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 1H2018 Market Rankings

Romania 1H2018 Market Portfolio

See all statistics

ROMANIA: Home insurance remains niche product

2018-06-04

Cristian IONESCU is the next President of Directorate of the Romanian ASIROM VIG

Editor: Daniela GHETU
2018-05-03

Starting July 1, 2018, the President of Directorate at position of ASIROM VIG (Romania) will be taken over by Cristian IONESCU. He will replace Mr. Juraj LELKES whose mandate ends on June 30, 2018.

STATISTICS: Romania, FY2017: the growth trend was maintained by the life insurance segment

Editor: Vlad BOLDIJAR
2018-04-05

The Romanian insurance market in Romania continued its growth trend in 2017, the local industry totaling RON 9.7 billion (EUR 2.1 billion), 3.5% more than in the previous year.

Romania: FSA approves Cosmin ANGHELUTA'S appointment for a new mandate as Deputy General Manager of Gothaer

Editor: Adina TUDOR
2018-03-12

Among the decisions adopted by the Romanian Financial Supervisory Authority (FSA) Board at its meeting on 7 March 2018, the appointment of Cosmin ANGHELUTA for a new mandate as Deputy General Manager of Gothaer Asigurari Reasigurari was also validated.

Cristian FUGACIU, CEO, MARSH Romania took over the management of MARSH operations in Austria and Hungary

Editor: Vlad BOLDIJAR
2018-01-23

Starting January 2018, Cristian FUGACIU, CEO of MARSH Romania is heading the global broker's business in the Central Europe, comprising 7 of the 17 insurance markets that form the CSEE Region (Central & South Eastern Europe).

COLONNADE Insurance to start operations in Romania

Editor: Vlad BOLDIJAR
2018-01-18

COLONNADE Insurance, part of the Canadian group FAIRFAX Financial Holdings, officially begins its activity in Romania, following AIG's entry into a strategic partnership with COLONNADE Insurance to manage existing policies for AIG Europe Limited's Romanian Branch.

ROMANIA: Top 10 insurance brokers accounted for nearly half of the mediated GWP in 3Q2017

Editor: Vlad BOLDIJAR
2018-01-17

The Romaninan insurance brokers mediated GWP worth RON 4.62 billion (EUR 1.02 billion) during the first nine months of 2017, 1,25% more y-o-y. Non-life premiums totaled RON 4.48 billion, while the value of mediated premiums related to life segment was RON 140.78 million.

STATISTICS: Romania: CITY Insurance and EUROINS accounted together for about 60% of MTPL market

Editor: Vlad BOLDIJAR
2018-01-11

The Romanian insurance market continued its growth trend in 3Q 2017, according to the most recent statistics published by ASF. Local insurers reported 3Q GWP of RON 7.32 billion (EUR 1.61 billion), 6% more than in the same period of the previous year.

WATFORD Insurance has announced its intention to enter the Romanian insurance market

Editor: Daniela GHETU
2017-12-07

WATFORD Insurance today announced its intention to establish a branch to launch insurance operations in Romania, focusing mainly on the MTPL and ancillary insurance products sale, but other retail products such as residential property insurance may also be offered.

Romania, a key-market for VIG

Editor: Adina TUDOR
2017-12-05

Romania is a key-market for VIG, the Austrian group taking the commitment to be a long-term investor on the local insurance market, the VIENNA Insurance Group representatives stated on Monday, December 4th, during a press conference.

Romania should stay the course - funded private pensions the key to sustainable future, PensionsEurope warns

Editor: Adina TUDOR
2017-11-15

After the Romanian government has decided to cut the contributions to pillar II to 3.75% (instead of raising to 6% from the actual 5.1% as mentioned in the initial draft bill), people in Romania are now facing a significant risk of suffering a decrease in their future retirement income, PensionsEurope warns.

ATRADIUS enters Romanian and Bulgarian markets

Editor: Vlad BOLDIJAR
2017-11-15

ATRADIUS - the second largest provider of credit insurance in the world, announced it expanded its international presence with two new locations in Bulgaria and Romania, as a part of the company's global expansion strategy.

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.