Insurance market giants target Romania

Ergo, the insurance division of the German group Munich Re, will begin its operations on the Romanian market, after signing a deal with Unicredit on Wednesday, a common press release of the financial institutions informs.

Unicredit and Munich Re signed an agreement for expanding their collaboration, already functioning in Germany, Austria, Poland and other Central and East European markets.

The main object of the agreement refers to life and non-life insurance policies dealt through the Unicredit offices in Romania, Slovakia, Slovenia, Hungary, Russia and Poland.

The collaboration may expand soon towards the Baltic states, Serbia, Ukraine and Bosnia.