New Market Report Now Available: The Insurance Industry in Romania, Key Trends and Opportunities to 2017

New Financial Services market report from Timetric: "The Insurance Industry in Romania, Key Trends and Opportunities to 2017"

by Bill Thompson

(WireNews+Co) - Boston, MA - 18 March 2013

The Romanian insurance industry registered a decline in terms of gross written premium during the review period due to reduced corporate spending on insurance policies, the closure of numerous businesses, and a slowdown in bank lending activity. The decline was further aggravated by the turbulent economic conditions in the country and the EU debt crisis. The Romanian insurance industry remains underdeveloped compared with Western European countries, and the low level of penetration reflects a potential opportunity for global insurers, especially given the country's liberal polices relating to private participation. The Romanian insurance industry is predominantly composed of multinational insurers, with just a small proportion of revenue generated by domestic companies.

Key Highlights

- The Romanian insurance industry registered a decline in terms of gross written premium during the review period due to reduced corporate spending on insurance policies, the closure of numerous businesses, and a slowdown in bank lending activity.
- The decline was further aggravated by the turbulent economic conditions in the country and the EU debt crisis.
- The Romanian insurance industry remains underdeveloped compared with Western European countries, and the low level of penetration reflects a potential opportunity for global insurers, especially given the country's liberal polices relating to private participation.
- The Romanian insurance industry is predominantly composed of multinational insurers, with just a small proportion of revenue generated by domestic companies.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/544604_the_insurance_industry_in_romania_key_trends_and.aspx?afid=201) (http://www.fastmr.com/prod/544604_the_insurance_industry_in_romania_key_trends_and.aspx?afid=201)

Scope

This report provides a comprehensive analysis of the insurance industry in Romania:

- It provides historical values for the Romanian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key segments and categories in the Romanian insurance industry, along with industry forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Romania and outlines the key regulations affecting them

Reasons to Purchase

- Make strategic business decisions using in depth historic and forecast industry data related to the Romanian insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Romanian insurance industry
- Assess the competitive dynamics in the Romanian insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Romanian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: ING Nederlanden Asigurari de Viata SA, VIG BCR Life Insurance, Alico Insurance Romania, Astra Asigurari, Allianz Tiriac

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