1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Commercial Non-Life Insurance Brokers in Romania

Commercial Non-Life Insurance Brokers in Romania

  • June 2016
  • -
  • Finaccord
  • -
  • 20 pages

Commercial Non-Life Insurance Brokers in Romania, plus the BrokerBASE™ and market data file that accompany it, investigates the importance of brokers in the distribution of non-life (P&C) insurance for business, public sector and not-for-profit customers in Romania. This study first provides unique data concerning the size, segmentation and growth of the Romanian commercial non-life insurance market itself. It then quantifies the share of this market that is intermediated by brokers and, based on extensive primary research covering all significant broking entities, it ranks the leading 15 brokers in Romania according to their approximate revenues derived from commercial non-life insurance, excluding income from other activities such as personal lines and employee benefits consulting.

This study provides unique data in the following areas:

- the value of commercial non-life insurance markets from 2011 to 2015 with a segmentation between commercial liability, motor, property, MAT and other premiums and with a split for 2015 alone by size of insured entity (i.e. micro, small, medium, large and very large customers);

- the distribution share of brokers in this market in both 2011 and 2015 and the revenues consequently generated by them in each year that represent the value of the market for commercial lines broking in Romania;

- the approximate segmentation of commercial lines broking revenues by size of insured entity (i.e. again with a split across micro, small, medium, large and very large customers);

- the combined share of commercial lines broking revenues of the top three and top ten brokers in 2015 with this data broken out in the BrokerBASE™ for each of the top 15 brokers in Romania;

- also for the top 15 brokers, the approximate segmentation of their total broking revenues in 2015 (expressed as a percentage range) between commercial lines, personal lines, employee benefits plus life / health insurance, and wholesale insurance / reinsurance;

- forecasts for 2019 for the value of commercial non-life insurance premiums, brokers' distribution share of this market and the revenues predicted to be generated by brokers in that year from commercial lines.

Moreover, the study can be used in one or more of the following ways:

- to quantify the size and structure of both the underlying commercial non-life insurance sector and the associated commercial lines broking market in Romania;

- to understand how the value of both of these is likely to segment by size of insured customer;

- to understand the competitive landscape for commercial lines broking in Romania as defined by market concentration, the presence of international brokers and the business mix of the top 15 competitors;

- to identify the leading commercial lines brokers in Romania, with coverage of competitors such as Aon, Destine, Marsh & McLennan Companies, UniCredit Insurance Broker and Willis Towers Watson (incorporating Gras Savoye).

Table Of Contents

Commercial Non-Life Insurance Brokers in Romania
0.0 EXECUTIVE SUMMARY . 1
1.0 INTRODUCTION 3
What is this report about? 3
The focus is uniquely on commercial non-life (PandC) insurance, excluding other types of business. . 3
.and on brokerage, even where intermediaries can act as both agents and brokers . 3
Rationale . 3
In many countries, brokers constitute the most important distribution channel for commercial lines . 3
Methodology . 4
Research program 4
Market data analysis . 4
Definitions . 4
Premiums 4
Size of insured entity. 4
Abbreviations 5
BrokerBASE . 5
Finaccord 5
2.0 MARKET ANALYSIS . 7
Introduction . 7
Regulatory information . 7
Romanian brokers derive the vast majority of their revenues from commissions rather than fees 7
Commercial non-life insurance market . 8
In real terms, the value of the Romanian commercial lines market has diminished in recent years… 8
… albeit commercial motor insurance premiums have risen . 8
The five categories of insured entity as defined by size generate roughly equal shares of premiums 10
Commercial non-life insurance brokers 11
Overview of brokers' presence in the distribution of commercial non-life insurance 11
The distribution share of brokers in commercial lines has increased sharply since 2011… 11
… albeit over 30% of broking revenues are still likely to be due to the largest entities . 13
Competitor trends . 14
Destine is the market leader ahead of several multinational or non-indigenous competitors . 14
RENOMIA entered the Romanian market in 2015 following its acquisition of SRBA . 14
Most of the top 15 firms derive the bulk of their income from a combination of commercial and personal lines . 16
International broker networks . 18
MAI Insurance Brokers and RENOMIA adhere to the most networks 18
Future outlook . 19
The outlook for Romania's commercial lines broking market is a relatively positive one . 19

LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY . 1
Key market data for commercial non-life insurance brokers in Romania, 2011, 2015 and 2019 (forecast) . 2
1.0 INTRODUCTION 3
2.0 MARKET ANALYSIS . 7
Segmentation of commercial non-life insurance gross written premiums in Romania by line of business, 2015 8
Growth in commercial non-life insurance gross written premiums in Romania segmented by line of business, 2011 to 2015 9
Segmentation of commercial non-life insurance gross written premiums in Romania by line of business, 2011 to 2015 (table) . 9
Segmentation of commercial non-life insurance gross written premiums in Romania between micro, small, medium, large and very large entities, 2015 . 10
Segmentation of commercial non-life insurance gross written premiums in Romania between micro, small, medium, large and very large entities, 2015 (table) . 11
Brokers' distribution share of the commercial non-life insurance market and revenues earned from it in Romania, 2011 and 2015 12
Brokers' distribution share of the commercial non-life insurance market and revenues earned from it in Romania, 2011 and 2015 (table) . 12
Segmentation of commercial non-life insurance broking revenues in Romania between micro, small, medium, large and very large entities, 2015 . 13
Segmentation of commercial non-life insurance broking revenues in Romania between micro, small, medium, large and very large entities, 2015 (table) . 14
Share of the top three and the top ten brokers in commercial non-life insurance broking in Romania, 2011 and 2015 . 15
Market shares of commercial non-life insurance broking revenues of the top ten brokers in Romania, 2015 . 16
Segmentation of all insurance broking revenues between commercial lines, personal lines, employee benefits / life / health insurance and wholesale / reinsurance, for the top 15 commercial non-life insurance brokers in Romania, 2015 17
Partners of international broker networks in Romania, 2016 . 18
Brokers' distribution share of the commercial non-life insurance market and revenues earned from it in Romania, 2019 (forecast) 19
Brokers' distribution share of the commercial non-life insurance market and revenues earned from it in Romania, 2019 (forecast) (table) . 20

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • October 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of Belarusian insurance industry. It provides key performance indicators ...

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • September 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020' report provides a detailed analysis of Montenegrin insurance industry. It provides key performance indicators ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.