Original risk is the only real, genuine way to grow the global insurance and reinsurance industry, according to Tom JOHANSMEYER, ARM AVP - PCS Strategy and Development, Verisk Insurance Solutions.

"You know there are markets like Romania, Italy, California, that are heavily exposed to the earthquake risk. There is a lot of opportunity for insurance growth here in Romania. Economic growth provides the opportunity for insured values, which also creates more original risk to enter the market", Tom JOHANSMEYER explained.

"Insurance growth unlocks capital that people are currently reserving. Romania is currently a amall insurance market, byt is certainly doesn't have to stay that way. All indications are that Romania could become a signifficant contributor of original risc to the global market", he underlined.