STATISTICS: ROMANIA 1Q2015: GWP up 11% y-o-y "helped" by a 20% MTPL growth rate

After two years starting with a first quarter during which the market remained on a decreasing trend, at the beginning of 2013 and 2014 respectively, the Romanian insurance market surprised us with an 11% increase (to EUR 506 million) in 1Q2015. Per insurance classes, stands out the growth rates reported on two segments: life insurance (+13% y-o-y to EUR 94 million) and Motor TPL (+20% y-o-y, to EUR 197 million).

GWP growth rates reported by BCR Asigurari de Viata VIG and ALLIANZ-TIRIAC have strongly influenced the evolution of the life insurance segment, while in case of MTPL insurance sub-segment - eight of the 10 authorized insurers operating on this market segment - reported increases in GWP, of which six have recorded dynamics of over 20%.

Access and download the 1Q2015 Romanian insurance market statistics.

GWP portfolio and market rankings (in EUR and RON):
  • All insurance market
  • Life insurance
  • Non-life insurance
  • Motor hull
  • MTPL
  • Property

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