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Romania Insurance Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 55 pages

BMI View: We believe that Romania's insurance market offers substantial growth potential over the nextfew years, with a stable political and economic environment providing a platform for increased householdspending and demand for personal insurance lines. At present, insurance penetration and density are lowby European standards and areas such as health and life insurance are at an embryonic stage ofdevelopment. Meanwhile, consolidation between smaller local insurers may provide opportunities forexisting multinationals or indeed new entrants.

Latest Updates And Developments:

- We expect to see relatively robust growth across the life and non-life markets over the next few years andhave revised the majority of our premiums growth forecasts upwards this quarter to account for a positiveoutlook as regards household spending. We forecast life insurance premiums to grow by 4.0% year-onyear(y-o-y) on average over 2015-2019, while non-life sales will expand by 4.8% a year over the period.

- The non-life sector will continue to account for the lion's share of written premiums and will representaround 80% of total premiums sold through 2015-2019. The motor vehicle sub-sector will from the coreof the market, accounting for just under three-quarters of total non-life sales in 2019.

Table Of Contents

Romania Insurance Report Q1 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Romania 2012-2019) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Romania 2012-2019) 11
Table: Life Insurance Claims (Romania 2007-2014) 12
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Romania 2012-2019) 15
Table: Non-Life Insurance Claims (Romania 2008-2014) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Romania 2012-2019) 25
Insurance Risk/Reward Index 27
Emerging Europe Risk/Reward Index 27
Table: Emerging Europe Insurance Risk/Reward Index 28
Market Overview 29
Life Market Overview 29
The Product Offering 29
The Competitive Landscape 29
Table: Life Insurance Market (USDmn) 2007-2013 30
Table: Life Insurance Market (%) 2007-2013 31
Non Life Market Overview 32
The Product Offering 32
The Competitive Landscape 33
Table: Non-Life Insurance Market (USDmn) 2007-2013 35
Table: Non-Life Insurance Market (%) 2007-2013 36
Company Profile 37
Allianz 37
Euroins 39
Generali 42
Vienna Insurance Group (VIG) 46
Methodology 49
Industry Forecast Methodology 49
Risk/Reward Index Methodology 52
Table: Indicators 54
Table: Weighting of Indicators 55

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