STATISTICS: The ROMANIAN insurance market reached the lowest value in the past 7 years

According to the preliminary data collected by INSURANCE Profile Review, at the end of September, the Romanian insurance market totaled RON 5.9 billion (EUR 1.3 billion), down 5.8% y-o-y. The life insurance segment declined 6,3% to RON 1.2 billion (EUR 236 milion), while the non-life sector totaled RON 4.7 billion (EUR 1.07 billion), or 5,6% less y-o-y.

At the same time, according to the historical insurance market figures available on the "INSURANCE Profile Interactiv" electronic aplication (, in terms of GWP, both the life and the non-life insurance segments reached the lowest values in the past seven years. All in all, compared to the September 2008 figures ("the peak year" of the Romanian insurance market), in absolute values, the business of Romanian insurers decreased by about a half billion euro.

Overall, at the end of September 2014, the GWP market portofolio was formed of 19.8% life insurance, the remaining rest being accounted by non-life classes. As in previuos reporting periods, the MTPL insurance line dominated the market portofolio (33% of total), followed by Motor hull insurance class (22.3%).

Per insurance companies, at the end of September 2014, ALLIANZ-TIRIAC Asigurari reported the highest GWP volume (RON 724 million, 12.2% market share), followed by OMNIASIG VIG (RON 581 million, 9.8%) and GROUPAMA Asigurari (RON 505 million, 8.5%).

Access and download the 3Q2014 Romanian insurance market statistics.

Market indicators (in EUR and RON):
  • GWP
  • Claims 
  • Growth rates
  • Portfolio
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

ROMANIA: The insurance market increased by 4.5% in 2018

"In 2018, the Romanian insurance market improved its solvency indicators", Cristian ROSU, Vice-President Insurance and Reinsurance Sector, ASF - The Financial Supervision Authority declared on Tuesday, 21 March, commenting on the financial results reported on the Romanian market last year.


Bogdan BICHINET to join GENERALI Romania as CFO

Bogdan BICHINET will join the management team of GENERALI Romania as Member of the Board and Chief Financial Officer - CFO starting March 1st, after this week the Board of the Romanian Financial Supervisory Authority (ASF) approved its appointment.


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.



Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.



Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.


Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.


See all