In a wide-ranging interview, Romanian ASF Vice-President Sorin Mititelu describes 2025 as a year of consolidation and maturing for the Romanian insurance market, with gross written premiums rising by about 8%, underpinned by robust activity in both non-life insurance - especially auto - and strong double-digit growth in life insurance, notably unit-linked products.
Mititelu highlights that the market has begun to earn greater trust from clients following past volatility, noting improved portfolio diversification and a reduced dependency on a few large players. The solvency ratio remained comfortably above regulatory requirements, supporting the sector’s financial resilience.
He identifies the three main supervisory priorities for ASF in 2025 as:
- Stability: through risk-based prudential supervision, closer monitoring of solvency and risk retention, and focused reviews of sensitive segments (such as RCA).
- Consumer protection and service quality: via strengthened controls, guidelines, sanctions when needed, and enhanced complaint resolution tools.
- Modernization: aligning regulation with digital transformation, sustainable finance, and emerging technologies.
Looking ahead to 2026, Mititelu says ASF’s top objective remains a stable, well-capitalized insurance market capable of paying claims promptly, while supervising conduct to ensure fair treatment of consumers, transparency, and product clarity. He expects continued moderate growth, with life and health insurance driving momentum and stronger competition on service quality and innovation.
