STATISTICS:

ROMANIA: Brokerage market profit drops by 7% in 2011, down to RON 141 million

In 2011, the insurance brokerage market registered a profit of RON 141,1 million (about EUR 33 million). This marker has decreased by 6,9% compared to the previous year, according to the Romanian Insurance Supervisory Commission Annual Report for 2011.

Also, according to the supervisory authority, from a total of 493 profile companies that sent their financial situation, 353 reported profit, while 140 registered losses of over RON 13,5 million.

Thus, the consolidated result of the "profit and loss account" added up to RON 127,6 million on December 31st 2011, RON 2,8 million less than the end of 2010.

The added profit of the first 10 insurance brokers represented 70,5% of the total market earnings, while the number for the first 20 societies is closing in on 80%.

The biggest profit was registered by PORCHE Broker with RON 28,5 million (20,2% of the total), followed by UNICREDIT Insurance Broker with RON 27,6 million earnings (19,6% of the total) and RCI Broker with RON 10,8 million - the equivalent of a 7,6% share.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

FITCH Affirms EUROINS Romania at IFS 'BB-'; Outlook Stable

FITCH Ratings has affirmed EUROINS Romania Asigurare Reasigurare SA's (EUROINS Romania) Insurer Financial Strength (IFS) rating at 'BB-', and EUROHOLD Bulgaria AD's (EUROHOLD, the group's ultimate holding company) Long-Term Issuer Default Rating (IDR) at 'B'. The Outlooks are Stable.

2018-08-06

COLONNADE Insurance to start operations in Romania

COLONNADE Insurance, part of the Canadian group FAIRFAX Financial Holdings, officially begins its activity in Romania, following AIG's entry into a strategic partnership with COLONNADE Insurance to manage existing policies for AIG Europe Limited's Romanian Branch.

2018-01-18

ON THE MOVE

TOP EVENT

photodune-3834701-laughing-girl-xs

LIVE: 1st National Reinsurers Summit in Moscow: focus on global cooperation

Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.

20.09.2018

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

Willis Re - Market still soft, but functional

Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.

10.09.2018

See all