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German insurer Signal Iduna gets closer to step in Romania, invests EUR 20m in expansion

Publicat la 24.01.2008, 15:19:10

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German insurer Signal Iduna gets closer to step in Romania, invests EUR 20m in expansion
The company is currently expecting the approval of the Insurance Surveillance Commission (CSA), after which it will start operations in Romania. The German insurer established two years ago in Romania Signal Iduna Services, in charge with drafting the market studies and the business plans.

In March 2007, the National Union Bloc said it agreed with Signal Iduna to develop new offers for the Romanian health insurance market.

In Eastern Europe, the German insurer is present in Hungary (1993) and Poland (2002). Romania is one of EU’s most promising members, regarding the development of the health insurance market.

Source: NewsIn

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