OMNIASIG Vienna Insurance Group has officially entered the shareholder structure of PAID România, the company managing Romania’s mandatory home insurance scheme, after acquiring a 5.5% stake in its share capital.

The transaction, approved by the Romanian insurance market’s supervisory authority (ASF), further consolidates PAID’s ownership structure, bringing together representatives of the main international insurance groups active on the Romanian market. At the same time, the shareholding structure has been streamlined, following the exit of entities previously undergoing insolvency proceedings.

According to PAID representatives, OMNIASIG’s entry reflects the maturity and cohesion of the Romanian insurance industry around a mechanism of strategic importance - the mandatory household insurance system against natural disasters (earthquake, flood and landslide).

Nicoleta Radu, General Manager of PAID România, emphasized that the development strengthens the institutional stability of the pool and confirms the industry’s commitment to ensuring an efficient response capacity in the event of major catastrophes. “We share the same responsibility: protecting communities exposed to natural risks and maintaining confidence in a system designed to function rapidly and effectively when needed,” she stated.

From the new shareholder’s perspective, the investment signals long-term support for Romania’s catastrophe protection framework. Mihai Tecău, President of the Supervisory Board of OMNIASIG Vienna Insurance Group, underlined that participation in PAID’s capital reflects the insurer’s commitment to market stability and to a responsible, collective approach to systemic risks.

PAID România currently brings together 16 insurance and reinsurance companies and plays a central role in the country’s natural catastrophe risk management architecture. Through the mandatory PAD policy system, the pool provides basic coverage for residential properties, representing a key pillar in strengthening financial resilience at household level.

The inclusion of OMNIASIG in the shareholder structure marks another step in reinforcing the institutional and financial robustness of Romania’s disaster insurance framework. Part of the Austrian-based Vienna Insurance Group, OMNIASIG Vienna Insurance Group is one of the leading insurers on the Romanian market, with a strong presence in both non-life and corporate insurance segments. After the first nine months of 2025, the company ranked third in the Romanian overall insurance market hierarchy, with gross written premiums worth EUR 421.8 million and a 11.4% market share.