Romania

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Black Sea;
- Neighbours: Bulgaria, Serbia, Hungary, Ukraine, Moldova.

Climate:
- temperate climate;
- cold, cloudy winters with frequent snow and fog;
- sunny summers with frequent showers and thunderstorms.

Natural hazards:
- earthquakes, most severe in south and southwest regions;
- geologic structure and climate promote landslides.

Macro indicators
* 2018 estimates
Surface:238,397km2
Population*:19.5million
Pop. density*:81.9people/km2
GDP*:202.7EUR billion
GDP/capita*:10,382.6EUR

European Union:
EU member, since 2007

Currency: Leu
Code: RON
Since: 2005


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:21%
TOTAL NON-LIFE*:79%
Overall Property*:12%
Overall Motor*:57%


Sources:


 


ROMANIA: Allianz-Țiriac announces changes to its executive management team

Allianz-Țiriac has announced several changes to its executive management team, with Aurel Badea set to leave the company at the end of 2026, Adriana Matache taking over responsibility for the technical area, and Andrei Rubeli joining the insurer as Chief Financial Officer (CFO).




ROMANIA: Families are still facing a significant protection gap

Health and family rank first among the things Romanians want to protect, yet most households would face a significant financial gap in the event of an emergency, a survey commissioned by Allianz-Țiriac and conducted by the Center for Urban and Regional Sociology (CURS) among 1,218 respondents nationwide shows.

ROMANIA: Property insurance claims rise 19% in Q1 2026

Romanian insurers paid EUR 33.3 million in claims during Q1 2026 for the repair of insured properties, according to official data published by the Financial Supervisory Authority (ASF) and quoted by UNSAR. The amount is approximately 19% higher y-o-y, reflecting both the rising costs of unforeseen events and the increasingly important role of insurance in protecting property.

ROMANIA: As storms hit harder, CASCO Insurance pays over RON 62 million in claims

The increasing frequency and intensity of severe weather events in recent years confirm that storms have become an ever-present risk for motorists. Hail, falling trees and wind-blown objects, as well as flash floods, can cause significant damage to vehicles, making CASCO insurance an essential source of financial protection.


STATISTICS: ROMANIA, 1Q2026: Insurance market grows by 15%, to EUR 1.33 billion

Romania's insurance market maintained its strong growth momentum in the first quarter of 2026, with total gross written premiums (including branches operating under the Freedom of Establishment regime) reaching approximately RON 6.8 billion (EUR 1.33 billion), up 15% year-on-year, according to the latest report published by the Romanian Financial Supervisory Authority (ASF).


More Romanians see life insurance as a tool for financial protection and long-term planning

An increasing number of Romanians are considering life insurance as a destination for their financial savings, according to the latest UNSAR–IRES Barometer on Risk Perception and Insurance Culture in Romania. The share of respondents who said they would invest their available funds in a life insurance policy rose by 7 percentage points y-o-y, reaching 24% – the strongest increase among all investment and savings options analyzed in the survey.



FIAR 2026: Macroeconomic outlook shaped by geopolitical uncertainty

The 27th edition of FIAR – the International Insurance – Reinsurance Forum took place in Sinaia featuring the “Insurance Market Trends” conference, where industry leaders and financial experts discussed the growing impact of geopolitical tensions, inflation and economic uncertainty on the Romanian economy and insurance market.

Romania launches National Road Safety Pact to reduce traffic victims

Romania has taken a new step toward addressing one of its most persistent public safety challenges, as representatives of public institutions, businesses and NGOs signed a National Road Safety Pact aimed at reducing traffic casualties and improving road safety policies. The initiative was launched during the event "The Same Street. The Same Responsibility" held at the Romanian Parliament.