Key Market Indicators
Romania's life insurance revenue is projected to hit €670 million by 2028, up from approximately €655 million in 2023. This represents a modest compound annual growth rate (CAGR) of 0.3%. Since 2018, the Romanian life insurance market has seen a steady annual increase of 0.5%. In 2023, Romania ranked 20th in the European market, with Croatia surpassing it by reaching around €655 million. Leading the rankings were Denmark, Germany, and Italy, securing the second, third, and fourth positions, respectively.
