In order to facilitate customers' access to insurance products, tbi bank has partnered with Transilvania Broker, one of the leading insurance brokers in Romania. Thanks to this partnership, customers can buy any type of insurance products through the Buy Now, Pay Later (BNPL) solution in 4 interest-free installments or over longer periods with affordable interest rates. In addition, the purchase of RCA insurance is available in installments to both individuals and companies.
Insurance of any type, including RCA, can be paid in 6 or 12 installments, regardless of the insurance premium, the insurer chosen or the period.
”The insurance culture in Romania is significantly below that of many Central and Western European countries. People are quite vulnerable to unforeseen events with a negative impact and the increasing price of insurance is not able to contribute to a positive development of this situation. This is one of the main reasons why we have concluded an agreement with one of the largest brokers in Romania, Transilvania Broker, offering Romanians the opportunity to purchase a very wide range of insurances at more advantageous conditions”, said Ionuț Sabadac, VP Merchant Solutions, tbi bank.
Transilvania Broker de Asigurare is one of the largest insurance brokers in Romania, with over 15 years of experience in the field. The company has a nationwide network of almost 2,000 collaborators and has served over 1 million clients to date.
”The financial education of our clients has been an important point for us over the years. We want them to understand that insurance, especially optional insurance, plays an essential role in a mature economy. We have noticed, however, that in recent years, Romanians are increasingly interested in buying optional insurance. This development, while encouraging, is affected by high insurance premiums. In order to meet the needs of our customers, we have chosen to ally ourselves with a strong financial partner such as tbi bank”, said Gabriel Login, Director General Transilvania Broker.
The Romanian insurance industry contributed more than 2.8 billion lei to the national economy, of which 1.3 billion lei represents a direct impact of the added value created, according to a recent study conducted by the independent consultancy group MIR Research at the request of UNSAR (The National Association of Insurance and Reinsurance Companies in Romania).
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