The non-life insurance segment totaled EUR 793 million - representing an 80% share of the entire insurance market's premium production. Although the motor insurance lines, which are still holding the main share in the market portfolio (50.1% of GWP), recorded an aggregated positive growth rate of 4.4%, the main driver of the non-life business' increase was the property insurance segment. Thus, for the "fire and allied perils" class a 16.3% growth rate was achieved, pushing up the entire segment's portfolio share by about 1.5%.
The business of the top five insurers on the non-life market amounted to EUR 476 million, a concentration degree of over 60%, while the first three players' market share went down to 41.5%, compared with 43.8% in January-June 2012.
On the life insurance side, the half-year GWP remained under EUR 200 million for the fifth year in a row. At the end of June 2013, the underwritings volume on the life segment of the 19 insurers that provided financial data reached EUR 198.2 million (20% of the market). The result increased by 3% compared with the same period in 2012, but decreased by EUR 30 million compared with the result reported on June 30, 2008.
The complete financial results of the Romanian insurance market for January-June 2013 will be available in the next issue of INSURANCE Profile, in the second half of September. Moreover, these will also be available on www.insuranceprofile.ro (http://www.insuranceprofile.ro/en).
Through INSURANCE PROFILE INTERACTIV online application, the users have the means to create customized reports of the insurance and brokerage companies' financial results. The data is available from 2008 onward for all the Romanian insurance companies that provided financial results.
Access www.xprimm.com and download the 1H2013 Romanian insurance market statistics.
Market indicators (in EUR and RON):
- Growth rates
- All insurance market
- Life insurance
- Non-life insurance
- Motor hull