Page 35 - Turkinsurance Digital Magazine

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Shares of life and non life branches other hand, life insurance premium volume increased from 478
million USD in 2017 to an estimated 504 million USD in 2018,
up by 5.4%. “According to the report, total insurance premium
per capita reached 129 USD at the end of 2018: 26 USD for life
insurance and 104 USD for non-life insurance.
21,2%
Premium volume increases by 6.13%

during the first half of 2019

According to the statistics by Xprimm, premium volume of Ro-
78,8% manian insurance market has grown by 6.13% in the first half
of 2019 and reached 1,280 million USD. 15 of 28 insurance
companies that are currently active in Romanian insurance mar-
ket operate in life segment, and of them operate in both life and
Life Non life non-life segments. The same data suggests that of all non-life
businesses were acquired by the motor branch.
2,306 million USD in 2016, 2,169 million USD in 2015 and “
2,013 million USD in 2014. As of the first quarter of 2019, 21.2% of premiums were writ-
ten in the life segment, while 78.8 percent were written in non-
Sigma Report suggests that premium life segment. During this quarter, total amount of indemnities
per capita is 120 USD at the end of 2018 paid for claims stood at 314 million USD. For this quarter,
Top 10 companies of life and non-life segments consist of AL-
LIANZ-TIRIAC, ASIROM VIG, BCR VIG, CITY, EUROINS,
According to the Sigma Report by Swiss Re Institute, total writ- GENERALI, GROUPAMA, NN, OMNIASIG VIG and UNIQA.
ten premiums in Romanian insurance market stood at 2,395 mil-
lion USD at the end of 2017. As of 2018, total written premi- In the first quarter of 2019, the Insurance Pool against Natural
ums were estimated to have grown by 5 percent; reaching 2,515 Disasters of Romania (PAID) paid five times more indemnities
million USD. Estimated premium volume for non-life segment for Nat Cat events, compared to the same period in 2018. PAID
stood at 2,011 million USD at the end of 2018, compared to statistics indicate that there are 1,706,342 active compulsory
1,917 million USD at the end of 2017. This suggests that non- house insurance policies, which equals to a share of 19% across
life premium volume grew by 4.9% on an annual basis. On the the country.

Life and Non‒life premium volume in Romania (Millions USD)

2.011
2017
2018

1.917
504
478
Life Non-life