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Five Romanian insurers plan setting up shop on EU market

Five local insurers have so far notified the Insurance Supervisory Commission (CSA) of their plans to sell policies in EU states, based on the right of free circulation of services. The five are AIG Life, City Insurance, Asito Kapital, AIG Romania and Asitrans.AIG Romania - the all-risk insurer specialising in corporate clients, the local branch of American International Group (AIG) - has the most ambitious expansion plans; the company received the OK to sell in all its products EU states, CSA informs. (...)

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