STATISTICS: ROMANIA, 3Q2018: the almost 7% decrease on the MTPL line hardly offset by increasing business on othe non-life classes
GWP for life insurance went up overall by 2.5%, to EUR 340.7 million, resulting from the conbined effect of the 9.26% GWP increase for the "annuities and supplementary insurance" class and the 18% fall in the premiums written for Unit-Linked products.
The non-life insurance segment saw a rather stagnant evolution in 3Q, as the 6.85% decrease in the MTPL GWP was hard to offset by the GWP increases seen on other lines of business. Among the classes with the best positive evolution, Motor Hull insurance placed the best performance, with GWP increasing by 8.22%, to EUR 327.34.
In market hierarchi terms, there was a single significant change - EUROINS currently ranking 6th, down from the third position in 3Q2017. Consequently, the Top 3 composition is now the following: CITY Insurance ranks first (13.7% market share), closely followed by ALLIANZ-TIRIAC (13.26%) and OMNIASIG-VIG (11.05%).
Access www.xprimm.com and download the 3Q2018 Romanian insurance market statistics.
- Market indicators (GWP, claims, growth rates, shares) - in EUR and RON
- Top 10 market rankings (total market, life, non-life, MTPL) - in EUR and RON