group.
  • Performing due diligence and drafting memoranda and reports for a significant number of Romanian and foreign companies in relation to their compliance with the Romanian insurance legal framework.
  • Providing legal assistance on various projects for the Romanian subsidiary of a leading insurance broker based in France, including drafting and revising templates of various agreements used in its business activity and advising in relation to specific regulatory matters in front of the Romanian Financial Supervisory Authority.
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