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Romania Insurance Report Q1 2016

  • ID: 3608830
  • January 2016
  • Region: Romania
  • 55 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Allianz
  • Euroins
  • Generali
  • MORE

We believe that Romania's insurance market offers substantial growth potential over the next few years, with a stable political and economic environment providing a platform for increased household spending and demand for personal insurance lines. At present, insurance penetration and density are low by European standards and areas such as health and life insurance are at an embryonic stage of development. Meanwhile, consolidation between smaller local insurers may provide opportunities for existing multinationals or indeed new entrants.

Latest Updates And Developments:
- We expect to see relatively robust growth across the life and non-life markets over the next few years and have revised the majority of our premiums growth forecasts upwards this quarter to account for a positive outlook as regards household spending. We forecast life insurance premiums to grow by 4.0% year-on-year (y-o-y) on average over 2015-2019, while non-life sales will expand by 4.8% a year over the period.

- The non-life sector will continue to account for the lion's share of written premiums and will represent around 80% of total premiums sold through 2015-2019. The motor vehicle sub-sector will from the core of the market, accounting for just under three-quarters of total non-life sales in 2019.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allianz
  • Euroins
  • Generali
  • MORE

Table: Headline Insurance Forecasts (Romania 2012-2019)

SWOT

Insurance

Industry Forecast

Life Premiums Forecast
Table: Life Premiums (Romania 2012-2019)
Table: Life Insurance Claims (Romania 2007-2014)

Non-Life Premiums Forecast
Table: Non-Life Premiums (Romania 2012-2019)
Table: Non-Life Insurance Claims (Romania 2008-2014)

Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Romania 2012-2019)

Insurance Risk/Reward Index

Emerging Europe Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index

Market Overview

Life Market Overview

The Product Offering

The Competitive Landscape
Table: Life Insurance Market (USDmn) 2007-2013
Table: Life Insurance Market (%) 2007-2013

Non Life Market Overview

The Product Offering

The Competitive Landscape
Table: Non-Life Insurance Market (USDmn) 2007-2013
Table: Non-Life Insurance Market (%) 2007-2013

Company Profile

Allianz

Euroins

Generali

Vienna Insurance Group (VIG)

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Note: Product cover images may vary from those shown
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Allianz
Euroins
Generali
Vienna Insurance Group (VIG)

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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Our Clients

  • Transatlantic Holdings, Inc.
  • Aon Plc.
  • Swiss Reinsurance Company Ltd.
  • Prudential Financial, Inc.
  • General Reinsurance Corporation
  • ING Group