STATISTICS:

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 www.xprimm.com 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

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

ON THE MOVE

ALLIANZ announced three executives appointments

German insurance Group ALLIANZ announced three senior leadership appointments at ALLIANZ DIGITAL Health, ALLIANZ Private Krankenversicherung and Allianz Global Corporate & Specialty SE.

18.01.2019

TOP EVENT

Inclusive insurance on the agenda of the second CEE & SEE - Regional Actuarial Insurance Conference in Skopje, Macedonia

Insurance should be accessible to all social classes, regardless of their wealth and income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. The low insurance penetration rates across the region show the need for another approach.

10.01.2019

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all