Romania

Location:
Southeastern Europe, bordering the Black Sea, between Bulgaria and Ukraine

Climate:
temperate; cold, cloudy winters with frequent snow and fog; sunny summers with frequent showers and thunderstorms

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

Currency: Leu (RON)
Currency conversions were calculed for an average exchange rate of:
RON 4.4908/EUR - in 2016
RON 4.4450/EUR - in 2015
RON 4.4446/EUR - in 2014
RON 4.4190/EUR - in 2013
RON 4.4560/EUR - in 2012
RON 4.2379/EUR - in 2011
RON 4.2099/EUR - in 2010

Sources:
Insurance PROFILE
Romanian Financial Supervisory Authority (FSA)
Romanian National Bank
National Association of the Insurance and Reinsurance Companies (UNSAR)

Insurance statistics
1H2017	Market portfolio	xlsx
1H2017	Insurance Companies Rankings	xlsx
1Q2017	Market Portfolio	xlsx
1Q2017	Insurance Companies Rankings	xlsx
FY2016	Market portfolio	xlsx
FY2016	Insurance Companies Rankings	xlsx
3Q2016	Market Portfolio	xlsx
3Q2016	Insurance Companies Rankings	xlsx
1H2016	Market Portfolio	xlsx
1H2016	Insurance Companies Rankings	xlsx
1Q2016	Market Portfolio	xlsx
1Q2016	Insurance Companies Rankings	xlsx
FY2015	Market portfolio	xlsx
FY2015	Insurance Companies Rankings	xlsx
3Q2015	Market portfolio	xlsx
3Q2015	Insurance Companies Rankings	xlsx
1H2015	Market Portfolio	xlsx
1H2015	Insurance Companies Rankings	xlsx
1Q2015	Market Portfolio	xlsx
1Q2015	Insurance Companies Rankings	xlsx
FY2014	Market portfolio	xlsx
FY2014	Insurance Companies Rankings	xlsx
3Q2014	Market Portfolio	xlsx
3Q2014	Insurance Companies Rankings	xlsx
1H2014	Insurance market overview	pdf
1H2014	Market Portfolio	xlsx
1H2014	Insurance Companies Rankings	xlsx
1Q2014	Market Portfolio	xlsx
1Q2014	Insurance Companies Rankings	xlsx
FY2013	Insurance market overview	pdf
FY2013	Market Portfolio (according FSA)	xlsx
FY2013	Market Portfolio	xlsx
FY2013	Insurance Companies Rankings	xlsx
3Q2013	Market Portfolio	xlsx
3Q2013	Insurance Companies Rankings	xlsx
1H2013	Insurance market overview	pdf
1H2013	Market Portfolio	xlsx
1H2013	Insurance Companies Rankings	xlsx
1Q2013	Insurance Companies Rankings	xlsx
1Q2013	Market Portfolio	xlsx
FY2012	Insurance market overview	pdf
FY2012	Market Portfolio	xlsx
FY2012	Insurance Companies Rankings	xlsx
3Q2012	Insurance Companies Rankings	xlsx
3Q2012	Market Portfolio	xlsx
1H2012	Insurance market overview	pdf
1H2012	Insurance Companies Rankings	xlsx
1H2012	Market Portfolio	xlsx
1Q2012	Insurance Companies Rankings	xlsx
1Q2012	Market Portfolio	xlsx
FY2011	Insurance market overview	pdf
FY2011	Market Portfolio	xlsx
FY2011	Insurance Companies Rankings	xlsx
3Q2011	Market Portfolio	xlsx
3Q2011	Insurance Companies Rankings	xlsx
1H2011	Insurance market overview	pdf
1H2011	Market portfolio and rankings	xlsx
2010	Insurance market overview	pdf
2010	Market portfolio and rankings	xlsx
1H2009	Romanian insurance market overview	pdf
1H2009	Market portfolio	xls
1H2009	Life insurance rankings	xls
1H2009	Non-Life insurance rankings	xls
2009	Romanian insurance market overview	pdf
2009	Market portfolio	xls
2009	Life insurance rankings	xls
2009	Non-Life insurance rankings	xls
1H2010	Romanian insurance market overview (total & main lines)	pdf
1H2010	Market portfolio	xls
1H2010	Life insurance rankings	xls
1H2010	Non-Life insurance rankings (total & main lines)	xls

Romania FY2017 Market Portfolio

Romania FY2017 Market Rankings

See all statistics

Romania: Reducing the contribution for second pension pillar will lead to a significant decrease of the pension's value for a high number of participants - AURSF

Editor: Andreea RADU
2017-11-10

AURSF - The Association of Romanian Financial Services Users warns about the consequences of reducing the contributions for the second pension pillar, the action leading to a significant decrease of the pension's value for an extremely high number of participants.

Romanian ASF approved the merger between BCR Asigurari de Viata and AXA Life Insurance

Editor: Vlad BOLDIJAR
2017-11-02

The Romanian Financial Supervisory Authority's Board (ASF) announced it approved the merger operation by which BCR Asigurari de Viata VIG (the second largest life insurer in the country), will absorb AXA Life Insurance, as well as the portfolio transfer as a result of the merger.

ROMANIAN Transilvania Broker raises RON 9.6 milion in IPO

2017-10-31

Romanian insurer Transilvania Broker raised 9.6 million lei (USD 2.5 million/2.1 million euro) through an oversubscribed initial public offering (IPO) of a 25% stake and might start trading on the Bucharest Stock Exchange (BVB) at the beginning of November, the bourse said on Thursday.

Euroins Romania cuts stake in Bulgaria's Synthetica

2017-10-19

Bulgarian financial and insurance services provider Synthetica said on Friday that insurer Euroins Romania has decreased its stake in the company to 7.01%.

STATISTICS: ROMANIA, 1H2017: insurance market maintained its growth momentum

Editor: Vlad BOLDIJAR
2017-10-05

Romanian insurers reported a total GPW of RON 5.04 billion (about EUR 1.10 billion), up 8.02% y-o-y, in 1H2017, according to data published by ASF, the market maintaining its growth momentum.

Euroins Romania cuts stake in Bulgaria's Delta Credit

2017-08-30

Sofia-based financial and insurance services provider Delta Credit said on Thursday that insurance company Euroins Romania has decreased its stake in the company to 34.60% from 46.54%.

STATISTICS: ROMANIA: GWP of EUR 567 million and a new market leader

Editor: Vlad BOLDIJAR
2017-08-17

Romanian insurance market totaled RON 2.56 billion (EUR 567 million) at the end of March 2017, up by 8.2% y-o-y, according to the quarterly market data published by the ASF.

EUROINS Romania got regulatory approval to acquire the non-life portfolio of ATE Insurance

Editor: Vlad BOLDIJAR
2017-07-06

Romanian insurer EUROINS, part of Bulgarian-based EUROINS Insurance Group (EIG), will acquire the non-life insurance portfolio of ATE Insurance Romania, a PIRAEUS Bank unit, after Romania's ASF approved the transfer on July 4th 2017.

ROMANIAN insurer NN Asigurari de Viata plans to enter Bulgarian market

2017-07-06

Romania's financial regulator ASF said on Tuesday that it has received notification from Romanian life insurer NN Asigurari de Viata, formerly ING Asigurari de Viata, that it plans to enter the Bulgarian insurance market.

ROMANIA: Euroins buys Starcom bonds worth 700,000 euro

2017-07-05

Bulgaria's Starcom Holding said on Thursday its subsidiary Euroins Romania has acquired a total of 1,423 Starcom bonds at a price of 1,000 levs (511,300 euro) each. Euroins Romania acquired three Starcom bonds on June 22 and a further 1,420 on June 27, Starcom Holding said in a bourse filing.

Anna GRZELONSKA is the new CEO of NN Life Insurance Romania

Editor: Daniela GHETU
2017-05-31

Anna GRZELONSKA, currently COO of Nationale-Nederlanden in Poland, has been appointed as CEO of NN Life Insurance Romania. She succeeds Marius POPESCU, who was appointed as CEO of NN Hayat ve Emeklilik.

Cornel COCA-CONSTANTINESCU: The Romanian insurance market is reaching its maturity point

Editor: Andreea RADU
2017-05-24

"After a trial period, the Romanian insurance market is reaching its maturity, in my opinion. I believe in this market. As proof of my belief, I took on my shoulders to lead the insurance-reinsurance sector in ASF - The Financial Supervisory Authority during the most difficult moment in the insurance market's history in the past years", Cornel COCA-CONSTANTINESCU, First Vice President, ASF - The Financial Supervisory Authority, during the Brokers' Conference at FIAR 2017.

Regaining the consumers' trust is the main objective of the European legislation's revision

Editor: Andreea RADU
2017-05-24

The specialists who participated at the Brokers' Conference at FIAR 2017 pointed out that the revision of insurance legislation plays an important role for companies, but its main objective is regaining the consumers' trust.