Romania Insurance Sector Report 2017/2018

  • ID: 4392504
  • Report
  • Region: Romania
  • 63 pages
  • EMIS, A Euromoney Institutional Investor Company
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The Insurance Sector In Romania Remains Heavily Underdeveloped, With The Ratio Of GWP To GDP At 1% For Non-Life Insurance And 0.2% For Life Insurance.

FEATURED COMPANIES

  • Groupama Asigurari SA
  • NN Asigurari de Viata SA
  • UNIQA Asigurari SA
  • MORE
This report provides a complete and detailed analysis of the insurance sector for Romania. In-depth business intelligence is presented in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this Report Allows you to do:
  • Understand the key elements at play in the insurance sector in Romania
  • Access forecasts for growth in the sector
  • View key data on insurance premiums and claims in Romania.
  • Crystallise the forces both driving and restraining this sector in Romania
  • Assess market share for the life insurance, non-life and reinsurance sectors
  • Ascertain Romania’s position in the global sector
  • Understand the competitive landscape and who the major players are
  • View M&A activity and major deals
  • Gain an understanding of the regulatory environment for the sector in Romania
  • Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Groupama Asigurari SA
  • NN Asigurari de Viata SA
  • UNIQA Asigurari SA
  • MORE
1. Executive Summary
  • Sector In Numbers
  • Sector Overview
  • Sector Snapshot
  • Sector Outlook
  • Driving Forces
  • Restraining Forces
2. Sector In Focus
  • Main Economic Indicators
  • Main Sector Indicators
  • Financial System Structure
  • Balance Sheet Of Insurance Companies
  • Gross Writtenemium And Claimsid
  • Solvency And Liquidity Of Insurance Companies
  • Insurance Brokers
  • Eusitioning
  • Foreign Direct Investment
  • Employment & Wages
3. Competitive Landscape
  • Highlights
  • Market Fragmentation
  • Top M&A Deals
  • M&A Activity 2013-Q1
4. Companies In Focus
  • Nn Asigurari De Viata SA
  • Omniasig Vienna Insurance Group SA
  • Allianz-Tiriac Asigurari SA
  • Uniqa Asigurari SA
  • Groupama Asigurari SA
5. Regulatory Environment
  • Key Bodies
  • Governmental Policies
  • Solvency Ii Regulation
6. Non-Life Insurance
  • Focusint - Gross Writtenemium For
  • Non-Life Insurance
  • Highlights
  • Main Events
  • Gross Writtenemium
  • Gross Claimsid
  • Profitability Statistics Of Non-Life Insurance
  • Mtpl Insurance
7. Life Insurance
  • Focusint - Gross Writtenemium For Life Insurance
  • Highlights
  • Main Events
  • Gross Writtenemium
  • Gross Claimsid And Technical Reserves
8. Reinsurance
  • Reinsurance Statistics
5. Regulatory Environment
  • Key Bodies
  • Governmental Policies
  • Solvency Ii Regulation
6. Non-Life Insurance
  • Focusint - Gross Writtenemium For
  • Non-Life Insurance
  • Highlights
  • Main Events
  • Gross Writtenemium
  • Gross Claimsid
  • Profitability Statistics Of Non-Life Insurance
  • Mtpl Insurance
7. Life Insurance
  • Focusint - Gross Writtenemium For Life Insurance
  • Highlights
  • Main Events
  • Gross Writtenemium
  • Gross Claimsid And Technical Reserves
8. Reinsurance
  • Reinsurance Statistics
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Groupama Asigurari SA
  • NN Asigurari de Viata SA
  • UNIQA Asigurari SA
  • MORE
The insurance sector in Romania remains heavily underdeveloped, with the ratio of gross written premium (GWP) to GDP at 1% for non-life insurance and 0.2% for life insurance. The core of the insurance market continues to be motor vehicle insurance with 44% of the market in 2016. Within the motor vehicle insurance category, motor third party liability (MTPL) insurance has experienced especially substantial growth, with its compound annual growth rate (CAGR) at 19.2% in the years 2012-2016. Driven by continuously increasing new passenger car registrations and price fluctuations, the market has become highly volatile and has pushed several companies into bankruptcy in the last two years. Thanks mainly to the significant growth of the MTPL market, the non-life insurance segment grew at a CAGR of 4.6% from 2012 onwards and represented 82.2% of the country’s total GWP in 2016. The remaining 17.8% was generated in the life insurance subsector, whose share has been shrinking – and whose GWP even dropped at an average of 1% pa between 2012 and 2016. Employment in the insurance and pension funds industry accounted for 0.23% of the country’s total employment in 2016.
Note: Product cover images may vary from those shown
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  • NN Asigurari de Viata SA
  • Omniasig Vienna Insurance Group SA
  • Allianz-Tiriac Asigurari SA
  • UNIQA Asigurari SA
  • Groupama Asigurari SA
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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