ROMANIA: a new player on the MTPL insurance market

14 September 2023 — Daniela GHETU
The Romanian MTPL insurance market has a new player, after the Council of the Financial Supervisory Authority (A.S.F.) authorized, during the meeting on Tuesday, September 12, 2023, the company EAZY Asigurari S.A. to operate on this line of business.

On December 14, 2022, the FSA granted the company the establishment notice, five months after submitting the documentation in order to obtain the operating license.

EAZY Asigurari will cover the area of non-life insurance, including the segment of mandatory MTPL policies. The objective is to lay the foundations of a solid player in the local insurance market, and the ambition is to transform the new insurtech into a regional player within a horizon of three to five years.

Following EASY Insurance’s authorization, the Romanian MTPL market is totaling 9 players, including the two branches active in Romania within the European FOE/FOS framework (Axeria Iard and Hellas Direct).