Location map
author: OCHA/ ReliefWeb

- Southeastern Europe, bordering the Black Sea;
- Neighbours: Bulgaria, Serbia, Hungary, Ukraine, Moldova.

- temperate climate;
- cold, cloudy winters with frequent snow and fog;
- sunny summers with frequent showers and thunderstorms.

Natural hazards:
- earthquakes, most severe in south and southwest regions;
- geologic structure and climate promote landslides.

Macro indicators
* 2018 estimates
Pop. density*:81.9people/km2
GDP*:202.7EUR billion

European Union:
EU member, since 2007

Currency: Leu
Code: RON
Since: 2005

Insurance market portfolio
* 2018 estimates
Overall Property*:12%
Overall Motor*:57%




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Romania 1Q2022 Market Rankings

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Romania 1Q2022 Market Portfolio

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Latest news

ROMANIA: Euroins is the non-life insurance market leader after Q1

According to Financial Supervisory Authority's latest report, Euroins Romania ranks first in the non-life insurance market hierarchy after Q1 2022, with a market share of 23.2%. The company has sold by 36% more policies in Q1 2022 as compared to Q1 2021, reaching a total of 1,2 million policies.

Romania: EBRD supports insurance market's development

The EBRD is optimistic about the development of the Romanian and regional insurance market, after record-breaking results for 2021 from Bulgaria's Euroins Insurance Group (EIG), led by the strong performance of its largest entity, Euroins Romania Asigurare Reasigurare, the bank said in a press release.

Romania: MTPL market expanded by 122% in Q1 2022

Romanian MTPL market continues the consolidation that began in the latter part of last year after the bankruptcy of CITY Insurance. Data reported by insurance companies and aggregated by the Financial Supervisory Authority show that in the first three months of 2022 gross written premiums (GWP) reached RON 2.47 billion, informed ASF. In Q1 2021, the Romanian MTPL market totaled RON 1.11 billion, according

French insurer Axeria IARD entered the Romanian MTPL market

French insurer Axeria IARD, headquartered in Lyon, became active on the Romanian MTPL market on the right of the Freedom of Establishment, being greenlighted by the French and Romanian supervisory authorities: ACPR (Autorite de controle prudentiel et de resolution) and ASF (Autoritatea de Supraveghere Financiara), as informed here.